FuelCell Energy signs 2 long term service agreements for direct fuel cell power plants purchased by a California utility
FuelCell Energy, Inc. signed two multi-year service agreements with Pacific Gas and Electric Company (PG&E) to operate and maintain two 1.4 megawatt Direct FuelCell power plants previously purchased and located at two California universities.
FuelCell Energy was contracted to install the plants and will maintain the power plants under the service agreements. Both plants are installed and have generated power with full operation expected within the next few weeks.
Utility-owned fuel cell power plants provide distributed baseload generation which lessens reliance on the electrical transmission grid and represents incremental capacity that avoids or reduces investment in the electric transmission and distribution system.
Services are a key portion of our value proposition to our customers and a cornerstone of our business model. Service agreements allow our customers to focus on their business while we focus our expertise on maintaining the power plants.—Chip Bottone, President and Chief Executive Officer, FuelCell Energy, Inc
FuelCell Energy offers a portfolio of services for fuel cell power plants ranging from one to 20 years. Technicians and engineers remotely monitor and operate Direct FuelCell power plants globally, 24 x 7 x 365 from the Global Technical Assistance Center, located at the Company's Danbury, Connecticut headquarters.
FuelCell Energy’s power plants have generated more than 800 million kWh of power using a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as natural gas.