FuelCell Energy, Inc. (Nasdaq:FCEL) has announced the signing of a memorandum of understanding with Air Products (NYSE:APD) to work toward the market development of stationary Direct FuelCell® (DFC®) power plants that simultaneously produce hydrogen, ultra-clean electricity and usable high quality heat.

Target markets for these tri-generation stationary fuel cell power plants include industrial hydrogen users as well as vehicle fueling applications.

On-site power

On-site or distributed co-production of hydrogen in a cost effective and efficient manner from stationary fuel cell power plants represents tremendous market potential,” said Ed Kiczek, global director — Hydrogen Energy Systems at Air Products. “Hydrogen is an alternative fuel that can simultaneously reduce a country’s dependence on imported oil and significantly reduce greenhouse gas emissions.”

The initiative seeks to develop a market for tri-generation megawatt-class power plants around the world.

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