FuelCell and Air Products sign MoU to market power plants

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 FuelCellà‚® (DFCà‚®) 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 ࢀ” 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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