FuelCell Energy partner MTU announces new fuel cell projects in Europe

DANBURY, Conn., Sept. 18, 2001 à‚– FuelCell Energy Inc. partner, the MTU Friedrichshafen unit of DaimlerChrysler, announced at the Seventh Annual Grove Fuel Cell Symposium in London that it will deliver seven new fuel cell power plants in Europe starting later this year.

The 250 kW power plants are based on the Direct FuelCell(r) (DFC(r)) technology and will utilize fuel cells manufactured at FuelCell Energy’s Connecticut manufacturing facility.

The locations include:

* RWE: Heat and power at an energy park.

* IZAR: Energy for this ship building company.

* Deutsche Telecom: DC back-up power for a telecommunication center.

* EnBW / Michelin: Electricity and process steam for a tire manufacturing plant.

* E-on / Degussa: Generation of power, heat and CO2 gas for industrial usage.

* IPF KG: Back-up power and co-generation for the Otto-v-Guericke University Medical Institute.

* VSE AG: Co-generation for industrial laundry and CO2 use for greenhouse fertilization.

“The success of our partner MTU in siting commercial field trials at different customers and for a variety of applications clearly demonstrates the global interest and potential for DFC power plants,” said Jerry D. Leitman, president and CEO of FuelCell Energy. “We are pleased to add these orders to our existing backlog as we continue to ramp-up our manufacturing capability to commercialization.”

About Direct FuelCells

Direct FuelCells generate electricity with no combustion. They are, in effect like large, continuously operating batteries that generate electricity as long as fuel, such as natural gas, is supplied. Since the fuel is not burned, there is no pollution commonly associated with the combustion of fossil fuels. Also, the high efficiency leads to more electric power from less fuel and with less carbon dioxide emissions.

About FuelCell Energy, Inc.

FuelCell Energy, Inc. (www.fuelcellenergy.com) is a developer and provider of high efficiency fuel cells for electric power generation. The company’s Direct FuelCell (DFC) technology eliminates external fuel processing to extract hydrogen from a hydrocarbon fuel.

This results in a product whose cost, combined with high efficiency, simplicity and reliability, results in product advantages for stationary power generation. FuelCell Energy is based in Danbury, CT.

The company has been developing DFC technology for stationary power plants with the U.S. Department of Energy through the National Energy Technology Laboratory, whose advanced fuel cell research program is focused on developing a new generation of high performance fuel cells that can generate clean electricity at power stations or in distributed locations near the customer, including hospitals, schools, data centers and other commercial and industrial applications.

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