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FuelCell Energy to Show Industry How to Sustainably Create CO2 at World Brewing Congress
Carbon is concentrated and captured, purified, and stored for later use in food and beverage production contributing to food security DANBURY, Conn., Aug. 15,
About this update from Fuelcell Energy, Inc.
[{"type":"text","content":"Carbon is concentrated and captured, purified, and stored for later use in food and beverage production contributing to food security\nDANBURY, Conn., Aug. 15, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy Inc. (Nasdaq: FCEL) announced its participation in the World Brewing Congress, taking place August 17-20 in Minneapolis, Minn. The event will provide a platform for FuelCell Energy to showcase its innovative solutions for CO2 utilization and sustainability in the brewing, food, and agriculture industries. Countries and companies around the world are rushing to reduce their carbon footprints, particularly with respect to the energy, transportation, and heavy industry sectors. However, at the same time, there is a demand for a cleaner way of generating CO2. The certainty of supply and long-term pricing for CO2, especially in the food and beverage industry, is mission critical because CO2 provides the bubbles in beer, keeps steak fresh, helps process the sugar in dessert, and pH balances the water we drink. In fact, CO2 permeates the food chain and is a glue between manufacturers, processors, stores, restaurants, and the consumer. In recent years, there have been supply disruptions in the CO2 market for a variety of reasons – some temporary and others more lasting – that have made it harder for food and beverage companies to find the high-quality CO2 they need. Also, food and beverage companies are experiencing price spikes from industrial gas suppliers that directly impact food and beverage pricing. FuelCell Energy’s technology enables food and beverage suppliers to eliminate these negative business challenges. FuelCell Energy’s solution is also in step with the race for clean energy solutions to everyday problems. The company’s patented molten carbonate fuel cell technology provides customers with three significant benefits from a single onsite system. Baseload power to make food and beverage production facilities energy self-sufficient, reduces power costs and adds resiliency and reliability.Steam and/or hot water that can be sent to boilers, reducing emissions from boilers used in the production process.Food and beverage grade CO2 can be consumed immediately or stored for later use in production. Utilizing FuelCell Energy's proprietary technology to generate and store carbon ensures steadiness in a company's supply of essential pr...