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FuelCell Energy’s Long Island, New York Project Achieves Conditional Commercial Operation
Helps Town of Brookhaven Convert a Landfill into a Clean Energy Park Decarbonizing Power and Improving Air Quality DANBURY, Conn., Jan. 12, 2022 (GLOBE
About this update from Fuelcell Energy, Inc.
[{"type":"text","content":"Helps Town of Brookhaven Convert a Landfill into a Clean Energy Park Decarbonizing Power and Improving Air Quality DANBURY, Conn., Jan. 12, 2022 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in decarbonizing power and producing hydrogen, with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy—announced the completion of site construction and commencement of conditional commercial operation of its 7.4 megawatt (“MW”) SureSource™ fuel cell project located in Yaphank, Long Island, in New York. “We are excited to be in commercial operation of our fuel cell platform in the Town of Brookhaven, New York,” commented Jason Few, President and Chief Executive Officer, FuelCell Energy. “We are executing on our promise to enable electrical resiliency and to deliver needed clean base load power to central Long Island, while reducing above ground risk associated with long distance high voltage transmission lines. Utilizing three of our fuel cell platforms, we will deliver to the grid 24/7 power that is enough to power approximately 7,500 homes from a footprint slightly larger than a couple of tennis courts.” Kevin Lapidus from Franklin Park commented, “We are pleased to complete the Yaphank project with FuelCell Energy. We look forward to continuing to support the growth of the renewable energy market by offering a full suite of capital to our developer partners, including development capital, corporate equity, tax equity and project capital.” “The Yaphank Fuel Cell Park is the Town's first step in our transition from landfill to an energy park,” said Brookhaven Town Supervisor, Ed Romaine. “The fuel cells, along with solar fields and harvested methane gas, will repurpose the landfill when it stops accepting waste after 2024 and is capped and closed. Our forward-looking plan will establish Brookhaven Town as a municipal leader in alternative energy sources.” “This fuel cell installation illustrates how fuel cells work in partnership with intermittent sources to provide always-on power when weather affects wind and solar production,” added Mr. Few. In conjunction with the project achieving commercial operation, Franklin Park has funded the remaining commitment under the previously announced tax equity arrangement, bringing the total investment in...