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FuelCell Energy Announces Two Long Term Service Deals
Danbury, Conn. – FuelCell Energy, Inc. , a leading manufacturer of ultra-clean, efficient and reliable power plants, announced last week the signing of two multi-year service agreements with Pacific Gas and Electric Company (PG&E) to operate and maintain two 1.4 megawatt Direct FuelCell® power plants previously purchased and located at two California universities. FuelCell Energy was contracted to install the plants and will maintain the power plants under the service agreements. Both plants are installed and have generated power with full operation expected within the next few weeks.
Utility-owned fuel cell power plants provide ultra-clean distributed baseload generation which lessens reliance on the electrical transmission grid and represents incremental capacity that avoids or reduces investment in the electric transmission and distribution system.
“Services are a key portion of our value proposition to our customers and a cornerstone of our business model,” said Chip Bottone, President and Chief Executive Officer of Danbury, CT-based FuelCell Energy, Inc. “Service agreements allow our customers to focus on their business while we focus our expertise on maintaining the power plants.”
FuelCell Energy offers a comprehensive portfolio of services for fuel cell power plants ranging from one to 20 years. Technicians and engineers remotely monitor and operate Direct FuelCell power plants globally, 24 hours per day, seven days per week, 365 days per year from the state-of-the-art Global Technical Assistance Center, located at the Company’s Danbury, Connecticut headquarters.
Mr. Bottone continued, “Services represents a long term and consistent source of revenue for the Company and is a key growth area, as demonstrated by this announcement.”
Filed under: CT Green News
