DANBURY, Conn., March 27, 2013 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq:FCEL) a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, today announced the launch of a new website at www.fuelcellenergy.com and an updated FuelCell Energy logo. In the past year, the Company has executed a number of initiatives including the acquisition of European manufacturing capacity, expansion in Asia through licensing agreements, development and sale of a multi-megawatt fuel cell park in North America to a leading utility, and the acquisition of solid oxide fuel cell technology to expand adjacent market opportunities.
The new website highlights this progress as well as utilizing reference site examples to illustrate the multiple attributes of stationary fuel cell power generation. The enhancements enable prospective customers to quickly gain an understanding of the value proposition of highly efficient and ultra-clean Direct FuelCell® (DFC®) fuel cell power plants through the use of an improved layout, graphics and photos. Each of the megawatt-class markets are explained, including on-site power for universities, municipal, food and beverage, and industrial applications as well as electric grid support with multi-megawatt fuel cell parks for electric utilities and independent power producers. A video is available on the home page featuring a customer and several legislators discussing the economics and value of DFC power plants.
"We deliver highly efficient and environmentally friendly power generation solutions that help our customers address sustainability issues in an economically compelling fashion," said Chip Bottone, Chief Executive Officer and President, FuelCell Energy, Inc. "Visitors to our website will be able to understand the markets we serve, the value that we provide to our customers, and ideally, visitors will find some useful industry reference points."
The website also highlights the applications development initiatives by the Advanced Technologies group to expand the market opportunities for DFC power plants as well as development of solid oxide fuel cell technology for sub-megawatt and specialty applications.
A Careers section highlights available job opportunities and offers a streamlined process for applicants interested in pursuing employment with FuelCell Energy, Inc.
The FuelCell Energy logo was updated to recognize the global transformation of the Company and the expanding market opportunities for highly efficient distributed power generation solutions. The white chevrons represent the fuel cell stack that produces ultra-clean power in a manner that is almost entirely absent of pollutants. The green background reflects the high efficiency and environmentally-friendly nature of the fuel cell power generation process that supports both economics and sustainability goals. The grey-colored font used for the Company name is purposefully a lighter shade to highlight the light impact the easy-to-site fuel cell power generation solutions have on the environment and the local community.
About FuelCell Energy
Direct FuelCell® power plants are generating ultra-clean, efficient and reliable power at more than 50 locations worldwide. With more than 300 megawatts of power generation capacity installed or in backlog, FuelCell Energy is a global leader in providing ultra-clean baseload distributed generation to utilities, industrial operations, universities, municipal water treatment facilities, government installations and other customers around the world. The Company's power plants have generated more than 1.5 billion kilowatt hours of ultra-clean power using a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas. For more information please visit our website at www.fuelcellenergy.com
View FuelCell Energy videos on YouTube
This news release contains forward-looking statements, including statements regarding the Company's plans and expectations regarding the continuing development, commercialization and financing of its fuel cell technology and business plans. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, whether the Company is able to reach definitive agreements on the terms contemplated in the memorandums of agreement with POSCO Energy, general risks associated with product development, manufacturing, changes in the regulatory environment, customer strategies, potential volatility of energy prices, rapid technological change, competition, and the Company's ability to achieve its sales plans and cost reduction targets, as well as other risks set forth in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based.
Direct FuelCell, DFC, DFC/T, DFC-H2 and FuelCell Energy, Inc. are all registered trademarks of FuelCell Energy, Inc. DFC-ERG is a registered trademark jointly owned by Enbridge, Inc. and FuelCell Energy, Inc.
CONTACT: FuelCell Energy, Inc.
Kurt Goddard, Vice President Investor Relations