DGAP-News

German Government Supports Advancement of Clean and Efficient Fuel Cells With 4.9 Million Euros in Research Awards

DGAP-News: FuelCell Energy, Inc. /
German Government Supports Advancement of Clean and Efficient Fuel
Cells With 4.9 Million Euros in Research Awards

22.07.2014 / 09:00

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FuelCell Energy Solutions GmbH and joint-venture partner Fraunhofer IKTS to
further enhance performance of stationary fuel cell power plants

DRESDEN, Germany, 2014-07-22 09:00 CEST (GLOBE NEWSWIRE) --
FuelCell Energy Solutions GmbH (FCES), which manufactures, sells, operates and
services ultra-clean, efficient and reliable fuel cell power plants, announced
the issuance of nearly [Eur]5 million in awards by Germany's Federal Ministry for
Economic Affairs and Energy to support a three year research and development
project between FCES and joint venture partner Fraunhofer IKTS. The project
targets further enhancements to the Direct FuelCell(r) (DFC(r)) technology by
increasing power density and operating life of the fuel cells, leading to lower
costs. The research is being performed in Germany by FCES at an existing
facility in Ottobrunn and by Fraunhofer IKTS at a facility located in Dresden.

'Fraunhofer IKTS continues to undertake fuel cell research in recognition that
the attributes of high efficiency, virtual lack of emissions, low carbon
output, and ability to easily site fuel cell plants in populated areas can help
address the power generation challenges facing Germany and many other European
countries,' said Prof. Dr. Alexander Michaelis, Director of Fraunhofer IKTS.
'The awards from the Federal Ministry for Economic Affairs and Energy will help
expand Germany's existing fuel cell knowledge and assist in advancing the
technology towards greater adoption that should support economic development in
Germany.'

'With the support of various government organizations, strategic partners and
private industry, product, performance and system enhancements continue on our
proprietary fuel cell technology and are now being performed on three
continents; validating the global interest in our power and hydrogen generation
solutions that enhance the resiliency of power distribution in an ultra-clean
and affordable manner,' said Chip Bottone, President and Chief Executive
Officer of FuelCell Energy, Inc. and Managing Director of FuelCell Energy
Solutions GmbH. 'We utilize a common global technology platform so enhancements
developed under these awards can support global markets, further strengthening
the attractiveness of our product offerings.'

The research and development program aims to enhance the DFC fuel cell
performance by increasing the power output of the fuel cell stack, making the