Rocky Hill, CT (May 30, 2006)-The Connecticut Clean Energy Fund (CCEF) announced today that it has signed a loan agreement with Bridgeport Fuel Cell Park, LLC (BFCP) for pre-development funding of a 10-megawatt fuel cell park to be located on a brownfield site in Bridgeport, Connecticut. This fuel cell project, when completed, will be the largest in the country and will be able to power over 9,300 households with clean energy.
The loan of up to $500,000 is being provided through CCEF's Pre-Development Program, which funds the early stages of renewable energy projects that will feed power from clean energy sources into the New England electric grid. The program supports renewable energy projects that will potentially move into the construction phase and operation, providing funding for financial and interconnection analyses, facility design, permitting and other activities.
Both FuelCell Energy, Inc. (FCE) of Danbury, Connecticut, and PurePower, LLC (PurePower) of Farmington, Connecticut, are partners in BFCP. FCE, which will provide the project's five fuel cells, is a leading manufacturer and developer of fuel cells. PurePower is a consulting firm with experience in assessing the feasibility and implementation of stationary fuel cell commercial generation projects.
"It's exciting to know that the Bridgeport Fuel Cell Park's proposed 10-megawatt fuel cell power plant, when completed, will be the largest in the country, if not the world," said Lise Dondy, chief operating officer of the Connecticut Clean Energy Fund. "This project is important to our citizens because it will be supplying power - clean power - to the electricity grid, thereby helping to relieve the transmission congestion found in southwest Connecticut." Dondy added, "This project and others help to keep Connecticut at the forefront of the fuel cell industry."
About the Connecticut Clean Energy Fund.
The Connecticut Clean Energy Fund was created by the Connecticut General Assembly and is administered by Connecticut Innovations, a quasi-public organization. CCEF promotes the development and commercialization of clean energy technologies; the creation of clean energy supply; and the demand for electricity from clean, renewable sources in Connecticut in order to strengthen Connecticut's economy, protect community health, improve the environment, and promote a secure energy supply for the state. CCEF's funding comes from a surcharge on electric ratepayers' utility bills.
For more information about Fuel Cell Energy visit www.fce.com
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