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Emissions Credits From FuelCell Energy's Ultra-Clean Power Plants Certify the Energy 2005 Conference 'Cleaner and Greener' for Second Straight Year

Posted on: Wednesday, 17 August 2005, 09:00 CDT

Company's First Donation Contributed to Innovation Award for Making Last Year's Event the Federal Government's First Independently Certified 'Green' Meeting

FuelCell Energy, Inc. (NasdaqNM:FCEL), a leading manufacturer of ultra-clean electric power plants for commercial and industrial customers, today announced the donation of emissions credits -- equivalent to preventing the discharge of 3,200 pounds of nitrogen oxide (NOx), 5,200 pounds of sulfur oxides (SOx) and other pollutants into the atmosphere -- to offset emissions generated by the federal government's Energy 2005 expo.

The company's donation, to Leonardo Academy Inc.'s Cleaner and Greener(SM) program, is the second consecutive year FuelCell Energy has offset the exposition's emissions, resulting in its certification as a "cleaner and greener" event. This year, more than 1,500 federal, state, local and private sector energy managers and other energy professionals attended its workshops and training sessions on new technologies, renewables, policy and planning in Long Beach, Calif.

FuelCell Energy's emissions credits stemmed from ultra-clean generation of 2,200 megawatt hours of electricity by several of its Direct FuelCell(R) (DFC(R)) power plants in California and Connecticut. Emissions credits -- derived from the use of fuel cells, cleaner fuels, improved energy efficiency or increased application of renewable energy sources -- offset pollution created by energy use elsewhere. Many experts believe emissions trading programs will help foster the development of cleaner power generation technologies such as fuel cells.

"Certifying the Energy 2005 Workshop and Exhibition as a 'green' event underscores that fuel cell power plants are an integral part of helping improve our environment," said Dan Brdar, Chief Operating Officer of FuelCell Energy. "Being able to do so for this year's event is especially gratifying for us given that it's located in southern California, an area with strict air emissions standards."

The US General Services Administration (GSA) recently recognized last year's Energy 2004 exposition as the federal government's first independently certified green meeting and trade show, and cited a number of organizations with its 9th Annual Achievement Award for Real Property Management Innovation.

"We are pleased to work with FuelCell Energy again this year to certify Energy 2005 as a Cleaner and Greener event," said Michael Arny, president of Leonardo Academy. "We applaud the environmental benefits of their fuel cell products and the role they can play in reducing emissions from electric power generation."

Leonardo Academy founded the Cleaner and Greener Certification Program to reduce pollution and promote sustainability, helping businesses, organizations, individuals and events take action to reduce pollution that contributes to climate change, smog and acid rain. The Program now addresses all aspects of sustainability. For more information about the Cleaner and Greener program, please visit http://www.cleanerandgreener.org.

About FuelCell Energy, Inc.

FuelCell Energy develops and markets ultra-clean power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants and with virtually no air pollution. Creating energy from self-contained reactions, fuel cells produce base load electricity where commercial and industrial customers face cost, reliability, security or environmental issues with their existing energy supplies. Emerging state, federal and international regulations to reduce harmful greenhouse gas emissions consider fuel cell power plants in the same environmentally friendly category as wind and solar energy sources -- with the added advantages of running 24 hours a day and the capacity to be installed where wind turbines or solar panels often cannot. Headquartered in Danbury, Conn., FuelCell Energy has generated over 70 million kilowatt-hours of electricity from over 40 power plant sites around the globe, and conducts R&D on next-generation fuel cell technologies to meet the world's ever-increasing demand for green energy. For more information on the company, its products and its worldwide commercial distribution alliances, please see http://www.fuelcellenergy.com.

Direct FuelCell, DFC and DFC/Turbine are registered trademarks of FuelCell Energy, Inc. All other trademarks are the property of their respective owners. The company's sub-megawatt DFC fuel cell power plant is a collaborative effort combining its Direct FuelCell technology with a Hot Module(R) balance of plant design from MTU CFC Solutions, GmbH, a subsidiary of DaimlerChrysler.

This news release contains forward-looking statements, including statements regarding the Company's plans and expectations regarding the development and commercialization of its fuel cell technology. 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, the risk that commercial field trials of the Company's products will not occur when anticipated, general risks associated with product development, manufacturing, changes in the utility regulatory environment, potential volatility of energy prices, rapid technological change, and competition, 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.

Source: Business Wire

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