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Connecticut U.S. Congressman Larson Visited FuelCell Energy's Torrington Facility
Publication Date:30-August-04
Source: FuelCell Energy Inc.
Town Hall Meeting with Employees Announced Federal Funding for Carbonate Fuel Cells

U.S. Congressman John B. Larson (CT-1) visited the Torrington manufacturing plant of FuelCell Energy, Inc. (Nasdaq: FCEL) today where he participated in a town hall-style meeting with employees, announced federal funding for carbonate fuel cells and toured the facility. Larson discussed how fuel cells can be a key to ending U.S. dependence on foreign oil, the economic and environmental benefits the technology holds and the need for Connecticut to maintain its leadership in the field.

The Department of Defense Appropriations Bill for Fiscal Year 2005 includes funding for carbonate fuel cells and has been approved by Congress and signed into law. Actual contract details for any FuelCell Energy project remain to be determined and will be announced when finalized.

About DFC power plants

Direct FuelCells efficiently generate clean electricity at distributed customer locations, including hospitals, schools, universities, hotels, and other commercial and industrial facilities, as well as in grid-support applications for utility customers. Direct FuelCells operate similar to large, continuously operating batteries, except they utilize a fuel to generate electricity such as natural gas or digester gas from wastewater treatment facilities. DFC power plants are hydrogen generators, and because of this are ready today and do not require the creation of a hydrogen infrastructure. This high-efficiency technology generates more electric power from less fuel and with less carbon dioxide emissions than traditional combustion methods. The sub-megawatt fuel cell power plant is a collaborative effort using Direct FuelCell(R) technology of FuelCell Energy and the Hot Module(R) balance of plant design of MTU CFC Solutions, GmbH, a subsidiary of DaimlerChrysler.

About FuelCell Energy, Inc.

FuelCell Energy, Inc., based in Danbury, Connecticut, is a world leader in the development and manufacture of high-temperature hydrogen fuel cells for clean electric power generation. The Company has developed commercial distribution alliances for its carbonate Direct FuelCell products with MTU CFC Solutions in Europe; Marubeni Corporation in Asia; Enbridge Inc. in Canada; and Caterpillar, PPL Energy Plus, Chevron Energy Solutions, Alliance Power, and LOGANEnergy in the U.S. FuelCell Energy developed its patented Direct FuelCell technology for stationary power plants with the U.S. Department of Energy through its Office of Fossil Energy's National Energy Technology Laboratory.

FuelCell Energy is also developing next-generation high-temperature fuel cell products, such as a diesel-fueled marine Ship Service Fuel Cell, a combined-cycle DFC/Turbine(R) power plant, and solid oxide fuel cells for applications up to 100 kilowatts. For more information about FuelCell Energy, please visit http://www.fuelcellenergy.com.

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. 
 

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