| Danbury, Conn.
– Furthering the Administration's dedication to improving innovation and
energy efficiency, Treasury Secretary John W. Snow this morning visited
FuelCell Energy Inc., a developer and manufacturer of high-temperature
hydrogen fuel cells. During his visit, he discussed the importance of hydrogen
fuel cell technology with company owners, managers and employees.
"The potential for hydrogen-powered
fuel cells to power vehicles, homes and businesses with no pollution or
greenhouse gases is tremendous, and it is important to the U.S. from environmental,
economic and national security perspectives," Snow said. "That's why the
President is dedicated to promoting the development of commercially-viable
cells, announcing in his State of the Union Address a $1.2 billion Hydrogen
Fuel Initiative aimed at developing the technology for hydrogen fuel cells."
Snow went on to say that "The work
being done here at FuelCell Energy, Inc. is a wonderful example of how
American innovation and technology will lead us to a new day of reduced
reliance on foreign sources of energy. Clean, efficient alternative sources
of energy for our vehicles, homes and businesses are of vital importance
to America's ability to remain competitive and safe, and those energy sources
will be developed and produced by American scientists and entrepreneurs
like the folks here at FuelCell Energy, Inc."

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