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DANBURY, Conn.--FuelCell Energy, Inc. (Nasdaq:FCEL), a leading manufacturer of high efficiency, ultra-clean power plants for commercial, industrial, municipal and utility customers, today announced the appointment of Christof von Branconi, 47, EVP and COO of Tognum AG's Onsite Energy Systems & Components Division, to its Board of Directors. Mr. von Branconi joins FuelCell Energy's Board as Mr. Michael Bode, CEO of CFC Solutions GmbH (a wholly-owned subsidiary of the Tognum Group), retires from the Board after 14 years of service.
Germany-based Tognum AG is one of the world's leading suppliers of high-speed diesel engines and complete propulsion systems for ships, heavy land and rail vehicles as well as decentralized energy systems and industrial drive systems. Tognum employs more than 8,000 people worldwide and, in 2006, the Group generated revenue of around EUR 2.5 billion. Its Munich-based subsidiary CFC Solutions GmbH provides ultra-clean stationary, onsite generation systems and is FuelCell Energy's distribution partner for Europe. CFC Solutions markets the HotModule(r) which uses FuelCell Energy's Direct FuelCell(r) (DFC(r)) technology with CFC Solutions' balance of plant system.
"We welcome Mr. von Branconi to our Board of Directors and look forward to working with him," said R. Daniel Brdar, Chairman and CEO of FuelCell Energy. "His depth of experience successfully managing heavy equipment businesses worldwide will be very helpful to us as we continue to expand our business domestically as well as abroad."
Prior to Tognum AG, Mr. von Branconi was the Chief Operating Officer for Lurgi AG, a Frankfurt, Germany company specializing in chemical plant engineering, including renewables, synthesis gas, hydrogen, carbon monoxide as well as sulfur recovery. Mr. von Branconi's prior roles at Lurgi included Manager of Controlling and Business Development. He was a regional director for ThyssenKrupp HiServe in Oberhausen, Germany as well as COO and CFO on the Executive Board for Technology and Commercial at Polyamid 2000 in Brandenburg, Germany.
"We thank Mr. Bode for his dedicated service," Mr. Brdar commented. "He was a valuable counselor during his long tenure as we transitioned from a research and development contracts company to a commercial manufacturer of fuel cell power plants and we owe him a debt of gratitude."
About FuelCell Energy Inc.
FuelCell Energy is the world leader
in the development and production of stationary fuel cells for commercial,
industrial, municipal and utility customers. FuelCell Energy's ultra-clean
and high efficiency DFC(r) fuel cells are generating power at over 50 locations
worldwide. The company's power plants have generated more than 200 million
kWh of power using a variety of fuels including renewable wastewater gas,
biogas from beer and food processing as well as natural gas and other hydrocarbon
fuels. FuelCell Energy has partnerships with major power plant developers,
trading companies and power companies around the world. The company also
receives substantial funding from the U.S. Department of Energy and other
government agencies for the development of leading edge technologies such
as hybrid fuel cell/turbine generators and solid oxide fuel cells. For
more information please visit our website at www.fuelcellenergy.com.
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