FuelCellsWorks

DANBURY, Conn– FuelCell Energy, Inc. (FCEL ) , a leading manufacturer of high efficiency ultra-clean power plants using renewable and other fuels for commercial, industrial, government, and utility customers, announced today its intention to offer, subject to market and other conditions, shares of common stock in an underwritten public offering. The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the shares of common stock offered in the public offering to cover over-allotments, if any. The Company intends to use the proceeds from this offering for product development, project financing, expansion of manufacturing capacity, and general corporate purposes. The offering is expected to price before 9:30 am EDT on Friday, June 25, 2010.

Lazard Capital Markets LLC is acting as the sole book-running manager and Canaccord Genuity Inc. is the co-manager for the offering.

The Company intends to offer and sell these securities pursuant to the Company’s existing shelf registration statement filed with the Securities and Exchange Commission on January 23, 2007, which was declared effective on February 6, 2007. A prospectus supplement describing the terms of the offering will be filed with the Securities and Exchange Commission and will form a part of the effective registration statement. When available, copies of the preliminary prospectus supplement, the final prospectus supplement and accompanying base prospectus related to this offering may be obtained from the Securities and Exchange Commission’s website at http://www.sec.gov or Lazard Capital Markets LLC, 30 Rockefeller Plaza, 60th Floor, New York, NY 10020 or via telephone at (800) 542-0970 or Canaccord Genuity, Attn: Syndicate Department, 99 High Street, 12th Floor, Boston, MA 02110 or via telephone at (800) 225-6201.

•    SFC delivers autonomous power generating systems for Bundeswehr operations abroad
•    Energy solution is based on the successful, multiply decorated portable JENNY fuel cell by SFC which creates a highly efficient energy network in combination with the SFC Power Manager
•    Solution enables longer mission duration and therefore increases soldier’s safety in the field

Brunnthal/Munich, Germany– SFC Smart Fuel Cell AG, technology and market leader for mobile and off-grid power solutions based on fuel cells, has received another order by the German Bundeswehr. SFC delivers autonomous power generating systems for Bundeswehr operations abroad. The energy solution ordered is based on the portable JENNY fuel cell which is successfully sold by SFC to soldiers as mobile off-grid power source for over a year now and is deployed in various international defense missions worldwide. In combination with the SFC Power Manager, an intelligent converter which assures optimal operation of available consumers, it builds a strong energy network for power supply in the field. The order volume is over 220,000 Euro. The delivery of the systems takes place in 2010.

The portable JENNY fuel cell by SFC Smart Fuel Cell is a small, under 2 kg lightweight power generator for soldiers and applications in the field. It can either be worn directly on the body in a belt or operate devices unmanned in the field. Because of its outstanding properties it was multiply and internationally awarded, most recently by the U.S. Department of Defense Wearable Power Prize and the Wall Street Journal Technology Innovation Award. Its usage in combination with the SFC Power Manager provides soldiers in multi-day missions with weight reduction up to 80 percent compared to conventional energy supply such as batteries. Power generation inside the JENNY fuel cell is silent, non-detectable without harmful fumes. Energy supply is fully automatically and without any user intervention over long periods of time.

The energy solution based on the JENNY fuel cell ordered within this contract can also be deployed undercover as a protection against environmental influences or reconnaissance. A challenge which is mastered by the JENNY fuel cell thanks to its innovative technology which is based on SFC’s year-long experience in developing reliable power supply solutions for demanding applications. „It is not enough to simply perfect a technology. It has to perform exactly according to expectations of the user in the particular application scenario“, says Dr. Peter Podesser, CEO of SFC Smart Fuel Cell AG. “The superior product features of the system enable longer mission duration at low detectability and thereby increase soldier’s safety in the field. Based on successful fielding, we have a reason to anticipate that this decision can lead into further procurement”.

SPAIN– Metre-gauge operator FEVE is planning to start trials with fuel cell traction between Ribadesella and Llovio on its non-electrified Santander – Oviedo route by the end of this year.

A hydrogen fuel cell is to be installed in a 1970s tramcar to power four traction motors, capable of operating at up to 25 km/h and making 15 return trips of 10 km every day.

The fuel cell is being developed by Cidaut, a research foundation specialising in transport and energy that draws on the academic expertise of the University of Valladolid. It weighs 80 kg, including a 10 kg fuel tank.

‘The best thing is that emissions are zero’, project leader Alberto Montes told El Mundo.FEVE’s Director of International & Institutional Relations José Antonio Sebastián said that the new technology could be used on future light rail networks.

As well as Cartgena – Los Nietos, where tenders have been called for four vehicles (RG 2.10 p16), FEVE plans to convert routes in Asturias, Galicia and Cantabria to tram-train operations.

Microcab Industries Limited of Coventry, UK, and Serenergy A/S of Hobro, Denmark, are pleased to announce an agreement for the supply of 10 Serenus 3kW fuel cell systems for use in Microcab’s next generation of demonstration fuel cell hybrid vehicles.

Serenergy is presently the only European company to have commercialised the High Temperature PEM technology which is used in its fuel cells, and which Microcab considers advantageous for its targeted automotive applications. Compared with the commonly used Low Temperature PEM technology, Serenus fuel cells have a higher internal temperature of 150 C or more, enabling them to operate over a wider range of environmental temperatures, and to use less pure hydrogen fuel. Furthermore, the high temperature exhaust greatly facilitates the use of otherwise wasted thermal energy for heating of the vehicle interior, thus increasing overall system efficiency.

Microcab employs lightweight construction techniques and fuel cell hybrid powertrains with electric drive in versatile and capable vehicles for light transport operations in urban and suburban areas. The hybrid powertrain architecture combines the power capability of a lithium-ion battery with the energy capability of a hydrogen fuel cell to achieve the necessary vehicle performance with ultra-low energy usage and zero emissions.

Microcab and Serenergy intend to work closely together to develop this and future automotive applications. Initially Serenergy will supply a system module comprising the fuel cell, its control system, and power-conditioning circuitry to supply the hybrid battery and electric drive.

Microcab and its associates will initially manufacture 8 vehicles to the new design, which will be supplied to Coventry University for participation in a 12-month trial as part of the Coventry and Birmingham Low Emissions Demonstrator project.

Microcab Industries Limited develops and supplies innovative zero-carbon vehicles for light urban transport. Current development work is enabled by support from the UK Advantage Niche Vehicle R&D Programme, funded by Advantage West Midlands and managed by Cenex.
Contacts: johnj@microcab.co.uk; julia.chance@cenex.co.uk
www.microcab.co.uk www.nichevehiclenetwork.co.uk www.cenex.co.uk

 Serenergy A/S is the world’s leading manufacturer of HTPEM fuel cells in the kW range. Serenergy designs and produces cost-efficient and highly reliable fuel cells for system integrators.
Contact: psk@serenergy.com
www.serenergy.com

 Coventry University, already prominent in automotive design, is developing new activities in the area of low carbon technology within the automotive industry and is a partner in the CABLED consortium.
Contact: ali.bushnell@coventry.ac.uk
www.coventry.ac.uk

 The Coventry and Birmingham Low Emissions Demonstrator (CABLED) consortium, supported by the UK Technology Strategy Board and Advantage West Midlands, and led by global engineering consultancy Arup, is undertaking a 12-month demonstration of 110 ultra low carbon vehicles and associated infrastructure. Microcab, assisted by additional funding through Coventry University from the UK Department of Energy & Climate Change, is providing the only hydrogen fuel cell vehicles within the demonstration fleet. CABLED is the largest of eight regional consortia in the Technology Strategy Board’s £25m UK-wide demonstrator trial of over 340 ultra low carbon vehicles, which is accelerating the development of new technologies and their adoption by consumers.
Contact: stuart.humphreys@grayling.com
http://cabled.org.uk

SELB, Germany and ESCHENBACH, Germany — Today H.C. Starck Ceramics and Kerafol announced their partnership in manufacturing, sales, and distribution of high-temperature SOFCs (solid oxide fuel cells) doped with scandium.

Because the scandium-doped zirconia used in these fuel cells is highly conductive, scandium-doped solid oxide fuel cells have the highest output potential of all electrolyte-supported fuel cells (ESC), and as a result are an essential, key component of innovative fuel cell technology.

H.C. Starck and Kerafol’s alliance creates new potential synergies which complement each other reciprocally, with Kerafol contributing its specialized knowledge of scandium-doped electrolytes and H.C. Starck its expertise in electrode manufacturing to the partnership. The result is the first high-output, scandium-doped cell with its origins in Europe.

In conjunction with the appropriate interconnectors, the new cells make it possible to manufacture SOFC stacks and systems with extraordinary performance and a long service life. Scandium-doped cells are particularly suited for use with interconnectors which contain a high percentage of chromium (CrFe5). The cell, marketed under the product name ESC 10, is available for purchase immediately.

“I am extremely pleased that thanks to H.C. Starck and Kerafol bundling their fuel cell expertise, we were able to develop this new, promising fuel cell product in such a short period of time,” says Dr. Andreas Sieverdingbeck, President of H.C. Starck Ceramics GmbH & Co. KG. “Each company’s range of competencies complements the other perfectly.”

Mr. Franz Koppe, President and Owner of Kerafol – Keramische Folien GmbH says: “The results of our jointly-developed ESC cell were excellent, and as a result we can manufacture cells with significantly improved performance characteristics at market-friendly rates. Together we are strong.”

H.C. Starck has been active in the field of fuel cell technology since 2003. In early 2008, H.C. Starck put two productions lines into operation at its facility in Selb to manufacture solid oxide fuel cells. These lines were especially designed for cells based on anode substrate and electrolyte technology, and have a capacity of approximately 200,000 cells annually.

With its existing state-of-the-art manufacturing equipment which can manufacture products with a width of up to one meter in cleanroom conditions, Kerafol can produce more than one million oxide and non-oxide ceramic goods annually. This means that together, the companies not only have the ability to manufacture cells with improved performance characteristics, but will also be able to manufacture the quantities required to meet the increased demand.

Some background information on solid oxide fuel cells: Fuel cells are considered to be a key technology for the future of electricity generation. In an SOFC, a fuel’s chemical energy is directly converted into electrical energy in an electrochemical reaction. This is why fuel cells are more effective than other conventional means of generating electricity. Fuel cell technology is an environmentally-friendly and highly efficient solution for on-site energy or for combined heat and power. Solid oxide fuel cells have the ability to make direct use of a number of different types of fuel (natural gas, hydrogen, methanol, ethanol, biogas, or carbon monoxide). In order to achieve higher voltages, several cells are joined together in a series into what is known as a stack, and this stack forms one electricity-supplying fuel cell unit.

About H.C. Starck

The H.C. Starck Group is a leading global supplier of refractory metals, technical ceramics, and conductive polymers, and serves growing industries such as the electronics, chemicals, automotive, medical technology, aerospace, energy technology, and environmental technology industries, as well as mechanical engineering and tool manufacturers. H.C. Starck has its own manufacturing facilities located in Europe, America, and Asia, and has close to 3,000 employees worldwide.

About Kerafol

Kerafol – Keramische Folien GmbH develops and produces ceramic tape for a wide range of applications using a special manufacturing process. Ceramic tape is used in a number of different fields, including microelectronics, thermal management, filtration, sensor technology, porcelain tape, and solid oxide fuel cells. Kerafol has played an active role in the field of solid oxide fuel cells, specifically scandium-doped fuel cells, since development of the technology began in the 1990’s.