Join        Login             Stock Quote

FuelCell Energy (FCEL) Participating In Fuel Cell Landfill Gas Project At Canada Landfill

 February 28, 2013 11:03 AM

(By Balachander) FuelCell Energy Inc. (NASDAQ: FCEL) has announced a contract to convert landfill gas to ultra-clean electricity, heat and renewable hydrogen and that it will demonstrate a tri-generation stationary fuel cell power plant at a landfill in Vancouver, Canada.

The stock, which has been trading in the 52-week range of $0.83 to $1.95, rose 3.99 percent to trade at $1.04 on Thursday.

Danbury, Connecticut-based FuelCell Energy makes ultra-clean stationary fuel cell power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants.

The company claims its Direct FuelCell (DFC) power plants have generated over one billion kilowatt hours (kWh) of power generated and currently has over 50 installations worldwide.

[Related -Top Insider Buy Stocks: AGCO, ASBC, FCEL, FWM, JPM, RALY]

The company said the project provides its first opportunity to show the application of its DFC technology with renewable landfill gas as well as advancing its hydrogen co-production technology.

According to FuelCell, the landfill for the City of Vancouver, Canada has an advanced gas collection system. Using the landfill gas to generate ultra-clean power converts a waste disposal problem into an environmentally friendly source of revenue.

The company said it expects power production to begin in early 2014. Power generation from a fuel source such as landfill gas is typically considered carbon-neutral due to the renewable nature of the fuel source.

A successful project demonstration could potentially lead to additional projects at this landfill as well as other landfills, FuelCell said.



Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageTackling China's Debt Problem: Can Debt-Equity Conversions Help?

China’s high and rising corporate debt problem and how best to address it has received much attention read on...

article imageWill Job Growth Kill The Bear-Market Signal For Stocks?

It’s all about jobs now. Actually, it’s always been about jobs. But the stakes are even higher—perhaps more read on...

article imageAutomating Ourselves To Unemployment

In this current era of central planning, malincentives abound. We raced to frack as fast we could for the read on...

article imageFed: Waiting For June… Or Godot?

The Federal Reserve left interest rates unchanged yesterday, as widely expected. But the possibility of a read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.