ExxonMobil and FuelCell Energy have signed a new two-year expanded joint development agreement to enhance carbonate fuel cell technology in order to capture carbon dioxide (CO2) from industrial facilities.
Worth up to $60m, the agreement will focus on optimising the core technology, process integration and large-scale deployment of carbon capture solutions.
“ExxonMobil is working to advance carbon capture technologies while reducing costs and enhancing scalability,” said Vijay Swarup, Vice-President of Research and Development for ExxonMobil Research and Engineering Company.
“This expanded agreement with FuelCell Energy will enable further progress on this unique carbon capture solution that has the potential to achieve meaningful reductions of carbon dioxide emissions from industrial operations.”
FuelCell Energy’s technology uses carbonate fuel cells to capture and concentrate CO2 stream from large industrial sources. Combustion exhaust is directed to the fuel cell which produces power while capturing and concentration CO2 for permanent storage.
“We are excited to continue to work with ExxonMobil to tackle one of the biggest challenges that exists today,” said Jason Few, President and CEO of FuelCell Energy.
“We have a great opportunity to scale and commercialise our unique carbon capture solution, one that captures about 90% of CO2 from various exhaust streams, while generating additional power, unlike traditional carbon capture technologies which consume significant power.”
ExxonMobil and FuelCell Energy have been working together since 2016 with a focus on carbonate fuel cells and how to increase efficiency in separating and concentration CO2 from the exhaust of natural gas-fuelled power generation.
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