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fuelcell-energy-inc-announces-signing-of-three-long-term-power-purchases
fuelcell-energy-inc-announces-signing-of-three-long-term-power-purchases

FuelCell Energy, Inc. announces signing of three long-term power purchases

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FuelCell Energy, Inc., has signed the first of three long-term power purchase agreements, under the Fuel Cell Resources Feed-In Tariff IV programme administered by PSEG Long Island.

The agreement stems from the selection of a 7.4 megawatt fuel cell project located in Yaphank, New York, by PSEG Long Island under a solicitation for 40 megawatts of fuel cell-based power resources.

The solicitation saw NY Clean Energy Standard (NY CES) qualify fuel cell resources from one megawatt to under 10 megawatts in nine designated electrical distribution development areas, and up to 20 megawatts at the transmission level at 10 key substation locations across Long Island.

The Yaphank 7.4megawatt project is one of the three totalling in 39.8 megawatts awarded to FuelCell Energy as part of the FIT IV competitive bid process.

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