FuelCell Energy Inc (FCEL)

[srm4u]

FuelCell Energy to install fuel cell power plant at Port of Long Beach, California to generate renewable hydrogen and power
Toyota to purchase renewable hydrogen for fuel cell vehicle refueling
Power generated by the fuel cells will be sold to the grid under State of California Bioenergy Market Adjustment Tariff (BioMAT) program
DANBURY, Conn., Nov. 30, 2017 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq:FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced the execution of a hydrogen and power off-take agreement with Toyota, outlining an innovative collaboration in which Toyota will purchase renewable hydrogen for vehicle fueling generated on-site from a multi-megawatt SureSourceTM fuel cell power plant located at the Port of Long Beach in California. FuelCell Energy will install and operate a fuel cell power plant that will be configured for hydrogen production to generate and supply 100 percent renewable hydrogen for Toyota’s fuel cell electric vehicles (FCEV’s) and its heavy duty fuel cell Class 8 proof of concept truck. The fuel cell plant will simultaneously generate renewable power to be supplied to the grid under the California Bioenergy Market Adjustment Tariff (BioMAT) program. This fuel cell solution meets Toyota’s fueling needs affordably and sustainably, while supporting the advancement of California’s hydrogen fueling infrastructure and adhering to the state’s mandate for utilizing low-carbon and renewable sources.


At the 2017 World Economic Forum in Davos, a consortium of companies including Toyota, Honda, Daimler, Shell and BMW announced the formation of the Hydrogen Council, which will invest in hydrogen research and lobbying. Japan has announced its intention to become the world’s first “hydrogen society”, aiming to have 35 hydrogen fuel stations in operation by 2020.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151800168