FuelCell Energy Inc (FCEL)

[WeTheMarket]

Key quotes from this morning press release:
https://investor.fce.com/press-releases/press-release-details/2023/FuelCell-Energy-Takes-Step-Toward-Commercializing-Carbon-Capture-Technology-with-ExxonMobil/default.aspx


"We believe our carbon capture solution is the only solution that can capture carbon while producing electricity and hydrogen at the same time. Traditional amine solutions penalize power output by 20-35% of total power production,” added Few.

The modules will use carbonate fuel cells to efficiently capture and concentrate carbon dioxide streams. Combustion exhaust from an external source, like a flue stream, will be directed to the fuel cell, which electrochemically reacts fuel and air to produce power, while capturing and concentrating carbon dioxide for utilization or permanent storage. The modular design enables the technology to be deployed at a wide range of locations, operate at high efficiency, and advance business goals at hard-to-decarbonize industrial and commercial applications.