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FuelCell Energy's Direct FuelCell (DFC) power plants are an economical solution for reliable, Ultra-Clean baseload power. State and Federal incentive programs for purchasing and operating Ultra-Clean technologies such as DFCs make the technology an attractive alternative to traditional power generation systems.
As the industry leader in fuel cell technology, FuelCell Energy has been aggressively pursuing cost–reduction efforts in molten carbonate fuel cell power plants. The company also works closely with local governments to advance fuel cell technologies. States seeking to secure cleaner energy sources are legislating Renewable Portfolio Standards (RPS) to mandate that utilities provide a certain amount of their electricity from renewable sources such as solar, wind and fuel cells. Currently, 22 states have RPS laws on their books. In 5 states – Connecticut, Hawaii, Maine, New York and Pennsylvania – Ultra-Clean fuel cells operating on natural gas qualify as renewable. The Energy Policy Act of 2005 provides substantial financial incentives for fuel cell power plants. Specifically, it grants a Federal investment tax credit of 30% or $1,000 per kilowatt (whichever is lowest) of total project costs, as well as five-year accelerated depreciation. In California, the state’s Self Generation Incentive Program (SGIP) includes an $80 million annual allocation for renewable and Ultra-Clean distributed generation technologies, and has been extended through 2007. Our Direct FuelCell® (DFC®) power plants meet these emission requirements and qualify for the SGIP. In Connecticut, the Connecticut Clean Energy Fund (CCEF) is subsidizing 68 MW of new fuel cell power plants as part of its "Project 100" program which is encouraging the installation of 100 MW of new renewable energy-powered systems by state utilities. Internationally, the South Korea Ministry of Commerce, Industry and Energy instituted a green energy program in 2006 that is providing financial assistance for environmentally-efficient power systems such as fuel cells. In Japan, FuelCell energy received the government’s endorsement for DFC products operating on anaerobic digester gas. This was due to a favorable technical report on the performance and availability of the DFC power plant at a municipal wastewater treatment facility in the city of Fukuoka.
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