NEWS
FuelCell Energy Announces Major Clean Fuel Fund Support for eFuel Projects in Canada
DANBURY, Conn., Aug. 22, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc., (NASDAQ:FCEL), a global leader in sustainable energy technologies for the delivery of energy and emissions management, announced that a $5.9 million CAD grant from Natural Resources Canada's Clean Fuels Fund (CFF) will finance two projects utilizing its electrolyzer technology to produce synthetic fuel (power-to-liquid (PtL)) or "eFuel."
These innovative projects are being carried out with Canadian Nuclear Laboratories (CNL), Expander Energy Inc., Nuclear Promise X, and St. Marys Cement and are focused on producing low-carbon-intensity synthetic diesel fuels using zero-carbon hydrogen that will be produced by leveraging nuclear power, and FuelCell Energy's Solid Oxide electrolysis platform.
PtL or Synthetic drop-in ready eFuels can be used as a replacement to, or blended into, current fuels such as gasoline, diesel, heating oil and other conventional fuels offering an immediate and substantial impact on emission reduction. Since eFuels are CO2 neutral, they can be an effective decarbonization solution for sectors like transportation, high grade heat applications, or residential and commercial heating where conventional fuels are used today just to name a few examples.
These innovative projects are being carried out with Canadian Nuclear Laboratories (CNL), Expander Energy Inc., Nuclear Promise X, and St. Marys Cement and are focused on producing low-carbon-intensity synthetic diesel fuels using zero-carbon hydrogen that will be produced by leveraging nuclear power, and FuelCell Energy's Solid Oxide electrolysis platform.
PtL or Synthetic drop-in ready eFuels can be used as a replacement to, or blended into, current fuels such as gasoline, diesel, heating oil and other conventional fuels offering an immediate and substantial impact on emission reduction. Since eFuels are CO2 neutral, they can be an effective decarbonization solution for sectors like transportation, high grade heat applications, or residential and commercial heating where conventional fuels are used today just to name a few examples.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Spread kindness and love. Life is short. Don’t let greed eat you.
1256Followers
76Following
8836Visitors
Follow
Papanice9167 : So what? Junk companies lose stock prices and lose investors
Jaguar8 OP Papanice9167 : Are you asking me?
Papanice9167 Jaguar8 OP : FCEL , very disappointed