DOE awards FuelCell Energy additional $8M for Phase 2 ARPA-E project with differentiated solid oxide platform
The US Department of Energy (DOE) has awarded FuelCell Energy $8 million in Phase 2 funding for the previously announced ARPA-E project for development of ultra-high efficiency SOFC systems for power generation (earlier post). This additional funding commitment from the DOE represents another key step in FuelCell Energy’s path to commercialize its high efficiency solid oxide technology. The multi-stack module that forms the core of the system is a modular building block that is scalable for larger systems.
The ARPA-E project, under the “Innovative Natural-gas Technologies for Efficiency Gain in Reliable and Affordable Thermochemical Electricity-generation” (INTEGRATE) program is developing system approaches to achieving ultra-high electrical efficiency (>70%) in SOFC power generation systems.
Carbon capture technology may be essential for the world to stay within the 2°C warming target outlined by the Paris Agreement. Although the deployment of this technology has begun to pick up in recent years, it is still a long way from the levels of scale-up needed to have a meaningful impact on climate change. Current technology for stripping CO2 from industrial gas streams or directly from the atmosphere remains costly and energy-intensive, and existing carbon capture facilities have struggled with downtime, keeping to CO2 capture targets, and managing costs.
In this climate, there are significant research efforts aiming to boost the effectiveness of CO2 capturing technology and facilitate deployment of what could be a vital technology in the fight against climate change. Carbon Capture, Utilization, and Storage (CCUS) 2021-2040 is a new report from IDTechEx analyzing the technical and commercial factors that could be key to the long-term success of carbon capture technolo
Shares of fuel cell companies Plug Power (NASDAQ: PLUG) and FuelCell Energy (NASDAQ: FCEL) are trading lower in sympathy with Ballard Power Systems (NASDAQ: .
Plug Power Inc (NASDAQ:PLUG) and
FuelCell Energy Inc (NASDAQ:FCEL) shares are trading lower by 7.7% and 6.5%, respectively, amid weakness in EV-related stocks for the session. The sector had a strong run going into 2021 and some names in the space have sold off amid profit-taking and earnings volatility.
Traders and investors in the clean energy manufacturing space are also watching for
Ballard Power Systems Inc (NASDAQ:BLDP) earnings results Monday after the bell.
Plug Power provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe.
The clean energy company focuses on proton exchange membrane fuel cell and fuel processing technologies, fuel cell and battery hybrid technologies and related hydrogen storage and dispensing infrastructure.
Carbon capture technology may be essential for the world to stay within the 2°C warming target outlined by the Paris Agreement. Although the deployment of this technology has begun to pick up in recent years, it is still a long way from the levels of scale-up needed to have a meaningful impact on climate change. Current technology for stripping CO2 from industrial gas streams or directly from the atmosphere remains costly and energy-intensive, and existing carbon capture facilities have struggled with downtime, keeping to CO2 capture targets, and managing costs.
In this climate, there are significant research efforts aiming to boost the effectiveness of CO2 capturing technology and facilitate deployment of what could be a vital technology in the fight against climate change. Carbon Capture, Utilization, and Storage (CCUS) 2021-2040 is a new report from IDTechEx analyzing the technical and commercial factors that could be key to the long-term success of carbon capture technolo