(EIN News Desk, 3/14/17)
FuelCell Energy, Inc., a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced the approval of a $5 million credit facility from the Connecticut Green Bank. This credit facility will support a previously announced utility scale power project in Danbury, Connecticut that will showcase industry leading electrical efficiency, enabling utilities to affordably and cleanly solve power generation challenges in land-constrained areas.
“The Danbury fuel cell project is a great example of Connecticut innovation at work,” said Bryan Garcia, President and Chief Executive Officer, Connecticut Green Bank. “Our ongoing collaboration with FuelCell Energy, and this project in particular, creates a triple-win for the state; increasing power reliability, grid resiliency, and of course, economic development in Connecticut.”
“Our Connecticut-based team of scientists, engineers and manufacturing technicians are focused on addressing power generation challenges globally, and receiving the support of the Connecticut Green Bank for a project in our local market is very gratifying,” said Chip Bottone, President and Chief Executive Officer, FuelCell Energy. “Our distributed generation solutions, such as this high efficiency power plant project, address energy, environmental and economic policy goals of utilities and governments.”