Trinity College in Hartford, CT, is the latest institute of higher learning to ensure a steady and reliable source of power while saving on energy costs and reducing CO2. The college expects to save about 30 percent in energy costs per year with the installation of a 1.4 megawatt fuel cell power plant from FuelCell Energy. The combined heat and power (CHP) fuel cell plant will be located on campus and will generate a continuous supply of on-site electricity and steam.
On May 23, Doosan Corporation celebrated the completion of the construction of its new 10,744-square-meter fuel cell production facility at the second General Industrial Complex, Iksan-si, North Jeolla Province. The company invested about 40 billion won ($36 million) in building the facility. A fuel cell is an electrochemical device that converts hydrogen and oxygen into electricity and heat through a chemical reaction. Fuel cells are regarded as environmentally-friendly devices with high energy density resulting from their compact size, and high capacity utilization rates.
The Norway-based business entered into a non-binding term sheet to acquire the US-based hydrogen technology company. The acquisition is described as as “strong strategic fit”, with synergies related to sales and commercialization, product portfolio, research and development (R&D) and best practices across the combined company.