FuelCell Energy Announces Major Clean Fuel Fund Support for eFuel Projects in Canada

FuelCell Energy Announces Major Clean Fuel Fund Support for eFuel Projects in Canada.

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.

Jason Few, President & CEO of FuelCell Energy said:

These projects align perfectly with our mission to provide advanced, sustainable energy solutions to the world and will demonstrate the differentiated capabilities of our solid oxide platform to leverage nuclear power at 100% electrical efficiency, and the practicality and scalability of our technology.

He added, “Canada’s commitment to innovation and environmental responsibility resonates with our core values, and we are proud to contribute our solid oxide electrolysis technology to these groundbreaking synthetic fuel endeavors.”

FuelCell Energy’s solid oxide products offer compelling advantages in synthetic fuel production. Among them is the high electrical efficiency of its electrolysis platform, which can provide more kg’s of hydrogen per kW of nuclear electric power input. This results in more synthetic fuel production with better economics, plus the ability to integrate the electrolysis platform thermally with other parts of the process to increase the efficiency even further.

The Projects

The first of the two CNL projects will evaluate the economic viability of producing synthetic diesel fuels using synthetic gas generated from biomass gasification combined with hydrogen that was produced by solid oxide electrolysis. The project will evaluate the feasibility of suitable sites for the construction of a plant to create 550 barrels per day of synthetic fuel using biomass and hydrogen from solid oxide electrolysis.