FuelCell Energy sells three power plants
FuelCell Energy, Inc. (Nasdaq: FCEL), manufacturer of 24/7, high efficiency, ultra-clean power plants for commercial, industrial and utility customers, said today that it sold three DFC300 power plants to Eastern Municipal Water District (EMWD) in California.
The power plants will supply 750 kilowatts (kW) of electricity needed to run the EMWD wastewater processing facility while reducing local greenhouse gas emissions by 10,400 tons annually.
The California Self-Generation Incentive Program will provide $3.375 million for this project through Southern California Edison. Alliance Power will serve as project manager and is expected to install the three power plants in the first half of 2008.
EMWD is in southern California's Moreno Valley and processes 11.5 million gallons of wastewater per day from 190,000 homes and businesses in the area.
Shares of FuelCell Energy (FCEL) edged up 2.36%, or $0.21, to $9.10 in pre-market trading. Shares of FuelCell Energy have been trading in the range of $5.84 to $10.57 for the past 52 weeks.
