Fuelcell Energy Inc (FCEL) announced today that it has finalized its award with the U.S. Department of Energy (DOE) for the three-year first phase of its Solid State Energy Conversion Alliance (SECA) program. Phase one is a $24 million Cooperative Agreement cost-shared by the DOE and the FuelCell Energy team, which includes Versa Power Systems, Materials and Systems Research Inc., Gas Technology Institute, University of Utah, Electric Power Research Institute, Dana Corporation and Pacific Northwest National Laboratory. Finalizing the award resolves open budget, scope and schedule issues. The goal of the SECA program is to accelerate the development of low-cost solid oxide fuel cells (SOFC), a key element of DOE’s commitment to developing clean, efficient, reliable and affordable power generation for virtually all markets. [ more ]
