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FuelCell Energy has inked a $37 million agreement to acquire Dominion Energy’s 14.9-MW fuel cell project in Bridgeport, Connecticut. The plant started operating in late 2013.
Among the largest of its kind, the plant features five cells and an Organic Rankine Cycle turbine that converts heat from the fuel cells to power. Connecticut Light & Power purchases the power produced by the plant. The transaction is expected to add revenue of more than $15 million per year to FuelCell’s financials and nearly doubles the Danbury, Connecticut–based company’s generation portfolio to 26.1 MW. The company’s long-term generation portfolio goal is 60 MW.