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FuelCell Energy and Enbridge Inc. Enter into Ageement for Hybrid Power Plant

Enbridge Inc. (NYSE:ENB;TSX:ENB), a leader in energy transportation and distribution in North America and internationally, and FuelCell Energy, Inc. (NasdaqNM:FCEL), a leading manufacturer of fuel cell power plants for commercial and industrial customers, have entered into an exclusive product development and distribution agreement for a new multi-megawatt product, the Direct FuelCell – Energy Recovery Generation(TM) (DFC-ERG(TM)), specifically designed for natural gas pipeline applications in the U.S. and Canada. The DFC-ERG power plant is a combined cycle generation system that combines a Direct FuelCell (DFC) power plant and an unfired expansion gas turbine for natural gas pipeline letdown stations where pressure reductions are required for local delivery. The DFC-ERG provides the heat necessary to prevent freezing that results in the pressure reduction process at these locations, eliminating the combustion-based system that is presently used today. There are hundreds of these type stations across North America, which are typically in areas with large commercial and industrial customers and/or in large cities. This new product is a way to recover energy from pipeline operations that normally is not currently recovered and to improve on the DFC power plants’ already unmatched efficiencies and emission reduction benefits. Because it is a combined cycle power plant, […]

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GreenFuel Secures $2.38 Million in Bridge Financing

GreenFuel Technologies Corporation, a privately held company providing emissions-to-biofuel conversion services to power plants and industrial facilities, has secured $2.38 million in bridge funding from a syndicate of investors. The financing will be used to help the company continue on its development path as it secures a Series B round of investment capital. “If GreenFuel’s technology can be economically deployed at utility-sized power plants on a large scale, it will be one of the more important innovations in both energy supply and air pollution reduction in recent years,” commented Jim Levitt, investor and conservation and land use expert. reenFuel’s mission is to utilize its suite of proprietary advanced biotechnologies to profitably transform exhaust gases from power plants and industrial sites into renewable biofuels, worldwide. The company’s patent-pending system is linearly scalable, produces no harmful byproducts, and is compatible with untreated water supplies. GreenFuel is presently negotiating facility installations domestically, as well as internationally. Funded in part by lead investor Access Industries, a global private equity investment group, GreenFuel is headquartered in Cambridge, MA. Website: http://www.greenfuelonline.com     

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