Enabling Wind, Solar, and Biofuel Energy using Hydrogen Presented at National Hydrogen Association Conference, May 4, 2010 FuelCell Energy, Inc. NASDAQ: FCEL Fred C. Jahnke Senior Manager, Hydrogen Programs Pinakin Patel Director of Special Systems and Resear
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Enabling Wind, Solar, and Biofuel Energy using Hydrogen Presented at National Hydrogen Association Conference, May 4, 2010 FuelCell Energy, Inc. NASDAQ:
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Enabling Wind, Solar, and Biofuel Energy using HydrogenPresented at National Hydrogen Association Conference, May 4, 2010
FuelCell Energy, Inc.NASDAQ: FCEL
Fred C. JahnkeSenior Manager, Hydrogen Programs
Pinakin PatelDirector of Special Systems and Research
Safe Harbor Statement
This presentation contains forward-looking statements, including statements regarding the company's plans and expectations regarding the development and commercialization of fuel cell technology. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. The forward-looking statements speak only as of the date of this presentation. The company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statements are based.
Overview
•Opportunity in renewable Energy– Wind, Solar need energy storage
•Hydrogen as Energy Storage– Renewable Hydrogen from biomass and wind
•FuelCell Energy DFC-H2 Technology– synergy with other technologies
Santa Barbara, Californiahttp://www.cecsb.org/index.php?option=com_content&task=view&id=61&Itemid=100&gclid=CIHo9MaimJ0CFUdM5QodLVRm2Q
First, it is generally the most economical source of renewable energy, competitive with and sometimes cheaper than electricity from fossil fuels and nuclear power. Good sites can produce wind power at eight to ten cents per kilowatt-hour (kWh) – even less when the federal tax credit is factored in. (By comparison, the cost of electricity from a new natural gas plant in California is ten to eleven cents per kWh.) Wind power is expected to become even more cost-effective as the industry develops larger turbines and the price of fossil fuels continues to rise, as it surely will in the long-term.
Second, we have enormous potential for wind power in this region. For example, the 97.5 megawatt (MW) wind farm recently approved near Lompoc could supply 285 gigawatt hours (GWh) a year -- about a tenth of our county’s current demand for electricity. In Santa Barbara County, wind power potential is much, much greater. Professor Dan Kammen -- chairman of UC Berkeley’s Energy Resources Group – and his graduate students, in a study performed for CEC, found potential for nearly 3,800 GWh of wind at onshore sites in the county. When adding the potential from offshore sites and small wind turbines, Kammen calculated a potential of 290,000 GWh. In other words, wind power in our region could theoretically produce over 100 times our current demand for electricity.
Wind Power is the Opportunity
• Wind Power is now rapidly expanding
New wind projects completed in 2008 account for about 42% of the entire new capacity added in the U.S. during the year, 8,800 MW of Powerhttp://en.wikipedia.org/wiki/Wind_power_in_the_United_States
Santa Barbara, Californiahttp://www.cecsb.org/index.php?option=com_content&task=view&id=61&Itemid=100&gclid=CIHo9MaimJ0CFUdM5QodLVRm2Q
First, it is generally the most economical source of renewable energy, competitive with and sometimes cheaper than electricity from fossil fuels and nuclear power. Good sites can produce wind power at eight to ten cents per kilowatt-hour (kWh) – even less when the federal tax credit is factored in. (By comparison, the cost of electricity from a new natural gas plant in California is ten to eleven cents per kWh.) Wind power is expected to become even more cost-effective as the industry develops larger turbines and the price of fossil fuels continues to rise, as it surely will in the long-term.
Second, we have enormous potential for wind power in this region. For example, the 97.5 megawatt (MW) wind farm recently approved near Lompoc could supply 285 gigawatt hours (GWh) a year -- about a tenth of our county’s current demand for electricity. In Santa Barbara County, wind power potential is much, much greater. Professor Dan Kammen -- chairman of UC Berkeley’s Energy Resources Group – and his graduate students, in a study performed for CEC, found potential for nearly 3,800 GWh of wind at onshore sites in the county. When adding the potential from offshore sites and small wind turbines, Kammen calculated a potential of 290,000 GWh. In other words, wind power in our region could theoretically produce over 100 times our current demand for electricity.
Texas Adjusts Its Grid for WindBy Kate Galbraith NYTimes Blogs“The major problem with wind as a power source is that it doesn’t blow all the time. To remedy that, Texas is spending $30 million a year to bolster its back-up power, in a change to the electricity grid that began on Nov. 1.”