FuelCell Energy to acquire 14.9 megawatt Bridgeport fuel cell park from Dominion Energy
FuelCell Energy, Inc. announced Monday that it agreed to acquire an existing 14.9 megawatt (MW) fuel cell park in Bridgeport, Conn., from Dominion Energy.
FuelCell Energy developed, constructed and commissioned the fuel cell park in December 2013. It has operated and maintained it under a service agreement with Dominion Energy since it was commissioned.
FuelCell Energy plans to own and operate the plant as part of its generation portfolio.
“The purchase of the Bridgeport fuel cell park project from Dominion Energy is strategically important for FuelCell Energy,” Chip Bottone, president and CEO of FuelCell Energy, Inc., said. “We undertook the construction of this project in 2012 with the support of Dominion Energy, leading to substantial benefits for numerous stakeholders. Having been the operator of the Bridgeport fuel cell park for the past five years, we are uniquely positioned to acquire and benefit from this established project.”
The closing of the transaction is expected to occur on or before Dec. 31, subject to customary closing conditions and contingencies including closing third-party financing.
This acquisition will bring FuelCell Energy’s generation portfolio to 26.1 MW. The company also has 83 MW in new project awards and backlog.
