Effort targets greater carbonate fuel cell technology
ExxonMobil and FuelCell Energy officials said the firms have reached a new, two-year development agreement they said would result in enhanced carbonate fuel cell technology to capture industrial carbon dioxide.
“ExxonMobil is working to advance carbon capture technologies while reducing costs and enhancing scalability,” Vijay Swarup, vice president of research and development for ExxonMobil Research and Engineering Company, said. “This expanded agreement with FuelCell Energy will enable further progress on this unique carbon capture solution that has the potential to achieve meaningful reductions of carbon dioxide emissions from industrial operations.”
The agreement is worth up to $60 million and focuses on optimizing core technology, overall process integration, and large-scale deployment of carbon capture solutions.
Fuel Cell officials said the announcement underscores the company’s leadership position in fuel cell technology.
“We are excited to continue to work with ExxonMobil to tackle one of the biggest challenges that exists today,” Jason Few, president and chief executive officer of FuelCell Energy, said. “We have a great opportunity to scale and commercialize our unique carbon capture solution, one that captures about 90 percent of carbon dioxide from various exhaust streams while generating additional power, unlike traditional carbon capture technologies which consume significant power.”
Few said the endeavor serves as another step toward the large-scale deployment of the technology.
