Dominion to develop 14.9MW fuel cell power generating facility in Connecticut, US
US-based energy company Dominion plans to develop 14.9MW a fuel cell power generating facility in Bridgeport, Connecticut as part of its renewable portfolio expansion strategy.
The company earlier acquired FuelCell Energy that owns the said development facility that converts natural gas into electricity by employing a reactive process.
Electricity produced at the facility will be purchased by the Connecticut Light & Power under a 15-year fixed power purchase agreement.
Dominion chairman, president and chief executive officer Thomas F. Farrell II said that the company is now working on the fuel cell technology to support the region's clean energy goals and also to develop the economic benefits for the State of Connecticut and the City of Bridgeport.
"The Dominion Bridgeport Fuel Cell is another important step in our efforts to identify and develop opportunities to produce clean energy that is reliable and cost effective.
"We are now adding fuel cell technology to our energy portfolio that already includes wind, hydro, biomass and, soon, solar," said Farrell.
The project is scheduled to be completed and operational in 2013.
Green Power BioPower Hydro Solar Wind
Energy Management Energy Efficiency Energy Infrastructure Energy Storage Transport Sustainability
TechNavio's analysts forecast the Global Small Lithium-ion (Li-ion) Battery market to grow at a CAGR of 13.17 percent over the period 2012-2016. One of the key factors contributing to this market growth is the cost-effectiveness of Li-ion batteries. The Global Small Lithium-ion Battery market has also been witnessing various technological advancements. However, the diminishing charging capacity of Li-ion batteries could pose a challenge to the growth of this market. TechNavio's report, the Global Small Lithium-ion Battery Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in the Americas, the APAC, and the EMEA regions; it also covers the Global Small Lithium-ion Battery market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this space include LG Chem Ltd., Panasonic Corp., Samsung SDI Co. Ltd., and Sony Electronics Inc. The other vendors mentioned in this report are Amperex Technology Ltd., Build Your Dreams (BYD) Battery Co. Ltd., China BAK Battery Inc., EVE Energy Co. Ltd., Shandong Heter Lampson Electronic Co. Ltd., and Tianjin Lishen Battery Co. Ltd. Key questions answered in this report: What will the market size be in 2015 and at what will be the growth rate? What are key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by key vendors? What are the strengths and weaknesses of each of these key vendors? You can request one free hour of our analyst’s time when you purchase this market report. Details provided within the report. Reports Buy online from $2500