FuelCell Energy’s power plant sold to Japanese ceramics manufacturer

Danbury, CT, Dec. 19, 2005 — FuelCell Energy Inc., a manufacturer of ultra-clean and efficient electric power generation plants for commercial and industrial customers, announced the sale of a 250-kilowatt (kW) Direct FuelCell (DFC) power plant by its Asian distributor, Marubeni Corp., to NGK Insulators Ltd., a ceramics manufacturing company in Nagoya, Japan.

Best known in the U.S. as a producer of electrical insulators, NGK also holds substantial market share in automotive and industrial ceramics (such as spark plugs), ceramics components for electric and electronic equipment, power transmission and distribution products, and plant engineering services.

The DFC power plant is part of NGK’s goal to reduce carbon dioxide emissions at its three ceramics manufacturing facilities by 24 percent over the next five years. Medium-term targets are 0 percent increase from 2003 to 2006 and long-term targets are 7 percent less than 1990 by 2010. Total carbon dioxide emissions in 2003 were 166,000 tons, 17 percent higher than 1990. NGK expects that use of FuelCell Energy’s high efficiency DFC power plant in a combined heat and power application at its Nagoya ceramics kiln will significantly contribute to exceeding their corporate carbon dioxide emissions reduction goal.

The power plant will run on natural gas supplied by Toho Gas Co. Ltd, and will operate in parallel to the grid. It is scheduled to be up and running in early calendar year 2006. Financial details of the sale were not disclosed.

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