FuelCell Energy said Tuesday it has been awarded a $3 million contract from the Advanced Research Projects Agency-Energy (ARPA-E) division of the U.S. Department of Energy, to advance the commercialization of cost-effective and clean long-duration energy storage. The project will further develop FuelCell Energy’s advanced solid oxide cell technology, capable of alternating between electrolysis and fuel cell power generation mode (reversible SOFC, or RSOFC) in an energy storage application, the company said in a press release.
RSOFC systems can produce hydrogen or other carbon-neutral fuels in electrolysis mode and later convert the stored fuel to power in electrolysis mode. This project was awarded under ARPA-E’s Renewable Energy to Fuels through Utilization of Energy-Dense Liquids (Refuel) program, the company said.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.