Contact

CHP Act Amendment Boosts Demand

By

May 9, 2016

Image titel:

Sources:

CHP Act Amendment Boosts Demand

FCES_E-World_web

This 4.3 m stack offers 400 kW

“Through the first six weeks of this year alone, we received more requests than during all of 2015,” Andreas Frömmel from German FuelCell Energy Solutions reported during the E-world 2016. That should come as no surprise: Large-scale fuel cell plants have gained in popularity ever since the German parliament amended the CHP Act at the end of last year and put the transition rules on paper (see New Rule for Fuel Cell Heating Systems). Plants ordered until the end of 2016 and built by the end of 2017 can still receive the full CHP benefits as per the CHP Act from 2012 – independently of their power output. This section of the law will benefit even megawatt-size power plants.

The biggest fuel cell module of the Dresden-based company costs EUR 1,500 per kilowatt of installed capacity. “This will make it possible to produce power below 10 cents per kilowatt-hour,” Frömmel, who is in charge of business development at FCES, said. Put into perspective: Production costs are at around a tenth of what owners of residential fuel cell heating systems have to pay per kilowatt-hour (see Fuel Cell Manufacturers Target Installers).

Advertisements

A fuel cell plant of about 1.4 MW capacity is scheduled to go online in mid-2016. It will be the biggest of its kind in Europe, according to the manufacturer. The new power plant is a project of E.ON subsidiary Connecting Energies and will be set up in Mannheim at Friatec, a manufacturer of corrosion-resistant materials. The fuel cell for the construction project will be supplied by FCES. The power plant is expected to provide 11.2 GWh of electricity as well as around 6,000 MWh of heat from natural gas for in-house use. This will cover around 46% of the location‘s total electricity demand. The electrical efficiency is at 47%.

These kinds of power plants could be operated under leasing, contracting and power purchase agreements (PPAs), Frömmel explained. He added: “The business model puts the technological risks squarely on our shoulders.” The US parent company has been managing around 110 plants worldwide, of which four are located in Europe and one in Germany. That will now change.

Author: Nils Hendrik Petersen

Kategorien: worldwide

Here are interesting and current articles on the topic of hydrogen – stocks and the stock market!

Economic prospects for companies in the hydrogen sector | Future, stocks & hydrogen companies on the stock exchange and more…

Which hydrogen companies will prevail in the competitive market in the long term? Get tips and cartwheels and learn more about risks or opportunities. Our stock market specialist and expert author Sven Jösting reports critically, independently and competently.

May 16 2024

New CFO for H-Tec Systems

Electrolyzer manufacturer H-Tec Systems underwent restructuring at the turn of the year and...
May 16 2024

One-man show continues to grow

Hydrogeit Verlag celebrates its 20th anniversary The Hydrogeit Verlag publishing house has been...
May 15 2024

Hydrogen for the post-coal era

Nuclear energy also to power electrolysis in Hungary In May 2021, Hungary published its national...
May 15 2024

Hüwener to lead OGE

Thomas Hüwener will become the new management spokesman for transmission system operator OGE from...
May 15 2024

Accelerating expansion and reducing hurdles

German government adopts power plant strategy It took a long time, but now it's here – the power...
May 15 2024

Brussels approves IPCEI projects

3rd funding wave for H2 infrastructure measures The decision has finally come. In mid-February...
May 15 2024

Apex becomes H2APEX

Apex, headquartered in Rostock, Germany, is continuing to make big strides forward in the hydrogen...
May 06 2024

Lübesse Energie wants to become a pioneer

Project realization despite Exytron bankruptcy Originally at the end of 2023, an “emissions-free...
May 02 2024

Bischof-Niemz appointed to Enertrag board

Project developer Enertrag has appointed Tobias Bischof-Niemz to the board. From the beginning of...
Apr 30 2024

“Cool, what you’re doing in Germany”

“Today is a good day for industry location Germany, climate protection and sustainable jobs in our...
Apr 30 2024

DWV shortens its name

As of January 2024, the DWV has a slightly shorter name. Instead of being called the German...
Apr 30 2024

Changes at CEP

New board, new members and a new structure – that’s the news in the latest press release from the...
Apr 18 2024

Plug Power – Price jumps with many questions

The Plug share price fell quickly to under 3 USD (2.50 USD at low) and then rose again to over...
Apr 17 2024

Siemens Energy – Light at the end of the tunnel

Siemens Energy is on the right track, as the latest figures show. Although the wind subsidiary...
Apr 17 2024

Nikola Motors – Outlook speaks for the company

The press conference in February 2024 on the fourth quarter results and the entire year 2023 and,...
Apr 17 2024

Hyzon Motors – Strong patent position

Hyzon Motors will start production of 200‑kW modules for commercial vehicles in the USA in the...
Apr 17 2024

FuelCell Energy – Carbon capture as a growth story?

FuelCell Energy has with SOFC fuel cell power plants built its own capacities for clean energy...
Apr 16 2024

Hydrogen economy gaining speed

Trade fair guide for Hannover Messe 2024 AI and hydrogen are the focus of this year's Hannover...
Apr 16 2024

Politicians with an open ear for hydrogen

Optimism at the H2 Forum in Berlin A good 450 participants gathered at the specialist conference...
Apr 16 2024

Gas producers are the winners of the H2 ramp-up

The major international gas companies such as Linde, Air Liquide and Air Products have always been...

0 Comments

Leave a Reply