FuelCell Energy, based in Danbury, Connecticut was generally pleased
with the United States Energy Bill provisions. The company pointed out that the new bill provides for a 30 percent investment
tax credit, up to $1000 for each kilowatt for the purchase of fuel cell power plants. The company calculated that the savings
works out to be somewhere in the order of 1.5 to 2.0 cents per killowatt-hour or effectively a 20 to 25 percent cost reduction
for those that purchase its Direct Fuel Cell power plants.
Other provisions of the Bill that the company noted include a production
tax credit of 1.5 cents per kWh for fuel cell power plants that operate on biomass renewable fuels as well as $2 billion in
spending over the next five years for fuel cell R&D, $1.3 billion for hyrdrogen and fuel cell demonstration projects and
$450 million for fuel cell transition programs.
