ExxonMobil Technology and Engineering Company has extended the term of FuelCell Energy’s joint development agreement.
The agreement will allow the companies to continue working together to bring fuel cell carbon capture and storage technology closer to commercialization, as well as to investigate market applications in three areas:
- Continue to develop technology to better understand the operating envelope of fuel cells for various carbon capture applications.
- Complete technology readiness in preparation for a possible deployment of the technology in a carbon capture fuel cell module demonstration at an ExxonMobil facility.
- Conduct a joint market study to identify application opportunities, commercialization strategies, and potential partners for industrial carbon capture application demonstrations.
“Extending the scope of our long-standing agreement is evidence of ExxonMobil and FuelCell Energy’s joint desire to accelerate commercial deployment of differentiated fuel cell carbon capture technology,” said Jason Few, CEO of FuelCell Energy. “We are excited to build on the recent achievement of a key technical milestone as we advance toward the goals of a carbon capture demonstration and, ultimately, full scale deployment. We believe carbon capture is an essential requirement toward achieving global climate objectives.”
“We are extending our agreement with FuelCell Energy to continue joint development of a novel technology that may accelerate deployment of carbon capture in industrial sectors,” said Prasanna Joshi, Vice President of ExxonMobil Technology and Engineering Company. “Carbonate fuel cell technology is part of our lower-emissions research and development portfolio as we look to identify commercially scalable technologies that can help reduce greenhouse gas emissions from vital sectors of the economy in support of a net-zero future.”
