Elemental Power Group, LLC Announces Connecticut Approval of the Cube Fuel Cell Project

BETHESDA, Md.--(BUSINESS WIRE)--Today, Elemental Power Group, LLC, a Maryland based renewable energy development company, announces the approval of the Cube fuel cell project under the Connecticut Clean Energy Fund “Project 150” renewable energy program.

“Fuel Cells have an advantage over other types of clean energy technologies in that they provide base-load power twenty-four hours a day for years inside the load pockets where the power is needed”

“The approval of the Cube project is a great milestone for EPG and for the state of Connecticut,” said Robert Babcock, President of Elemental Power Group. “Fuel Cells have an advantage over other types of clean energy technologies in that they provide base-load power twenty-four hours a day for years inside the load pockets where the power is needed,” Babcock said. “By showcasing this technology here, we can expand the deployment of these highly-efficient fuel cells into other urban areas where clean power is needed.”

When operational in mid-2010, the Cube project will provide 3.4 megawatts of quiet, clean, base-load class I renewable power directly to Connecticut Light and Power in urban southwest Connecticut, an area that has experienced electrical supply disruptions in the past. The project will provide enough power for approximately 2,600 homes 24 hours a day for 20 years under the contract approved by the state.

The fuel cell equipment will be provided by FuelCell Energy, Inc. of Danbury, CT and the project will inject approximately $20 million into the Connecticut economy during its construction. Cube will provide a further $2 million each year to the local economy in operating expenses, tax payments, and other purchases.

Project construction is scheduled to start in early 2010 with project completion in the third quarter of that year.

Elemental Power Group, LLC (“EPG”) is an independent developer of renewable energy projects located near Washington DC. EPG focuses its activities on non-wind renewable energy technologies, especially solar and fuel cell projects. Through its subsidiary company, EPG-Fuel Cell, LLC, EPG endeavors to identify locations, design, permit, contract, finance, build and operate fuel cell power plants in locations where such technology qualifies as a renewable energy resource.

Fuel Cells are one of the few truly “urban renewable” technologies that are commercially available and technologically proven. Running on a variety of fuels, fuel cells produce electricity electrochemically and without combustion. The lack of combustion means that there are practically no harmful emissions from fuel cell power plants and their emissions of carbon dioxide are dramatically reduced. This, coupled with their relatively small footprint, gives them great advantages in energy production over other renewable technologies in an urban environment. For more information on the company, and its activities, please visit on the web www.elemental-power.com.