|[December 18, 2012]
WATT Fuel Cell Corp. Secures $100,000 in Funding from NYSERDA
PORT WASHINGTON, N.Y. --(Business Wire)--
WATT Fuel Cell Corp., a designer and developer of solid oxide fuel cell
(SOFC) systems, announces the award of a six-month $100,000 grant from
the New York State Energy Research and Development Authority (NYSERDA).
The funding will be used to asses the energy savings associated with the
company's proprietary process for manufacturing micro-tubular SOFCs.
According to WATT Fuel Cell director of technology Ben Emley, the new
"Single-Step Process," or SSP, enables the company to produce reliable,
high-quality SOFC components on a mass scale and at a lower cost than
industry competitors. "SSP eliminates the need for multiple production
steps, decreases capital equipment requirements and reduces the overall
energy necessary to make the finished product," said Emley.
"Focusing on product designs and technology platforms that lend
themselves to production at a realistic cost, and which operate on fuels
that the consumer can easily purchase, is key to the future success of
both the company and the industry at-large," said Dr. Caine Finnerty,
WATT Fuel Cell president. "Refining and employing the SSP will enable us
to improve the overall performance of our system while substantially
reducing cell manufacturing costs, which equates to a win-win for WATT
and the consumer."
According to Finnerty, establishing WATT Fuel Cell's research and
production facilities in New York State has buttressed te company's
growth in numerous ways, including by providing access to NYSERDA
"Locating WATT on Long Island has served us well on several fronts, and
we've undoubtedly benefited from the support of local politicians who
recognize that growing our company here translates into more 'green
collar' jobs for the region," Finnerty said. "We are also fortunate to
be able to capitalize on local resources at Stony Brook University and
Brookhaven National Laboratory, while additionally being able to connect
with a healthy investor base here."
NYSERDA provided funding to WATT Fuel Cell through its Innovation in the
Manufacturing of Clean Energy (News - Alert) Technologies program. The intent of this
program is to assist manufacturers of clean energy technologies in New
York State in using less energy in their production processes, while
also enhancing the viability of the clean energy tech sector in the
"NYSERDA is promoting not just clean energy technology itself, but the
ability for a manufacturer to develop new technology more efficiently,"
said Francis J. Murray Jr., NYSERDA president and CEO. "Projects such as
this one underscore Governor Cuomo's strong support of innovative clean
energy technology that benefits local communities by stimulating
economic development and job creation."
"WATT Fuel Cell is working toward an impressive green technology that
will be an asset to New York State, both economically and
environmentally," said Senator Jack Martins, member of the New York
State senate, representing the 7th district located in Nassau
County, New York. "WATT Fuel Cell is committed to bringing clean and
green, commercially viable energy solutions to the marketplace and
they're doing it right here in Port Washington. Through WATT Fuel Cell's
efforts, New York State and Long Island will continue blazing the trail
for clean energy technology."
WATT Fuel Cell Corp. (WATT) is a clean-tech company located in Port
Washington, N.Y. With a wide range of capabilities including the
fabrication of materials, components and sub-assemblies to support
state-of-the art solid oxide fuel cell (SOFC) technology, WATT focuses
on reliability, cost and fuel flexibility. The company uses a refined
additive manufacturing "CORE" (Cost-Optimized, Reliable-Energy) process
that enables WATT to lead the industry in cost-effective scale-up and
For additional information, visit www.wattfuelcell.com
or email email@example.com.
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