FuelCell Energy and ExxonMobil Extend Agreement to Develop Carbon Capture and Hydrogen Production Technology

April 11, 2024
According to Jason Few, CEO and President of FuelCell Energy, the updated agreement will enable quicker access to the technology for commercial customers, particularly for small- to mid-scale opportunities

FuelCell Energy and ExxonMobil Technology and Engineering Company (EMTEC) have updated and extended their joint development agreement through December 31, 2026, to develop a technology to capture CO2 emissions from industrial sources while producing electricity and hydrogen. 

The technology is undergoing testing at a pilot project at Esso Nederland BV’s Rotterdam Manufacturing Complex and is expected to start up in early 2026. Manufacturing of the modules for the Rotterdam demonstration has started at FuelCell Energy’s facility in Torrington, Connecticut. 

The project is co-funded by the European Union under the Emissions Trading System Innovation Fund and the Netherlands Enterprise Agency through a Demonstration Energy and Climate Innovation (DEI+) grant.

The updated agreement will allow FuelCell Energy to market its original carbon capture technology and an improved version of the jointly developed design. The technology aims to improve the economics of carbon capture and potentially lower the barrier to broader adoption in the marketplace.

According to Jason Few, CEO and President of FuelCell Energy, the updated agreement will enable quicker access to the technology for commercial customers, particularly for small- to mid-scale opportunities. The technology has met or exceeded key technical performance criteria, highlighting the commercial possibilities for clean energy.

Additionally, both companies are planning to negotiate a commercial framework to deploy carbonate fuel cell technology for carbon capture. The companies will continue to engage the industrial emitter market, focusing on the value proposition offered by their technology.