Renewable Energy Credits: Free Money for Distributed Energy Generators?
Company Donates Credits to Energy Workshop
FuelCell Energy Inc. donated emissions credits equivalent to 1,700 pounds of nitrogen oxide reductions and 4,800 pounds of sulfur oxides and other emissions reductions to Leonardo Academy Inc.'s Cleaner and Greener program. The credits represent 1,170 megawatt-hours of fuel cell power generated at the company's Danbury and Torrington, CT, locations.
The donation offsets emissions associated with the Energy 2004 Workshop and Exposition, which is sponsored by the US Department of Energy and co-sponsored by the US Department of Defense and US General Services Administration, and was held August 8–11, 2004, in Rochester, NY. Emissions associated with the conference include pollution from direct energy use during the event as well as indirect pollution related to such items as airline travel for the more than 1,300 attendees.
"The ability to trade emissions credits from an investment in ultra-clean technology can provide a powerful incentive to site fuel cell power plants as a means for utilities or energy-using entities to comply with air-quality standards," said Herb Nock, senior vice president of marketing and sales for FuelCell Energy.
According to workshop executive Ab Ream from the US Department of Energy's Federal Energy Management Program, the donation allowed the energy workshop to offset all of its emissions.