UTC Power wins 4.8MW World Trade Center fuel cell bid

South Windsor, Conn.-based UTC Power was selected by the New York Power Authority (NYPA) to supply $10.6 million worth of fuel cell equipment for new World Trade Center towers in New York.

According to the agreement with the NYPA, UTC Power is to supply four 1.2 MW fuel cell systems, making it one of the largest installations in the world.

The fuel cells are to provide an on-site supplement to the planned wind power-purchase agreements the Port Authority finalized in late 2006, said the NYPA.

The first of the fuel cells is to be delivered to the Freedom Tower in January 2009 and under the agreement is to be owned and operated by the NYPA, the owner of the building. The tower is to be developed by the port authorities in New York and New Jersey, according to the NYPA.

NYPA, the largest state-owned electric utility in the U.S., said it financed the project through the sale of bonds and revenues earned largely through the sale of electricity.

Three others towers to receive UTC Power's fuel cell technology — 150, 175 and 200 Greenwich Street — will be developed by Silverstein Properties and owned and operated by World Trade Center Properties, an affiliate.

Earlier this year, UTC Power received a $33.4 million deal from Provo, Utah-based Raser Technologies (NYSE: RZ) for geothermal power systems (see Raser, UTC Power in geothermal systems deal).

In addition, the Connecticut-based company said it is to team with the U.S. Department of Energy for a $22 million fuel cell technology development project with the aim of developing low-cost, modular fuel-flexible solid oxide fuel cell systems by 2010.

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