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(Stands for Fuel Cell Enabling Technologies)

Who we are and what were up to Markets we envision Partnering opportunities

First of all, whats a fuel cell?

Fuel cells produce electricity very efficiently2 times as much as gas turbines using the same amount of gas Fuel cells have 3-layerswith the middle layer being an electrolyte (like a battery)but fuel cells use external fuel (unlike a battery) and dont run down No fuel cell burns fuel; the reaction is catalytic

Different types of fuel cells have different structures & operating temperatures and are for diverse uses

Its important to know that there are different types of fuel cells

Two examples:

Polymer Membrane: for automotive power Molten Carbonate (e.g. Fuel Cell Energy)plus some othersbut FCET focuses on SOFCs:

Why Solid Oxide Fuel Cells (SOFCs)? because we can use patented C3 thin film ceramic technology that is unique to FCET SOFCs are also called ceramic fuel cells because their central electrolyte layer is made of solid ceramic

So, whats the big deal about fuel cells?

Energy conservationwhen fuel cells convert fuel to electricity, they waste less energy than any other method Other ways of producing electricity (such as steam turbines) burn fuel (coal or gas) to make electricity and this is less efficient than catalytic oxidation Fuel cells drastically reduce (and can even eliminate) carbon gas emissions Fuel cells can be small or large (they are scalable)

What about solid oxide fuel cells makes them especially appealing?

Fuel-Flexible: can use fossil-fuels such as natural gas (dont need pure hydrogenbut can run on biogas or hydrogen) Produce very low carbon emissionseven with fossil-fuels (but emit only water & electricity from hydrogen) Operate very quietly (unlike noisy generators) Are independent of (but compatible with) the utility grid

Stationary electrical generation at point-of-use (households, hospitals, factories, etc.)this is also called distributed power

But all these companies face one major obstacle that they havent overcome: High Costs

For the market to grow, all the companies in the hunt must lower costs in order to supply electricity at competitive rates The goal: equal price to electricity from the grid
DOE says this is $400/Watt Commercial SOFCs are at about $1000/Watt

SOFCs operate @ high temperatures (up to 1000 C): this is extremesteel glows red-hot High temperatures = high cost of electricity

Why is high temperature a problem?

Expensive & exotic materials must be used in order to withstand such a severe environment Rugged materials are hard to fabricate and form Manufacturing yield is low (mfg. scrap rate is high) Corrosion of metals occurs quickly under high temperatures & severe conditions (oxidation/reduction) Operating-life is compromised & long-term reliability is hard to achieve

Which brings us to FCET

FCET is an acronym for Fuel Cell Enabling Technologies, LLC FCET uses a patented C3-method to make very thin films (< 1 micron) of metal oxides in SOFCs This unique method for making thin films can enable SOFCs to overcome the biggest obstacle that they face

Partnering Opportunities

Investing Opportunities *
Strategic Partner Opportunities

* This presentation is not a solicitation for purchasing securities.

For More Details

Contact Paul Fisher at 330-730-8750 to set up an appointment