Articles from FuelCell Energy, Inc.

DANBURY, Conn., Jan. 22, 2025 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a Connecticut-based global leader in delivering clean, innovative fuel cell solutions for the supply, recovery, and storage of energy, announced that it will build a 7.4 MW fuel cell power plant in Hartford, Conn. The project will deliver Class 1 renewable baseload power to the local grid in support of the state’s Renewable Portfolio Standard.

Fourth Quarter Fiscal 2024 Summary(All comparisons are year-over-year unless otherwise noted)

DANBURY, Conn., Dec. 11, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQFCEL) -- announced the upcoming release of its fourth quarter and fiscal year 2024 results prior to the Stock Market Open on Thursday, December 19, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, December 19, 2024, to discuss the results and provide a business update.

DANBURY, Conn., Nov. 15, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) announced a global restructuring of its operations in the U.S., Canada, and Germany that aims to significantly reduce operating costs, realign resources toward advancing the company’s core technologies, and protect the company’s competitive position amid slower-than-expected investments in clean energy.

DANBURY, Conn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced that a 1-for-30 reverse stock split of its issued and outstanding shares of common stock will become effective at 5:00 p.m., Eastern time, on November 8, 2024, and that trading of the Company’s common stock on a post-split basis on The Nasdaq Global Market is expected to begin on November 11, 2024.

DANBURY, Conn., Nov. 01, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced that it has closed on a project debt financing transaction with the Export-Import Bank of the United States (EXIM) for the company’s fuel cell projects with Gyeonggi Green Energy (GGE). This financing is part of EXIM's Project & Structured Finance program, which helps U.S. exporters compete globally in the natural resource and infrastructure sectors.

DANBURY, Conn., Oct. 22, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and Korea Hydro & Nuclear Power Co., Ltd (KHNP) announced that the two companies have agreed to jointly pursue hydrogen energy business initiatives and have signed a memorandum of understanding (MOU) outlining the possibilities.

(All comparisons are year-over-year unless otherwise noted)

DANBURY, Conn., Sept. 04, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) announced its participation in a discussion on “Scaling Critical Technologies in Hydrogen Production” at Investing in Green Hydrogen 2024 (IGH2024). IGH2024 on Sept. 2-3, 2024, at the Queen Elizabeth II Centre in London.

DANBURY, Conn., Aug. 27, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQFCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today announced the upcoming release of its third quarter of fiscal 2024 results prior to the Stock Market Open on Thursday, September 5, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, September 5, 2024, to discuss the results and provide a business update.

Company’s solid oxide electrolysis technology playing central role

DANBURY, Conn., Aug. 20, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced that it plans to hold a special meeting of its stockholders (the “Special Meeting”) on October 31, 2024 to consider and vote on a proposal to authorize the Company’s Board of Directors (the “Board”) to effect a reverse stock split of the Company’s common stock through an amendment to the Company’s Certificate of Incorporation, as amended.

Carbon is concentrated and captured, purified, and stored for later use in food and beverage production contributing to food security

Executives gather with Industry Leaders to Discuss Energy Transition, Enabling Technologies, and Introduce New Market GM

STORRS, Conn. and DANBURY, Conn., June 25, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and the University of Connecticut (UConn) have announced that UConn will use FuelCell Energy’s solid oxide fuel cell technology for its Innovation Partnership Building (IPB) at the UConn Tech Park on its Storrs Campus.

Second Quarter Fiscal 2024 Summary(All comparisons are year-over-year unless otherwise noted)

DANBURY, Conn. and HWASEONG-SI, Korea, May 28, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and Gyeonggi Green Energy Co., Ltd. (GGE), today announced that pursuant to a long term service agreement GGE has agreed to purchase 42 1.4-megawatt upgraded carbonate fuel cell modules from FuelCell Energy to replace existing fuel cell modules at the Hwaseong Baran Industrial Complex fuel cell power platform, the world’s largest fuel cell power platform, located in Hwaseong-si.

DANBURY, Conn., May 22, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQFCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today announced the upcoming release of its second quarter of fiscal 2024 results prior to the Stock Market Open on Monday, June 10, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Monday, June 10, 2024, to discuss the results and provide a business update.

LONG BEACH, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and Toyota Motor North America, Inc. (Toyota) are celebrating the grand opening of the first-of-its-kind “Tri-gen” system at the Port of Long Beach, California, today. Tri-gen uses biogas to produce renewable electricity, renewable hydrogen, and usable water, and was built to support the vehicle processing and distribution center for Toyota Logistics Services (TLS) at Long Beach, Toyota’s largest North American vehicle processing facility that receives approximately 200,000 new Toyota and Lexus vehicles annually.

Automotive and aerospace industry executive with deep expertise inadvanced manufacturing systems, scaling manufacturing, and technology

Continuing Strong Support for FuelCell Energy Platforms

Sewer District will use FCE’s energy delivery and emissions management platform to create clean electricity from onsite biofuel

DANBURY, Conn., April 08, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and ExxonMobil Technology and Engineering Company (EMTEC) have updated and extended a joint development agreement (JDA) governing the companies’ development of unique technology that captures CO2 emissions directly from industrial sources while producing electricity and hydrogen simultaneously. As a result, access to the technology could be accelerated for commercial customers.

DANBURY, Conn., March 19, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) is pleased to announce that Chief Technology Officer Tony Leo and Director of Solutions Engineering Brent Voelker will participate in sessions at Innovation Agora as part of the 2024 CERAWeek Conference taking place in Houston, Texas, this week.

First Quarter Fiscal 2024 Financial Summary(All comparisons are year-over-year unless otherwise noted)

DANBURY, Conn., March 01, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell technology to enable a world empowered by clean energy— today announced the upcoming release of its first quarter of fiscal 2024 results prior to the Stock Market Open on Thursday, March 7, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, March 7, 2024, to discuss the results and provide a business update.

DANBURY, Conn., Feb. 19, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a global energy delivery and emission management company, today announced the release of its 2023 Annual Report and its 2023 Sustainability Report. These reports reflect the company's ongoing commitment to accountability and sustainability in all aspects of its operations.

Fourth Quarter Fiscal 2023 Financial Highlights(All comparisons are year-over-year unless otherwise noted)

ROTTERDAM, Netherlands and DANBURY, Conn., Dec. 18, 2023 (GLOBE NEWSWIRE) -- ExxonMobil’s affiliate Esso Nederland BV plans to build a pilot plant at its Rotterdam Manufacturing Complex to test a breakthrough technology that could significantly reduce CO2 emissions from key industries. The pilot plant aims to obtain data on performance and operability of the carbonate fuel cell (CFC) technology, jointly developed with FuelCell Energy. Additionally, the pilot aims to address potential technical issues that may occur in a commercial environment and better understand the costs of installing and operating a CFC plant for carbon capture.

Clean energy company is leading the way in tax credit financing.

DANBURY, Conn., Dec. 12, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell technology to enable a world empowered by clean energy— today announced the upcoming release of its fourth quarter and fiscal year 2023 results prior to the Stock Market Open on Tuesday, December 19, 2023. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Tuesday, December 19, 2023, to discuss the results and provide a business update.

ZURICH, Switzerland, Nov. 28, 2023 (GLOBE NEWSWIRE) -- IBM and FuelCell Energy, Inc. (Nasdaq: FCEL) today announced they will work together to boost the performance of FuelCell Energy’s technology using Foundation Models, a form of generative Artificial Intelligence (AI). The aim of this collaboration is to support both companies’ efforts to lead a global transition to renewable energy sources that emit little to no carbon.

Company proudly embraces new “Make it Here” state campaign.

Project seeks to decarbonize asphalt production

DANBURY, Conn., and TORONTO, Oct. 17, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) is pleased to announce that Ontario’s Independent Electricity System Hydrogen Innovation Fund Award has been awarded to a project in which FuelCell Energy is playing a key role alongside Kinectrics and Bruce Power.

DANBURY, Conn., and LAGOS, Nigeria, Oct. 16, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and Oando Clean Energy Limited (OCEL), the renewable energy subsidiary of Oando Energy Resources (OER), a part of the Oando PLC group of companies, are pleased to announce the signing of a memorandum of understanding (MOU) to collaborate on the development of a 5 to 15-Megawatt (MW) power plant.

Third Quarter Fiscal 2023 Financial Highlights(All comparisons are year-over-year unless otherwise noted)

Conference Call on September 11, 2023 at 10 A.M. Eastern Time

Technical progress continues towards commercialization of carbonate fuel cell technology for carbon capture

Total of $20 Million in Senior and Subordinated Credit Facilities

Clean energy company enters agreements with Noeul Green Energy and Gyeonggi Green Energy

DANBURY, Conn., July 18, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) (the “Company” or “FuelCell Energy”) today announced that it plans to hold a special meeting of its stockholders (“Special Meeting”) on October 10, 2023 to consider and vote on a proposal to amend the Company’s Certificate of Incorporation, as amended, to increase the number of authorized shares of common stock of the Company from 500,000,000 shares to 1,000,000,000 shares.

Second Quarter Fiscal 2023 Financial Highlights

DANBURY, Conn., June 01, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell technology to enable a world empowered by clean energy— today announced the upcoming release of its second quarter fiscal year 2023 results prior to the Stock Market Open on Thursday, June 8, 2023. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, June 8, 2023 to discuss the second quarter results and provide a business update.

Led by Investec Bank plc; New Capital to Support Accelerated Commercialization of Hydrogen Fuel Cell Technologies

DANBURY, Conn. and ATLANTA, May 22, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and Chart Industries, Inc. (“Chart”, NYSE: GTLS) signed a Memorandum of Understanding (MOU) to develop opportunities to combine the companies’ complementary strengths in delivering reliable and efficient carbon dioxide (CO2) capture for use or sequestration, as well as generation and storage of gaseous or liquified hydrogen. FuelCell Energy brings its expertise in manufacturing two high-temperature electrochemical fuel cell energy platforms for decarbonizing power and producing hydrogen, while Chart is a leading global manufacturer of highly engineered equipment in the Nexus of Clean, which includes CO2 and hydrogen compression and liquefaction, and equipment for the entire supply chains of both molecules.

DANBURY, Conn., May 10, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) has announced that its Annual Meeting of Stockholders has been adjourned until May 22, 2023 at 1:00 p.m. EDT in order to solicit additional proxies and allow stockholders additional time to vote on the proposals set forth in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on February 17, 2023 (the “2023 Proxy Statement”). At that time, the Annual Meeting will be reconvened to vote on the proposals described in the 2023 Proxy Statement.

DANBURY, Conn., May 01, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) has received an order from ExxonMobil for long-lead fuel cell stack module equipment and engineering support required to implement a potential demonstration of modular point source carbon capture at an ExxonMobil facility. While ExxonMobil has not yet made a final investment decision, this order advances critical-path equipment procurement and module engineering work. The commercial demonstration project is anticipated to be a full scale prototype of the modules used in large-scale systems for industrial and commercial point source carbon capture applications.

First Quarter Fiscal 2023 Financial Highlights(All comparisons are year-over-year unless otherwise noted)

DANBURY, Conn., March 06, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell technology to enable a world empowered by clean energy— today announced the upcoming release of its first quarter fiscal year 2023 results prior to the Stock Market Open on Thursday, March 9, 2023. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, March 9, 2023 to discuss the first quarter results and provide a business update.

DANBURY, Conn. and KUALA LUMPUR, Malaysia, Feb. 16, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc., (Nasdaq: FCEL) and Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), a wholly owned subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (KLSE: MHB), have signed a memorandum of understanding to collaborate on the development of large-scale electrolyzer facilities in Asia, New Zealand and Australia. These facilities are being designed to dramatically increase the efficiency and reduce the cost of green hydrogen* production. Together, the companies expect to deliver electrolyzer equipment to make large-scale clean hydrogen production an easily accessible and viable energy option.

Fourth Quarter Fiscal 2022 Financial Highlights(All comparisons are year-over-year unless otherwise noted)

DANBURY, Conn., Dec. 19, 2022 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQFCEL) announced the completion of site construction and commencement of commercial operations (COD) for its project on the U.S. Navy Submarine Base in Groton, Connecticut on December 16, 2022. Achieving commercial operations of this project adds 7.4 megawatts to the Company’s generation operating portfolio, bringing the total to 43.7 megawatts, although the project will operate at approximately 6 megawatts during the first year of operation.

DANBURY, Conn., Dec. 16, 2022 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQFCEL) today announced that Alexandrea Isaac, Senior Counsel to the Company, has been appointed to the Department of Commerce Renewable Energy and Energy Efficiency Advisory Committee (“REEEAC”). The Committee is responsible for advising the Secretary of Commerce on the development and administration of programs and policies to expand the export competitiveness of US renewable and energy efficiency products and services.

DANBURY, Conn., Dec. 13, 2022 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell technology to enable a world empowered by clean energy— today announced the upcoming release of its fourth quarter and fiscal year 2022 results prior to the Stock Market Open on Tuesday, December 20, 2022. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Tuesday, December 20, 2022 to discuss the fourth quarter and full year results for fiscal 2022.

Modular platform optimized for low-cost production of clean hydrogen and power