FuelCell Energy Archives | Be Korea-savvy
POSCO Energy Files $800 mln Suit Against U.S. Firm over License Deal

POSCO Energy Files $800 mln Suit Against U.S. Firm over License Deal

SEOUL, Oct. 9 (Korea Bizwire) — POSCO Energy, a wholly owned energy unit of South Korean steelmaker POSCO, said Friday it has filed a 922 billion-won (US$800 million) claim against U.S.-based FuelCell Energy for damages involving their license deal. On Wednesday, POSCO Energy filed the suit with the International Court of Arbitration of the International [...]

FuelCell Energy Successfully Raises Capital to Advance Business Goals

FuelCell Energy Successfully Raises Capital to Advance Business Goals

DANBURY, Conn., Oct. 7 (Korea Bizwire) — FuelCell Energy, Inc. (Nasdaq: FCEL), a global leader in fuel cell technology utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy, announced that, between June 2020 and October 2020, it raised approximately US$177.35 million in gross proceeds from multiple offerings of its [...]

FuelCell Energy’s 20 Megawatt Fuel Cell Park Exceeded All Performance Expectations at Korea Southern Power Company (KOSPO)

FuelCell Energy’s 20 Megawatt Fuel Cell Park Exceeded All Performance Expectations at Korea Southern Power Company (KOSPO)

DANBURY, Conn., March 25 (Korea Bizwire) – FuelCell Energy, Inc. (Nasdaq: FCEL), a global leader in fuel cell technology focused on utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy, provided an update on the performance achievements of the 20 megawatt Korean Southern Power Company (KOSPO) fuel cell park built in [...]

Significant On-Site Progress on CMEEC / U.S. Naval Submarine Base Project Connecticut Green Bank Provides Additional Financing

Significant On-Site Progress on CMEEC / U.S. Naval Submarine Base Project Connecticut Green Bank Provides Additional Financing

DANBURY, Conn., Dec. 20 (Korea Bizwire) – Today, FuelCell Energy, Inc. (Nasdaq: FCEL), a global leader in delivering clean, innovative and affordable molten-carbonate fuel cell solutions, outlined the significant construction progress it has made to-date, the expected delivery schedule and the current financing approach for the CMEEC Fuel Cell Micro-Grid Project on the U.S. Naval Submarine Base in [...]

FuelCell Energy Inc. Announces New $200 Million Strategic Corporate Loan Facility with Orion Energy Partners

FuelCell Energy Inc. Announces New $200 Million Strategic Corporate Loan Facility with Orion Energy Partners

DANBURY, Conn., Nov. 6 (Korea Bizwire) — Today, FuelCell Energy, Inc. (Nasdaq: FCEL), a leading clean energy company, announced a new, 8-year $200 million strategic corporate loan facility with Orion Energy Partners.  The Company is planning to leverage the initial October/November 2019 draws totaling $80 million to primarily support execution of certain projects within the Company’s $2 [...]

ExxonMobil, FuelCell Energy Expand Agreement for Carbon Capture Technology

ExxonMobil, FuelCell Energy Expand Agreement for Carbon Capture Technology

IRVING, Texas and DANBURY, Conn., Nov. 6 (Korea Bizwire) — ExxonMobil and FuelCell Energy, Inc. said today they have signed a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities. The agreement, worth up to $60 million, will focus efforts on optimizing [...]

FuelCell Energy Announces End of Engagement with Huron Based on Progress

FuelCell Energy Announces End of Engagement with Huron Based on Progress

DANBURY, Conn., Nov. 5 (Korea Bizwire) – FuelCell Energy, Inc. (Nasdaq: FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced that based on the progress made by the Company, the Board ended the engagement with Huron and the restructuring services being provided effective [...]

FuelCell Energy Announces 20 Megawatt Fuel Cell Project with Korea Southern Power Company

FuelCell Energy Announces 20 Megawatt Fuel Cell Project with Korea Southern Power Company

DANBURY, Conn., Sept. 5 (Korea Bizwire) — FuelCell Energy, Inc.  (Nasdaq:FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced a 20 megawatt fuel cell project with Korea Southern Power Company (KOSPO).  The SureSource 3000™ power plants will cleanly produce electricity and [...]

FuelCell Energy and Korean-based POSCO Energy Announce Strategic Agreement to Globalize the Stationary Fuel Cell Market

FuelCell Energy and Korean-based POSCO Energy Announce Strategic Agreement to Globalize the Stationary Fuel Cell Market

DANBURY, Conn., Mar. 21 (Korea Bizwire) — FuelCell Energy, Inc.  (Nasdaq:FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced a memorandum of understanding with partner POSCO Energy to use an existing FuelCell Energy subsidiary to directly develop the Asian fuel cell [...]