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How long to build and start up, anybody have a clue. Thanks
I'm a little bit disappointed in learning that this is 2.8 MW. The initial story referenced 13.4 MW.
FuelCell Energy Technology to be Used in Sacramento Wastewater Biofuel Clean Energy Project
Mentioned: FCEL
Sewer District will use FCE's energy delivery and emissions management platform to create clean electricity from onsite biofuelGlobeNewswireApril 11, 2024
DANBURY, Conn., April 11, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), announced that its carbonate fuel cell technology will be used in a biogeneration project developed by Ameresco for the Sacramento Area Sewer District (Sacramento Sewer) to convert on-site biofuel into clean electricity. One of the company's 2.8-Megawatt carbonate fuel cell platforms, which produces power and useful heat from biogas and has the potential for future production of renewable green hydrogen, will be deployed on the project.
The company also said that it has entered an agreement to provide comprehensive maintenance services for the fuel cell system, which will ensure that Sacramento Sewer can focus on its mission of protecting public health and the environment while delivering renewable power from the cleanest technology available.
Jason Few, FuelCell Energy's CEO & President, commented, "FuelCell Energy's patented power platforms are unique in their ability to run on on-site biogas without combustion, and they help community facilities like SacSewer produce efficient, clean, and continuous electricity with reduced operating expenses. Plus, the community benefits from reduced greenhouse gas emissions and less pollutants."
He added, "FuelCell Energy's technology is also helping local governments meet their sustainability goals by minimizing or avoiding the use of combustion-based boilers for heat, while boosting their resiliency and limiting their dependence on the local grid."
FuelCell Energy has been doing business in California since 2005 and has partnered with several government entities seeking to provide clean energy to their communities through innovative platforms. This includes three other installations that have been successfully running on biogas in Riverside, San Bernardino, and
SMELLS LIKE MONEY!
Yes! It is FCEL! Confirmed!
This is a MAJOR project IMHO because it is TRIGEN and it is replicable in every major city.
Huge for esablishing H2 filling stations for trucking infrastructure, IMHO.
Here is the link:
https://www.bizjournals.com/sacramento/inno/stories/news/2024/04/08/sacsewer-ameresco-cogeneration-methane.html?ana=RSS&s=article_search
" All of the sewage treatment for the region of 1.6 million people is handled at SacSewer's EchoWater plant near Elk Grove. The sewer district collects sewage on a regional basis from other districts.
Ameresco has been building plants for 24 years.
The EchoWater plant will use fuel cell technology from FuelCell Energy Inc. (Nasdaq: FCEL), headquartered in Danbury, Connecticut.
“Capturing and repurposing biogenic methane that is already in our environment and produced by society, to displace fossil fuel is a powerful example of the circular economy in action, where waste is not discarded, but turned into a valuable asset,” Bakas said.
The EchoWater plant can be expanded to produce hydrogen in the future. "
Good one Johnny, and Ameresco Mark Feasel connections
From Ameresco website when Mark Feasel was with Schneider Electric before joining FCE
https://www.ameresco.com/what-electrification-of-transportation-and-buildings-means-to-microgrids-interview/
Microgrid Conference April 22, 2024
Advisory Council members Mark Feasel FCE Chief Commercial Officer and Mike Bakas Ameresco VP Energy Assets
https://www.microgridconferences.com/2024
I am hopeful.
Here is communication between Ameresco and FCEL one year ago. Check out the message from FCEL. Fingers crossed!
https://www.linkedin.com/posts/ameresco_netzero-cleanenergy-sustainable-activity-7025157570201833472-Edx_
True that Johnny. The Sacramento Area Sewer District (SacSewer) is the Sacramento region’s largest sewage collection, treatment, and resource recovery utility–providing service to more than 1.6 million people.
"We [SacSewer] are the second largest sewage collection utility in California, and we own and operate the second largest water resource recovery facility of its kind in the nation—the EchoWater Resource Recovery Facility located near Elk Grove.
https://www.sacsewer.com/in-the-news/sacsewer-enters-140m-contract-to-build-a-biogas-energy-facility-near-elk-grove/
**************************
Wastewater treatment facilities need to be this large to make putting a fuel cell on it feasible. All elements of Tri-gen including expansion to produce hydrogen.
Sounds like TriGen to me - but time will tell.....
https://hydrogen-central.com/ameresco-begins-construction-of-biogas-cogeneration-project-in-sacramento-california-expandability-to-produce-hydrogen-in-the-future/
Ameresco begins construction of bio-gas cogeneration project in Sacramento CA
Is FCE involved? Paragraph 2
https://fuelcellsworks.com/news/ameresco-begins-construction-of-biogas-cogeneration-project-in-sacramento-california/
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courtesy of Thomask88
8k Registration Open Market Sales Agreement ATM
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000886128/6d29181e-2744-40d4-a08b-5ec8d222fe65.pdf
Fact- The market has no tolerance for companies with weak fundamentals. In a day like todaywhen the DJIA was down 1.09%, the S&P was down 1%. FCEL was down 4%.
FCEL can ill afford to have comparative declines 4x greater than the DOW and the S&P.
What this demonstrates is its not willing to accept " possible" but unevidenced potential as a factor in the px of shares of these companies.
Bulls will taut the " possibles" or talk up " creative potential" But they can't place it in the reports and it surely doesn't show up in the financials and thus not in the sh/px
Decades of consecutve losses and most recently a 55% drop in sales quarter to quarter cements the markets and analysts conviction that the company , thus the stock, is not going far.
It simply has nothing to show for 20 years of effort.
Professional Analysts have had it right for over 3 years while the tauters can only provide EXCUSES and PROMISES.
Common sense dictates stay clear of the pushers and place your bet with credible analysis.
The good news is that it didn't close below $1.15 which shows some resilience. I'd be more enthused if it continues to hold there . That's technical.
Market getting pounded today. If it's not 1 thing it's another. COVID, inflation, rising interest rates, government shut down, more inflation and rising rates, supply issues, and FCE manages to beat estimates 3/4 times in last year. Several new MOUs, projects going into operations or up to full operations, Plug issued a going concern when we were on the rise, there goes that gain. Finally PORTHOS CC project announcement, Issues with 45V, renewed concerns about sticky inflation, Exxonmobil renewed and expanded the joint development agreement. Growth projections remain as stated for the last year, $300M In 2025 and $1B In 2030. Recurring revenue increased from $7.5M per year in the spring of 2019 to now $63M. There's not one thing anyone can identify that will definitely significantly negatively impact the company moving forward. There can be speculation just like the speculation and how the company will prosper. The factoring in the developments worldwide favoring our technologies in the near term and long-term future, far outweigh the skepticism. Bears commenting the company will never reach profitability would be the only justified reason, But that must include speculation 45V will not end up having any positive impact on the company. Carbon capture will not move forward, Our sales will not increase and we will not end up building or using the 400 megawatt manufacturing facility in the planning stages. There's more negative things that must actually become reality than there are positive things that need to become reality in order for the company to prosper. As Darren Woods has stated repeatedly, The incentives are great to try to get the ball rolling, But if carbon capture in some of these other technologies are actually going to become affordable and a profitable, companies are going to need to invest and the carbon tax is crucial. Canada already has a carbon tax And we are already connected and allocated work in Canada. We are well established in South Korea plans to expand that significantly in the near term, fiscal year 24. I say repeatedly companies substantially undervalued at anything under $3. This will rise much faster than it fell. And it will ultimately surpass a $10B market cap without selling 500 million shares. In my opinion without being a financial advisor, You will never see a share price anywhere near $2 beyond 2024, let alone anything below it. I highly recommend to anyone considering investing especially a large amount of money, Do extreme diligence for a few days and it will be an easy decision. In fact they've made substantial improvements at branding and updating their website. They actually made it easy. If you read the entire website and read all the news updates and filings from the last two years it will be crystal clear. TICK TOCK! PS They have $300M +in cash and are seeking a low interest loan from the Department of Energy to build a 400 megawatt manufacturing facility. Although they could use $100M cash and still have more than enough money to fund operations for 4 quarters but they will not do that. They have 500 million shares to sell if they need to raise money. They will not run into financial issues or need to issue a going concern even if they build the 400 megawatt manufacturing facility expand the MCFC run rate to 100 megawatts and expand Canada to 80 megawatts. And of course they don't need to do that unless they have orders. The incentives for hydrogen have not even begun to kick in. Policymakers are focused on streamlining the process what's these projects are being awarded. If we are going to hit $300M revenue in 2025, we're going to need sales in 2024. My guess is a nice chunk of that comes from South Korea. Does anybody think the company needs to be profitable in order for shareholders to benefit? Tesla broke well over $100 when they were losing billions, long before profit, And when there was a question as to whether or not they would ever be profitable. FCE hit $29.44, with not one single bit of good news. Every argument the Bears have ever had is weak at best. It's simply a matter of time, HENCE TICK TOCK!!!!!!
H, True that.
It certainly feels like things are about to move forward....
Clearly, every investor would love for these new relationships to evolve in weeks or months. MHB was actually established I believe before Chart Industries without looking back. The fact is we don't know what MOUs are progressing and if so at what level or stage. I understand they can't update us on every change or they would be updating us weekly on a bunch of different things some good and some bad. Which is why the SEC has requirements for things that do need to be reported. They can't choose if they're updating on everything to only update the positive which means they were dead then also have to update on the negative. And we know they don't need that right now. Look back just one to two years ago and where they were with branding marketing sales existing relationships and new relationships. Today is leaps and bounds in a much better place. I only expect it to get better at the same rate or faster moving forward. Nurturing the existing relationships having that one point of contact and obviously developing new relationships is going to ensure a reputation and growth
Guess not. You're still Holding it !
Some people just don't listen.
Anyone owning shares in FCEL for 20 years and has a $1.14 stock to show for it, needs to answer the question:
"What was I thinking" ?
H to me its all about pay for performance. VP of Strategic Partnerships...is FCE about to get some partnerships? Yes, having a point man is important for all aspects of the many questions and issues that may arise, both entering into and after the creation of partnerships.
In a recent X (twitter) Taste the Difference: FuelCell Energy Offering Samples of CO2 for Food and Beverage Customers it was stated: "FuelCell Energy is currently in late-stage negotiations with a variety of customers, said Lindsay Cole, Sales Director for food and beverage.
However, in the same twit it stated "If you want one of the first tastes of FuelCell Energy’s fresh CO2, you'll be able to visit the company’s manufacturing plant at the end of Technology Drive in Torrington, Conn., next year-- so the message is muddy. Additionally, the Chart Industries MOU for CO2 use in beverages was in May 2023...we are coming up on a year now.
Lisowski's position would suggest he would be point man for Drax Group and Alberta Innovates Corp also....right?
A close below $1.15 means HOLD OFF buying until the px stabilizes. That's the technial picture!
Examining the fundamentals, there's no justification to BUY at all; as there are no fundamentals to base a purchase on except wishful thinking.
The technical picture is intact but overall market sentiment ( disappoinment in the CPI and reversal in thinking about reducing rates) could hold the stock back. If it does, it'll need to stabalize at a lower price before it resumes it's near term positive pattern.
Yes, some people seem to interpret it as a bad thing, But I did not. Seems pretty clear He needed to resign from his current position in order to be accepted or offered the other. The partnership position is very intriguing. Obviously it's vital to maintain positive relationships with your partners. Some people would see that as a waste of money, But I do not. That's professionally building a business. Although right now some don't see it, I see this company having an impeccable status in the not too distant future. Following the company for 20 years not too distant to me might be different to others. So I'll specify by 2030 or sooner. By that time share price will have far exceeded most people's expectations.
talking won’t help? that’s funny coming from u.
So obviously the markets were down yesterday and fuel cell was up, But today the markets are getting destroyed so this makes a little sense. Although there's definitely no justification not to hold a $1.13.
Busy and did not see the volume at 9 or 9:30 and in fact just noticed it's at 5 million at 11:00 a.m.. guessing that might slightly be above average at this time of day and looks to be related to just a few trades of large volume. Unfortunately there are swingers and traders than just don't see the value in investing and patience. There's no stopping for this company from succeeding in a big way. It's simply a matter of time. Unfortunately we did lose support at $1.18 from yesterday but it seems as though we're still holding support at $1.13. I didn't even look at the overall markets so I don't know if that's relevant, But I believe we did well yesterday in a down market. Let's hope we hold a $1.13 and close at 1:21 or higher.
“Of course there's always seeking alpha. They like to put a negative twist on everything with their amateur authors that always say something inaccurate.”
Wow…I can’t believe you have the nerve to say that about an entity whose opinions about fcel have been fairly accurate as opposed to your opinions which have been absolutely horrible…
“55 million shares traded at 8:47 a.m.. ”
Speaking of inaccuracies…
“What would Exxon buy is for at the moment, $4.00 per share??”
Research some previous buyouts…you will see that the buyouts occur at some fraction of the current pps…offers 50% above the current pps are rare and sky high… that would place a buyout for fcel at $1.75…
To be sure, you can find the very very rare occasion where a buyout was done at 2 or 3 times the current pps…but that won’t happen for fcel and even if it did, it would help some but most will still lose money even on that extremely high valuation…
Buy on pullback to $1.15. CPI number not friendly to the market today. Below $1.15 on a closing basis means wait.
W/O any fundamental gangbuster news , sympathy with the market is likely. None ( news )is given. Talking won't help. That's only noise as we've seen.
Many different articles over the past few days about the extension with ExxonMobil, 90% of them very positive. Of course there's always seeking alpha. They like to put a negative twist on everything with their amateur authors that always say something inaccurate. 55 million shares traded at 8:47 a.m.. yesterday's support seem to be at $1.18 as stated yesterday holding there would be bullish. Holding over yesterday's clothes after the open would be very bullish. Anything below 1 million shares at 9:35 would just reiterate my opinion No one wants to sell their shares. But they would love to steal your stop losses. TICK TOCK!!
Vijay, subtly continues pushing policy support!
https://www.linkedin.com/posts/dr-vijay-swarup-120a95159_exxonmobil-sxsw2024-sxsw-activity-7183463721527132162-F9fJ?utm_source=share&utm_medium=member_android
https://www.gasworld.com/story/fuelcell-energy-and-exxonmobil-extend-partnership-for-co2-capture-and-clean-energy/2137046.article/
https://carbonherald.com/fuelcell-energy-and-exxon-extend-and-update-their-joint-carbon-capture-agreement/
https://www.google.com/url?rct=j&sa=t&url=https://www.msn.com/en-us/money/markets/fuelcell-energy-extends-carbon-capture-technology-deal-with-exxon/ar-BB1lh7OT&ct=ga&cd=CAEYBioTMzczMTEwMDk0NDM0ODA1OTM3NzIaM2Y2YzEyOGYyMzM0YTgyODpjb206ZW46VVM&usg=AOvVaw3ZoNWatG7RBF7MV3eYMbB-
I’m not sure how a buyout would benefit us as shareholders? Unless you feel like the run to $29.00 was a one time occurrence? What would Exxon buy is for at the moment, $4.00 per share??
“I believe that the correct price was $6 million dollars and a $60 million dollar 5 year research contract. Not bad for a company on the verge of bankruptcy and being threatened with delisting from the NASDAQ.”
Yup…like I said…fcel had what they were interested in and paid to get their hands on it…and over the years they have worked together to improve the tech…
Exxon has all they need from fcel…their interest in fcel continues as long as fcel can continue to make improvements and share them with Exxon…
“The fact of the matter is that Carbon Capture is WAY more important to Exxon (who need the technology to save their massively carbon polluting refineries)”
Exxon had been researching CC long before they hooked up with fcel…but fcel did bring something to the table and that was all well and good…but any research developments that has been accomplished in the last 6 yrs has been done via a JDA…there isn’t anything that fcel has or can do that Exxon can’t…
“Also, the fact that Exxon is willing to grant FCEL the right to market the improved carbon capture technology to anyone reflects how much Exxon needs FCEL expertise in the area.)”
I disagree…the idea that Exxon has allowed fcel to go seek their fortune with the tech tells me they really don’t much care what fcel does…if they felt like fcel was really important to them, they would have signed them to a contract to lock them in rather than give them the ok to go do whatever they want..
Exxon keeps stringing fcel along for pennies and peanuts just in case they come up with something useful…
Exxon also needs fcel to be the face of the failure if things don’t work out or go according to plan…
Jumping on board.
Excited to see how this agreement goes with Exxon.
H that's legal language as he is transferring titles from his current position as VP COO to VP Strategic Partnerships.
Johnny, I would love to see that but for now I want to see the upcoming "commercial agreement" that is currently being negotiated between Exxon and FCE.
A buy-out, as some have suggested, trumps an IPO....but I'll take the Low Carbon Solutions IPO.
Very perceptive of you!
Biden Meeting with Japanese PM Wednesday.
Some stories that they will discuss Hydrogen. Will it be more useless talk? Probably. Japan loves H2 but US only talks and then back stabs. The Prime Minister, Kishida, will visit a Toyota Fuel Cell plant in North Carolina. What better time to truly promote H2? But so far the media ignores or only says that he will visit a "Battery EV plant". smh.
I am hopeful that Kishida's life is not in danger for his views. The last PM was assassinated....oh wait....that was just one crazy guy so it had nothing to do with politics...never mind.
I hope Exxon splits off their Low Carbon Solutions division and does an IPO. That would get things going.
I expect this to happen because the guy in charge - Dan Amman - came from GM where he wanted to split off part of GM green industry to an IPO.
I must say, I knew he was a very important part of the team, and when I read resigned effective immediately I was a bit concerned.
8k Lisowski no longer COO Now VP Strategic Partnerships
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000886128/bff1dd06-2eb8-4f3c-b393-4357738f68c5.pdf
I bought some today. I like the trading behavior. Its being accumulated and noticed as you wiutness slightly higher highs and slightly higher lows each day.
I'll add on any small dip tomorrow or when itsbusts thru $1.25 . Either case, its getting attention.
You have no justification to say a1400% gain can happen again.. WAke up from your delusional dream and face some reality.. It'll save you much embarassment if you do.
That big move 3 years ago came with a great deal of anticipation. Reality set in and the anticipation fizzled as the stock went to $1.00. SELLERS were right and you were so wrong during the drop.
Now you're back at it. This time with a shameless track record and no credibility.
Recap
Closed up over 5% on above average volume on what was mostly a slightly negative day for markets. Looks like today's support was $1.18, so that's where I'd like to hold support through the week. Very bullish if we hold $1.20+ tomorrow! TICK TOCK!!!!
Although I must say a $1.24 or higher on 15 million shares would be exciting. Put that could be the big players swing trading. That's why I'd rather just have 3% a day. But we did run $1,400% in 3 months, We certainly know it can happen especially on good news f o m o and momentum.
Volume exceeded daily average by 3:00 p.m., And was up 5% give or take a fraction. Would be awful nice to see it close over $1.20, But I'm perfectly happy with less volatility closing in the green at all. 3% average a day for the next 30 trading days would work. Let's say $2.40 before Q2 earnings. Nice earnings 20% pop, Read back the $3!! Let's get a start with 3% a day average between Monday to Friday. Potentially a little short squeeze??
TICK TOCK!!
I believe that the correct price was $6 million dollars and a $60 million dollar 5 year research contract. Not bad for a company on the verge of bankruptcy and being threatened with delisting from the NASDAQ. The fact of the matter is that Carbon Capture is WAY more important to Exxon (who need the technology to save their massively carbon polluting refineries) Also, the fact that Exxon is willing to grant FCEL the right to market the improved carbon capture technology to anyone reflects how much Exxon needs FCEL expertise in the area.)
I've been steadily accumulating shares priced below $1.20. It's a fantastic bargain entry point.
Your quote from a prior post:
“and the key fact that we can NOW market the technology with anyone”
First of all, no one ever said fcel GAVE the tech away…they sold for 10 pieces of silver…
yes they can market the tech, since they requested that Exxon allow them to do so and Exxon gave them permission…
does that sound like the tech is solely theirs?….
Btw, where’s that $300 mil that Exxon was going to give fcel when they signed the new contract with them?…you know, the contract that you felt so sure about with high confidence?…
How many honest bears are there? Especially those willing to admit they stated FCE gave away their carbon capture to Exxon Mobil who owned the technology and all of the patents, or any part of that factually inaccurate statement.
Nice volume today As I have stated repeatedly, resulting in pushing the stock price higher. We always go up on heavier volume. And when the share price goes down volume is almost always below average. Not a lot of time this morning but I believe we were over 5 million shares by 10:30 a.m. if I recall correctly. During that volume we touched $1.23 and we have support maintained well over a $1.13. would be a great sign to maintain support over today's open, in that $1.15 range, and have higher lows and higher highs at least for the remainder of the week. Many different articles and links referencing the extension with ExxonMobil and the key fact that we can now market the technology with anyone. So much for the Bears insisting we gave away the technology! Anyone remember that?
Ballsy move or expectation of a rise in share price coming to "appease" investors?
Time to add a little....... now or any $.02 -$.03 pullback.
The "back and fill" trading is evident warranting a purchase or a small add.
FuelCell Energy, Inc. (NASDAQ: FCEL) is an integrated fuel cell company that designs, manufactures, installs, operates and services stationary fuel cell power plants.
As a leading global fuel cell company, we provide ultra-clean, efficient and reliable baseload distributed generation for electric utilities, commercial and industrial companies, universities, municipalities, government entities and other customers around the world.
Direct FuelCell® (DFC®) power plants manufactured by FuelCell Energy can utilize a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas, directed biogas and propane.
Our DFC power plants produce power electrochemically — without burning fuels — making them clean, quiet and environmentally responsible alternatives to combustion-based generation.
Our power plants have generated more than 1.5 billion kilowatt hours of ultra-clean electricity, equivalent to powering more than 135,000 average-size U.S. homes for one year.
FuelCell Energy’s world headquarters are located in Danbury, Connecticut, in the USA. Our global markets are served from a state-of-the-art production facility in nearby Torrington, Connecticut.
Our customers in Europe are served by German-based FuelCell Energy Solutions, GmbH, a majority owned joint venture with sales and service located in Dresden, Germany and manufacturing in Ottobrunn, Germany, which is near Munich.
Customers in Asia are served by our partner POSCO Energy from manufacturing facilities located in Pohang, South Korea.
FuelCell Energy offers a comprehensive portfolio of services for fuel cell power plants. Specially trained technicians and engineers remotely operate and maintain virtually our entire installed base of Direct FuelCell power plants globally, 24 hours per day, 365 days per year from the state-of-the-art Global Technical Assistance Center located at our Danbury, Connecticut headquarters. Field service technicians directly employed by FuelCell Energy service the power plants on-site.
FuelCell Energy scientists are actively researching unique applications for our versatile DFC technology including hydrogen generation and carbon capture. In addition, we are pursuing research with solid oxide fuel cells as well ashydrogen compression and storage.
FuelCell Energy’s international reputation for leadership in ultra-clean energy solutions has been built on a long history of innovative research and development that reflects the successes of our highly talented and creative workforce. We are the first fuel cell manufacturer to commercialize megawatt-class stationary fuel cell power plants and we believe that we are the first stationary fuel cell manufacturer to generate a quarterly gross profit.
FuelCell Energy traces its roots back to 1969 and the founding of Energy Research Corporation (ERC) by early fuel cell pioneers Bernard Baker and Martin Klein, both chemical engineers with expertise in advanced battery technologies.
In the 1970′s, with funding from the U.S. military and utility companies, the Company conducted extensive research into low-temperature fuel cells as well as silver-zinc battery cells. In the 1980′s and 1990′s the Company switched its focus to high-temperature carbonate fuel cell systems which offered greater commercial applications due to the ability to internally reform readily available fuels such as natural gas and renewable biogas within the fuel cell itself to provide the hydrogen for the power generation process.
Our first commercial power plant was installed in 2003 using a 250 kilowatt (kW) fuel cell stack. Through technology enhancements and cost reductions, we have increased the power output of the stacks by 40 percent to 350 kW and reduced product costs by more than 60 percent. Today we are installing multi-megawatt fuel cell plants and fuel cell parks globally.
The production facility in Torrington, Connecticut, USA was completed in 2001 and produced [2] megawatts (MW) of product the first year. As of the end of fiscal year 2012, the plant was producing at an annual run-rate of 56 MW. The total annual capacity of the facility is 90 MW.
FuelCell Energy began expanding globally in 2007 through its partnership with POSCO Energy , targeting markets in Southeast Asia, particularly South Korea. A European manufacturing, sales and service presence was established in 2012, with German-based FuelCell Energy Solutions, GmbH.
1969 | Company founded as Energy Research Corporation (ERC) |
1992 | 120 kilowatt fuel cell stack demonstrated |
1992 | Initial Public Offering (IPO) |
1996 | 2 megawatt demonstration plant installed in Santa Clara, California |
1999 | Company focuses on carbonate fuel cells, is renamed FuelCell Energy, Inc. & spins off battery division, Evercel |
2003 | First commercial installation of a Direct FuelCell® power plant |
2003 | Annual production of approximately 3 megawatts |
2007 | POSCO Energy partnership begins – global expansion commences |
2007 | Annual production of approximately 11 megawatts |
2009 | Production of 350 kilowatt stack commences |
2011 | Power output milestone reached with one billion kWh of ultra clean electricity produced since 2003 |
2011 | 11 megawatt fuel cell park commences operations in South Korea |
2011 | Annual production of approximately 46 megawatts |
2012 | European presence established with FuelCell Energy Solutions, GmbH |
2012 | Asian manufacturing strategy implemented through license agreement with POSCO Energy |
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