![](https://investorshub.advfn.com/uicon/702039.png?cb=1614651540)
Wednesday, November 06, 2019 9:54:54 AM
with FuelCell Energy Inc.
Exxon Mobil Corp. (XOM) and FuelCell Energy Inc. (FCEL) said they expanded their agreement for carbon-capture technology.
The companies said they signed two-year expanded joint-development agreement for carbonate fuel cell technology to capture carbon dioxide from industrial facilities.
The agreement, worth up to $60 million, will focus on optimizing the core technology, overall process integration and large-scale deployment of carbon capture. Exxon said it is exploring options to conduct a pilot test at one of its operating sites.
FuelCell Energy shares rose 43% premarket, to 38.2 cents.
Exxon and FuelCell began working together in 2016, focusing on carbonate fuel cells.
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM