FuelCell Energy’s Long Island, New York Project Achieves Conditional Commercial Operation
DANBURY, Conn., Jan. 12, 2022 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in decarbonizing power and producing hydrogen, with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy—announced the completion of site construction and commencement of conditional commercial operation of its 7.4 megawatt (“MW”) SureSource™ fuel cell project located in Yaphank, Long Island, in New York.
- We are excited to be in commercial operation of our fuel cell platform in the Town of Brookhaven, New York, commented Jason Few, President and Chief Executive Officer, FuelCell Energy.
- Kevin Lapidus from Franklin Park commented, We are pleased to complete the Yaphank project with FuelCell Energy.
- In conjunction with the project achieving commercial operation, Franklin Park has funded the remaining commitment under the previously announced tax equity arrangement, bringing the total investment in the project to $12.4 million.
- Franklin Park provides a full suite of capital for renewable energy development companies, including corporate equity, pre-NTP project development capital, tax equity and project acquisitions.