FuelCell Energy

Recently Updated and Extended Joint Development Agreement between ExxonMobil Technology and Engineering Company and FuelCell Energy Aimed at Accelerating Access to Carbonate Fuel Cell Technology for Carbon Capture

Retrieved on: 
Monday, April 8, 2024
Element, Electricity, FuelCell Energy, ExxonMobil, CFC, B cell, Carbon, DEI, NOx, JDA, EMTEC, CO2, European, Hydrogen, Economics, Renewable energy

Pilot project to test jointly developed carbon capture technology proceeding at Esso Nederland BV’s Rotterdam Manufacturing Complex; project start-up expected in early 2026.

Key Points: 
  • Pilot project to test jointly developed carbon capture technology proceeding at Esso Nederland BV’s Rotterdam Manufacturing Complex; project start-up expected in early 2026.
  • The agreement allows FuelCell Energy to incorporate elements of the jointly developed technology into existing carbon capture products currently being marketed to customers.
  • The jointly developed carbon capture fuel cell technology to be demonstrated in Rotterdam features an optimized design for large scale installations.
  • Along with the execution of the JDA extension, FuelCell Energy and ExxonMobil intend to negotiate a commercial framework aimed at enabling deployments of the carbonate fuel cell technology for carbon capture.

FuelCell Energy Innovators to Highlight Advanced Clean Technologies at CERAWeek 2024

Retrieved on: 
Tuesday, March 19, 2024
Hydrogen, Mechanical, Hydrogen highway, Engineering physics, Conference, Growth, Physics, FuelCell Energy, Technology policy, H2, James W. Dally, Research, Electrolysis, Interview, Engineering, Leo, Carbon, B cell, Voelker, CO2, Society, Coal, Chemical engineering, Rensselaer Polytechnic Institute, Policy, Renewable energy

Both leaders are members of FuelCell Energy’s InsightFUEL bench of clean energy experts available for interviews with the media.

Key Points: 
  • Both leaders are members of FuelCell Energy’s InsightFUEL bench of clean energy experts available for interviews with the media.
  • Tony Leo joined FuelCell Energy in 1978 and has held key leadership roles in research, development, and commercialization of electrochemical systems during his tenure.
  • The Connecticut Power and Energy Society honored him with its 2023 Excellence in Energy Award.
  • Brent Voelker is Director of Solutions Engineering at FuelCell Energy, responsible for the development of site-level solutions on projects in renewable hydrogen production, long-term energy storage, electric power from renewable hydrogen, and carbon capture.

FuelCell Energy Announces First Quarter of Fiscal 2024 Results Conference Call on March 7, 2024 at 10 A.M. Eastern Time

Retrieved on: 
Friday, March 1, 2024
FuelCell Energy, Webcast, Hydrogen, Telephone, Broadcasting

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.

Key Points: 
  • 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.
  • Participants can access the live call via webcast on the Company website or by telephone as follows:
    The live webcast of this call and supporting slide presentation will be available at www.fuelcellenergy.com .
  • To listen to the call, select ‘Investors’ on the home page, proceed to the ‘Events & presentations’ page and then click on the ‘Webcast’ link listed under the March 7th earnings call event listed.
  • The replay of the conference call will be available via webcast on the Company’s Investors’ page at www.fuelcellenergy.com approximately two hours after the conclusion of the call.

FuelCell Energy Announces Release of Annual and Sustainability Reports Highlighting Business Performance and Progress Towards Sustainability and ESG Goals

Retrieved on: 
Monday, February 19, 2024
FuelCell Energy, Social change, Annual report, IBM, Plant, ESG, ExxonMobil, Hydrogen, Social responsibility, Toyota Motor North America, Policy, Electricity, B cell, Interview, Research, NOx, Renewable energy

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.

Key Points: 
  • 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.
  • In his message to shareholders, FuelCell Energy’s President & CEO, Jason Few, recounts projects with Toyota Motor North America , ExxonMobil , and IBM .
  • Fiscal year 2023 highlights include:
    New 2050 net-zero approach, supported by a new ESG leadership structure to guide our sustainability action plan.

The Global Hydrogen Market (Production, Storage,Transport and Utilization) 2024-2035 - ResearchAndMarkets.com

Retrieved on: 
Monday, February 12, 2024
Other Manufacturing, Manufacturing, Hydrogen, Constellation, Innova, Carbon, Climate change mitigation, Plug Power, Electrolysis, Aviation, Sunfire, Transport, Biomass, FuelCell Energy, Steel, Ecosystem, CO2, Policy, Electricity, Research, ITM Power, Renewable energy

The "Global Hydrogen Market (Production, Storage,Transport and Utilization) 2024-2035" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Hydrogen Market (Production, Storage,Transport and Utilization) 2024-2035" report has been added to ResearchAndMarkets.com's offering.
  • Demand for hydrogen and its derivatives is increasing, buoyed by sustainability initiatives and government funding.
  • This extensive report examines the emerging global hydrogen market, providing 11-year projections across production, infrastructure, storage, distribution and end-use applications.
  • It assesses mainstream hydrogen varieties produced from renewable electricity, fossil fuels, and biomass etc.

FuelCell Energy Reports Fourth Quarter and Full Fiscal Year 2023 Results

Retrieved on: 
Tuesday, December 19, 2023
Carbon, Hydrogen, Marketing, Government, SOEC, Treasury, B cell, Food, Repowering, National Nuclear Laboratory, Electrolysis, Transport, North West England, Automation, FuelCell Energy, Economics, Electricity, Capacity, Housatonic River, Artificial intelligence, Trinity College, Adjustment, Foundation models, ExxonMobil, Settlement, Overalls, Plastic, Idaho National Laboratory, IBM, Joint, United States Treasury security, INL, Welding, KFC, Carbon capture, Appendix, EDF Energy, Insurance, Engineering, Electrode, Natural gas, Gasoline, Sale, Research, Heat, Intelligence, Temperature, Water, Southern California Edison, Posco Energy, Longevity, CNL, Investment, CO2, Renewable energy

DANBURY, Conn., Dec. 19, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its fourth quarter and fiscal year ended October 31, 2023.

Key Points: 
  • Operating expenses for the fourth quarter of fiscal 2023 increased to $34.9 million from $27.5 million in the fourth quarter of fiscal 2022.
  • Research and development expenses increased to $18.0 million during the fourth quarter of fiscal 2023 compared to $12.2 million in the fourth quarter of fiscal 2022.
  • Net loss was $29.5 million in fourth quarter of fiscal 2023, compared to net loss of $42.0 million in the fourth quarter of fiscal 2022.
  • Adjusted EBITDA totaled $(30.8) million in the fourth quarter of fiscal 2023, compared to Adjusted EBITDA of $(36.1) million in the fourth quarter of fiscal 2022.

ExxonMobil to Build CCS Pilot Plant with FuelCell Energy Using Carbonate Fuel Cell Technology

Retrieved on: 
Monday, December 18, 2023
Carbon, FuelCell Energy, Commercial, CFC, European, Electricity, Business development, Hydrogen, ExxonMobil, SVP, CO2, DEI, Renewable energy

The pilot plant aims to obtain data on performance and operability of the carbonate fuel cell (CFC) technology, jointly developed with FuelCell Energy.

Key Points: 
  • 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.
  • Esso’s Rotterdam integrated manufacturing site will be the first place in the world to pilot this technology.
  • This technology can capture carbon and produce electricity simultaneously, making it a game-changer in the industry," said FuelCell Energy President and Chief Executive Officer Jason Few.

FuelCell Energy Closes Tax Equity Financings with Group 1001 and Franklin Park for Tri-gen Project and Derby, Connecticut, Fuel Cell Park

Retrieved on: 
Thursday, December 14, 2023
Hydrogen, FuelCell Energy, Partnership, Inflation, Fuel cell, Electricity, B cell, Investment, Toyota, Renewable energy

DANBURY, Conn., Dec. 14, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) has again demonstrated that it is leading the way in tax credit financing through its announcement today that it closed on transactions with Franklin Park and Group 1001 Insurance Holdings, LLC (“Group 1001”) for two of its clean energy projects—the Tri-gen platform in Long Beach, California, and the new fuel cell park in Derby, Connecticut.

Key Points: 
  • DANBURY, Conn., Dec. 14, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) has again demonstrated that it is leading the way in tax credit financing through its announcement today that it closed on transactions with Franklin Park and Group 1001 Insurance Holdings, LLC (“Group 1001”) for two of its clean energy projects—the Tri-gen platform in Long Beach, California, and the new fuel cell park in Derby, Connecticut.
  • These give FuelCell Energy the financial flexibility to further refine its clean energy technology and to participate in clean energy collaborations and transition projects around the world.
  • “We are at a critical point on the path towards an energy transition, and it is particularly important to leverage these projects’ long-term, recurring cash flow through tax equity investments from firms like Franklin Park and Group 1001.
  • This allows us to maintain a steady pace of investment in innovation and commercialization efforts and signals that our sustainable clean energy solutions are attracting strong interest from the market,’’ said FuelCell Energy’s President and CEO Jason Few.

FuelCell Energy Announces Fourth Quarter and Fiscal Year 2023 Results Conference Call on December 19, 2023 at 10 A.M. Eastern Time

Retrieved on: 
Tuesday, December 12, 2023
Telephone, FuelCell Energy, Webcast, Hydrogen, Broadcasting

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.

Key Points: 
  • 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.
  • Participants can access the live call via webcast on the Company website or by telephone as follows:
    The live webcast of this call and supporting slide presentation will be available at www.fuelcellenergy.com .
  • To listen to the call, select ‘Investors’ on the home page, proceed to the ‘Events & presentations’ page and then click on the ‘Webcast’ link listed under the December 19th earnings call event listed.
  • The replay of the conference call will be available via webcast on the Company’s Investors’ page at www.fuelcellenergy.com approximately two hours after the conclusion of the call.

IBM, FuelCell Energy to Use AI in Effort to Forge Longer-Life Fuel Cell Systems

Retrieved on: 
Tuesday, November 28, 2023
FuelCell Energy, IBM, Research, Artificial intelligence, Conceptual model, AI, Foundation models, B cell, Media, Carbon

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.

Key Points: 
  • 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.
  • Fuel cells are a source of clean energy that can be used in conjunction with other renewable energy sources or on their own.
  • Through the collaboration, IBM will research ways that FuelCell Energy can extend the life of its fuel cells through an optimal control of operational parameters and their cost effectiveness for customers.
  • IBM will develop a Foundation Model , a form of generative AI, to create device-level models using FuelCell Energy data.