FuelCell Energy Inc.

Company Overview

FuelCell Energy, with headquarters in Danbury, Connecticut, has benefited from five decades of research and development to position itself as a world leader in providing distributed baseload energy platform solutions that are ecologically friendly. Its commercial system separates carbon for use and sequestration while generating energy, heat, hydrogen, and water.

The company continues to invest in the creation and commercialization of new technologies that should expand the capacity of our platforms’ ability to deliver hydrogen and long-term hydrogen-based energy storage through our solid oxide technologies, as well as improve the carbon capture capabilities of already-existing platforms.

FuelCell Energy is a leader in clean energy technologies that address some of the most pressing problems with access to energy, security, and environmental responsibility. FuelCell Energy is uniquely positioned to serve customers worldwide with sustainable products and solutions for industrial and commercial businesses, utilities, governments, and municipalities as a leading global manufacturer of proprietary fuel cell technology platforms.

Financial Highlights (FY 2024)

Company's Business Segments

• Product : Includes the sale of Completed Project Assets, Sale, Installation of Fuel Cell Power Platforms including Site Engineering, Construction Services, the sale of Modules, BOP Components, Spare Parts to customers.
• Service : Includes performance under long-term service agreements for Power Platforms owned by third parties.
• Generation : Includes the sale of Electricity under PPAs, Utility Tariffs from Project Assets retained by the Company. This also includes revenue received from the sale of other value streams from these assets including the sale of Heat, Steam, Capacity, Renewable Energy Credits.
• Advanced Technologies : Includes revenue from Customer-sponsored, Government-sponsored Advanced Technologies projects.