Associated tags: FuelCell Energy, Quality of life, Safety, Hydrogen, Renewable energy, Electricity, Carbon, B cell
Locations: TOYOTA, TORRINGTON, PORT, KOREA, GROTON, NORTH AMERICA, CALIFORNIA, FRANKLIN PARK, DERBY, DANBURY, CT, US, SULFUR, EUROPEAN UNION, ROTTERDAM, CONNECTICUT
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Renewable energy Thanks to FuelCell Energy's Tri-gen platform, TLS Long Beach is Toyota's first port vehicle processing facility powered by 100 percent on-site generated renewable electricity.
Key Points:
- Thanks to FuelCell Energy's Tri-gen platform, TLS Long Beach is Toyota's first port vehicle processing facility powered by 100 percent on-site generated renewable electricity.
- Tri-gen produces 2.3-megawatts of renewable electricity, part of which will be utilized by TLS Long Beach to support its operations at the port.
- "The dawn of the renewable hydrogen era is upon us, thanks to our collaboration with Toyota and FuelCell Energy and their innovative Tri-gen system," said Port of Long Beach CEO Mario Cordero.
- "FuelCell Energy and Toyota's collaborative effort signifies technological innovation and also positions Long Beach at the forefront of global leadership in renewable energy solutions,'' said Long Beach Mayor Rex Richardson.
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Renewable energy 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.
Key Points:
- 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.
- FuelCell Energy platforms use an electrochemical reaction to create clean energy, rather than combustion, which has multiple benefits.
- In addition to the environmental sustainability aspects of the platform, the project with Sacramento Sewer, Ameresco and FuelCell Energy demonstrates the use of available state and federal benefits designed to help communities develop clean energy projects.
- Based on the rules issued by the IRS in 2023, FuelCell energy is a domestic content provider.
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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.
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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.
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Video game DANBURY, Conn., March 07, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its first quarter ended January 31, 2024.
Key Points:
- Note: All comparisons between periods are between the first quarter of fiscal 2024 and the first quarter of fiscal 2023, unless otherwise specified.
- Operating expenses for the first quarter of fiscal 2024 increased to $30.8 million from $27.7 million in the first quarter of fiscal 2023.
- Net loss was $(44.4) million in the first quarter of fiscal 2024, compared to net loss of $(21.1) million in the first quarter of fiscal 2023.
- Adjusted EBITDA totaled $(29.1) million in the first quarter of fiscal 2024, compared to Adjusted EBITDA of $(14.4) million in the first quarter of fiscal 2023.
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.
Retrieved on:
Monday, February 19, 2024
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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.
Retrieved on:
Tuesday, December 19, 2023
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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.
Retrieved on:
Monday, December 18, 2023
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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.
Retrieved on:
Thursday, December 14, 2023
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.
