FuelCell Energy (NASDAQ: FCEL) shares are ticking higher after the company announced the dedication event of the Noeul Green Energy Co. fuel cell park in Seoul, South Korea. The 20 megawatt fuel cell park supplies ultra-clean power to the electric grid and high quality heat to a district heating system and was constructed by the company’s South Korean partner POSCO Energy in just 10 months. Members of FuelCell Energy’s executive management joined POSCO Energy executives, government officials and customers to celebrate the operation of this fuel cell park. “This project exemplifies the benefits of fuel cell installations by locating the project in the middle of Seoul City, which enhances grid resiliency as well as supporting environmental initiatives,” Chip Bottone, president and chief executive officer of FuelCell Energy, stated in the news release.
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About FuelCell Energy
FuelCell Energy (NASDAQ:FCEL) delivers efficient, affordable and clean solutions for the supply, recovery and storage of energy. The company designs, manufactures, undertakes project development, installs, operates and maintains megawatt-scale fuel cell systems, serving utilities, industrial and large municipal power users with solutions that include both utility-scale and on-site power generation, carbon capture, local hydrogen production for transportation and industry, and long duration energy storage. With SureSource™ installations on three continents and millions of megawatt hours of ultra-clean power produced, FuelCell Energy is a global provider with environmentally responsible power solutions. Visit the company online at www.fuelcellenergy.com.
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