NetworkNewsBreaks – FuelCell Energy, Inc. (NASDAQ: FCEL) Secures 20 Megawatt Fuel Cell Project with Korea Southern Power Company

FuelCell Energy (NASDAQ: FCEL) this morning said it has secured a 20 megawatt fuel cell project with Korea Southern Power Company (KOSPO). The company intends to utilize the SureSource 3000™ power plant to cleanly produce electricity and thermal energy to support a district heating system. FuelCell expects to operate and maintain the installation under a 20-year service agreement. The company intends for the facility to be operational in 2018. “Our multi megawatt, scalable easy-to-site clean energy solutions are well-suited for utility-scale applications such as this project,” FuelCell Energy president and CEO Chip Bottone stated in the news release. Following this announcement, the company also announced the pricing of a $33.5 million convertible preferred stock transaction this morning.

To view the full press release, visit: http://nnw.fm/7LcOd

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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