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:

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

More from NetworkNewsBreaks

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information please visit

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published:

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s