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FuelCell Energy
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Short description

Manufacturer of stationary fuel cells for grid-scale energy storage that can run on most hydrocarbon fuels

Founded in 1969
Founded in

Company type Public Public (FCEL)
Company type

Industry Group energy & power

Sector fuel cells

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Danbury, CT Danbury, United States
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Parent Companies FuelCell Energy

Updated by Sunena Gupta at on 06/11/2024

Edited by Cleantech Group on 12/29/2024

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Date Company
10/08/2013

German Federal Ministry of Education and Research (BMBF) German Federal Ministry of Education and Research (BMBF)

FuelCell Energy announced the delivery of its first German manufactured fuel cell power plant to the Federal Ministry of Education and Research (BMBF) office complex that is being constructed by BAM Deutschland AG in Berlin, Germany.

Confirmed by German Federal Ministry of Education and Research (BMBF)

Partnerships
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Date Partner Type
12/19/2023
ExxonMobil ExxonMobil
Pilot plant jointly developed with ExxonMobil to capture carbon
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Confirmed by ExxonMobil
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Investment Rounds
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IPO INFORMATION

Date

04/10/2007

IPO status

Listed

IPO Type

IPO

Amount

$70.24M

Initial shares

9365000

Ticker symbol

FCEL

Exchange listed

NASDAQ

Prospectus URL

Prospectus

Source URL

Source

Description

Date Investors Type Amount
08/22/2024 Natural Resources Canada Natural Resources Canada (1)
Post-money valuation of
Funding will be used to support electrolyzer technologies producing synthetic fuel
Grant $4,092,703
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Products
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Product image Name Product status Revenue model Cost metrics

Direct FuelCell (DFC) Power Plants

Four power generation systems for a variety of stationary applications, with low emissions and operating noise and fuel flexibility.

Wide Commercial Availability Products - Wholesale
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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