Business
FuelCell Energy Inc. and E.ON Business Solutions GmbH Announce an Agreement to Develop the European Market
DANBURY, Conn., Oct. 03, 2019 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced a collaboration agreement with E.ON Business Solutions,
About this update from Fuelcell Energy, Inc.
[{"type":"text","content":"DANBURY, Conn., Oct. 03, 2019 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced a collaboration agreement with E.ON Business Solutions, a German company specializing in integrated energy solutions for customers in the commercial, industrial and public sectors. FuelCell Energy is a global leader in fuel cell solutions for the affordable non-combustion based supply of base-load energy. As part of the global energy firm E.ON, E.ON Business Solutions provides tailored solutions for energy efficiency, decentralized power generation, flexibility, virtual power plants, and battery power storage.\n Operating on natural gas, energy generated by FuelCell Energy plants is delivered with negligible criteria pollutants (PM, NOx, SOx) and low CO2 due to the efficiency of the system. Also fully capable of running on biogas, our systems can deliver zero CO2 energy. In applications such as wastewater treatment plants, the fuel is 100% renewable, and using the fuel in a fuel cell avoids the criteria pollutants emitted by flaring the gas or combustion-based power plants. FuelCell Energy’s plants not only can efficiently and affordably supply clean, continuous power, but also useable steam, heat, and hydrogen to our customers. FuelCell Energy announced in July 2019 the relaunch of its sub-megawatt class fuel cell solutions for Europe, the SureSource 250 and SureSource 400, in addition to its multi-megawatt SureSource systems. “We are excited to partner with E.ON for the continued advancement of our fuel cell multi-featured platform in Europe,” commented Jason Few, President and Chief Executive Officer of FuelCell Energy. “E.ON owns two of our existing power plant projects already. Our solution is a perfect fit for a number of needs throughout Europe, offering both distributed cost-effective energy for sub-megawatt applications, and large scale multi-megawatt continuous clean power for industrial and utility-scale applications. With this collaboration, together, we will be able to offer customers across Europe flexible financial solutions ranging from power purchase agreements, capital leases, and attractive purchase options with the full support of E.ON. With E.ON, FuelCell has a partner who understands both the value and environmental benefits of our solution, is excited about owning future projects, adding our fuel cell lea...