Danbury, CT 06810 203-825-6000. We are working to expand the proprietary technologies that we have developed over the past five decades into new products, markets and geographies. Cautionary Language We stand by each SureSource in the field. The Torrington facility is undergoing an expansion that will essentially double its space. The Danbury-based faltering alternate energy manufacturer has been thrown multiple lifelines in the form of deals with ExxonMobil and a new credit agreement with lender Orion Energy Partners. DANBURY — On Triangle Street, a stone’s throw from the Connecticut Department of Motor Vehicles, FuelCell Energy is building a power plant that will produce enough electricity to light up 3,700 homes. The hydrogen could then be stored for a future day, to be reversed back through fuel cells to produce electricity when needed, or as market price dynamics make the technology more competitive. The plant is a short distance from the company’s headquarters on Great Pasture Road. Our mission and purpose remains to utilize our proprietary, state-of-the- art fuel cell power plants to reduce the global environmental footprint of baseload power generation by providing environmentally responsible solutions for reliable electrical power, hot water, steam, chilling, hydrogen, microgrid applications, and carbon capture and, in so doing, drive demand for our products and services, thus realizing positive stockholder returns. Energy recovery involves reducing emissions, especially carbon dioxide, from power plants powered by coal and natural gas. It will not dominate the skyline and will sit on just a quarter of an acre. The project will provide increased power reliability, grid resiliency, and economic development for the state of Connecticut without harmful NOx, SOx and particulates that are generated by combustion based technology. “It will be the most efficient power plant in the world,” FuelCell Energy President and CEO Chip Bottone said in a conference room at the company’s Danbury headquarters. (Press photo via FuelCell Energy). “Our SureSource 4000 Platform is designed and configured to deliver 60 percent electrical efficiency while operating with a 95% capacity factor, versus an average capacity factor of 25-35% for solar and wind. We design, manufacture, undertake project development, install, operate and maintain 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. State policy will require electric providers to obtain 20 percent of its energy from Class I renewable sources by 2020. Less than a year ago, FuelCell was at risk of being delisted from Nasdaq as its stock traded below $1 for thirty consecutive days. Energy recovery and energy storage are two other lines of business for the company. The nuclear research facility has been experimenting the past several years with experiments using electrochemical cells to convert excess electricity and water into hydrogen; then, when demand for electricity increases, reversing that hydrogen back through the fuel cells to produce it for the grid. About a month after the selections were announced, FuelCell Energy laid off 96 employees, about 17 percent of its workforce. In partnership with ExxonMobil, FuelCell Energy has selected a 2.7-gigawatt coal- and gas-fired power plant in Alabama to test fuel cell carbon capture technology. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based. Editor’s note: This is the first of a two-part series on the fuel cell industry and Danbury’s FuelCell Energy. “Employment will be flat, but we’ll close on some of the business we missed in 2016 and be back in hiring mode in 2017 and beyond. TOTAL MWh GENERATED BY SURESOURCE™ PLANTS, FuelCell Energy Announces U.S. Department of Energy Project Award, FuelCell Energy Celebrates National Hydrogen and Fuel Cell Day: Providing Hydrogen for Transportation, Delivering Long-Duration Energy Storage and Carbon Capture Through its Advanced Technologies Programs, FuelCell Energy Disputes Misleading Claims of Short Seller. By continuing to browse the site you are agreeing to our use of cookies. Unlike a battery, a fuel cell will continue to produce energy as long as a fuel is supplied. FuelCell did not respond immediately to a request for further details on the new DOE contract, which arrived as CEO Jason Few entered his second year leading the company. The need for new sources of hydrogen is on the to-do list for the industrial gases giant Linde, according to CEO Steve Angel who works at a corporate office in Danbury. FuelCell Energy has an $8 million contract from the U.S. Department of Energy, one with the promise of extending the purpose of the nation’s aging fleet of nuclear power plants — not to mention a possible new lease on life for the Danbury-based company’s fuel cells. FuelCell Energy, which has been based in Danbury since its founding in 1969, designs, manufactures and operates megawatt-class fuel cell power plants. Bottone is confident the industry will receive more support and be granted contracts in the near future, but the snub in October made 2017 a transition year for the company, Bottone said. With SureSource installations on three continents and millions of megawatt hours of ultra-clean power produced, we are a global leader with environmentally responsible power solutions. “It was a desolate site. Our systems answer the needs of diverse customers across several markets, including utility companies, municipalities, universities, hospitals, government entities and a variety of industrial and commercial enterprises. The Company is extremely proud to announce the commercial operation of this first installation of the SureSource 4000, as it is excited about the two SureSource 4000 power plants currently being developed on the U.S. Navy Subbase in Groton, CT. FuelCell Energy (NASDAQ: FCEL) delivers efficient, affordable and clean solutions for the supply, recovery and storage of energy. Fuel cell plants, using ambient air and a hydrogen-rich fuel such as natural gas, create electricity and heat through an electrochemical reaction without producing noxious emissions because no combustion occurs. FuelCell Energy, Inc., is a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants. The entire process took about one year. By Luther Turmelle. The forward-looking statements contained herein speak only as of the date of this press release. DANBURY, CT — FuelCell Energy, headquartered in Danbury, laid off 135 employees on Friday. We are accelerating our development on carbon capture, electrolysis, and long-duration hydrogen based energy storage.”, “Rizzo Companies was extremely excited to work with FuelCell Energy, as well as lease the land to FuelCell Energy that was needed for this project,” commented Tony Rizzo, Chief Executive Officer of Rizzo Companies. The Danbury-based faltering alternate energy manufacturer has been thrown multiple lifelines in … The company has announced those funds will be used to fully repay outstanding third party debt as well as to pay for construction costs and other expenses related to some existing ongoing projects. The kick-save is a major feather in the cap of Few, 53, who was only recently brought on board to make exactly that kind of wizardry happen. Important Cookie Information – This message will only appear once. “It started in Danbury with a few people and now owns probably 90 percent of the intellectual property in the fuel cell industry in the world. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut. “It will be a challenging year from a timing perspective,” he said.

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