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Fuelcell Energy Inc FCEL

Utilities Utilities - Independent Power Producers
FuelCell Energy, Inc. is engaged in delivering distributed baseload energy platform solutions through its proprietary fuel cell technology. It develops commercial technologies that produce clean electricity, heat, clean hydrogen, and water. Its commercial product portfolio is based on its carbonate electrochemical platform. Its carbonate electrochemical platform supports power generation and combined heat and power applications using a variety of fuels, including a 50/50 blend of hydrogen and natural gas or biogas blends, biogas, renewable natural gas, and natural gas. It offers its products in different configurations for a range of power and chemical applications, including electricity, hydrogen, heat (including steam), water and carbon-di-oxide (CO2) upgradable to food and beverage grade and/or usable in cement or other industrial products, and to concentrate and separate CO2 from fossil-fueled industrial applications allowing the sequestration and/or utilization of the CO2.


NDAQ:FCEL - Post by User

Fuelcell Energy Inc
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  • IseneschalX
Post by Iseneschalon Nov 15, 2024 8:46am
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Post# 36314529

FCEL....Fluff NR this a.m.....talk is cheap ; !

FCEL....Fluff NR this a.m.....talk is cheap ; !

FuelCell Energy Announces Global Restructuring, Focusing Core Technologies on Distributed Power Generation, Grid Resiliency, and Data Center Growth

2024-11-15 04:30 ET - News Release

 

  • Go-forward strategy will emphasize topline revenue growth and future profitability.
  • Company to reduce total operating costs by an estimated 15% in fiscal year 2025.

DANBURY, Conn., Nov. 15, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) announced a global restructuring of its operations in the U.S., Canada, and Germany that aims to significantly reduce operating costs, realign resources toward advancing the company’s core technologies, and protect the company’s competitive position amid slower-than-expected investments in clean energy.

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