Fuelcell Energy Inc

FuelCell Energy, Inc. (Nasdaq: FCEL) is an American clean energy technology company that designs, manufactures, installs, operates, and services carbonate fuel cell systems that generate continuous, scalable baseload power for mission-critical applications. The company's modular fuel cell platforms convert natural gas, biogas, or hydrogen blends into electricity through an electrochemical process without combustion, producing negligible criteria air pollutants. FuelCell Energy serves data centers, industrial facilities, utilities, and distributed generation customers globally. The company operates a manufacturing facility in Torrington, Connecticut, currently expanding from approximately 37 MW to a targeted 500 MW annualized production capacity by June 2028, with a 1 GW+ facility in the planning stage. FuelCell Energy's technology also supports carbon capture applications through a joint development with ExxonMobil. The company maintains a generation portfolio of approximately 62.8 MW across U.S.-based installations and has significant operations in South Korea. Its fuel cell systems are built primarily from abundant commodity materials with over 90% U.S.-based supply chain and no reliance on rare earth elements, offering behind-the-meter, grid-parallel, or microgrid configurations scalable from 1.25 MW building blocks to gigawatt scale. Updated Sep 2, 2026