FuelCell Energy Inc.
FuelCell Energy Announces Strategic Agreement with Fit Energy for Up to 380 MW of Clean Power
Summary
On June 22, 2026, FuelCell Energy, Inc. entered into a Capital Equipment Purchase Agreement (CEPA) with Fit Energy USA LP for up to 380 MW of clean, baseload on-site power for data centers. The agreement includes an initial 30 MW delivery expected to begin later this year. As part of the agreement, FuelCell Energy issued warrants to Fit Energy, which are tied to future deployment milestones. The warrants are subject to performance-based vesting and certain restrictions. Additionally, a registration rights agreement was entered into to facilitate the resale of shares issuable upon exercise of the warrants.
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About FuelCell Energy Inc.
FuelCell Energy Inc. designs, manufactures, operates, and services fuel cell power plants. These power plants utilize a proprietary technology that converts lower carbon fuels like natural gas and biogas into electricity and heat via an electrochemical process, rather than traditional combustion methods. This process results in more efficient energy conversion with minimal emissions, making it an attractive solution for businesses and municipalities aiming to reduce their carbon footprints. FuelCell Energy's power solutions are predominantly used in commercial and industrial buildings, data centers, and utility projects, serving diverse sectors including utilities, manufacturing, and healthcare. The company is headquartered in Danbury, Connecticut, and plays a crucial role in the shift towards cleaner energy sources by offering scalable and distributed power generation products. Through its efforts, FuelCell Energy contributes significantly to the renewable energy landscape by providing continuous, reliable low-carbon power solutions.
Official SEC Documents
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