FuelCell Energy Inc.
FuelCell Energy Receives Binding Purchase Order for Carbon Capture Pilot Project
Summary
On January 31, 2024, FuelCell Energy, Inc. received a binding purchase order from Esso Nederland B.V., an affiliate of Exxon Mobil Corporation and ExxonMobil Technology and Engineering Company, for fuel cell modules and related services required for the construction and implementation of a modular point source carbon capture pilot plant at the Esso Rotterdam Manufacturing Complex. This purchase order will fund the Company's work to support the pilot project through start-up, which will serve as a full-scale commercial prototype for industrial and commercial carbon capture applications.
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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.
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