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FuelCell Energy Inc. (FCEL) is Charged Up for Growth

In 1969, Bernard Baker and Martin Klein founded Energy Research Corporation (ERC). Baker, an early fuel cell pioneer, and Klein, a chemical engineer, felt the future in power generation lay in this area of research. In 1999, the company took their battery research division on its own as a separate company, and renamed it FuelCell Energy Inc.

Today, FuelCell Energy Inc. develops and produces stationary fuel-cell power plants for commercial, industrial, municipal, and utility customers. Their focus is to produce ultra-clean, safe, and high-efficiency fuel cells. Their “Direct FuelCell” (DFC) generates power at over 60 plants worldwide. Their DFC power plants have generated over 200 million kWs of power.

Headquartered in Danbury, Connecticut, FuelCell Energy Inc. trades on NASDAQ. They are part of the Industrial Electrical Equipment business sector. Their Danbury facility is also the center for their GTAC (Global Technical Assistance Center). This center remotely monitors and operates over 60 commercial fuel cell units operating at 40 sites worldwide.

The fuel-cell power plants that the company manufactures generate electricity at up to two times the efficiency of traditional fossil-fuel plants. They do this with virtually no air pollution. The company has a manufacturing facility in Tarrington, Connecticut, which has the capacity of producing 50MWs of fuel cells a year.

FuelCell Energy Inc. has partnerships with major power plant developers and power companies. They also collaborate with the U.S. Departments of Energy and Defense, and other government agencies, to develop leading edge technologies. The company’s product line consists of systems from 300kWs to 2.4 MWs, scalable up to 50MWs.

With the focus on clean and innovative energy production, FuelCell Energy Inc. is charging itself up for future growth.

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