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FuelCell Energy


Loan | IPO

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About FuelCell Energy

FuelCell Energy (NASDAQ: FCEL) is a provider of efficient, affordable, and clean fuel cell solutions for the supply, recovery, and storage of energy. The company designs, manufactures, undertakes project development, installs, operates, and maintains megawatt-scale fuel cell systems, serving utilities, industrial, and large municipal power users with solutions that include both utility-scale and on-site power generation, carbon capture, local hydrogen production for transportation and industry, and long-duration energy storage.

Headquarters Location

3 Great Pasture Road

Danbury, Connecticut, 06813,

United States


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Expert Collections containing FuelCell Energy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

FuelCell Energy is included in 3 Expert Collections, including Energy Storage.


Energy Storage

1,238 items

This collection includes large and small energy storage technology, from grid-scale molten salt containers to small, thin-film lithium-ion batteries.


Hydrogen Energy Tech

760 items

Startups in this collection are developing solutions to lower the cost and commercialize the use of hydrogen as a low carbon fuel for heat, manufacturing, fuel cell electric vehicles, seasonal energy storage, and energy transport.


Carbon Capture, Utilization, and Storage (CCUS)

328 items

Companies innovating in the carbon capture, utilization, and storage (CCUS) space. Also includes emissions tracking tools, carbon offset marketplaces, and startups reinventing manufacturing processes to eliminate emissions.

FuelCell Energy Patents

FuelCell Energy has filed 157 patents.

The 3 most popular patent topics include:

  • Fuel cells
  • Hydrogen technologies
  • Industrial gases
patents chart

Application Date

Grant Date


Related Topics




Energy storage, Energy conversion, Renewable energy, Vacuum tubes, Fuel cells


Application Date


Grant Date



Related Topics

Energy storage, Energy conversion, Renewable energy, Vacuum tubes, Fuel cells



Latest FuelCell Energy News

FuelCell Energy Secures $87 Million for Hydrogen Fuel Cell Technologies

May 26, 2023

FuelCell Energy Secures $87 Million for Hydrogen Fuel Cell Technologies FuelCell Energy Secures $87 Million for Hydrogen Fuel Cell Technologies FuelCell Energy, a leading provider of clean energy solutions, has announced the successful closure of an $87 million non-recourse project financing facility. This move not only diversifies the company’s access to capital but also allows it to repay existing debt and potentially accelerate the commercialization of its hydrogen fuel cell technologies. The financing package comprises a multi-bank term facility with Investec Bank, Bank of Montreal, Liberty Bank, Connecticut Green Bank, and Amalgamated Bank as key participants. Investec Bank, acting as the Coordinating Lead Arranger and Sole Bookrunner, brings its expertise in energy and infrastructure project financings to support FuelCell Energy’s commitment to decarbonizing the U.S. economy. Fred Petit, Co-Head of Investec’s North American Power & Infrastructure Group, expressed confidence in the financing strategy, highlighting the benefits of diversifying the company’s capital stack and accessing project capital to foster business growth and support existing assets. The facility allows FuelCell Energy to optimize its financing structure by leveraging a portfolio of long-term contracted operating assets with investment-grade counterparties. This approach attracts a diverse group of lenders and generates incremental cash for the company. Michael Bishop, EVP and CFO of FuelCell Energy, emphasized the advantages of the 7-year term, which provides stability in the current fixed income markets and secures project financing at competitive pricing. Bishop also expressed satisfaction with the expanded bank group’s participation, underscoring the company’s commitment to diversifying its capital sources while partnering with reputable financial institutions. With the repayment of existing project debt, FuelCell Energy gains approximately $46.1 million in unrestricted cash and $14.5 million in restricted cash for funding performance reserves. This injection of capital positions the company for further innovation, expansion, and the advancement of hydrogen fuel cell technologies. FuelCell Energy has been at the forefront of developing and commercializing fuel cell solutions that offer clean and efficient power generation. The company’s fuel cell technology has the potential to revolutionize various sectors, including transportation, industrial applications, and distributed power generation. Fuel cells, which use an electrochemical process to convert hydrogen into electricity, produce zero greenhouse gas emissions and offer high efficiency. The availability of project financing will enable FuelCell Energy to continue driving innovation, scaling up production, and delivering sustainable energy solutions. The successful closure of this project financing facility not only highlights FuelCell Energy’s commitment to advancing the clean energy transition but also underscores the growing interest and confidence in hydrogen fuel cell technologies. The use of hydrogen as a fuel source has gained significant attention worldwide due to its potential to decarbonize various sectors and contribute to global efforts to combat climate change. However, challenges remain on the path to widespread adoption of hydrogen fuel cell technologies. One major hurdle is the cost of production and infrastructure development. Although hydrogen fuel cells offer a clean and efficient energy solution, the current cost of producing and distributing hydrogen remains relatively high compared to conventional energy sources. Additionally, the establishment of a robust hydrogen infrastructure, including production facilities, storage systems, and refueling stations, requires significant investment. Another challenge lies in the availability of hydrogen itself. While hydrogen is abundant in nature, it is mostly bound to other elements and requires energy-intensive processes to extract and produce in a pure form. The development of cost-effective and sustainable methods for hydrogen production, such as electrolysis powered by renewable energy sources, is crucial for the widespread adoption of hydrogen fuel cell technologies. Despite these challenges, the potential impact of hydrogen fuel cell technologies is immense. Hydrogen has the ability to decarbonize a wide range of sectors, including transportation, industry, and power generation. When used in fuel cells, hydrogen produces electricity with only water vapor as a byproduct, eliminating greenhouse gas emissions and reducing air pollution. Hydrogen fuel cells can also provide long-duration energy storage, enabling the integration of renewable energy sources into the grid and enhancing grid reliability. The successful project financing secured by FuelCell Energy is a significant milestone for the company and the clean energy sector as a whole. It highlights the growing recognition of hydrogen fuel cell technologies as a viable and promising solution for the transition to a sustainable and decarbonized future. With continued investment, innovation, and collaboration, hydrogen fuel cells have the potential to play a pivotal role in achieving global climate goals and creating a greener and more resilient energy landscape.

FuelCell Energy Frequently Asked Questions (FAQ)

  • Where is FuelCell Energy's headquarters?

    FuelCell Energy's headquarters is located at 3 Great Pasture Road, Danbury.

  • What is FuelCell Energy's latest funding round?

    FuelCell Energy's latest funding round is Loan.

  • How much did FuelCell Energy raise?

    FuelCell Energy raised a total of $7.5M.

  • Who are the investors of FuelCell Energy?

    Investors of FuelCell Energy include Paycheck Protection Program.

  • Who are FuelCell Energy's competitors?

    Competitors of FuelCell Energy include Future Biogas, GeoPura, Renewable Innovations, Nexceris, Bloom Energy and 14 more.

Compare FuelCell Energy to Competitors


Ionotec is a research and development company serving a number of major clients in those areas of materials science which are related particularly to electrochemistry. The company also manufacture ceramic materials, particularly ion-conductive ceramics which find application as membranes in electrochemical systems such as batteries, fuel cells, sensors and chemical converters.


NextGenEnTM Inc. is a seed stage technology company developing the world's of energy solutions, especially for portable power applications, utilizing solid oxide fuel cell technology. The company aims to provide alternative "green" energy solutions to help promote energy independence and protect the environment

Acumentrics Logo

Acumentrics's solid oxide fuel cell (SOFC) is designed to be fuel-flexible and to operate at high temperatures to maximize efficiencies. Acumetric SOFC contend to require a negligible amount of precious metals and instead can be made out of ceramics. Besides SOFC's, Acumentrics sells power supplies for military, transportation, and industrial applications.

Nexceris Logo

Nexceris, fka NexTech, has established a reputation for innovation and performance through its development of ceramic materials and components. Specifically, the company's team of scientists and engineers has developed , high volume processes to manufacture the active components of solid oxide fuel cells (SOFCs) utilizing the company's electrolyte and electrode materials. NexTech has recently moved its operations into a 56,000 square foot facility and has begun offering SOFC components commercially. In addition the company are developing catalysts and sensors for fuel processing applications. NexTech's advanced fuel cell and catalyst materials have been sold to over 160 customers worldwide and are available from the company's Fuel Cell Materials division via its website, The company welcome inquiries for quantity contracts.

Directed Technologies

Directed Technologies, Inc. is a Arlington, VA based company that has received a grant(s) from the Department of Energy's SBIR/STTR program. The abstract(s) for these grant award(s) are provided as well since they provide insights into Directed Technologies, Inc.'s business and areas of expertise. This project will develop a novel low cost method of producing gaseous hydrogen from biomass or municipal solid waste (MSW). The process utilizes an aqueous phase Base-Facilitated-Reforming (BFR) reactor to produce pure hydrogen gas without need for additional purification and, in one configuration, sequester carbon in solid form thereby avoiding release of greenhouse gases.

Intelligent Energy Logo
Intelligent Energy

Intelligent Energy is a clean power technology company with a globally scalable business, operating in the stationary power, motive and consumer electronics sectors. The company's highly efficient power cores are designed to be integrated into high volume, mass market products and have received commercial approval from global brands.

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