FuelCell Energy Announces Joining Hydrogen Europe
March 12 2021 - 8:30AM
FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global
leader in fuel cell technology—with a purpose of utilizing its
proprietary, state-of-the-art fuel cell platforms to enable a world
empowered by clean energy—today announced it has joined Hydrogen
Europe, the leading European association representing the interests
of the hydrogen and fuel cell industry and its stakeholders.
FuelCell Energy, by joining Hydrogen Europe, joins a community of
major companies working to significantly advance and accelerate the
hydrogen economy.
“We, at FuelCell Energy, have set our sights on
becoming a leading global player in the distributed hydrogen
production market,” said Mr. Jason Few, President and CEO.
“FuelCell Energy brings its over 50 years of experience of
developing, commercializing, manufacturing and operating utility
scale fuel cell power platforms to the growing hydrogen space. We
are proud to join Hydrogen Europe and work alongside the many
well-respected industry and research experts to advance this
important movement.”
Mr. Few continued, “We have been investing in
and developing hydrogen production technology over the past twenty
years, as we have long recognized the role hydrogen will play in
decarbonizing the energy landscape. We continue to advance our
solid oxide electrolyzer, adding to our existing platform of
carbonate-based fuel cell hydrogen production. This portfolio
approach provides flexibility for production of green, blue or grey
hydrogen as needed for the diverse and broadening range of hydrogen
applications."
FuelCell Energy, while headquartered in the
United States, operates a manufacturing and service center in
Germany that services the broader European market.
Cautionary Language
This news release contains forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, including,
without limitation, statements with respect to the Company’s
anticipated financial results and statements regarding the
Company’s plans and expectations regarding the continuing
development, commercialization and financing of its fuel cell
technology and its business plans and strategies. All
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
projected. Factors that could cause such a difference include,
without limitation, changes to projected deliveries and order flow,
changes to production rate and product costs, general risks
associated with product development, manufacturing, changes in the
regulatory environment, customer strategies, ability to access
certain markets, unanticipated manufacturing issues that impact
power plant performance, changes in critical accounting policies,
access to and ability to raise capital and attract financing,
potential volatility of energy prices, rapid technological change,
competition, the Company’s ability to successfully implement its
new business strategies and achieve its goals, the Company’s
ability to achieve its sales plans and cost reduction targets, and
the current implications of the novel coronavirus (Covid-19), as
well as other risks set forth in the Company’s filings with the
Securities and Exchange Commission. The forward-looking statements
contained herein speak only as of the date of this press release.
The Company expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any such statement to
reflect any change in the Company’s expectations or any change in
events, conditions or circumstances on which any such statement is
based.
About FuelCell Energy
FuelCell Energy, Inc. (NASDAQ:
FCEL) is a global leader in developing environmentally responsible
distributed baseload power solutions through our proprietary fuel
cell technology. We develop turn-key distributed power generation
solutions and operate and provide comprehensive services for the
life of the power plant. We are working to expand the proprietary
technologies that we have developed over the past five decades into
new products, markets and geographies. Our mission and purpose
remains to utilize our proprietary, state-of-the-art fuel cell
power plants to reduce the global environmental footprint of
baseload power generation by providing environmentally responsible
solutions for reliable electrical power, hot water, steam,
chilling, hydrogen, microgrid applications, and carbon capture and,
in so doing, drive demand for our products and services, thus
realizing positive stockholder returns. Our fuel cell solution is a
clean, efficient alternative to traditional combustion-based power
generation and is complementary to an energy mix consisting of
intermittent sources of energy, such as solar and wind turbines.
Our systems answer the needs of diverse customers across several
markets, including utility companies, municipalities, universities,
hospitals, government entities and a variety of industrial and
commercial enterprises. We provide solutions for various
applications, including utility-scale distributed generation,
on-site power generation and combined heat and power, with the
differentiating ability to do so utilizing multiple sources of fuel
including natural gas, Renewable Biogas (i.e., landfill gas,
anaerobic digester gas), propane and various blends of such fuels.
Our multi-fuel source capability is significantly enhanced by our
proprietary gas-clean-up skid.
Contact:
FuelCell Energy,
Inc.info@fce.com
Source: FuelCell Energy
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