Mentioned:
FuelCell Energy has just landed fresh funding from the United States government. But, why?
What’s happening:
- FuelCell Energy (NASDAQ: FCEL) has been awarded approval for a $49M USD loan from the United States Export-Import Bank
Why it matters:
- This is the single largest financing package that the United States Export-Import Bank has ever awarded to FuelCell Energy
Going deeper:
- FuelCell Energy has publicly stated that they will use the new loan from the United States Export-Import Bank to support the delivery of five 2.8 megawatt FuelCell Energy Blocks to Gyeonggi Green Energy located in South Korea
- FuelCell Energy also just recently made major waves when they struck a new deal with Fit Energy to deploy up to 380 megawatts of on-site power for data centres using FuelCell Energy’s fuel cell technology
