UPDATE 1-FuelCell gets $2.1 mln subcontract, shares jump

Wed Mar 10, 2010 5:56pm EST

* Gets subcontract from Air Products * Says to demonstrate its DFC-H2 technology

* Shares up 9 pct in extended trading

March 10 (Reuters) - FuelCell Energy Inc (FCEL.O) said it won a $2.1 million subcontract from Air Products (APD.N) to incorporate its technology in a hydrogen fueling station being developed by Air Products, sending FuelCell's shares up 9 percent in after market trade. FuelCell, which makes fuel-cell power plants for electric power generation, said the technology incorporated in the hydrogen fueling station, DFC-H2, can produce clean power, heat and renewable hydrogen.

The hydrogen will supply the hydrogen fueling station developed and to be installed by Air Products at the Orange County Sanitation District's (OCSD) wastewater treatment facility in Fountain Valley, California.

The prime contract to demonstrate a renewable hydrogen fueling station was awarded to Air Products by the California Air Resources Board and supported by the South Coast Air Quality Management District, and U.S. Department of Energy.

Shares of the company were up 9 percent at $3.21 Wednesday after market close. They closed at $2.95 on Nasdaq. (Reporting by Thyagaraju Adinarayan in Bangalore; Editing by Jarshad Kakkrakandy)

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