Key Developments For FuelCell Energy, Inc.
FuelCell Energy, Inc. (FCEL.O) (Consolidated Issue listed on NASDAQ Global Market)
FuelCell Energy, Inc. Awarded $1.5 Million For Electrochemical Hydrogen Separator Research By U.S. Department Of Defense
FuelCell Energy, Inc. announced that the U.S. Department of Defense's Engineer Research and Development Center, Construction Engineering Research Laboratory (ERDC-CERL) awarded the Company approximately $1.5 million to continue development of its electrochemical hydrogen separator (EHS).The $1.5 million ERDC-CERL program will span twenty months and will support the scale-up of the EHS technology and establish readiness for a field demonstration.
FuelCell Energy, Inc. Announces Closing of $24.2 Million Registered Direct Offering
FuelCell Energy, Inc. announced that it closed its previously announced sale of approximately 6.7 million shares of its common stock at $3.59 per share in a registered direct offering. Net proceeds to the Company from the offering, after payment of placement agent fees and offering expenses, were approximately $22.5 million. The Company intends to use the net proceeds from this offering for product development, project financing, expansion of manufacturing capacity, and general corporate purposes. Canaccord Adams Inc. and Lazard Capital Markets LLC acted as placement agents for the offering.
FuelCell Energy, Inc. Announces $24.2 Million Registered Direct Offering
FuelCell Energy, Inc. announced that it entered into definitive agreements to sell 6.7 million shares of its common stock at $3.59 per share in a registered direct offering. The transaction is expected to close on June 19, 2009. FuelCell Energy intends to use the net proceeds from this offering for product development, project financing, expansion of manufacturing capacity, and general corporate purposes. Canaccord Adams Inc. and Lazard Capital Markets LLC acted as placement agents for the offering.
POSCO Power Orders FuelCell Energy, Inc.' FuelCell Energy Modules And Components With Estimated Value Of $58 Million
FuelCell Energy, Inc. announced that POSCO Power, South Korea's independent power producer, ordered 30.8 megawatts (MW) of FuelCell Energy Direct FuelCell (DFC) modules and components. The order represents an estimated sales value to the Company of $58 million and calls for delivery during 2010 and early 2011.
FuelCell Energy, Inc. Power Plant To Provide Ultra-Clean Energy For Government Buildings In California's Sonoma County
FuelCell Energy, Inc. announced the sale of a megawatt-class Direct FuelCell (DFC) power plant to California's Sonoma County to supply 100 percent of the baseload electricity needed to operate a county jail and county office buildings in Santa Rosa.
