August 17, 2010 / 1:58 PM / 10 years ago

FuelCell sells 1.4MW fuel cell power plant to G3 Power

(Reuters) - FuelCell Energy Inc said it sold a 1.4 megawatt fuel-cell power plant to privately held G3 Power Systems Inc, the first under an agreement providing the company non-exclusive distribution rights for fuel-cell power plants.

FuelCell Energy, which makes fuel-cell power plants for electric power generation, said it will service the power plant under a five-year service agreement.

The power generated by the fuel-cell plant will meet almost all of the power needs of the Olivera Egg Ranch LLC, a poultry ranch in California, where it will be located and expected to be operational by mid 2011.

Novato, California-based G3, which provides fuel-cell installations along with engineering and construction services, entered into an non-exclusive distribution rights agreement with FuelCell in March.

Shares of FuelCell were up 2 percent at $1.21 Tuesday morning on Nasdaq.

Reporting by Antonita Madonna Devotta in Bangalore; Editing by Jarshad Kakkrakandy

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