** COWENS’- Robert Stone also noted that FuelCell has a pipeline of 310MW (220MW N. America, 90MW in Europe), and POSCO has 300MW in Asia. Since completing the flagship 60MW project, POSCO has already announced two new projects totaling 60MW. FuelCell expects to close 30MW of new orders in H1:F14. A marketing partnership with NRG was signed in Q4:F13; RFPs are expected in four states from utilities or government entities, including existing CA customers . On recent gains being made by FuelCell, as well as peers Ballard Power , and Plug Power (, Stone commented, We believe a common element for the group is that they represent emerging technologies, which, after many years of development, are transitioning toward profitability.
___ We announced a 5.6 megawatt award from United Illuminating, one of Connecticut's two electric utilities for two 2.8 megawatt DFC 3000 power plants. This represents the second-largest fuel cell power plant award we have ever received in North America. Both plants will provide clean and continuous power to the electric grid, enhancing the resiliency of the grid in a manner that supports environmental policies. We will operate these plants for UI under 20-year service agreements.
__The company has bagged a 1.4 megawatt power project from the University of Bridgeport, based on its on-site combined heat and power configuration. The company has landed many similar projects with favorable sales mix, which should improve its long-term prospects.++++March 2014+++++ 1) FuelCell Energy, Inc -----Update on key business FuelCell Energy Inc -AUG 2014 Thursday that it had received equity and debt financing from NRG Energy Inc . The Danbury, Connecticut-based company has sold 14.6 million of its shares to NRG Energy at $2.39 per share for a total value of $35 million. NRG also has an option to buy another two million shares at $3.35 per share over the next three years.highlights. - ^__^^A^^^^ 59 megawatt (MW) fuel cell park installed by POSCO Energy is fully operational _____B$$$$$$$$$$15 MW Bridgeport fuel cell park commissioned on schedule and accepted by utility owner ---C&&&&Groundbreaking for 20 MW fuel cell park in South Korea to support the electric grid and a railroad depot ____ @@@@@@3.7 MW's of new fuel cell module orders to support Korea market demand DANBURY, Conn., March 10, 2014 (GLOBE NEWSWIRE) -- ****e * FuelCell Energy (the Company) reported total revenues for the first quarter of 2014 of $44.4 million compared to $36.4 million for the first quarter of 2013. - _____ Backlog totaled $326.8 million at January 31, 2014 compared to $428.3 million at January 31, 2013. __________ Business Highlights "We remain on track for closing multiple megawatts of orders and my confidence level is high as we have negotiated contracts for projects where we are waiting on final customer or regulatory approval," said Chip Bottone, President and Chief Executive Officer, FuelCell Energy, Inc. "Inquiries and activity levels globally remain high as we work to convert pipeline into backlog, supported by the validation from on-time completion of multi-megawatt fuel cell parks on two different continents." - **** Torrington, Connecticut during 2014 under a U.S. Department of Energy Advanced Manufacturing Office program to demonstrate distributed hydrogen generation for industrial applications. *******The tri-generation fuel cell installation at the Vancouver, Canada landfill is expected to be commissioned during the second quarter of 2014. - *******In Europe, the Fenchurch office tower in London's financial district is nearing completion and the fuel cell energy power plant is expected to be commissioned during the second quarter of 2014. - ******Construction of the fuel cell component manufacturing facility in South Korea by POSCO Energy is progressing on schedule. Growing demand for multi-megawatt fuel cell parks supports the need for additional global manufacturing capacity. ******In Asia, the Gyeonggi Green Energy 59 megawatt fuel cell park in South Korea composed of 21 DFC3000® power plants is fully operational, delivering ultra-clean electricity to the grid and high quality heat to a district heating system. The fuel cell park was installed by POSCO Energy using fuel cell components supplied by FuelCell Energy. Separately, a groundbreaking was held in February 2014 for a 19.6 megawatt fuel cell park located at a railroad depot in Seoul City. *******In North America, the 14.9 megawatt Bridgeport fuel cell park was completed on schedule in December, 2013 and accepted by Dominion, ******* "We had 74 megawatts of fuel cell parks become fully operational during the first quarter of 2014, - *****Direct FuelCell® power plants are generating ultra-clean, efficient and reliable power at more than 50 locations worldwide. With more than 300 megawatts of power generation capacity installed or in backlog DEPT OFENERGY BACKED- 2.8 Million Award From the U.S. Department of Energy Advanced Manufacturing Office to Demonstrate Tri-Generation Capability of Stationary Fuel Cells for Industrial Applications – (HEAT ENERGY, HYDROGEN, Electricity) **GREEN ***"In addition to offering ultra-clean electricity and usable high quality heat, this fuel cell installation will provide reliable on-site hydrogen production that has the potential to reduce costs associated with purchasing, transporting and storing hydrogen. - ***PROVEN!!!!!!!!!!!! ********The Company's power plants have generated more than two billion kilowatt hours of ultra-clean power using a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas