FuelCell Energy to Deliver Carbon Neutral Stationary Fuel Cell Power Plant for Data Center Project With Microsoft Corporation

FuelCell Energy to Deliver Carbon Neutral Stationary Fuel Cell Power Plant for
Data Center Project With Microsoft Corporation and State of Wyoming

  *Microsoft's Data Center Research Project in Cheyenne, Wyoming to be
    powered by fuel cell power plant 
  *Renewable biogas to be used to generate carbon neutral electricity that is
    virtually free of pollutants

DANBURY, Conn., Nov. 19, 2012 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc.
(Nasdaq:FCEL), a global leader in the design, manufacture and service of
ultra-clean, efficient and reliable fuel cell power plants, today announced a
project utilizing a stationary fuel cell power plant to support Microsoft's
latest data center research project. The power plant will utilize renewable
biogas generated by a wastewater treatment facility as the fuel source to
generate ultra-clean and carbon-neutral electricity to power Microsoft's Data
Plant project in Cheyenne, Wyoming. This sub-megawatt power plant project
enables Microsoft to evaluate the effectiveness of using FuelCell Energy power
plants to efficiently use on-site biogas to power future sustainable data
centers.

"With the demand for renewable energy resources outstripping available power
supplies today, Microsoft is researching new methods to help our operations
become more efficient and environmentally sustainable," said Gregg McKnight,
general manager, Data Center Advanced Development at Microsoft. "We're excited
by the potential for using stationary fuel cells to capture and recycle
natural byproducts like biogas. This project will study methods to provide an
economical and reliable power supply for data centers that is also scalable
and economical for use by other industries."

The sub-megawatt Direct FuelCell® (DFC®) power plant will be installed at the
Dry Creek Water Reclamation Facility in Cheyenne, Wyoming by Spring 2013. The
fuel cell plant will provide 200 kilowatts of power for Microsoft's Data Plant
which will be housed in a modular IT pre-assembled component (ITPAC) that will
house servers to recreate a data center environment. Excess power not used by
the data center will be provided to the water reclamation facility to offset
their electric costs. In the event of a grid outage, the Data Plant project
and fuel cell plant will be configured to operate independently to provide
continuous power.

"Our fuel cell technology is uniquely positioned to provide what other
megawatt-class power generation products can't, which is efficiently
converting renewable biogas into continuous baseload power right where the
biogas is generated and in a manner that is virtually absent of pollutants,"
said Chip Bottone, President and Chief Executive Officer, FuelCell Energy,
Inc."The economics of our on-site power generation solutions are well suited
for data centers, including the ability to use renewable biogas as a fuel
source to provide carbon neutral power."

A diverse coalition of entities is participating in bringing the project to
fruition, including the Cheyenne Board of Public Utilities, Cheyenne Light,
Fuel and Power Company, Western Research Institute, the University of Wyoming,
the Wyoming Business Council, and Cheyenne LEADS, the economic development
organization for Cheyenne and Laramie County, Wyoming.

The city of Cheyenne applied for a $1,500,000 Community Readiness grant
through the Wyoming Business Council's Business Ready Communities program
earlier this year to fund the needed infrastructure to support the Data Plant
project. The application has been recommended by the Business Council board at
its November 6, 2012 meeting and is on the December 6, 2012 agenda for the
Wyoming State Loan and Investment Board (SLIB) for a final decision.

"Although still in the application phase and the final decision has yet to be
made, this is a great project and an example of our broad efforts in advanced
energy technologies and clean carbon conversion in Wyoming," said Bob Jensen,
Chief Executive Officer, Wyoming Business Council. "Our board approved this
application and it will be voted on by the State Loan and Investment Board
December 6 for its final decision."

In May 2012, Microsoft announced their commitment to become carbon neutral
beginning in 2013.Reliable on-site power generation that is
environmentally-friendly is a key consideration for Microsoft as they evaluate
clean and renewable energy generation for their data centers which power the
company's cloud services and support more than 1 billion customers and 20
million businesses globally.

Stationary DFC power plants convert a fuel source into ultra-clean electricity
and usable high temperature heat suitable for making steam.DFC plants are
fuel flexible, capable of operating on clean and abundant natural gas,
renewable biogas, directed biogas and other fuels including propane.The fuel
cell generates electricity and heat electrochemically. Due to the absence of
combustion, virtually no pollutants are emitted. The almost complete absence
of nitrogen oxide (NOx), sulfur dioxide (SOx) and particulate matter is why
DFC plants are termed ultra-clean.

DFC plants can be located where biogas is generated and directly use the
biogas with only minimal cleaning of the gas. Biogas contains humidity, sulfur
and carbon dioxide (CO[2]). Prior to being used as a fuel source for the
Direct FuelCell, the humidity and sulfur must be removed, but the DFC
technology does not require the removal of the CO[2]. This is a cost advantage
as pipeline quality biogas, also termed directed biogas, must have the CO[2]
removed prior to being injected in the gas pipeline, which is an
energy-intensive process and adds cost.

Generating both clean electricity and usable heat from the same unit of fuel
enhances efficiency and reduces emissions. DFC power plants designed and
manufactured by FuelCell Energy, Inc. have the highest electrical efficiency
of any similar-sized baseload power generation.

The combination of near-zero pollutants, modest land-use needs, avoidance of
supporting transmission and distribution power lines, and quiet operating
nature of DFC plants facilitates their siting in populated areas.

About FuelCell Energy

Direct FuelCell® power plants are generating ultra-clean, efficient and
reliable power at more than 50 locations worldwide.With approximately 300
megawatts of power generation capacity installed or in backlog, FuelCell
Energy is a global leader in providing ultra-clean baseload distributed
generation to utilities, industrial operations, universities, municipal water
treatment facilities, government installations and other customers around the
world.The Company's power plants have generated more than one 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.For more information please visit our website at
www.fuelcellenergy.com

See us on YouTube at www.youtube.com/user/FuelCellEnergyInc?feature=watch

The FuelCell Energy, Inc. logo is available
athttp://www.globenewswire.com/newsroom/prs/?pkgid=3284

This news release contains forward-looking statements, including statements
regarding the Company's plans and expectations regarding the continuing
development, commercialization and financing of its fuel cell technology and
business plans. All forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from those
projected. Factors that could cause such a difference include, without
limitation, whether the Company is able to reach definitive agreements on the
terms contemplated in the memorandums of agreementwith POSCO Energy, general
risks associated with product development, manufacturing, changes in the
regulatory environment, customer strategies, potential volatility of energy
prices, rapid technological change, competition, and the Company's ability to
achieve its sales plans and cost reduction targets, as well as other risks set
forth in the Company's filings with the Securities and Exchange Commission.
The forward-looking statements contained herein speak only as of the date of
this press release. The Company expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any such statement
to reflect any change in the Company's expectations or any change in events,
conditions or circumstances on which any such statement is based.

Direct FuelCell, DFC, DFC/T, DFC-H2 and FuelCell Energy, Inc. are all
registered trademarks of FuelCell Energy, Inc. DFC-ERG is a registered
trademark jointly owned by Enbridge, Inc. and FuelCell Energy, Inc.

CONTACT: FuelCell Energy, Inc.
         Kurt Goddard, Vice President Investor Relations
         203-830-7494
         ir@fce.com
        
         Microsoft
         Waggener Edstrom Worldwide Rapid Response Team
         (503) 443-7070
         rrt@waggeneredstrom.com
        
         Cheyenne LEADS
         Annie Wood, Director of Marketing and Communications
         (307) 638-6000
         anniew@cheyenneleads.org

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