Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

FuelCell Energy Announces Teaming and Co-Marketing Agreement With NRG Energy for Ultra-Clean, Efficient and Reliable Fuel Cell

FuelCell Energy Announces Teaming and Co-Marketing Agreement With NRG Energy
for Ultra-Clean, Efficient and Reliable Fuel Cell Power Plants

  * NRG Energy to provide customer financing option using power purchase
  * Expands sales channel for FuelCell Energy
  * Provides ultra-clean on-site baseload power option for NRG Energy

DANBURY, Conn., Sept. 4, 2013 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc.
(Nasdaq:FCEL), a global leader in the design, manufacture, operation and
service of ultra-clean, efficient and reliable fuel cell power plants, today
announced a co-marketing agreement with NRG Energy (NYSE:NRG) for the
marketing and sales of FuelCell Energy power plants. NRG will market the power
plants to its customer base, offering a financing option utilizing a power
purchase agreement whereby NRG will purchase and own the power plant and sell
the ultra-clean electricity and high quality heat to the end-user or the
customer can purchase the power plant. The agreement also includes the option
of NRG Energy purchasing and owning fuel cell power plants for its own
portfolio and selling the power to the electric grid. FuelCell Energy is
expected to install, operate and maintain each power plant owned or sold by

"This new relationship helps to round out our distributed power generation
portfolio, offering our customers efficient, clean, continuous on-site power,"
said Tom Gros, President, NRG Solutions. "Baseload combined heat and power
(CHP) fuel cells have virtually zero emissions, making them well-suited to
provide reliable electricity, hot water, steam or absorption chilling to
universities, hospitals, and other large power users."

For customers who want to enjoy the benefits of fuel cell generated power but
prefer not to own the power plant directly, NRG will purchase the power plant
from FuelCell Energy, retain ownership of the plant and sell the power to the
customer through a long-term power purchase agreement.     

"We are pleased to be partnering with NRG Energy, the largest independent
power producer in North America and a leader in the adoption of clean and
renewable power generation," said Chip Bottone, President and Chief Executive
Officer, FuelCell Energy, Inc. "This relationship leverages our experience and
resources, opening new geographies and customers for our highly efficient and
virtually emission free distributed power generation solutions." 

Fuel cells electrochemically convert a fuel source into electricity and heat
in a highly efficient process that emits virtually no pollutants due to the
absence of combustion. The stationary fuel cell power plants manufactured by
FuelCell Energy are fuel flexible, capable of operating on natural gas,
on-site renewable biogas, or directed biogas. The power plants provide
continuous baseload power and can be sited where the power is used, including
both on-site applications and electric grid support. The combination of
near-zero pollutants, modest land-use needs, and quiet operating nature of
these stationary fuel cell power plants facilitates locating the power plants
in urban locations.

About NRG

NRG is at the forefront of changing how people think about and use energy. We
deliver cleaner and smarter energy choices for our customers, backed by the
nation's largest independent power generation portfolio of fossil fuel,
nuclear, solar and wind facilities. A Fortune 500 company, NRG is challenging
the U.S. energy industry by becoming one of the largest developers of solar
power, building the first comprehensive electric vehicle ecosystem, and
providing customers with the most advanced smart energy solutions to better
manage their energy use.  In addition to 46,000 megawatts of generation
capacity, enough to supply nearly 40 million homes, our retail electricity
providers – Reliant, Green Mountain Energy and Energy Plus – serve more than
two million customers. More information is available at

About FuelCell Energy

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, 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 1.7 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

See us on YouTube

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

FuelCell Energy Logo
Sponsored Links
Sponsored Links