FuelCell to Build 5.6 Megawatts for Connecticut Utility

FuelCell Energy Inc. (FCEL), the company that built the world’s biggest fuel-cell power plant, won a contract to build and operate two 2.8-megawatt power plants in Connecticut for UIL Holdings Corp. (UIL)’s United Illuminating.

One plant, on an unused landfill in Bridgeport, will also include about 5 megawatts of a solar photovoltaic system and a second site will be determined in 30 days, Danbury, Connecticut-based FuelCell said today in a statement. The plants will be completed next year. The financial terms weren’t disclosed.

FuelCell completed a 59-megawatt project in South Korea in February, the world’s largest facility making electricity with fuel cells.

The shares rose 4.1 percent to $2.27 at the close in New York.

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Jasmina Kelemen, Will Wade

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