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FuelCell +14% on award of new fuel cell projects

Published 07/26/2017, 02:03 PM
© Reuters.  FuelCell +14% on award of new fuel cell projects
  • FuelCell Energy (FCEL +13.8%) announces the award of 39.8 MW of fuel cell projects by PSEG Long Island (PEG +0.3%) under the Fuel Cell Resources Feed-in Tariff; shares resume trading after a halt.
  • Under the program, Long Island Power Authority will purchase the power from the fuel cell projects under 20-year power purchase agreements; FCEL will install, operate and maintain the fuel cell power plants.
  • FCEL says the program will efficiently supply power for ~40K homes with predictable on-island generation that allows the utility to avoid transmission investments.
  • Now read: Strong Dividend Yields Via Dividend Champions


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