FuelCell Energy Announces Manufacturing Expansion Project to Reduce Costs and Position for Growth

By | October 29, 2014

FuelCell Energy, Inc., a global leader in the design, manufacture, operation and service of ultra‐clean, efficient and reliable fuel cell power plants, today announced a two stage expansion project to improve manufacturing and logistics efficiency and position the company for continued global growth. The existing manufacturing facility will be expanded in the first stage and production equipment will be added in the second stage. The State of Connecticut has extended a financial package through the Department of Economic and Community Development for both stages, including $20 million of low interest long-term loans and up to $10 million of tax credits, predicated on certain terms and conditions, including the forgiveness of 50 percent of the loan principal if certain job retention and job creation targets are reached.

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