FuelCell Energy, Inc.

FuelCell Energy, Inc. is an American clean energy technology and manufacturing company headquartered in Danbury, Connecticut. The company's core business involves the development, design, production, and servicing of high-temperature fuel cells for clean electric power generation. Its mission is to deliver efficient, affordable, and clean solutions for the supply, recovery, and storage of energy, aiming to help organizations and communities achieve net-zero carbon emissions by decarbonizing power and producing hydrogen.

FuelCell Energy provides proprietary molten carbonate fuel cell systems that generate electricity with ultra-low emissions and high efficiency. Their commercial product portfolio, based on a carbonate electrochemical platform, supports power generation and combined heat and power applications using various fuels, including natural gas, biogas, renewable natural gas, and hydrogen. The company also offers carbon capture solutions and local hydrogen production, serving utilities, data centers, industrial facilities, and commercial and industrial customers across the United States, South Korea, Europe, and Canada.

Led by CEO and President Jason Few, FuelCell Energy recently announced a strategic agreement on June 24, 2026, with Fit Energy USA LP for up to 380 megawatts (MW) of clean, baseload on-site power for data centers, with an initial 30 MW delivery expected to commence later in 2026. This significant deal has led to analyst upgrades and underscores the company's strategic positioning in the rapidly growing AI and data center market, which demands reliable on-site power solutions. FuelCell Energy is actively scaling its operations to an annual capacity of 500 MW to meet this increasing demand, aligning with the broader fuel cell market's projected growth driven by global decarbonization efforts.