Corporate News Blog – FuelCell Energy to Host Fuel Cell Project with NRG Energy Center

Research Desk Line-up: Sempra Energy Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for FuelCell Energy, Inc. (NASDAQ: FCEL), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=FCEL. The Company announced on August 29, 2017, that it will team up with NRG Energy Center in Pittsburgh, Pennsylvania, owned by NRG Yield, to host a fuel cell power plant under a previously awarded US Department of Energy contract. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

http://protraderdaily.com/register/

Discover more of our free reports coverage from other companies within the Diversified Utilities industry. Pro-TD has currently selected Sempra Energy (NYSE: SRE) for due-diligence and potential coverage as the Company reported on August 04, 2017, its financial results for Q2 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Sempra Energy when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on FCEL; also brushing on SRE. Go directly to your stock of interest and access today’s free coverage at:

http://protraderdaily.com/optin/?symbol=FCEL

http://protraderdaily.com/optin/?symbol=SRE

The proposed power plant will deliver energy to the NRG Yield facility, which provides heating and cooling for more than six million square feet of commercial and residential facilities in downtown Pittsburgh.

Project Supports NRG Yield’s Focus on Integrating Energy Solutions

Cliff Blashford, General Manager of NRG Energy Center in Pittsburgh, stated that this project supports NRG Yield’s focus on identifying and integrating energy solutions that seek to improve efficiency, lower fuel consumption, and costs, and reduce its environmental footprint. He added that the Company is pleased to participate and to support Mayor Peduto’s vision of a smarter, cleaner, and more innovative energy future for Pittsburgh.

FuelCell Energy Leveraging Its Commercial Experience with this New Solution

Chip Bottone, President and Chief Executive Officer of FuelCell Energy, mentioned that the Company is leveraging its commercial experience with this new solution, including industry leading electrical efficiency plus thermal capabilities packaged in a design that installs quickly. Chip further stated that this application in Pittsburgh will be a demonstration of the use of the Company’s solid oxide fuel cell platform for efficient power generation. This common cell platform is also being used in other programs as the basis for its energy storage technology.

FuelCell Energy’s SOFC power generation technology generates industry-leading electrical efficiency of around 60%, along with usable heat for combined heat and power applications, resulting in total estimated thermal efficiency between 80% – 85%.

Fuel Cell Plant to Operate Solely on Clean Natural Gas

As per the agreement, the fuel cell plant hosted at the NRG facility will operate solely on clean natural gas. The technology is fuel flexible, and has the ability to use coal syngas, natural gas, on-site renewable biogas, or directed biogas. 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.

About FuelCell Energy, Inc.

Founded in 1969, FuelCell Energy is a global leader in delivering clean, efficient, and affordable fuel cell solutions configured for the supply, recovery, and storage of energy. Headquartered in Danbury, Connecticut, the Company provides comprehensive turn-key solutions for its customers that include everything from the design and installation of a project to the long-term operation and maintenance of the fuel cell system.

About NRG Yield

Incorporated in 2012, NRG Yield owns a diversified portfolio of contracted renewable and conventional generation and thermal infrastructure assets in the United States, including fossil fuel, solar, and wind power generation facilities. The Company is a subsidiary of NRG Energy, Inc. and is headquartered in New Jersey, United States.

Last Close Stock Review

FuelCell Energy’s share price finished yesterday’s trading session at $1.49, marginally up 0.68%. A total volume of 585.43 thousand shares have exchanged hands. The Company’s stock price skyrocketed 47.52% in the last three months. The stock currently has a market cap of $88.19 million.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 474290