FuelCell Energy, Inc. (FCEL) Secures 121.8 MW Order from South Korean Partner POSCO Energy Valued at $181M
FuelCell Energy, the Danbury, Connecticut-based designer, manufacturer, and operator/servicer of ultra-clean, highly efficient, and extremely reliable stationary fuel cell power plants for a variety of distributed generation roles, reported an order today valued at roughly $181M (multi-year contract) for 121.8MW of fuel cell kits and services via POSCO Energy, FCEL’s partner in South Korea. This comes as a result of POSCO Energy’s recent engagement under contract to execute on a joint-owned and developed 58.8MW fuel cell park project designed to meet targets set by South Korea’s ambitious 2012 RPS (renewable portfolio standard). The hardware will be manufactured at FCEL’s production…