FuelCell Energy Inc. (FCEL) Announces California Legislation to Extend Green Energy Incentives through 2015
FuelCell Energy Inc. is a global leader in the development and production of stationary fuel cells with established partnerships with major power plant developers and power companies around the world. The company recently announced that California Governor Arnold Schwarzenegger signed legislation set to promote continued development and use of alternative energy technologies through 2015; in response, FuelCell said it expects the legislation to boost demand for its fuel-cell products. Governor Schwarzenegger signed an extension to the Self-Generation Incentive (SGIP) program to extend funding for various clean energy technologies, including FuelCell’s ultra-clean stationary fuel cell power plants. Since its inception in…