FuelCell Energy Inc. (FCEL) is Charged Up for Growth
In 1969, Bernard Baker and Martin Klein founded Energy Research Corporation (ERC). Baker, an early fuel cell pioneer, and Klein, a chemical engineer, felt the future in power generation lay in this area of research. In 1999, the company took their battery research division on its own as a separate company, and renamed it FuelCell Energy Inc. Today, FuelCell Energy Inc. develops and produces stationary fuel-cell power plants for commercial, industrial, municipal, and utility customers. Their focus is to produce ultra-clean, safe, and high-efficiency fuel cells. Their "Direct FuelCell" (DFC) generates power at over 60 plants worldwide. Their DFC power…