FuelCell Energy, Inc. (FCEL) Receives New Order From Posco Power
FuelCell Energy, Inc. (Nasdaq: FCEL), today announced that POSCO Power, South Korea's leading independent power producer, has ordered 25.6 MW of FuelCell Energy power plants and fuel cell modules. FuelCell Energy is a manufacturer of high-efficiency, ultra-clean power plants using renewable fuels and other energy sources for commercial, industrial and utility customers. This order more than doubles FuelCell Energy's product backlog and represents nearly $70 million of sales projected for delivery in 2009. POSCO Power signed a 10-year manufacturing and distribution agreement with FuelCell Energy in early 2007. Posco Power has now ordered 38.2 MW of FuelCell Energy products to…