FuelCell Energy : First Quarter 2025 Financial Results and Business Update

Published: 2025-03-11 08:17:04 ET FCEL

First Quarter of Fiscal Year 2025

Financial Results & Business Update

FuelCell Energy Snapshot

FuelCell Energy is a clean technology and manufacturing company dedicated to improving energy efficiency, resilience and security with low-to-zero carbon solutions.

Who we are

A global leader in electrochemical technology 1,2

U.S. patents and

208 patents pending

covering our fuel cell

technology

Years of proven utility-

scale distributed power

generation

188

Modules in

Commercial Operation 3

FCEL

NASDAQListing:

491 Patents and patents pending in other jurisdictions covering our fuel cell technology

16 Million MWh generated with patented technology

3 Continents

HQ Danbury,Connecticut

1 Patents held by FuelCell Energy, Inc., and our subsidiary Versa Power Systems, Inc.

2 As of January 31, 2024.

3 As of January 31, 2024; certain sites have multiple platforms. As an example, our 14 MW Derby, CT project site has five SureSource 3000 platforms

containing a total of ten modules.

Key Messages

Strategic announcements subsequent to quarter end:

Planned Partnership with Diversified Energy for large-

scale deployment of carbonate fuel cells for datacenter

applications and joint development agreement with

MMHE for co-development of large-scale electrolyzers

Announced in January 2025 the 7.4MW project to be

constructed in Hartford, CT; Continued site civil

construction with Ameresco for the Sacramento Sewer

District microgrid biofuel project

Advanced demonstration projects including module

manufacturing for Exxon Rotterdam demonstration

project; Completed delivery of Idaho National Laboratory

solid oxide electrolysis (SOEC) demonstration unit

Advanced production of GGE replacement modules

slated to ship later in 2025 and 2026

Managed costs effectively, following through with

restructuring plans announced in November 2024

New signage at the construction site of the carbon capture demonstration project with Esso Nederland in Rotterdam, The Netherlands

Powerhouse Business Strategy

Focus

Significant Market

Opportunities

Scale

Our Existing Platform to

Support Growth

Innovate

For the Future

Operational

Update

Collaboration to Power Data Centers Using Coal Methane

Diversified Energy, FuelCell Energy, and TESIAC announced a strategic partnership intended to address the urgent energy needs of data centers by supplying as much as 360 megawatts of electricity to locations in Virginia, West Virginia and Kentucky.

18-24 months.

Accelerated Data Center Deployment

Info Graphic

Malaysia Marine and Heavy Engineering (MMHE) JDA

Collaboration to co-develop large-scale H2 production systems and technologies across Asia, New Zealand, and Australia

Collaboration to support a Detailed Feasibility Study

Will bring together modular solutions to support rapid deployment of commercial hydrogen production

Affirming our commitment to advancing green energy solutions

Note: Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) is a wholly owned subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (KLSE: MHB)

Development and Operational Updates

Product Development

Carbon Capture module in Torrington, CT being prepared for shipment to Rotterdam

Commercial Deployment

Korea - GGE Update

Carbon Recovery platform located in Torrington, CT

Disclaimer

FuelCell Energy Inc. published this content on March 11, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 11, 2025 at 12:16:06.363.