FuelCell Energy Announces Increase in Annual Production and Creation of Over 100 New Manufacturing Jobs

FuelCell Energy Announces Increase in Annual Production and Creation of Over 100 New Manufacturing Jobs

DANBURY, Conn., July 18, 2018 (GLOBE NEWSWIRE) — FuelCell Energy, Inc.  (Nasdaq:FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced the increase in annual production to 55 megawatts from the current 25 megawatts run-rate. In conjunction with this action, FuelCell Energy will add over 100 manufacturing jobs at its Torrington, CT manufacturing facility to support the 120% increase in production rate.

“We are excited to commence our plan to expand production and welcome over 100 new employees to FuelCell Energy,” said Chip Bottone, President and Chief Executive Officer of FuelCell Energy, Inc. “With the support of Connecticut, last year we undertook the expansion of our manufacturing facility to better position FuelCell Energy for growth. We have seen steadily building momentum commercially, and the recent award from Connecticut’s Department of Energy and Environmental Protection (“DEEP”) of two projects totaling 22.2 megawatts provides the visibility we needed to commence hiring and increase our production. With approximately 85 megawatts of new projects slated for production over the next 18 months, and a very active pipeline of new projects, we are confident that this is the right time to take this action.”

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