FuelCell Energy Commemorates Fuel Cell Microgrid Project Groundbreaking with Naval Submarine Base New London (SUBASE) and Connecticut Municipal Electric Energy Cooperative (CMEEC)

FuelCell Energy Commemorates Fuel Cell Microgrid Project Groundbreaking with Naval Submarine Base New London (SUBASE) and Connecticut Municipal Electric Energy Cooperative (CMEEC)

FuelCell Energy Commemorates Fuel Cell Microgrid Project Groundbreaking with Naval Submarine Base New London (SUBASE) and Connecticut Municipal Electric Energy Cooperative (CMEEC)

DANBURY, Conn., July 25, 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 groundbreaking on two SureSource 4000™ power plants at the U.S. Navy Submarine Base in Groton, CT for the long-term supply of 7.4 megawatts of power.  The highly efficient fuel cell power generation project minimizes carbon output while providing continuous power to the strategic military base. The U.S. Navy continues to purchase power from CMEEC and Groton Utilities, who in turn purchases the power from FuelCell Energy under a 20 year power purchase agreement.  This pay-as-you-go structure enables CMEEC and the Navy to avoid a direct investment in owning the power plant which will be operated and maintained by FCE.

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