FuelCell Energy, Inc. (NASDAQ: FCEL) is a global fuel cell power company. It develops and operates cell fuel power plants, Direct FuelCell power plants, to electrochemically produce electricity and heat from a range of basic fuel materials including natural gas and coal, etc. As the biggest publicly traded fuel cell manufacturer in the U.S., the company owns about 50 plants all over the world. Besides, it owns and operates the world’s largest fuel cell park, Gyeonggi Green Energy Fuel cell park, which is located in South Korea. The park consists of 21 power plants with 14.9 Megawatt with providing electricity to a number of customers in South Korea. The company has two markets including ultra-clean power, based on clean natural gas, and renewable power operating on renewable biogas. Its customer base covers a wide range of commercial and industrial enterprises worldwide including utility companies, municipalities, universities, etc.

Long history of innovation and achievement

FuelCell Energy traces its roots back to 1969 and the founding of Energy Research Corporation (ERC) by early fuel cell pioneers Bernard Baker and Martin Klein, both chemical engineers with expertise in advanced battery technologies.

In the 1970′s, with funding from the U.S. military and utility companies, the Company conducted extensive research into low-temperature fuel cells as well as silver-zinc battery cells. In the 1980′s and 1990′s the Company switched its focus to high-temperature carbonate fuel cell systems which offered greater commercial applications due to the ability to internally reform readily available fuels such as natural gas and renewable biogas within the fuel cell itself to provide the hydrogen for the power generation process.

Our first commercial power plant was installed in 2003 using a 250 kilowatt (kW) fuel cell stack. Through technology enhancements and cost reductions, we have increased the power output of the stacks by 40 percent to 350 kW and reduced product costs by more than 60 percent. Today we are installing multi-megawatt fuel cell plants and fuel cell parks globally.

The production facility in Torrington, Connecticut, USA was completed in 2001 and produced [2] megawatts (MW) of product the first year. As of the end of fiscal year 2012, the plant was producing at an annual run-rate of 56 MW. The total annual capacity of the facility is 90 MW.

FuelCell Energy began expanding globally in 2007 through its partnership with POSCO Energy , targeting markets in Southeast Asia, particularly South Korea. A European manufacturing, sales and service presence was established in 2012, with German-based FuelCell Energy Solutions, GmbH.

More than four decades of energy leadership

1969   Company founded as Energy Research Corporation (ERC)

1992   120 kilowatt fuel cell stack demonstrated

1992   Initial Public Offering (IPO)

1996   2 megawatt demonstration plant installed in Santa Clara, California

1999   Company focuses on carbonate fuel cells, is renamed FuelCell Energy, Inc. &      spins off battery division, Evercel

2003   First commercial installation of a Direct FuelCell® power plant

2003   Annual production of approximately 3 megawatts

2007   POSCO Energy partnership begins – global expansion commences

2007   Annual production of approximately 11 megawatts

2009   Production of 350 kilowatt stack commences

2011   Power output milestone reached with one billion kWh of ultra clean electricity produced since 2003

2011   11 megawatt fuel cell park commences operations in South Korea

2011   Annual production of approximately 46 megawatts

2012   European presence established with FuelCell Energy Solutions, GmbH

2012   Asian manufacturing strategy implemented through license agreement with POSCO Energy

We are new to investing on the stock market and in now way are we experts on investing. We are square foot famers who are interested in a cleaner, more efficient tomorrow. We understand the risks/reward analysis of investing in clean energy and the investments we choice to invest in are not short term investments. We invest in how we would like the energy market to trend towards. Please invest in your future according to your own research. We wish you the best of luck.

Read more about FuelCell Energy Inc. here

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