NasdaqGM:FCELElectrical
The Bull Case For FuelCell Energy (FCEL) Could Change Following 380MW Data Center Power Deal With Fit Energy
Earlier this week, Fit Energy USA LP entered into a multi-phase Capital Equipment Purchase Agreement with FuelCell Energy to buy carbonate fuel cell block systems totaling up to 380 megawatts of potential data center power capacity in the United States, starting with a committed 30 megawatts in phase 0 and long-term service agreements of 15 to 20 years per project.
An important feature of this agreement is that Fit Energy can elect additional phases at its discretion, tying future...