FuelCell Energy, Inc. FCEL announced that NRG Energy, Inc.’s NRG Energy Center in Pittsburgh, PA will host a fuel cell power plant, which will provide energy to the facility. This is a part of the previously awarded contract from the U.S. Department of Energy.
A Detailed View
Once it goes live, the fuel cell power plant will supply energy to NRG Energy's facility. This facility provides heating and cooling to above six million square feet of commercial and residential facilities in downtown Pittsburgh.
According to NRG Energy, this project will support its plan of identifying and integrating energy solutions that focuses on improving efficiency, lowering fuel consumption and costs. The project will also aid the company in reducing carbon footprint on the environment.
FuelCell Energy will be leveraging its commercial experience with this new solution, including industry leading electrical efficiency plus thermal capabilities packaged in a design with a quick installation process.
Clean Energy via Fuel Cell Solution
Earlier in July, FuelCell Energy announced the conclusion of a digester gas purchase agreement and site lease with the City of Tulare, CA. Under the terms of the purchase agreement, the company will install, operate and maintain a fuel cell power plant operating on Tulare’s biogas waste water treatment facility. (Read More: FuelCell Energy to Supply Renewable Power to Californian Grid)
Other companies such as Plug Power Inc. PLUG and Ballard Power Systems Inc. BLDP are also taking steps toward introducing novel fuel cell alternatives. Earlier in July, Ballard Power collaborated with BAE Systems to supply five 150 kilowatt (KW) FCveloCity fuel cell engines to SunLine Transit Agency. Ballard’s Technology team and subsidiaries are known for progressively providing clean services to accelerate fuel cell development not only in the United States but also across other markets including Canada, China and Europe.
Price Movement
In the last year, FuelCell Energy has underperformed the Zacks categorized industry. The company’s shares have declined 71.9% against the industry’s gain of 6.5%.
Zacks Rank
FuelCell Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really take off.
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FuelCell Energy, Inc. FCEL announced that NRG Energy, Inc.’s NRG Energy Center in Pittsburgh, PA will host a fuel cell power plant, which will provide energy to the facility. This is a part of the previously awarded contract from the U.S. Department of Energy.
A Detailed View
Once it goes live, the fuel cell power plant will supply energy to NRG Energy's facility. This facility provides heating and cooling to above six million square feet of commercial and residential facilities in downtown Pittsburgh.
According to NRG Energy, this project will support its plan of identifying and integrating energy solutions that focuses on improving efficiency, lowering fuel consumption and costs. The project will also aid the company in reducing carbon footprint on the environment.
FuelCell Energy will be leveraging its commercial experience with this new solution, including industry leading electrical efficiency plus thermal capabilities packaged in a design with a quick installation process.
Clean Energy via Fuel Cell Solution
Earlier in July, FuelCell Energy announced the conclusion of a digester gas purchase agreement and site lease with the City of Tulare, CA. Under the terms of the purchase agreement, the company will install, operate and maintain a fuel cell power plant operating on Tulare’s biogas waste water treatment facility. (Read More: FuelCell Energy to Supply Renewable Power to Californian Grid)
Other companies such as Plug Power Inc. PLUG and Ballard Power Systems Inc. BLDP are also taking steps toward introducing novel fuel cell alternatives. Earlier in July, Ballard Power collaborated with BAE Systems to supply five 150 kilowatt (KW) FCveloCity fuel cell engines to SunLine Transit Agency. Ballard’s Technology team and subsidiaries are known for progressively providing clean services to accelerate fuel cell development not only in the United States but also across other markets including Canada, China and Europe.
Price Movement
In the last year, FuelCell Energy has underperformed the Zacks categorized industry. The company’s shares have declined 71.9% against the industry’s gain of 6.5%.
Zacks Rank
FuelCell Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
4 Surprising Tech Stocks to Keep an Eye On
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really take off.
See Stocks Now>>