FuelCell Energy’s international reputation for leadership in ultra-clean energy solutions has been built on a long history of innovative research and development that reflects the successes of our highly talented and creative workforce. We are the first fuel cell manufacturer to commercialize megawatt-class stationary fuel cell power plants and we believe that we are the first stationary fuel cell manufacturer to generate a quarterly gross profit.
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  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|
|2013||15 megawatt and 59 megawatt fuel cell parks commenced operation in North America and South Korea|
|2013||Two billion kwh of ultra-clean power produced since 2003|
|2014||Investment by NRG Energy (NYSE: NRG), the largest independent power producer in North America|