Oct 08

FuelCell Energy raises $117m to advance business goals—H2 View

FuelCell Energy has raised approximately $177m to advance its business growth goals within the hydrogen and fuel cell market.

In a recent announcement, the Connecticut-based company said it’s dedicated to growing its platform and sales pipeline of opportunities in South Korean and Asian Markets, something that the new capital will push forward.

FuelCell Energy is also continuing to advance its projects in other geographies, such as the development of its tri-generation hydrogen technology platform located at the Port of Long Beach, California, to serve the hydrogen-powered Toyota vehicles at the site.

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