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LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for FuelCell Energy, Inc. (NASDAQ: FCEL), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=FCEL. The Company announced on August 29, 2017, that it will team up with NRG Energy Center in Pittsburgh, Pennsylvania, owned by NRG Yield, to host a fuel cell power plant under a previously awarded US Department of Energy contract. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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The proposed power plant will deliver energy to the NRG Yield facility, which provides heating and cooling for more than six million square feet of commercial and residential facilities in downtown Pittsburgh.

Project Supports NRG Yield's Focus on Integrating Energy Solutions

Cliff Blashford, General Manager of NRG Energy Center in Pittsburgh, stated that this project supports NRG Yield's focus on identifying and integrating energy solutions that seek to improve efficiency, lower fuel consumption, and costs, and reduce its environmental footprint. He added that the Company is pleased to participate and to support Mayor Peduto's vision of a smarter, cleaner, and more innovative energy future for Pittsburgh.

FuelCell Energy Leveraging Its Commercial Experience with this New Solution

Chip Bottone, President and Chief Executive Officer of FuelCell Energy, mentioned that the Company is leveraging its commercial experience with this new solution, including industry leading electrical efficiency plus thermal capabilities packaged in a design that installs quickly. Chip further stated that this application in Pittsburgh will be a demonstration of the use of the Company's solid oxide fuel cell platform for efficient power generation. This common cell platform is also being used in other programs as the basis for its energy storage technology.

FuelCell Energy's SOFC power generation technology generates industry-leading electrical efficiency of around 60%, along with usable heat for combined heat and power applications, resulting in total estimated thermal efficiency between 80% - 85%.

Fuel Cell Plant to Operate Solely on Clean Natural Gas

As per the agreement, the fuel cell plant hosted at the NRG facility will operate solely on clean natural gas. The technology is fuel flexible, and has the ability to use coal syngas, natural gas, on-site renewable biogas, or directed biogas. Fuel cells electrochemically convert a fuel source into electricity and heat in a highly efficient process that emits virtually no pollutants due to the absence of combustion.

About FuelCell Energy, Inc.

Founded in 1969, FuelCell Energy is a global leader in delivering clean, efficient, and affordable fuel cell solutions configured for the supply, recovery, and storage of energy. Headquartered in Danbury, Connecticut, the Company provides comprehensive turn-key solutions for its customers that include everything from the design and installation of a project to the long-term operation and maintenance of the fuel cell system.

About NRG Yield

Incorporated in 2012, NRG Yield owns a diversified portfolio of contracted renewable and conventional generation and thermal infrastructure assets in the United States, including fossil fuel, solar, and wind power generation facilities. The Company is a subsidiary of NRG Energy, Inc. and is headquartered in New Jersey, United States.

Last Close Stock Review

FuelCell Energy's share price finished yesterday's trading session at $1.49, marginally up 0.68%. A total volume of 585.43 thousand shares have exchanged hands. The Company's stock price skyrocketed 47.52% in the last three months. The stock currently has a market cap of $88.19 million.

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SOURCE: Pro-Trader Daily