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Stock Market & Financial Investment News

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December 12, 2011
09:11 EDTFCEL
theflyonthewall.com: FuelCell enters partnership agreement with Abengoa
FuelCell Energy announced a partnership agreement with Abengoa S.A. to develop localized stationary fuel cell power plants for markets in Europe and Latin America. Abengoa will develop, manufacture and market stationary fuel cell power plants using fuel cell modules provided by FuelCell Energy. The partners will target markets in Europe and Latin America for megawatt-class DFC power plants, focusing on municipalities, large industrial power users and facilities that generate renewable biogas. :theflyonthewall.com



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May 16, 2012
05:16 EDTFCEL
theflyonthewall.com: FuelCell Energy Solutions, GmbH acquires select s ssets from MTU Friedrichshafen
FuelCell Energy announced that its German subsidiary, FuelCell Energy Solutions GmbH, is acquiring select assets from MTU Friedrichshafen GmbH, a subsidiary of Tognum AG. The select assets include fuel cell component inventory and fuel cell manufacturing equipment of the former MTU Onsite Energy GmbH Fuel Cell Systems in Ottobrunn, Germany, which was merged with MTU Friedrichshafen GmbH. Parties to the agreement include FuelCell Energy, Inc., or FCE, FuelCell Energy Solutions GmbH, or FCES, MTU Friedrichshafen GmbH, and Fraunhofer IKTS, or Institute for Ceramic Technologies and Systems. Under the agreement, MTU will contribute fuel cell related intellectual property to Fraunhofer IKTS. Fraunhofer IKTS will become a minority owner in FuelCell Energy Solutions by June 30. FuelCell Energy Solutions, a German company, will develop the market for stationary fuel cell power plants in Europe for commercial, industrial, and utility scale applications. :theflyonthewall.com