FuelCell Energy Announces Leadership Transition: Mike Hill Named Chief Commercial Officer to Replace Departing Mark Feasel

Rhea-AI Summary

FuelCell Energy announces a significant leadership change as Mike Hill takes over as Chief Commercial Officer, replacing Mark Feasel. Hill brings extensive experience from industry giants like General Electric, ABB, and Danfoss Power Systems.

Hill's appointment comes at a crucial time, following his role as president of global sales at Danfoss Power Solutions. His 20-year tenure at GE and nine years at ABB Power Generation, combined with his engineering background and MBA, positions him well to drive FuelCell's commercial growth.

The outgoing CCO, Mark Feasel, who joined in 2022, strengthened the company's sales team and expanded market presence in Korea and data centers. FuelCell Energy recently formed a partnership with Diversified Energy and TESIAC to provide 360 megawatts of electricity to data centers across Virginia, West Virginia, and Kentucky.

Positive

• New CCO Mike Hill brings extensive commercial experience from major companies like GE, ABB, and Danfoss Power Systems
• Recent partnership to supply 360 megawatts of electricity to data centers across three locations
• Successful market expansion in Korea under previous CCO's leadership
• Development of new strategies for high-demand markets like data centers and e-fuels

Negative

• Departure of Mark Feasel, who successfully reshaped sales operations since 2022
• Leadership transition period could temporarily impact commercial operations

DANBURY, Conn., April 30, 2025 (GLOBE NEWSWIRE) -- FuelCell Energy (NASDAQ:FCEL) today announced a key commercial leadership transition. Industry veteran Mike Hill was appointed as the company’s new Chief Commercial Officer, replacing Mark Feasel.

Hill brings extensive commercial experience in power generation, water, and hydraulics from his career with globally recognized companies, including General Electric, ABB, and, most recently, Danfoss Power Systems.

FuelCell Energy President and CEO Jason Few said, “We are pleased to welcome Mike to FuelCell Energy and look forward to working with him to capitalize on the growing resurgence in electricity demand that will be met with distributed power platforms. He has built a reputation as a transformational growth sales leader, and we are excited to support his agenda to drive top-line growth for the company.”

Feasel joined FuelCell Energy in 2022 and played a pivotal role in reshaping and strengthening the company’s sales team. His leadership helped to expand market traction in Korea and in developing new strategies to address high-demand markets such as data centers and e-fuels.

Few commented, “Mark's teamwork, leadership, and strategic insight provided a framework for our sales operations, driving measurable improvements in our performance and positioning us well for continued success. His impact on our organization has been substantial. We sincerely appreciate his dedication, vision, and the many contributions he has made. On behalf of the company and the board of directors, we wish him well as he embarks on his next chapter and are confident that he will continue to achieve great success.”

Hill joins FuelCell Energy from Danfoss Power Solutions, where he was president of global sales. Prior to that position, he spent more than 20 years at General Electric in various global commercial leadership positions across the company’s Power and Water divisions, in both the U.S. and Japan. Hill also worked for nine years with ABB Power Generation, in both the U.S. and Sweden.

Hill said, "I am honored to join FuelCell Energy at such a pivotal time for the energy industry. The growing demand for reliable and sustainable energy solutions presents a tremendous opportunity for us to drive innovation and growth. I look forward to working with the talented team at FuelCell Energy to contribute to the company's success."

Hill started his career in steam and gas turbine performance/application engineering before moving into sales. Hill holds a master’s degree in business administration from the University of Richmond in Virginia, U.S., as well as a bachelor’s degree in mechanical engineering and a minor in international economics from the University of California, San Diego.

FuelCell Energy is a global leader in providing large-scale, always-on, power solutions and emissions management for customers, especially data centers that are increasingly in need of electricity. In March, FuelCell Energy announced a partnership with Diversified Energy Co. and TESIAC to address the urgent energy needs of data centers by supplying as much as 360 megawatts of electricity to three distinct locations in Virginia, West Virginia, and Kentucky.

About FuelCell Energy

FuelCell Energy, Inc. provides clean, reliable future-ready solutions that allow customers to access power faster and manage their emissions while keeping their operations running. Our efficient, scalable, and fuel-flexible systems—running on natural gas, biofuels, or hydrogen—provide steady baseload, grid-independent electricity worldwide. With more than 55 years of expertise and nearly 200 plants deployed, we help customers achieve their immediate and future energy goals. Learn more at www.fuelcellenergy.com.

Contacts:

Investor Relations:
ir@fce.com 
203.205.2491

Media:
kblomquist@fce.com
203.546.5844

FAQ

Who is Mike Hill, the new Chief Commercial Officer of FuelCell Energy (FCEL)?

Mike Hill is an industry veteran who joins FCEL from Danfoss Power Solutions, where he was president of global sales. He has over 20 years of experience at GE Power and Water, 9 years at ABB Power Generation, and holds an MBA from the University of Richmond and a mechanical engineering degree from UC San Diego.

What is FuelCell Energy's (FCEL) new data center power initiative announced in March 2025?

FCEL partnered with Diversified Energy Co. and TESIAC to provide 360 megawatts of electricity to three data center locations across Virginia, West Virginia, and Kentucky, addressing the growing demand for reliable power solutions in the data center sector.

Why did Mark Feasel leave FuelCell Energy (FCEL) in 2025?

The press release does not specify why Mark Feasel left FCEL, but acknowledges his contributions since 2022 in reshaping the sales team, expanding market presence in Korea, and developing strategies for data centers and e-fuels markets.

What markets did FuelCell Energy (FCEL) expand into under Mark Feasel's leadership?

Under Mark Feasel's leadership, FCEL expanded its market presence in Korea and developed new strategies targeting high-demand markets, specifically data centers and e-fuels sectors.

What is Mike Hill's background in power generation before joining FuelCell Energy (FCEL)?

Before FCEL, Hill worked in global commercial leadership roles at GE Power and Water for over 20 years in both U.S. and Japan, spent 9 years at ABB Power Generation in U.S. and Sweden, and started his career in steam and gas turbine engineering.