FuelCell Energy CEO Jason Few Applauds “One Big Beautiful Bill Act” as Catalyst for U.S. Clean Energy Leadership

Rhea-AI Summary

FuelCell Energy (NASDAQ: FCEL) CEO Jason Few has endorsed the "One Big Beautiful Bill Act" (OBBBA), highlighting its significant support for the fuel cell industry. The legislation includes key provisions such as the reinstatement of the Investment Tax Credit (ITC) and preservation of federal tax credit transferability.

Few emphasized that the bill strengthens America's position in data center infrastructure and grid resilience. The OBBBA maintains full ITC eligibility for fuel cell technologies and includes modifications to hydrogen provisions, ensuring stability for existing investments. The legislation aims to promote U.S. clean energy leadership while supporting advanced manufacturing and job creation.

Positive

• Reinstatement of Investment Tax Credit (ITC) for fuel cell technologies
• Preservation of federal tax credit transferability benefits small and mid-sized companies
• Stabilization of hydrogen provisions protects existing investments
• Support for U.S. manufacturing and job creation in clean energy sector

Negative

• None.

DANBURY, Conn., July 07, 2025 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) President and CEO Jason Few has issued a statement praising the “One Big Beautiful Bill Act” (OBBBA) for its direct support of the fuel cell industry and its role in strengthening America’s energy infrastructure, data center resilience, and clean manufacturing base.

“The ‘One Big Beautiful Bill Act’ is a landmark for American energy leadership—and it’s time to set the record straight: clean energy was not sidelined,” said Few. “In fact, the bill includes direct, powerful provisions that support the fuel cell industry and reinforce the United States’ position as a global leader in data center infrastructure and grid resilience.”

Few highlighted the reinstatement of the Investment Tax Credit (ITC) as a key win for the sector. He also emphasized the importance of preserving the transferability of federal tax credits, calling it “very important—especially for small- and mid-sized companies—to maintain the ability to monetize these credits.”

FuelCell Energy also expressed support for Congress’ decision to modify hydrogen provisions in the bill, ensuring stability for companies that have already made significant investments in hydrogen.

“Supporters of the OBBBA deserve credit for moving the conversation toward a more inclusive, American-built and led, innovation-driven—and yes, clean—energy policy,” Few concluded.

Full Statement from Jason Few, President & CEO of FuelCell Energy

“The ‘One Big Beautiful Bill Act’ is a landmark for American energy leadership—and it’s time to set the record straight: clean energy was not sidelined. In fact, the bill includes direct, powerful provisions that support the fuel cell industry and reinforce the United States’ position as a global leader in data center infrastructure and grid resilience.

One of the most impactful elements of the legislation is the reinstatement of the Investment Tax Credit (ITC). By maintaining full ITC eligibility for fuel cell technologies, the bill ensures that companies like FuelCell Energy can continue to deploy U.S.-built platforms at scale. This is not just about clean energy—it’s about national competitiveness, energy security, and the infrastructure backbone of the AI economy.

The ITC’s flexibility—especially its transferability and long-term visibility—gives developers and investors the confidence to accelerate deployment. That means more resilient power for data centers, more stable grids in the face of extreme weather, and more American jobs in advanced manufacturing.

We especially applaud Congress’ decision to preserve the transferability of key federal tax credits. It’s particularly important for small- and mid-sized companies to maintain the ability to monetize these credits. That flexibility facilitates the financing they need to grow. If a mid-size, highly specialized manufacturer can go from one full-time production shift to two or even three, that’s more U.S. jobs and faster deployment of power solutions.

In addition, we support Congress’ decision to modify the hydrogen provisions in the OBBBA. We recognize that many companies have made significant investments in hydrogen. Congress made the right call in ensuring that those investments are not undermined by sudden policy shifts. That kind of stability is essential for long-term innovation.

Let’s be clear: the OBBBA doesn’t pick winners and losers—it recognizes the unique strengths of each clean energy technology. Fuel cells are dispatchable, scalable, and built for the demands of a digital, electrified future. This bill gives us the tools to lead.

We appreciate all the work that has been done in the House and Senate on behalf of the energy sector, and we believe the supporters of the OBBBA deserve credit for moving the conversation toward a more inclusive, American-built and led, innovation-driven—and yes, clean—energy policy.”

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 modules in commercial operation, we help customers achieve their immediate and future energy goals. Learn more at www.fuelcellenergy.com.

Contact:
FuelCell Energy
ir@fce.com
203.205.2491

Kathleen Blomquist
kblomquist@fce.com
203.546.5844

FAQ

What are the key benefits of the One Big Beautiful Bill Act for FuelCell Energy (NASDAQ: FCEL)?

The OBBBA reinstates the Investment Tax Credit (ITC) for fuel cell technologies and preserves tax credit transferability, supporting FCEL's deployment of U.S.-built platforms.

How does the OBBBA impact tax credits for fuel cell companies?

The bill maintains full ITC eligibility for fuel cell technologies and preserves the transferability of federal tax credits, particularly benefiting small and mid-sized companies.

What changes does the One Big Beautiful Bill Act make to hydrogen provisions?

The OBBBA includes modifications to hydrogen provisions that ensure stability for companies that have already made significant investments in hydrogen technology.

How will the OBBBA affect FuelCell Energy's business operations?

The legislation enables FCEL to deploy U.S.-built platforms at scale, supports data center power resilience, and promotes grid stability while facilitating financing through transferable tax credits.

What is FuelCell Energy CEO Jason Few's position on the OBBBA?

CEO Jason Few strongly supports the OBBBA, calling it a landmark for American energy leadership that provides direct support for the fuel cell industry and clean energy development.