Welcome to our dedicated page for Fuelcell Energy news (Ticker: FCEL), a resource for investors and traders seeking the latest updates and insights on Fuelcell Energy stock.
FuelCell Energy (NASDAQ: FCEL) specializes in clean energy innovation through advanced fuel cell and hydrogen production technologies. This page provides a centralized hub for all official company announcements, financial updates, and strategic developments.
Investors and stakeholders will find timely, verified information on FCEL’s progress in decarbonization, distributed power solutions, and electrolysis platforms. Key updates include earnings reports, partnership announcements, technology milestones, and regulatory filings.
The curated news collection covers press releases, financial results, project deployments, and industry collaborations. Each update is sourced directly from the company or reputable financial publications to ensure accuracy and relevance.
Bookmark this page for streamlined access to FCEL’s latest clean energy initiatives and operational developments. Check back regularly to stay informed on the company’s role in advancing sustainable power generation and hydrogen infrastructure.
FuelCell Energy, Inc. secured $13 million in senior and subordinated credit facilities from Liberty Bank and Connecticut Green Bank for two fuel cell projects in Derby, Conn. The funds will support the projects' operations, with Liberty Bank contributing $6.5 million and Connecticut Green Bank $3.0 million in senior commitments, as well as an additional subordinated credit facility of $3.5 million.
The financing, representing back leverage to a project finance subsidiary, closed on April 25, 2024, with the senior facility having a seven-year term at a fixed interest rate of 7.25%, and the subordinated facility at 14 years with an 8% interest rate. After transaction fees and debt service reserves, FuelCell Energy received approximately $11.6 million in net funding, enabling the company to pursue growth initiatives globally.
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