Connecticut utilities ink deals with Danbury’s FuelCell
FuelCell Energy reached utility power-supply agreements for fuel cell installations in Derby and Hartford that will supply electricity for the equivalent of nearly 20,000 households or more, subject to final authorization by state regulators.
The Connecticut Department of Energy and Environmental Protection awarded the contract in June to FuelCell, which has its headquarters in Danbury and its main assembly plant in Torrington. Fuel cells create electricity through a chemical process that produce water as the primary emission.
FuelCell sales were up 17 percent to $12.1 million in its third fiscal quarter ending in July, with the company reporting a $15.9 million loss, a slight improvement from a $17 million loss a year earlier.
Alex.Soule@scni.com; 203-842-2545; @casoulman