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FuelCell Energy Incorporated to Supply Cell Modules and Components to POSCO Power
BANGALORE, INDIA--June 15, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--FuelCell Energy Incorporated (NASDAQ:FCEL) (Danbury, Connecticut), a developer of fuel cell power plants, has secured an order worth $58 million from POSCO Power (Seoul, South Korea), a subsidiary of steelmaker POSCO (NYSE:PKX) (Pohang, South Korea), for the supply of molten carbonate Direct FuelCell modules and components capable of generating 30.8 megawatts (MW) of power. The order is scheduled for delivery in 2010 and early 2011. POSCO Power has been a marketing and distribution partner of FuelCell Energy in South Korea since 2007.
Other companies featured: United Technologies Corporation (NYSE:UTX)
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Industry Segment: Power
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