FuelCell Energy, Inc.
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FuelCell Energy, Inc. - overview
Established
2003
Location
Danbury, CT, US
Primary Industry
Power & Utilities
About
FuelCell Energy, Inc. specializes in providing innovative clean energy solutions utilizing fuel cell technology to deliver reliable, low-carbon distributed energy generation and optimize energy production with minimal emissions. FuelCell Energy, Inc. is a clean energy company based in Danbury, US, focusing on the development of fuel cell systems.
The company has not undergone significant pivots or changes in its business strategy. Founded by individuals with expertise in energy systems, FuelCell Energy has established itself as a player in the clean energy sector. The current CEOs are Chip Bottone and Jason Few. FuelCell Energy has successfully executed 1 deal, the most recent being on 7 November 2019.
FuelCell Energy offers a range of innovative clean energy solutions centered on fuel cell technology, including carbonate fuel cell systems and microgrid systems. Their core products deliver reliable, low-carbon distributed energy generation, efficient combined heat and power (CHP), and biogas systems tailored for industrial power generation, campus energy management, and hydrogen production. The company serves various clients, including data centers, hospitals, universities, and utilities across North America, Europe, and Asia, addressing energy reliability and sustainability challenges. FuelCell Energy generates revenue through direct sales of proprietary fuel cell systems and service agreements with clients.
The company focuses on B2B transactions with industries requiring large-scale power solutions, involving flagship products like the 1500 and 3000 carbonate fuel cell systems. This pricing structure reflects the complexity and customization of their systems, fostering long-term partnerships and a steady revenue stream from service and maintenance contracts. FuelCell Energy is actively working on developing new products aimed at enhancing their clean energy solutions. While specific product launch dates are not detailed, the company is exploring opportunities to expand into additional markets in Europe and Asia by the end of 2024.
The funds from the most recent deal on 7 November 2019 are expected to support these initiatives and facilitate the development of new technologies to strengthen their market position.
Primary Industry
Power & Utilities
Sub Industries
Electric Utilities
Website
www.fuelcellenergy.com
Total Amount Raised
Subscriber access only
FuelCell Energy, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | FuelCell Energy, Inc. | - | ||||||||
| Buyout | Completed | Global Thermoelectric, Inc. | - |
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FuelCell Energy, Inc. - employee data
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