Dallas, Texas 05/29/2014 (FINANCIALSTRENDS) – FuelCell Energy, Inc. (NASDAQ:FCEL) has now announced some additional steps to accommodate an increasing global demand for the megawatt-class of stationary fuel cell-power plants, ensuring the preeminent customer support across the globe & enhanced execution of the product-cost reductions. FCEL & POSCO Energy are now closely collaborating to support various multi-national customers who have expressed interest in fuel-cell projects in other partner’s territory. They are now further synchronizing an integrated global supply chain, & executing sale of 4 fuel cell modules, which total 5.6 megawatts in order to meet the rising demand in Asia.
POSCO Energy’s Senior Vice President Jung-Gon Kim said that even closer-collaboration between POSCO Energy & FuelCell Energy ensures that the respective customers now receive enhanced value & security for the investment as they reduce costs & further enhance overall competitiveness of the clean distributed fuel- cell power generation. An increasing interest in the stationary fuel-cell applications in many different geographic regions from the companies with international operations has now led to a broadening of the activities between FCEL & POSCO Energy.
This enhanced collaboration now accommodates North American, and European or some other non-Asian customers of FCEL who are interested in a fuel-cell installation in Asia and Asian customers of the POSCO Energy who desire a fuel-cell installation outside Asia. With the growing international adoption of the Direct FuelCell® power plants, that trends to larger-sized and fuel cell parks & cross-territorial interest from its multi-national customers, FuelCell Energy, Inc. (NASDAQ:FCEL) & POSCO Energy can also support their global customers in the other’s local markets to ensure that consistency in communication, quality & execution is maintained.
Construction of POSCO Energy’s cell-manufacturing facility is right on schedule with the production that is expected in the middle of 2015. Once it is operational, the facility wills double global manufacturing-capacity of FCEL’s proprietary power plants.
This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.