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FuelCell Energy Secures Project Financing from Export-Import Bank for Fuel Cell Projects with Gyeonggi Green Energy
Nov 01, 2024•over 1 year ago
Contract Type
partnership
DanburyEnergyOil And GasRenewable Energy
Description
FuelCell Energy has closed a project debt financing transaction with the Export-Import Bank of the United States (EXIM) for its fuel cell projects with Gyeonggi Green Energy (GGE). The $10.1 million funding commitment by EXIM is expected to result in net cash to FuelCell Energy of approximately $9.4 million after fees and debt service reserves. This partnership with EXIM enhances FuelCell Energy's capital flexibility and supports its commitment to providing clean, efficient, and reliable energy solutions to the Korean market and around the world.
Company Information
Company
FuelCell Energy
Location
Danbury, Connecticut, United States
About
FuelCell Energy is an American clean technology and manufacturing company dedicated to improving energy efficiency, resilience and security with low-to-zero carbon solutions.
Our headquarters are located in Danbury, Connecticut and North American production is in Torrington, Connecticut. European markets are served from Germany. Asian markets are served via a South Korean partner.
DanburyEnergyOil And GasRenewable Energy