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Fuelcell Energy Secures $87Mm In Project Financing

PUBLIC · FCELMay 25, 2023

Amount Raised

$87 Million

Round Type

Funding Round

DanburyEnergyOil And GasRenewable Energy

Description

FuelCell Energy, Inc., (Nasdaq: FCEL) today announced that it has entered into an $87 million non-recourse project financing facility. In addition to diversifying the Company’s access to capital, the proceeds from this facility were used to repay some of the Company’s existing indebtedness and may be used to accelerate commercialization of its hydrogen fuel cell technologies, strategic initiatives, and for other general corporate purposes.

Quick answer

FuelCell Energy raised $87 Million in a Funding Round round, dated May 25, 2023. FuelCell Energy is based in Danbury, Connecticut, United States.

How much did FuelCell Energy raise?
FuelCell Energy raised $87 Million in a Funding Round round on May 25, 2023.
What does FuelCell Energy do?
FuelCell Energy is an American clean technology and manufacturing company dedicated to improving energy efficiency, resilience and security with low-to-zero carbon solutions.
Where is FuelCell Energy based and how big is it?
FuelCell Energy is based in Danbury, Connecticut, United States. Fundz records about 590 employees.
Who are the decision-makers at FuelCell Energy?
Fundz holds 1 contact at FuelCell Energy, including the EVP, Chief Product and Technology Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Oil And Gas around the same time

Companies in the same sectors as FuelCell Energy that raised within 45 days of this round, from Fundz verified event records.

  • Carbon Recycling International raised an undisclosed amount (Funding Round) on June 27, 2023.
  • Focused Energy Inc. raised $82M (Funding Round) on June 22, 2023.
  • Zefiro Methane Corp raised $1.3M (Seed) on May 29, 2023.
  • Peak Power raised $35M (Funding Round) on May 18, 2023.
  • HydRegen raised $3.2M (Seed) on April 26, 2023.
  • Braya Renewable Fuels raised $300M on April 20, 2023.

Who to call at FuelCell Energy, and when

A new round usually means FuelCell Energy is about to hire and buy. The teams that reach out first get the meeting.

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  • The decision-makers there, with verified emails
  • Who you already know at FuelCell Energy, from your own LinkedIn network

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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.

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Related People

1 contact
Verified contactsShankar A., EVP, Chief Product and Technology Offic…See plans and pricing
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FuelCell Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.