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home / news releases / FCEL - FuelCell Energy - Extension Of Carbon Capture Agreement With Exxon Mobil No Reason To Celebrate

FCEL - FuelCell Energy - Extension Of Carbon Capture Agreement With Exxon Mobil No Reason To Celebrate

FuelCell Energy Inc.
  • Company announces a six-month extension to the carbon capture technology development agreement with Exxon Mobil.
  • Extension was required after the company failed to achieve specific milestones.
  • Current fuel cell design apparently not suited for the planned demonstration project at Exxon Mobil's Rotterdam refinery.
  • Company will no longer pursue two large-scale projects originally awarded by the Long Island Power Authority in 2017.
  • Managed to secure a short-term deadline extension for the Groton Submarine Base project after product issues caused the company to miss the original October 18 deadline.

For further details see:

FuelCell Energy - Extension Of Carbon Capture Agreement With Exxon Mobil No Reason To Celebrate
Stock Information
Company Name: FuelCell Energy Inc.
Stock Symbol: FCEL
Market: NASDAQ
Website: fuelcellenergy.com
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