2023-05-01 08:51:39 ET
FuelCell Energy ( NASDAQ: FCEL ) +3.2% pre-market Monday saying it received an order from Exxon Mobil ( XOM ) for fuel cell stack module equipment and engineering support needed to implement a potential demonstration of modular point source carbon capture at an Exxon facility.
FuelCell ( FCEL ) said while Exxon has not made a final investment decision, the order advances equipment procurement and module engineering work needed as it takes steps toward commercializing its carbon capture technology.
"FuelCell Energy continues to gain confidence in achieving large scale commercialization of FuelCell Energy's carbonate technology for industrial and commercial point source carbon capture," FuelCell President and CEO Jason Few said.
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For further details see:
FuelCell Energy grabs Exxon order for carbon capture technology, support