- FuelCell Energy ( NASDAQ: FCEL ) announced on Thursday the signing of a memorandum of understanding with shipbuilding firm Malaysia Marine and Heavy Engineering.
- The firms plan to collaborate on the development of large-scale solid oxide electrolyzer facilities in Asia, New Zealand and Australia.
- Leveraging FuelCell Energy's solid oxide technology and Malaysia Marine's ability to modularize and build at scale, these facilities will be capable of significantly increasing the efficiency and reduce the cost of green hydrogen production.
- Shares of FuelCell Energy ( FCEL ) were up around 1% in Thursday's premarket session
For further details see:
FuelCell Energy, Malaysia Marine to partner on large-scale green hydrogen production