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FCEL FuelCell Energy Inc

0.8707
0.0287 (3.41%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
FuelCell Energy Inc NASDAQ:FCEL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0287 3.41% 0.8707 0.87 0.872 0.873 0.8126 0.8491 34,865,694 00:35:52

Exxon, FuelCell Expand Agreement on Carbon Capture

06/11/2019 1:56pm

Dow Jones News


FuelCell Energy (NASDAQ:FCEL)
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From Apr 2019 to Apr 2024

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By Michael Dabaie

 

Exxon Mobil Corp. (XOM) and FuelCell Energy Inc. (FCEL) said they expanded their agreement for carbon-capture technology.

The companies said they signed two-year expanded joint-development agreement for carbonate fuel cell technology to capture carbon dioxide from industrial facilities.

The agreement, worth up to $60 million, will focus on optimizing the core technology, overall process integration and large-scale deployment of carbon capture. Exxon said it is exploring options to conduct a pilot test at one of its operating sites.

FuelCell Energy shares rose 43% premarket, to 38.2 cents.

Exxon and FuelCell began working together in 2016, focusing on carbonate fuel cells.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

November 06, 2019 08:41 ET (13:41 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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