Financial Data and Key Metrics Changes - In the second quarter of fiscal year 2025, total revenues increased to $37.4 million from $22.4 million in the same quarter of the previous year [32] - The loss from operations narrowed to $35.8 million compared to $41.4 million in the second quarter of fiscal year 2024 [33] - The net loss attributable to common stockholders was $38.8 million, compared to $32.9 million in the prior year, with a net loss per share of $1.79 versus $2.18 [33] - Adjusted EBITDA improved to negative $19.3 million from negative $26.5 million year-over-year [33] - Cash, restricted cash, cash equivalents, and short-term investments totaled $240 million as of April 30, 2025 [34] Business Line Data and Key Metrics Changes - Product revenues were $13 million, a significant increase from zero in the prior year [34] - Service agreement revenues rose to $8.1 million from $1.4 million, driven by module exchanges under a long-term service agreement [34][35] - Generation revenue decreased to $12.1 million from $14.1 million, primarily due to lower power output from maintenance activities [36] - Advanced Technology contract revenues fell to $4.1 million from $6.9 million [36] Market Data and Key Metrics Changes - Backlog increased by approximately 18.7% to $1.26 billion compared to $1.06 billion as of April 30, 2024, partly due to a long-term service agreement [39] - The company anticipates significant demand for distributed power generation in the U.S., Asia, and Europe, aligning with its strategic focus [31][32] Company Strategy and Development Direction - The company announced a restructuring plan prioritizing sales of its molten carbonate platform and reducing overhead to enhance profitability [6][10] - Focus will remain on validating and demonstrating solid oxide technology while optimizing supply chains and driving efficiency [7][8] - The company aims to achieve positive adjusted EBITDA once its Torrington facility reaches an annualized production rate of 100 megawatts [9][31] - Strategic partnerships, such as the Dedicated Power Partners initiative, are expected to accelerate deployment in data centers and large-scale applications [15][16] Management's Comments on Operating Environment and Future Outlook - Management highlighted strong global power demand and the structural shifts in energy needs driven by AI and data centers [12][13] - The company is committed to disciplined cost management, expecting to reduce operating expenses by 30% annually compared to fiscal year 2024 [18][30] - Management expressed confidence in the company's ability to navigate the evolving energy landscape and capitalize on market opportunities [29][30] Other Important Information - The restructuring plan includes a global workforce reduction and a recalibration of production schedules to align with contracted demand [30] - The company is focusing on energy integration, combining fuel cell solutions with other generation technologies to enhance reliability and efficiency [10][11] Q&A Session Summary Question: Can you discuss the momentum in procuring customers and orders for DPP? - Management indicated active conversations with data center customers and positive momentum in turning partnerships into transactions [44] Question: What is the timeline for achieving EBITDA neutrality at the 100 megawatt production level? - Management stated that achieving this level depends on the flow of orders, with a focus on distributed generation opportunities [46][47] Question: How does the manufacturing side drive profitability compared to generation? - Management clarified that while generation contributes, the focus is on product and service sales, particularly through partnerships like DPP [52] Question: Will pricing for data center applications change due to rising gas turbine costs? - Management sees rising costs as an opportunity rather than a challenge, expecting stable pricing for customers [55] Question: What types of customers are moving fastest in the power generation opportunity for AI and data centers? - Management noted a fragmented market with various customer segments, including traditional developers and hyperscalers, all actively engaged [60][61]

Financial Data and Key Metrics Changes - In the second quarter of fiscal year 2025, total revenues increased to $37.4 million from $22.4 million in the same quarter of the previous year [32] - The loss from operations narrowed to $35.8 million compared to $41.4 million in the second quarter of fiscal year 2024 [33] - The net loss attributable to common stockholders was $38.8 million, compared to $32.9 million in the prior year, with a net loss per share of $1.79 versus $2.18 [33] - Adjusted EBITDA improved to negative $19.3 million from negative $26.5 million year-over-year [33] - Cash, restricted cash, cash equivalents, and short-term investments totaled $240 million as of April 30, 2025 [34] Business Line Data and Key Metrics Changes - Product revenues were $13 million, a significant increase from zero in the prior year [34] - Service agreement revenues rose to $8.1 million from $1.4 million, driven by module exchanges under a long-term service agreement [34] - Generation revenue decreased to $12.1 million from $14.1 million due to lower power output from maintenance activities [35] - Advanced Technology contract revenues fell to $4.1 million from $6.9 million [35] - Operating expenses decreased to $26.4 million from $34.3 million, with R&D expenses down to $9.9 million from $16.6 million [37] Market Data and Key Metrics Changes - Backlog increased by approximately 18.7% to $1.26 billion compared to $1.06 billion as of April 30, 2024, partly due to a long-term service agreement [39] - The company anticipates significant demand for distributed power generation in the U.S., Asia, and Europe [30] Company Strategy and Development Direction - The company announced a restructuring plan focusing on the carbonate platform, aiming to reduce operating expenses by 30% annually [30][31] - The strategy includes optimizing the supply chain and enhancing efficiency while preserving long-term flexibility for carbon capture opportunities [6][10] - The company is targeting positive adjusted EBITDA once the Torrington facility reaches an annualized production rate of 100 megawatts [10][31] Management's Comments on Operating Environment and Future Outlook - Management emphasized the strong global demand for power and the structural trends driving the need for clean energy solutions [12][13] - The company is focused on leveraging its carbonate technology to meet the growing demand for distributed energy and grid resilience [23][27] - Management expressed confidence in the restructuring efforts and the potential for future profitability [18][28] Other Important Information - The company is intensifying its focus on its carbonate platform while pausing broader solid oxide R&D efforts [7][8] - The partnership with Diversified Energy and TESSIAC aims to accelerate the deployment of carbonate fuel cells in data centers and large-scale applications [16][17] Q&A Session Summary Question: Can you discuss the momentum in procuring customers and orders for DPP? - Management indicated active conversations with data center customers and positive momentum in the partnership [44] Question: When can we expect to reach EBITDA neutral at 100 megawatts production? - Management stated that achieving 100 megawatts is dependent on order flow, with no additional capital needed to reach that capacity [46][47] Question: How does the manufacturing side drive profitability compared to generation? - Management clarified that the focus is on product and service sales rather than solely increasing the generation portfolio [52] Question: Will future bookings for data center applications reflect similar pricing to past orders? - Management expects stable pricing and views the increasing costs of gas turbines as an opportunity [55] Question: What types of customers are moving fastest in the power generation opportunity for AI and data centers? - Management noted a fragmented market with various customer segments, including traditional REITs and hyperscalers [60][62] Question: What will the agreements with gas distribution customers look like? - Management explained that DPP will generally involve power purchase agreements, with options for long-term service agreements [66]

Financial Performance - Total revenues for the three months ended April 30, 2025, were $37.4 million, reflecting a 67% increase from $22.4 million in the same period of 2024[128]. - Total costs of revenues for the same period were $46.8 million, an increase of 59% from $29.5 million in the prior year[128]. - The gross loss for the three months ended April 30, 2025, was $9.4 million, compared to a gross loss of $7.1 million in the same period of 2024, representing a 33% increase in losses[128]. - Product revenues reached $13.0 million for the three months ended April 30, 2025, with no product revenues reported in the comparable prior year period[129]. - Product revenues increased by $13.3 million to $16.3 million for the three months ended April 30, 2025, compared to $2.9 million in the same period in the prior year[130]. - Service agreements revenues surged by 495% to $8.1 million for the three months ended April 30, 2025, up from $1.4 million in the same period in 2024, driven by three module exchanges[133]. - Generation revenues decreased by 14% to $12.1 million for the three months ended April 30, 2025, down from $14.1 million in the same period in 2024, due to lower output from plants[136]. - Advanced Technologies contract revenues fell by 41% to $4.1 million for the three months ended April 30, 2025, compared to $6.9 million in the same period in 2024[142]. - Total revenues for the six months ended April 30, 2025, were $56.4 million, an increase of $17.3 million (44%) from $39.1 million in the same period of 2024[161]. - Cost of revenues for the same period increased to $71.0 million, up $13.1 million (23%) from $57.9 million in 2024[161]. - Product revenues reached $13.1 million for the six months ended April 30, 2025, compared to no product revenue in the same period of 2024[162]. - Service agreements revenues increased to $10.0 million, a rise of $7.0 million (235%) from $3.0 million in 2024[166]. - Generation revenues decreased to $23.5 million, down $1.1 million (5%) from $24.6 million in 2024[169]. - Advanced Technologies contract revenues fell to $9.8 million, a decrease of $1.7 million (15%) from $11.5 million in 2024[173]. Expenses and Losses - Research and development expenses decreased to $9.9 million for the three months ended April 30, 2025, down from $16.6 million in the same period in 2024[146]. - Loss from operations improved to $35.8 million for the three months ended April 30, 2025, compared to a loss of $41.4 million in the same period in 2024[149]. - Net loss attributable to common stockholders was $38.8 million for the three months ended April 30, 2025, compared to $32.9 million in the same period in 2024[159]. - Interest expense increased to $2.5 million for the three months ended April 30, 2025, compared to $2.3 million in the same period in 2024[150]. - Administrative and selling expenses decreased to $16.5 million for the three months ended April 30, 2025, down from $17.7 million in the same period in 2024[145]. - Overall gross loss from service agreements revenues was $(0.9) million for the three months ended April 30, 2025, compared to a gross profit of $0.1 million in the same period in 2024[135]. - Loss from operations for the six months ended April 30, 2025, was $68.7 million, a decrease of $15.1 million (18%) from $83.8 million in 2024[181]. - Interest expense increased to $5.2 million for the six months ended April 30, 2025, compared to $4.6 million in 2024[182]. - Net loss attributable to common stockholders for the six months ended April 30, 2025, was $68.0 million, compared to $53.5 million for the same period in 2024, with net loss per common share decreasing to $3.22 from $3.55[190]. Restructuring and Workforce - The company implemented a global restructuring plan, including a workforce reduction of 122 employees, or approximately 22% of its workforce[123]. - The restructuring plan is expected to incur aggregate costs of approximately $3.5 million to $4.5 million related to severance payments and other employee termination benefits[124]. - The company is evaluating certain assets for impairment, including goodwill and in-process research and development intangible assets, with a net book value of $13.8 million[125]. - The company aims to align its production schedule with contracted demand, which may result in a decrease in annualized production rate if growth in the closed order book does not continue[123]. - The company continues to face macroeconomic and industry-specific headwinds, particularly in the zero-carbon hydrogen space, impacting its strategic plans[123]. Cash and Liquidity - As of April 30, 2025, unrestricted cash and cash equivalents totaled $116.1 million, down from $148.1 million as of October 31, 2024[194]. - Cash and cash equivalents totaled $179.1 million as of April 30, 2025, down from $208.9 million as of October 31, 2024[235]. - The company received a $4.0 million contribution from East West Bank during the six months ended April 30, 2025, recorded as noncontrolling interest[195]. - Net cash used in operating activities was $75.6 million for the six months ended April 30, 2025, an improvement from $95.4 million in the same period of 2024[236]. - The company has pledged approximately $63.1 million of cash and cash equivalents as collateral for performance security and letters of credit as of April 30, 2025[232]. Backlog and Contracts - The company's backlog increased by approximately 18.7% to $1.26 billion as of April 30, 2025, compared to $1.06 billion as of April 30, 2024[216]. - Generation backlog totaled $967.4 million as of April 30, 2025, compared to $852.9 million as of April 30, 2024[218]. - The company entered into a 20-year PPA with Eversource and United Illuminating for a 7.4 MW carbonate fuel cell power generation system, expected to generate approximately $167.4 million in revenue over the contract term[218]. - The LTSA with GGE has a total contract value of approximately $159.6 million, with $33.6 million allocated to service and $126.0 million to product sales[221]. - The Advanced Technologies contract backlog totals $29.6 million, with $22.0 million being non-U.S. Government-funded and $7.6 million being U.S. Government-funded[307]. Projects and Development - The generation operating portfolio totaled 62.8 MW as of April 30, 2025, with an additional project of 7.4 MW in development expected to generate future cash flows[207]. - The Groton Project reached its design rated output of 7.4 MW during the first quarter of fiscal year 2024[212]. - The company has ceased all work on the Trinity and UConn projects due to restructuring plans and a slowdown in clean energy technology adoption[214]. - The Hartford Project, a 7.4 MW project under development, is expected to require an additional investment of approximately $34.0 million to $36.0 million through calendar year 2026[227]. - The company recognized revenue for four modules shipped during the six months ended April 30, 2025, and expects to continue recognizing revenue from additional shipments[226]. Financing and Debt - Total significant commitments and contractual obligations amount to $266.06 million, with $91.82 million due within 1 year[246]. - Purchase commitments total $61.22 million, with $59.49 million due within 1 year[246]. - Term loans (principal and interest) total $141.12 million, with $18.77 million due within 1 year[246]. - Operating lease commitments total $16.90 million, with $1.32 million due within 1 year[246]. - Natural gas and biomethane gas supply contracts total $39.32 million, with $10.83 million due within 1 year[246]. - The company entered into a 7-year natural gas contract for the LIPA Yaphank Project with an estimated annual cost of $2.0 million[248]. - A project debt financing transaction with EXIM resulted in gross proceeds of approximately $10.1 million, with a fixed interest rate of 5.81%[251]. - The OpCo Financing Facility includes a term loan facility of up to $80.5 million and a letter of credit facility of up to $6.5 million[261]. - The company is required to maintain a minimum cash balance of $100.0 million under the EXIM credit agreement[252]. - The OpCo Financing Facility closed on May 19, 2023, with a total Term Loan amount of $80.5 million drawn down[266]. - Approximately $11.4 million of senior and subordinated indebtedness related to the Bridgeport Fuel Cell Project was extinguished[264]. - The total net proceeds from the financing transactions amounted to approximately $46.1 million after accounting for the release of restricted cash[267]. - The Term Loan has a seven-year term, maturing on May 19, 2030, with quarterly principal amortization obligations based on a 1.30x debt service coverage ratio[269]. - The Applicable Margin for SOFR Rate Loans is set at 2.5% for the first four years, increasing to 3% thereafter[268]. - OpCo Borrower is required to maintain a capital expenditures reserve balance of $29.0 million, with $14.5 million funded from the Term Loan[270]. - An Irrevocable Letter of Credit was issued for $6.5 million to satisfy the debt service reserve funding obligation[271]. - The interest rate swap agreements will result in a net interest rate of 6.366% for the first four years and 6.866% thereafter[274]. - OpCo Borrower must maintain a debt service coverage ratio of not less than 1.20:1.00, tested every six months[276]. - Groton Holdco Borrower secured a total of $20.0 million through the Groton Senior Back Leverage Loan Facility and the Groton Subordinated Back Leverage Loan Facility on August 18, 2023[283]. - The Groton Senior Back Leverage Loans have a seven-year term, maturing on August 18, 2030, with a principal amortization based on a ten-year period[286]. - The interest rate for the Groton Senior Back Leverage Loan from Liberty Lender is 6.75%, while Amalgamated Lender's rate is 6.07% or 7.32% depending on the occurrence of a "Carbon Offset Event"[285]. - The Groton Subordinated Back Leverage Loan accrues interest at 8% prior to the "Step Down Date," which is contingent on the repayment of the Groton Senior Back Leverage Loans[287]. - The company must maintain a "Senior" debt service coverage ratio of at least 1.20:1.00 and a "Total" debt service coverage ratio of at least 1.10:1.00[289]. - The outstanding finance obligation balance from sale-leaseback agreements was $18.8 million as of April 30, 2025, with $11.3 million representing imputed interest[293]. - The company received a $10.0 million disbursement from the State of Connecticut for the expansion of its Torrington manufacturing facility, with a fixed interest rate of 2.0%[294]. Compliance and Obligations - The Employment Obligation under the Assistance Agreement requires the company to maintain 538 full-time positions for 24 consecutive months to qualify for loan forgiveness[295]. - The Third Amendment to the Assistance Agreement extended the Target Date to October 31, 2024, requiring the retention of 538 full-time positions[296]. - The Company has an average of 389 employees over the applicable 24 consecutive month period, resulting in a calculated repayment obligation of $2.1 million due to not meeting the amended Employment Obligation[300]. - The Company is subject to an accelerated payment penalty of $14,225.00 for each full-time employment position below the amended Employment Obligation[298]. - The Company has not been formally assessed a penalty as of April 30, 2025, but any accelerated payment penalty will be applied to the outstanding principal balance of the loan[300]. - The Company has deferred three months of principal and interest payments under the Assistance Agreement due to the COVID-19 pandemic, extending the maturity date by three months[301]. - As of April 30, 2025, the Company has $2.9 million in restricted cash primarily to support obligations under power purchase and service agreements related to Crestmark sale-leaseback transactions[302]. - The Company has no off-balance sheet debt or similar obligations and does not guarantee any third-party debt[308]. - The Company is in discussions with the State of Connecticut regarding a potential amendment to the terms of the Third Amendment to the Assistance Agreement[300].

Second Quarter of Fiscal Year 2025 Financial Results & Business Update Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 regarding future events or our future financial performance that involve certain contingencies and uncertainties. The forward-looking statements include, without limitation, statements with respect to the Company's anticipated financial results and statements ...

Revenue Performance - Revenue for the second quarter of fiscal 2025 was $37.4 million, an increase of approximately 67% compared to $22.4 million in the prior year[4] - Total revenues for the three months ended April 30, 2025, were $37.406 million, a significant increase from $22.420 million in the same period of 2024, representing a growth of 67%[36] - Total revenues for the six months ended April 30, 2025, increased to $56,403,000, compared to $39,111,000 for the same period in 2024, representing a growth of 44%[37] Product and Service Revenues - Product revenues for the second quarter were $13.0 million, compared to no product revenues in the prior year[9] - Product revenues reached $13.027 million, while service revenues increased to $8.144 million, compared to $1.369 million in the previous year[36] - Product revenues reached $13,099,000 in the first half of 2025, while service revenues increased to $9,992,000, compared to $2,986,000 in 2024[37] Gross Loss and Operating Expenses - The company reported a gross loss of $(9.4) million, which is an increase of approximately 33% from $(7.1) million in the same quarter last year[4] - The gross loss for the quarter was $9.438 million, compared to a gross loss of $7.074 million in the same quarter of 2024[36] - Total costs of revenues rose to $71,045,000 in the first half of 2025, up from $57,910,000 in 2024, leading to a gross loss of $14,642,000[37] - Operating expenses decreased to $26.4 million from $34.3 million, reflecting a reduction in administrative and selling expenses due to restructuring actions[12] - Operating expenses totaled $26.372 million, down from $34.287 million in the prior year, indicating a reduction of approximately 23%[36] - Operating expenses decreased to $54,019,000 in the first half of 2025 from $65,040,000 in 2024, primarily due to lower research and development expenses[37] Net Loss and Loss Per Share - Net loss per share improved to $(1.79), a decrease of approximately 18% from $(2.18) in the prior year[4] - The net loss attributable to common stockholders for the quarter was $38.849 million, compared to a net loss of $32.940 million in the same period last year[36] - The net loss attributable to common stockholders for the six months ended April 30, 2025, was $67,975,000, compared to $53,533,000 in 2024, reflecting an increase in losses[37] - Loss per share attributable to common stockholders improved to $(3.22) in the first half of 2025 from $(3.55) in 2024[37] Cash and Assets - Cash and cash equivalents totaled $240.0 million as of April 30, 2025, down from $318.0 million as of October 31, 2024[21] - Cash and cash equivalents decreased to $116.061 million as of April 30, 2025, down from $148.133 million as of October 31, 2024[34] - Total assets as of April 30, 2025, were $883.843 million, a decrease from $944.124 million as of October 31, 2024[34] Restructuring and Workforce Reduction - The company announced a restructuring plan aimed at reducing operating expenses by 30% on an annualized basis compared to fiscal year 2024[4] - The company has reduced its workforce by approximately 22% as part of its global restructuring plan[17] - The company reported a restructuring expense of $1,542,000 for the first half of 2025, which was not present in the same period of 2024[37] Adjusted EBITDA and Operational Efficiency - Adjusted EBITDA improved to $(19.3) million from $(26.5) million in the same quarter last year[15] - Adjusted EBITDA for the six months ended April 30, 2025, was $(40,383,000), compared to $(55,633,000) in 2024, indicating a reduction in operational losses[42] - The company plans to increase its annualized production rate at its Torrington manufacturing facility in the future, aiming for improved operational efficiency[28] Interest Expense and Depreciation - Interest expense increased to $5,155,000 in the first half of 2025 from $4,613,000 in 2024, indicating higher borrowing costs[37] - Depreciation and amortization for the six months ended April 30, 2025, totaled $20,836,000, compared to $18,151,000 in 2024, reflecting increased asset utilization[42] Focus on Sustainable Energy - FuelCell Energy is focused on advancing sustainable clean energy technologies to address critical challenges in energy access and environmental stewardship[31]

Current Business Update - FuelCell Energy reported a revenue of $37.4 million for the second quarter of fiscal 2025, representing a 67% increase compared to $22.4 million in the same quarter of the previous year [5][7] - The company is focusing on its carbonate platform to meet the growing market demand driven by AI data centers and distributed power generation solutions [3][5] - A global restructuring plan has been initiated to reduce operating expenses by 30% annually, with a workforce reduction of approximately 22% [5][14][16] Financial Performance - Gross loss for the second quarter was $(9.4) million, an increase of approximately 33% from $(7.1) million in the prior year [5][8] - Loss from operations decreased to $(35.8) million, a 13% improvement from $(41.4) million in the same quarter last year [5][12] - Net loss per share improved to $(1.79) from $(2.18), reflecting an 18% decrease in loss per share [5][13] Backlog and Revenue Streams - Total backlog increased by approximately 19% to $1.26 billion, up from $1.06 billion in the previous year [5][20] - Product revenues were $13.0 million, a significant increase from no product revenues in the comparable prior year period [10] - Service agreement revenues rose to $8.1 million from $1.4 million, driven by module replacement revenue [10] Operational Changes - The company is recalibrating its manufacturing facility production schedule to align with contracted demand rather than forecasted demand [16] - Research and development expenses decreased to $9.9 million, primarily due to reduced spending on solid oxide power generation and electrolysis platforms [9][11] - The addition of Mike Hill as Chief Commercial Officer is expected to enhance the company's focus on sustainable integrated energy solutions [3][5] Cash and Investments - As of April 30, 2025, the company had cash and cash equivalents totaling $240.0 million, down from $318.0 million as of October 31, 2024 [18] - Unrestricted cash and cash equivalents were $116.1 million, with short-term investments at $60.9 million [18] Strategic Partnerships - The company has formed a strategic partnership with Diversified Energy Co. PLC and TESIAC Corp. to enhance its entry into the data center market [3][5] - A long-term service agreement with Gyeonggi Green Energy Co., Ltd. contributed to the increase in backlog [20]

Group 1 - FuelCell Energy, Inc. is set to release its second-quarter earnings results on June 6, with analysts expecting a quarterly loss of $1.38 per share, an improvement from a loss of $2.1 per share in the same period last year [1] - The company is projected to report quarterly revenue of $32.42 million, up from $22.42 million a year earlier [1] - On April 30, FuelCell Energy appointed Mike Hill as the new Chief Commercial Officer, succeeding Mark Feasel [2] Group 2 - FuelCell Energy shares experienced a decline of 7.8%, closing at $5.20 [2] - Jefferies analyst Laurence Alexander maintained a Hold rating and reduced the price target from $15 to $8.4 [5] - UBS analyst Manav Gupta maintained a Neutral rating and lowered the price target from $15 to $13.75 [5] - Wells Fargo analyst Praneeth Satish maintained an Underweight rating and cut the price target from $30 to $5 [5]

Core Insights - FuelCell Energy, Inc. (NASDAQ: FCEL) is set to report earnings on June 6, but the company is not expected to show a turnaround in its fundamental performance [1] Company Analysis - The company has been a focus for investors interested in finance and investing, particularly in sectors like AI, fintech, and technology [1] - The analysis emphasizes the importance of business models, earnings performance, and competitive positioning in evaluating the company [1] Market Context - The article reflects a broader interest in providing research-backed analysis to help investors make informed decisions regarding their investment strategies [1]

Group 1 - FuelCell Energy, Inc. will release its second quarter 2025 results on June 6, 2025, before the stock market opens [1] - A conference call with investors will take place at 10:00 a.m. Eastern Time on the same day to discuss the results and provide a business update [1] - Participants can access the live call via webcast or telephone, with a replay available approximately two hours after the call [1][3] Group 2 - FuelCell Energy provides clean and reliable energy solutions that enable customers to access power quickly and manage emissions effectively [2] - The company's systems are efficient, scalable, and fuel-flexible, operating on natural gas, biofuels, or hydrogen, and provide steady baseload electricity [2] - With over 55 years of experience and nearly 200 plants deployed, FuelCell Energy assists customers in achieving their energy goals [2]

Core Insights - FuelCell Energy and Toyota Motor North America announced the Tri-gen facility at the Port of Long Beach received the U.S. Department of Energy's 2025 Better Project Award for its innovative energy, water, and waste reduction efficiency measures [1][2] Group 1: Tri-gen Facility Overview - The Tri-gen facility produces renewable electricity, renewable hydrogen, and usable water for Toyota Logistics Services' port vehicle processing operations [2][4] - Tri-gen converts directed biogas from a California wastewater treatment facility to generate up to 2.3 megawatts of renewable electricity, reducing over 9,000 tons of CO2 emissions and avoiding more than six tons of grid NOx emissions annually [3] - The facility produces up to 1,200 kilograms of hydrogen daily for fuel cell electric vehicles and recycles about 1,400 gallons of water daily, reducing local utility water usage [4] Group 2: Environmental Impact and Recognition - The Tri-gen facility exemplifies a commitment to sustainable solutions, showcasing a model that can be replicated at lower costs and with lower environmental impact [5] - The recognition from the U.S. Department of Energy highlights the system's impact, scalability, and ingenuity in addressing environmental challenges [2]