About FuelCell Energy
FuelCell Energy is a company based in United States founded in 1969.. The company has 584 employees as of October 31, 2024. FuelCell Energy has completed 1 acquisition, including Versa Power Systems. FuelCell Energy offers products and services including Carbonate Fuel Cell Platforms, Solid Oxide Fuel Cell Platforms, Carbon Capture, and Hydrogen Production. FuelCell Energy operates in a competitive market with competitors including Plug Power, Bloom Energy, Elcogen, Blue World Technologies and Intelligent Energy, among others.
- Headquarter United States
- Employees 584 as on 31 Oct, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fuelcell Energy, Inc.
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Annual Revenue
$158.16 M41.05as on Oct 31, 2025
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Net Profit
$-187.9 M-49.12as on Oct 31, 2025
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EBITDA
$-80.83 M31.77as on Oct 31, 2025
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Latest Funding Round
$6.8 M (USD), Grant
Feb 01, 2022
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Investors
Fifth Third Bancorp
& 4 more
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Employee Count
584
as on Oct 31, 2024
- Investments & Acquisitions
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IPO & Listings of FuelCell Energy
FuelCell Energy is a publicly listed company on the NASDAQ with ticker symbol FCEL in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of FuelCell Energy
FuelCell Energy offers a comprehensive portfolio of products and services, including Carbonate Fuel Cell Platforms, Solid Oxide Fuel Cell Platforms, Carbon Capture, and Hydrogen Production. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Systems for clean electricity and heat from fuel cells
Technology for power and hydrogen production using solid oxide cells
Process to capture and manage carbon dioxide emissions
Methods for generating hydrogen via electrolysis and tri-gen systems
Funding Insights of FuelCell Energy
- Total Funding Total Funding
- Total Rounds 22
- Last Round Grant — $6.8M
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First Round
First Round
(27 Feb 2004)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Grant - FuelCell Energy | Valuation |
investors |
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| Mar, 2019 | Amount | Debt – Conventional - FuelCell Energy | Valuation |
investors |
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| Jan, 2019 | Amount | Grant - FuelCell Energy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FuelCell Energy
FuelCell Energy has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Fifth Third Bancorp, Hercules Capital and Air Quality Management District. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture debt financing is provided to companies in multiple sectors.
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Founded Year | Domain | Location | |
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Natural gas extraction and emissions are managed innovatively.
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Founded Year | Domain | Location | |
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Commercial bank
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FuelCell Energy
FuelCell Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Versa Power Systems. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Jewish educational and community programs are provided for diverse groups.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FuelCell Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fuelcell Energy Comparisons
Competitors of FuelCell Energy
FuelCell Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Plug Power, Bloom Energy, Elcogen, Blue World Technologies and Intelligent Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Hydrogen-based fuel cells are manufactured for power applications.
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| domain | founded_year | HQ Location |
Provider of solid oxide fuel cell technology
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| domain | founded_year | HQ Location |
SOFC single cells and stacks are developed and manufactured.
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| domain | founded_year | HQ Location |
Methanol-based fuel cells are developed using high-temperature PEM technology.
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| domain | founded_year | HQ Location |
PEM fuel cell and CHP power systems developer
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fuelcell Energy
Frequently Asked Questions about FuelCell Energy
When was FuelCell Energy founded?
FuelCell Energy was founded in 1969 and raised its 1st funding round 35 years after it was founded.
Where is FuelCell Energy located?
FuelCell Energy is headquartered in United States.
How many employees does FuelCell Energy have?
As of Oct 31, 2024, the latest employee count at FuelCell Energy is 584.
What is the annual revenue of FuelCell Energy?
Annual revenue of FuelCell Energy is $158.16M as on Oct 31, 2025.
What does FuelCell Energy do?
FuelCell Energy was founded in 1969 in the United States. Fuel cells are produced for use in stationary power generation, and fuel cell power plants are designed and deployed across commercial, industrial, government, and utility sectors. Long-term power purchase agreements are facilitated to ensure stable energy supply. Operations focus on clean energy technologies within the alternative power industry.
Who are the top competitors of FuelCell Energy?
FuelCell Energy's top competitors include Bloom Energy, Plug Power and Intelligent Energy.
What products or services does FuelCell Energy offer?
FuelCell Energy offers Carbonate Fuel Cell Platforms, Solid Oxide Fuel Cell Platforms, Carbon Capture, and Hydrogen Production.
Is FuelCell Energy publicly traded?
Yes, FuelCell Energy is publicly traded on NASDAQ under the ticker symbol FCEL.
How many acquisitions has FuelCell Energy made?
FuelCell Energy has made 1 acquisition, including Versa Power Systems.
Who are FuelCell Energy's investors?
FuelCell Energy has 5 investors. Key investors include Fifth Third Bancorp, Hercules Capital, Air Quality Management District, CRIN, and OSTI.GOV.
What is FuelCell Energy's ticker symbol?
The ticker symbol of FuelCell Energy is FCEL on NASDAQ.