About FuelCell Energy
FuelCell Energy is a publicly listed company based in United States founded in 1969. Online platform offering fuel cell-based solutions. The company has 584 employees. FuelCell Energy has completed 1 acquisition, including Versa Power Systems. Its website fuelcellenergy.com draws about 30 thousand monthly visits. FuelCell Energy offers products and services including Carbonate Fuel Cell Platforms, Solid Oxide Fuel Cell Platforms, Carbon Capture, and Hydrogen Production. Its focus areas include Energy Tech, Energy Storage Tech, Fuel Cell and Solid Oxide. Its legal entity is FuelCell Energy, Inc. Its competitors include Plug Power, Bloom Energy and Ballard; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters United States
- Employees 584
- Stage Public
- SectorsEnergy & Utilities
- Email••••••••
- Website fuelcellenergy.com
- Social LinkedIn X
- Legal Name Fuelcell Energy, Inc.
- Annual Revenue$158.16 M (USD)41.05as on Oct 31, 2025
- Net Profit-$187.9 M (USD)-49.12as on Oct 31, 2025
- EBITDA-$80.83 M (USD)31.77as on Oct 31, 2025
- Latest Funding Round$6.8M (USD), Grant
Feb 2022
- InvestorsFifth Third Bancorp
& 4 more
- Employee Count584
- Investments & Acquisitions
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.
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 Rounds 22
- Last Round Grant — $6.8M
- First Round $62.76M
(Feb 2004)
- Investors Count 5
Latest 10 of 22 funding rounds of FuelCell Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2022 | $6.8M | Grant | – | – | |
| Mar 2019 | $23M | Debt – Conventional | – | – | |
| Jan 2019 | $3.77M | Grant | – | – | |
| Aug 2018 | $27M | Post-IPO | – | – | – |
| Apr 2018 | $25M | Debt – Venture | – | – | |
| Apr 2016 | $25M | Debt – Conventional | – | – | |
| Aug 2014 | $35M | Post-IPO | – | – | – |
| May 2012 | $30M | Post-IPO | – | – | – |
| Sep 2011 | $62.76M | Grant | – | – | |
| Jun 2011 | $299,916 | Grant | – | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture debt financing is provided to companies in multiple sectors. | 2003 | htgc.com | Palo Alto, United States | |
Natural gas extraction and emissions are managed innovatively. | 2017 | cleanresourceinnovation.com | Calgary, Canada | |
Commercial bank | 1858 | 53.com | Cincinnati, United States | |
Air quality management services are provided for regulatory compliance. | 1976 | aqmd.gov | United States | |
Scientific and technical information is managed and disseminated by OSTI.GOV. | osti.gov | Oak Ridge, United States |
Investor details for FuelCell Energy
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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.
- IPO date25 Jan 2021
- Listed onLSE: 0A60
- Listed entityFuelCell Energy, Inc.
- Exchange sectorElectronic technology
- ISINUS35952H7008
- Share price$15.49 (-5.35% on the day) · 2026-10-13
- Market capitalisation$1.24B
- EPS (diluted, trailing year)$-3.43
- Volume (last session)7,502,329
Financials of FuelCell Energy
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $158.2M | -$187.9M | -$80.8M |
| 2024 | $112.1M | -$126.0M | -$118.5M |
| 2023 | $123.4M | -$107.6M | -$108.3M |
| 2022 | $130.5M | -$142.7M | -$120.7M |
| 2021 | $69.6M | -$101.1M | -$40.0M |
Detailed financial statements for FuelCell Energy
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Investments & Acquisitions by FuelCell Energy
FuelCell Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Versa Power Systems.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Jewish educational and community programs are provided for diverse groups. | versa-power.com | Littleton, United States | 2001 | Dec 2012 | $3.3M |
Complete acquisition details for FuelCell Energy
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Timeline of FuelCell Energy
5 dated milestones of FuelCell Energy across 53 years, from founding to its latest funding, stage changes and deals.
- Founded FuelCell Energy is founded.
- Funding First funding round of $62.8M.
- Acquisition Acquires Versa Power Systems.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Grant, of $6.8M.
Competitors of FuelCell Energy
FuelCell Energy has 3 listed competitors in our database, 1 of them funded. They include Plug Power, Bloom Energy and Ballard.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| plugpower.com | 1997 | United States | 2,449 | Hydrogen-based fuel cells are manufactured for power applications. | ||
| bloomenergy.com | 2001 | United States | $973.4M | 376 | Provider of solid oxide fuel cell technology | |
| ballard.com | 1979 | United States | Manufacturer of hydrogen fuel cells |
Detailed competitors of FuelCell Energy
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Web traffic of FuelCell Energy
The website of FuelCell Energy (fuelcellenergy.com) receives about 30.5K visits a month.
- Monthly visits30.5K
▼ 1% vs previous month
Websites whose visitors overlap most with FuelCell Energy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ballard.com | 100% | 35.9K | #789,345 | View details | |
| horizonfuelcell.com | 97% | 3.1K | #5,431,467 | View details | |
| microgridknowledge.com | 82% | 12K | #1,893,129 | View details | |
| kleanindustries.com | 82% | #991,924 | View details | ||
| electricauto.com | 81% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 19 similar websites and full traffic analytics for FuelCell Energy
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Top companies in Energy Storage Systems
3 companies that operate in the same segment as FuelCell Energy (Energy Storage Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Related news about Fuelcell Energy
Complete news archive for FuelCell Energy
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Frequently Asked Questions about FuelCell Energy
FuelCell Energy was founded in 1969 and raised its 1st funding round 35 years after it was founded.
FuelCell Energy is headquartered in United States.
FuelCell Energy has 584 employees.
Annual revenue of FuelCell Energy is $158.16M as on Oct 31, 2025.
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.
FuelCell Energy's top competitors include Bloom Energy, Plug Power and Ballard.
FuelCell Energy offers Carbonate Fuel Cell Platforms, Solid Oxide Fuel Cell Platforms, Carbon Capture, and Hydrogen Production.
Yes, FuelCell Energy is publicly traded on NASDAQ under the ticker symbol FCEL.
FuelCell Energy has made 1 acquisition, including Versa Power Systems.
FuelCell Energy has 5 investors. Key investors include Fifth Third Bancorp, Hercules Capital, Air Quality Management District, CRIN, and OSTI.GOV.
FuelCell Energy operates through Fuelcell Energy, Inc..