FuelCell Energy, Inc. has completed the acquisition of a 14.9 megawatt fuel cell park in Bridgeport, CT with Dominion Energy.
FuelCell Energy developed, constructed and commissioned the Bridgeport fuel cell park in December of 2013.
Since its commissioning, FuelCell Energy has operated and maintained the plant under a service agreement with Dominion Energy.
“The addition of this project asset to our generation portfolio is a major step towards our long-term strategy to diversify our generation portfolio, transitioning FuelCell Energy into a services focused business that delivers recurring revenue with strong EBITDA margins for our stockholders,” said Chip Bottone, President and CEO of FuelCell Energy.
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