FuelCell Energy gets U.S. grant for distributed hydrogen production, +3%

|About: FuelCell Energy, Inc. (FCEL)|By:, SA News Editor

FuelCell Energy (FCEL +3.1%) moves higher as the U.S. Department of Energy provides FCEL a $900K grant to produce a new system of distributed hydrogen production, part of $20M announced by the department to advance hydrogen production and delivery technologies.

The technology would allow hydrogen to be generated where it is needed rather than at larger plants, reducing transportation costs and greenhouse gases that are emitted through the process.