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


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.

From other sites
Comments (4)
  • alphaRAJU
    , contributor
    Comments (484) | Send Message
     
    I wonder if $HYSR got any of the money.
    18 Jun 2014, 12:10 PM Reply Like
  • ppallares
    , contributor
    Comments (15) | Send Message
     
    Here is the list of awards. http://1.usa.gov/1pgamGV
    18 Jun 2014, 12:27 PM Reply Like
  • thotdoc
    , contributor
    Comments (1962) | Send Message
     
    Impressive that FCEL is the only commercial business in its category to receive funds. The others are research labs who will have do develop their ideas and then commercialize them.

     

    FCEL's time is coming.

     

    It is also impressive that the current target for hydrogen energy costs using these technologies for transportation is less than what gas costs in California, today.
    18 Jun 2014, 01:15 PM Reply Like
  • Bigfloridafish
    , contributor
    Comments (96) | Send Message
     
    You are 100% correct, FCEL is the only one with a product ready to go.
    18 Jun 2014, 08:22 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs