FuelCell Energy +5% as German government issues €4.9M in research awards

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

FuelCell Energy (NASDAQ:FCEL+5% premarket on news its German affiliate received nearly €5M in awards from the government to support a three-year research and development project targeting enhancements to Direct FuelCell technology by increasing power density and operating life of the fuel cells, leading to lower costs.

The research is being performed in Germany by FCEL at an existing facility in Ottobrunn and by joint venture partner Fraunhofer IKTS at a facility located in Dresden.

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