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UI finalizes deal to build clean microgrid

Nov. 17, 2015 9:11 AM ETAvangrid, Inc. (AGR) StockFCEL, AGRBy: Yoel Minkoff, SA News Editor16 Comments
  • The United Illuminating Company, a subsidiary of UIL Holdings (UIL), has sealed an agreement with the town of Woodbridge, CT to build a state-of-the-art microgrid - powered by FuelCell (NASDAQ:FCEL) - which will ensure that critical municipal facilities have reliable power.
  • The FuelCell power plant will provide 2.2 megawatts of ultra-clean power to the electric grid under normal operation.

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