FuelCell Energy Files 8-K Report

TL;DR

FCEL filed a routine 8-K, no major news.

AI Summary

On May 28, 2024, FuelCell Energy, Inc. filed an 8-K report. The filing primarily concerns "Other Events" and does not detail specific financial transactions or significant business developments beyond its routine reporting status.

Why It Matters

This filing indicates FuelCell Energy, Inc. is meeting its regulatory reporting obligations with the SEC, which is standard for publicly traded companies.

Risk Assessment

Risk Level: low — This is a routine SEC filing that does not contain new material information or significant business events.

Key Players & Entities

• FuelCell Energy, Inc. (company) — Registrant
• May 28, 2024 (date) — Date of report
• Delaware (jurisdiction) — State of Incorporation
• 3 Great Pasture Road, Danbury, Connecticut 06810 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common Stock, $0.0001 par value per share FCEL The Nasdaq
• $159,644,000 — replacement components, and service is $159,644,000 USD, with payments to be made over time

Filing Documents

• fcel-20240528x8k.htm (8-K) — 38KB
• 0001558370-24-008678.txt ( ) — 158KB
• fcel-20240528.xsd (EX-101.SCH) — 3KB
• fcel-20240528_lab.xml (EX-101.LAB) — 18KB
• fcel-20240528_pre.xml (EX-101.PRE) — 11KB
• fcel-20240528x8k_htm.xml (XML) — 5KB

01. Other Events

Item 8.01. Other Events. Long-Term Service Agreement with G yeonggi Green Energy Co., Ltd. On May 28, 2024, FuelCell Energy, Inc. (the "Company") and G yeonggi Green Energy Co., Ltd. ("GGE") entered into a long-term service agreement (the "LTSA") with respect to GGE's 58.8 megawatt ("MW") fuel cell power platform in Hwaseong-si, Korea (the "GGE Platform"). The GGE Platform is comprised of 21 SureSource 3000 molten carbonate fuel cells (each a "Plant"). Each Plant is comprised of two 1.4-MW carbonate fuel cell modules. Pursuant to the LTSA, GGE and the Company have agreed that (i) GGE will purchase from the Company 42 1.4-MW carbonate fuel cell modules to replace existing fuel cell modules at the GGE Platform, (ii) the Company will provide certain balance of plant replacement components if and to the extent the parties reasonably determine existing components should be replaced, and (iii) the Company will provide long term operations and maintenance services for the GGE Platform. The total amount payable by GGE under the LTSA for the 42 replacement fuel cell modules, balance of plant replacement components, and service is $159,644,000 USD, with payments to be made over time as such replacement fuel cell modules are commissioned and the service obligations under the LTSA for such Plants commence. Pursuant to the LTSA, the Company will provide various performance guarantees for each Plant related to power generation, fuel consumption, water consumption and heat production. If a Plant fails to achieve such performance requirements, the Company may be required to compensate GGE for such underperformance. The Company's service obligations under the LTSA will commence with respect to individual Plants as the Company replaces each Plant's existing fuel cell modules and commissions the replacement fuel cell modules. The term of the LTSA with respect to each Plant will continue for seven years from the date of commissioning of the replacement fuel cell modules for such

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FUELCELL ENERGY, INC. Date: May 28, 2024 By: /s/ Michael S. Bishop Michael S. Bishop Executive Vice President, Chief Financial Officer, and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR