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FuelCell Energy (FCEL) Awarded $1M from U.S. DOE for Hydrogen Separation, Compressing R&D

October 6, 2011 8:40 AM EDT
FCEL Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)

EPS Growth %: +50.0%
FuelCell Energy, Inc. (Nasdaq: FCEL), announced that the U.S. Department of Energy (DOE) awarded approximately $1.0 million to FuelCell Energy, Inc. to further develop and demonstrate a highly efficient and reliable method for simultaneously separating and compressing hydrogen for multiple applications utilizing its solid-state electrochemical hydrogen separation and compression (EHSC) technology.


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