Siemens and FuelCell Energy, Inc. (NASDAQ: FCEL) have announced a memorandum of understanding to collaborate on fuel cell-based power generation, according to a press release issued July 9, 2026.

Under the agreement, Siemens will design and supply electrical balance of plant systems for fuel cell installations, with a focus on supporting deployment of commercial projects exceeding 100 megawatts. The collaboration covers joint project development in engineering, integration, and delivery of distributed energy systems that incorporate fuel cells, battery energy storage, microgrid controls, and medium-voltage electrical equipment.

The two companies said they will also pursue pilot projects to evaluate new applications, including medium-voltage DC power delivery and modular electrical systems, with a stated path to transition successful pilots into full-scale commercial deployments.

Kevin Brown, Head of Sustainability Solutions, Electrification and Automation at Siemens Smart Infrastructure USA, said: "By combining FuelCell Energy's fuel cell technology with Siemens' electrical infrastructure, service, and integration expertise, we can deliver scalable, on-site power solutions for energy-intensive applications."

Shankar Achanta, FuelCell Energy's Chief Product and Technology Officer, said the collaboration "enables us to deliver what the market has been asking for—bringing generation and electrical infrastructure together into a single, scalable solution."

FuelCell Energy designs, manufactures, operates, and services fuel cell power plants for data centers, industrial facilities, utilities, and distributed generation customers. Siemens Corporation is a U.S. subsidiary of Siemens AG. In fiscal year 2025, Siemens Group USA reported revenue of $24.43 billion.