FuelCell Energy Electrolyzer To Be Used In UK Hydrogen And Nuclear Study
Portfolio Pulse from Benzinga Newsdesk
FuelCell Energy, Inc. (NASDAQ:FCEL) has been contracted by EDF Energy for a project exploring the use of hydrogen to decarbonize asphalt production. The project, part of the Bay Hydrogen Hub consortium, will use FuelCell Energy's 1-Megawatt Solid Oxide Electrolyzer Cell (SOEC) with nuclear generated heat and electricity to produce hydrogen in bulk at a lower cost. The UK's Department for Energy Security and Net Zero has announced £6.1m ($7.4m) for the Bay Hydrogen Hub scheme, a figure that will be matched by the project partners.
October 18, 2023 | 12:11 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
FuelCell Energy's partnership with EDF Energy for a hydrogen project could potentially boost its revenues and market position. The project's success could also enhance the company's reputation in the hydrogen and decarbonization sectors.
FuelCell Energy's involvement in the Bay Hydrogen Hub project could potentially increase its revenues and enhance its market position. The project's success could also improve the company's reputation in the hydrogen and decarbonization sectors, potentially attracting more partnerships and contracts in the future.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100