FuelCell Energy Awarded a Contract to Evaluate New Potential Applications for Direct FuelCell(R) Power Plants

A global energy company awarded the contract.

DANBURY, Conn., Oct. 7, 2014 -- FuelCell Energy, Inc.

(Nasdaq:FCEL), a global leader in the design, manufacture, operation and
service of ultra-clean, efficient and reliable fuel cell power plants,
secured a contract award that will evaluate the potential integration of
Direct FuelCell(R) (DFC(R)) power plants with combustion-based natural gas
fueled processes. A global energy company awarded the contract.

"This funding from the private sector, in addition to government-led
initiatives we are already undertaking, supports a number of new potential
opportunities for our clean and affordable fuel cell power plants to augment
the sustainability profile of certain processes fueled by natural gas," said
Chip Bottone, Chief Executive Officer, FuelCell Energy, Inc.

"Our Advanced Technology programs have been developing approaches to
leverage our fuel cell technology from solely power and heat generation to
other processes, including carbon capture," said Tony Leo, Vice President
Applications & Advanced Technology Development, FuelCell Energy, Inc. "The
work to be done under this award uses some of these concepts in novel ways,
targeting new applications in the energy industry."

The multi-million dollar contract includes the current award as well as an
earlier feasibility study. The recent award is to provide for testing at the
Company's facility in Danbury, Connecticut, USA.

Successfully reaching milestones may lead to additional awards.

Direct FuelCell(R) (DFC(R)) power plants combine a fuel such as clean
natural gas or renewable biogas with oxygen from the ambient air to
efficiently generate power electrochemically, almost completely avoiding the
emission of nitrogen oxide (NOx) that causes smog, sulfur dioxide (SOx) that
contributes to acid rain, or particulate matter (PM10) that can aggravate asthma. The DFC stationary fuel cell power plants
utilize carbonate fuel cell technology and provide continuous power where
the power is used, including both on-site applications and electric grid
support. The combination of near-zero pollutants, modest land-use needs, and
quiet operating nature of these stationary fuel cell power plants
facilitates locating the power plants in urban locations. The power plants
are fuel flexible, capable of operating on clean natural gas, on-site
renewable biogas, or directed biogas.

About FuelCell Energy

Direct FuelCell(R) power plants are generating ultra-clean, efficient and
reliable power at more than 50 locations worldwide. With more than
300 megawatts of power generation capacity installed or in backlog, FuelCell
Energy is a global leader in providing ultra-clean baseload distributed
generation to utilities, industrial operations, universities, municipal
water treatment facilities, government installations and other customers
around the world. The Company's power plants have generated more than 2.8
billion kilowatt hours of ultra-clean power using a variety of fuels
including renewable biogas from wastewater treatment and food processing, as
well as clean natural gas. For more information, please visit
www.fuelcellenergy.com

Featured Product

SolarEdge Technologies - Solar Inverters, Power Optimizers and PV Monitoring

SolarEdge Technologies - Solar Inverters, Power Optimizers and PV Monitoring

The SolarEdge PV inverter combines sophisticated digital control technology with efficient power conversion architecture to achieve superior solar power harvesting and best-in-class reliability. The fixed-voltage technology ensures the solar inverter is always working at its optimal input voltage over a wider range of string lengths and regardless of environmental conditions. A proprietary data monitoring receiver has been integrated into the inverter and aggregates the power optimizer performance data from each PV module. This data can be transmitted to the web and accessed via the SolarEdge Monitoring Portal for performance analysis, fault detection and troubleshooting of PV systems.