FuelCell Energy Awarded $3.8M Contract by U.S. Navy to Develop Power System for Unmanned Underwater Vehicle - FuelCell Energy (NASDAQ:FCEL)

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FuelCell Energy, Inc. (Nasdaq: FCEL) today announced a $3.8 million contract award from the U.S. Navy to develop and test a Hybrid Solid Oxide Fuel Cell (SOFC)-Battery power system for large displacement undersea vehicle propulsion. The objective of the project is to develop a refuelable power system, with high energy density, that is suitable for undertaking long duration underwater missions of unmanned submersibles. The Hybrid SOFC-Battery system will be capable of generating 1,800 kilowatt hours of electricity during a 70 day mission with no exhaust discharged outside of the vehicle at any time. It will use liquid fuel and be self-contained with no reliance on external air.

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