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Plunkett's Renewable, Alternative & Hydrogen Energy Industry Almanac


Sample Profile

FUELCELL ENERGY INC       www.fuelcellenergy.com
Industry Group Code: 333298 Ranks within this company's industry group: Sales: 2 Profits:11
BUSINESS ACTIVITIES:  ("Y" = Yes)
Hydrogen:
Fuel Cells:  Y
Other Hydrogen Tech.:  
   
   
   
Waste/Agriculture:
Biomass:  
Ethanol:  
Other:  
   
Electricity Generation:
Nuclear:  
Solar:  
Wind:  
Hydro:  
Thermal/Other:  
Equipment:
Superconductivity:  
Batteries/Storage:  
Nuclear Technology:  
Photovoltaic/Solar:
Wind:
Services:
Engineering/Research:  
Consulting:  
Specialty:  
   
   
Other Technology:
Information Systems:  
Green Bldg. Tech.:  
Clean Coal Tech.:  
Clean Diesel Tech.:  
Other Technology:  
TYPES OF BUSINESS: GROWTH PLANS/SPECIAL FEATURES
Fuel Cell Technology

FuelCell Energy, Inc. has developed a proprietary patented carbonate fuel cell utilized for stationary power generation. Significant funding for the organization comes from the United States Department of Energy, the Department of Defense and the Environmental Protection Agency, as well as other outside sources. FuelCell Energy’s patented fuel cell technology is known as the Direct FuelCell, because it introduces hydrocarbon fuel, such as pipeline natural gas, directly into the fuel cell without requiring external reforming for producing hydrogen. This one-step operation results in a more efficient, simpler and more cost-effective energy conversion system compared with most other fuel cells, which utilize complex external reforming equipment to convert fuel to hydrogen. Products are designed to meet the power requirements of a wide range of customers, such as utilities, industrial facilities, data centers, shopping centers, wastewater treatment plants, office buildings, hospitals, universities and hotels. The core power plants range from 250kW to 10MW. The company has received recent contracts for Direct FuelCell technology for power plants in Japan, France and California. FuelCell Energy has also supplied Direct FuelCell technology to the U.S. Army, the Sheraton New York Hotel and the 2004 Democratic National Convention. The company services 40 power plant sites around the world that have generated over 78 million kilowatt hours..

FuelCell Energy provides its employees with life, medical and dental insurance.

BRANDS/DIVISIONS/AFFILIATES:
Direct FuelCell
CONTACTS:
Note: Officers with more than one job title may be intentionally listed here more than once.
Jerry D. Leitman, CEO
R. Daniel Brdar, COO
R. Daniel Brdar, Pres.
Joseph G. Mahler, Sr. VP/CFO
Herbert T. Nock, Sr. VP-Mktg. & Sales
Hansraj C. Maru, Exec. VP/Chief Tech. Officer
Joseph G. Mahler, Treas.
Christopher R. Bentley, Exec. VP
Jerry D. Leitman, Chmn.

Phone: 203-825-6000 Fax: 203-825-6100
Toll-Free:   
Address: 3 Great Pasture Rd., Danbury, CT 06813 US
Internet Address: www.fuelcellenergy.com
FINANCIALS: Sales and profits are in thousands of dollars-add 000 to get the full amount. 2005 note: Financial information for 2005 were not available for all companies at press time.
2005 Sales:  $
2004 Sales:  $31,386
2003 Sales:  $33,790
2002 Sales:  $41,200
2001 Sales:  $26,200
2005 Profits:  $
2004 Profits:  $-86,443
2003 Profits:  $-67,414
2002 Profits:  $-48,800
2001 Profits:  $-15,400

Employees:  346

Fiscal Year Ends: 10/31
SALARIES/BENEFITS:
Pension Plan: Y ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $388,250 Bonus: $186,000
Savings Plan: Y Stock Purch. Plan:   Second Exec. Salary: $274,673 Bonus: $65,750
OTHER THOUGHTS:

Stock Ticker:
FCEL

LOCATIONS:  ("Y" = Yes)
Apparent Women Officers or Directors: 
Hot Spot for Advancement for Women/Minorities: 
West:
Southwest:
Midwest:
Southeast:
Northeast:

Y
International:

Y

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