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FuelCell Energy secures $49M EXIM financing for South Korea green energy project

Market News
29 Oct 2026, 14:30 WIB
GlobeNewsWire
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Bullish
FuelCell Energy secures $49M EXIM financing for South Korea green energy project

FuelCell Energy completed a $49 million financing package backed by the U.S. Export-Import Bank to support delivering fuel cell systems to Gyeonggi Green Energy in South Korea. This deal highlights ongoing U.S. support for American clean energy manufacturing and exports, connecting FuelCell Energy's U.S.-based production with global demand. The project involves supplying five 2.8 MW fuel cell blocks to one of the world's largest fuel cell sites, reinforcing the company's role in utility-scale clean power solutions. This financing strengthens FuelCell Energy's growth strategy and international market presence while maintaining financial discipline.

FuelCell Energy's recent $49 million financing deal underscores its expanding role in clean energy projects globally. On Pluang, FCEL shares trade at USD 12.14, down 1.94% as of Oct 29, 2026, 18:51 WIB, with a market cap near $991.43 million. Investor interest remains balanced with 53% buy orders and 47% sell orders, reflecting cautious optimism amid the company's growth efforts.

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