FuelCell Energy is focusing on distributed, clean power for data centers and digital infrastructure. They plan to scale manufacturing capacity, pursue financing opportunities, and win in emerging power markets. The company is aligning its business around delivering low-emission power through its carbonate fuel cell platform. They also have strong momentum heading into 2026.
The demand for power is accelerating due to AI and data center growth, driving the need for clean, reliable power. FuelCell Energy is actively engaging with data center and digital infrastructure participants to provide utility-scale, reliable, and cost-competitive clean power. They are scaling manufacturing capacity and building financing capacity to enable growth, positioning themselves for success in emerging power markets.
FuelCell Energy is focused on its data center strategy and scaling manufacturing capacity to achieve profitability through higher utilization. The company is building financing capacity to support growth, enabling financing flexibility through proven models like the XM financing. FuelCell Energy believes it is positioned to win in emerging power markets, with strong momentum and a disciplined focus on execution to convert pipeline into revenue.
FuelCell Energy has established itself as a leading partner in South Korea’s growing fuel cell energy economy. They have over 100 megawatts of power projects in South Korea, with another 100 megawatts under MOU. The company is advancing its work with GGE in Korea, supported by new financing from XM. FuelCell Energy sees strong momentum and opportunities for growth in South Korea’s evolving energy landscape.
FuelCell Energy is looking ahead to fiscal year 2026 with a compelling case for fuel cells in data center applications. Their carbonate fuel cell platform addresses the need for reliable, efficient, and scalable on-site power for data centers. The platform offers baseload reliability, modular scalability, and meaningful permitting advantages, positioning FuelCell Energy for success in the data center market.
Read more at Yahoo Finance: FuelCell Energy (FCEL) Q4 2025 Earnings Transcript