FuelCell Energy to Build 5.6 Megawatts of Connecticut Plants

Apr 30, 2014 4:30 pm ET

(Updates with closing share price in last paragraph.)

April 30 (Bloomberg) -- FuelCell Energy Inc., the company that built the world’s biggest fuel-cell power plant, won a contract to build and operate two 2.8-megawatt power plants in Connecticut for UIL Holdings Corp.’s United Illuminating.

One plant, on an unused landfill in Bridgeport, will also include about 5 megawatts of a solar photovoltaic system and a second site will be determined in 30 days, Danbury, Connecticut- based FuelCell said today in a statement. The plants will be completed next year. The financial terms weren’t disclosed.

FuelCell completed a 59-megawatt project in South Korea in February, the world’s largest facility making electricity with fuel cells.

The shares rose 4.1 percent to $2.27 at the close in New York.