FuelCell Energy Releases 2024 Annual and Sustainability Reports
FuelCell Energy (FCEL) has published its 2024 Annual and Sustainability Reports, highlighting significant business achievements and environmental progress. The company added approximately $250 million to its revenue backlog in 2024 through utility-scale projects and advancement of clean energy technology, including a carbon capture platform with ExxonMobil.
The company expanded its service business through long-term agreements with Gyoenggi Green Energy Co., and Sacramento Area Sewer District. Following a global restructuring in late 2024, FCEL remains focused on growth and operational streamlining. CEO Jason Few emphasized the company's fuel-flexible technology and proven commercial platforms, particularly highlighting their carbonate platform's potential in natural gas applications.
The 2024 Sustainability Report showcases key achievements including establishing an annual GHG emissions inventory, completing a product-level life cycle assessment, conducting a climate risk assessment, implementing a sustainability governance model, and earning ISS ESG Prime status.
FuelCell Energy (FCEL) ha pubblicato i suoi Rapporti Annuali e di Sostenibilità per il 2024, evidenziando importanti successi aziendali e progressi ambientali. L'azienda ha aggiunto circa 250 milioni di dollari al suo portafoglio di entrate nel 2024 grazie a progetti su larga scala e all'avanzamento della tecnologia dell'energia pulita, inclusa una piattaforma di cattura del carbonio con ExxonMobil.
L'azienda ha ampliato il suo business di servizi attraverso accordi a lungo termine con Gyoenggi Green Energy Co. e il Sacramento Area Sewer District. Dopo una ristrutturazione globale alla fine del 2024, FCEL rimane concentrata sulla crescita e sull'ottimizzazione operativa. Il CEO Jason Few ha sottolineato la tecnologia flessibile in termini di combustibile dell'azienda e le piattaforme commerciali collaudate, evidenziando in particolare il potenziale della loro piattaforma carbonatica nelle applicazioni a gas naturale.
Il Rapporto di Sostenibilità 2024 mette in mostra risultati chiave come l'istituzione di un inventario annuale delle emissioni di gas serra, il completamento di una valutazione del ciclo di vita a livello di prodotto, la conduzione di una valutazione dei rischi climatici, l'implementazione di un modello di governance della sostenibilità e l'ottenimento dello status ISS ESG Prime.
FuelCell Energy (FCEL) ha publicado sus Informes Anuales y de Sostenibilidad 2024, destacando logros empresariales significativos y avances ambientales. La compañía añadió aproximadamente 250 millones de dólares a su cartera de ingresos en 2024 a través de proyectos a gran escala y el avance de la tecnología de energía limpia, incluida una plataforma de captura de carbono con ExxonMobil.
La empresa expandió su negocio de servicios a través de acuerdos a largo plazo con Gyoenggi Green Energy Co. y el Sacramento Area Sewer District. Tras una reestructuración global a finales de 2024, FCEL se mantiene enfocada en el crecimiento y la optimización operativa. El CEO Jason Few enfatizó la tecnología flexible en combustible de la empresa y sus plataformas comerciales probadas, destacando particularmente el potencial de su plataforma carbonatada en aplicaciones de gas natural.
El Informe de Sostenibilidad 2024 muestra logros clave, incluyendo el establecimiento de un inventario anual de emisiones de gases de efecto invernadero, la finalización de una evaluación del ciclo de vida a nivel de producto, la realización de una evaluación de riesgos climáticos, la implementación de un modelo de gobernanza de sostenibilidad y la obtención del estatus ISS ESG Prime.
연료전지 에너지 (FCEL)는 2024년 연례 및 지속 가능성 보고서를 발표하여 중요한 비즈니스 성과와 환경적 진전을 강조했습니다. 이 회사는 유틸리티 규모의 프로젝트 및 ExxonMobil과의 탄소 포집 플랫폼을 포함한 청정 에너지 기술의 발전을 통해 2024년에 약 2억 5천만 달러의 수익 백로그를 추가했습니다.
회사는 경기도 녹색 에너지 주식회사 및 새크라멘토 지역 하수도 구와의 장기 계약을 통해 서비스 비즈니스를 확장했습니다. 2024년 말 글로벌 구조조정 이후 FCEL은 성장과 운영 효율화에 집중하고 있습니다. CEO 제이슨 퓨는 회사의 연료 유연 기술과 검증된 상업 플랫폼을 강조하며, 특히 자연가스 응용 분야에서 탄산염 플랫폼의 잠재력을 강조했습니다.
2024 지속 가능성 보고서는 연간 온실가스 배출량 목록 작성, 제품 수준의 생애 주기 평가 완료, 기후 위험 평가 수행, 지속 가능성 거버넌스 모델 구현, ISS ESG Prime 상태 획득 등 주요 성과를 보여줍니다.
FuelCell Energy (FCEL) a publié ses Rapports Annuels et de Durabilité pour 2024, mettant en avant des réalisations commerciales significatives et des progrès environnementaux. L'entreprise a ajouté environ 250 millions de dollars à son carnet de commandes en 2024 grâce à des projets à grande échelle et à l'avancement de la technologie de l'énergie propre, y compris une plateforme de capture de carbone avec ExxonMobil.
L'entreprise a élargi son activité de services grâce à des contrats à long terme avec Gyoenggi Green Energy Co. et le Sacramento Area Sewer District. Suite à une restructuration mondiale à la fin de 2024, FCEL reste concentrée sur la croissance et l'optimisation opérationnelle. Le PDG Jason Few a souligné la technologie flexible en matière de combustible de l'entreprise et ses plateformes commerciales éprouvées, mettant particulièrement en avant le potentiel de leur plateforme carbonatée dans les applications de gaz naturel.
Le Rapport de Durabilité 2024 met en lumière des réalisations clés, notamment l'établissement d'un inventaire annuel des émissions de GES, l'achèvement d'une évaluation du cycle de vie des produits, la réalisation d'une évaluation des risques climatiques, la mise en œuvre d'un modèle de gouvernance de la durabilité et l'obtention du statut ISS ESG Prime.
FuelCell Energy (FCEL) hat seine Jahres- und Nachhaltigkeitsberichte für 2024 veröffentlicht, in denen bedeutende Geschäftserfolge und Umweltfortschritte hervorgehoben werden. Das Unternehmen hat im Jahr 2024 etwa 250 Millionen Dollar zu seinem Umsatzrückstand hinzugefügt, dank großangelegter Projekte und dem Fortschritt in der sauberen Energietechnologie, einschließlich einer CO2-Abscheidungsplattform mit ExxonMobil.
Das Unternehmen hat sein Dienstleistungsgeschäft durch langfristige Vereinbarungen mit Gyoenggi Green Energy Co. und dem Sacramento Area Sewer District erweitert. Nach einer globalen Umstrukturierung Ende 2024 bleibt FCEL auf Wachstum und operative Effizienz fokussiert. CEO Jason Few betonte die kraftstoffflexible Technologie des Unternehmens und bewährte kommerzielle Plattformen, wobei er insbesondere das Potenzial ihrer Carbonat-Plattform in der Erdgasnutzung hervorhob.
Der Nachhaltigkeitsbericht 2024 zeigt wichtige Erfolge, darunter die Erstellung eines jährlichen Treibhausgasemissionsinventars, den Abschluss einer Produktlebenszyklusbewertung, die Durchführung einer Klimarisikobewertung, die Implementierung eines Modells für Nachhaltigkeitsgovernance und den Erwerb des ISS ESG Prime-Status.
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DANBURY, Conn., Feb. 20, 2025 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) has released its 2024 Annual Report and 2024 Sustainability Report. The publications include information and analysis on the company’s business performance in fiscal year 2024 and its progress against its sustainability goals.
The 2024 Annual Report
The 2024 Annual Report provides shareholders with a comprehensive overview of FuelCell Energy’s financial performance, key achievements, strategic initiatives implemented throughout the year, and a look at the current fiscal year ahead.
FuelCell Energy added approximately
Heading into 2025, FuelCell Energy remains focused on growth while continuing to streamline its business operations after implementing a global restructuring in late 2024.
FuelCell Energy President & CEO Jason Few’s letter to stockholders underscores the Company’s commitment to empowering customers with innovative energy solutions, driving commercial excellence, offering a practical path to manage energy delivery and emissions, and optimizing core business operations. His message highlights FuelCell Energy’s strategic focus on meeting today’s most critical energy challenges while positioning the Company for future growth and continued leadership in the industry.
He also shares the Company’s outlook for the 2025 fiscal year, saying, “FuelCell Energy’s solutions fit well into today’s pragmatic ‘all of the above’ energy perspective that sees the value of both renewable and traditional sources of energy to support a stable and secure supply.”
Few emphasized the significant opportunities ahead, stating, “Our technology is fuel-flexible, and our commercial platforms are proven.” Few continued, “Our carbonate platform is well positioned to benefit from a focus on and acceptance of natural gas as a low carbon fuel, and it supports our longstanding ethos of helping customers pursue a practical path on the energy transition.”
2024 Sustainability Report
FuelCell Energy’s 2024 Sustainability Report reaffirms the company’s strong commitment to environmental stewardship, social responsibility and corporate governance. The report highlights significant achievements over the past year, demonstrating progress toward its sustainability strategy—one that is aligned with the company’s broader business objectives.
Key milestones highlight FuelCell Energy’s commitment to sustainability and operational excellence. These achievements include establishing an annual GHG emissions inventory, completing a product-level life cycle assessment, conducting a climate risk assessment, integrating a sustainability governance model into business processes, and earning ISS ESG Prime status.
Betsy Schaefer, FuelCell Energy’s Chief Marketing and Sustainability Officer, emphasized the company’s progress, stating, “In 2024, we achieved significant milestones in our company’s sustainability journey, incorporating adaptation and mitigation strategies as part of our comprehensive sustainability strategy. We are dedicated to decarbonization across our value chain - from our supply chain to our operations and the use phase of our products.”
About FuelCell Energy
FuelCell Energy, a pioneer in clean energy technology, provides efficient and sustainable power, carbon capture, and hydrogen solutions worldwide. The company’s fuel cells have been in commercial operation for more than 20 years and are able to run on various fuels including natural gas, hydrogen, and biofuel. The company’s installations have a wide variety of applications, including support of the electric grid, distributed baseload power on site for data centers, industrial operations, and major manufacturers. Founded in 1969 in Danbury, Connecticut, FuelCell Energy holds more than 530 patents that enable solutions for today’s energy needs. Learn more about our groundbreaking technology at fuelcellenergy.com.
Contact:
FuelCell Energy
ir@fce.com
203.205.2491
Kathleen Blomquist
kblomquist@fce.com
203.546.5844
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