FuelCell Energy Begins Testing Solid Oxide Electrolysis Cell System at U.S. Department of Energy's Idaho National Laboratory
Key Ideas
- FuelCell Energy's solid oxide electrolysis cell system has entered a testing phase at the Idaho National Laboratory.
- The testing involves the largest electrolyzer to date and is a significant milestone for the company.
- This development has caused FuelCell Energy's stock to rise by 2.2% in pre-market trading.
- The company's collaboration with the U.S. Department of Energy highlights the growing interest in hydrogen technology.
FuelCell Energy, a company listed on the NASDAQ under the ticker symbol FCEL, has announced that its solid oxide electrolysis cell system is undergoing testing and validation at the U.S. Department of Energy's Idaho National Laboratory. This system represents a significant milestone for the company as it is the largest electrolyzer to date that is being tested. The news of this testing phase has had a positive impact on FuelCell Energy's stock, with a 2.2% increase in pre-market trading. The collaboration with the Department of Energy underscores the increasing interest and investment in hydrogen technology, particularly in the electrolysis sector. This development marks a step forward in the advancement of FuelCell Energy's technology and its potential applications in the energy industry.