FuelCell Energy, Inc. received a substantial grant of CAD$5.9 million from Natural Resources Canada’s Clean Fuels Fund to support two innovative projects focusing on hydrogen-based synthetic fuel production. These projects, undertaken in collaboration with various partners, including Canadian Nuclear Laboratories and St. Marys Cement, aim to leverage FuelCell Energy's electrolyzer technology to create low-carbon synthetic diesel fuels. By deploying a 5 kWe electrolyzer at the St. Marys Cement facility, the company plans to utilize CO2 from the plant's flue gas, capturing carbon emissions for conversion into synthesis gas (PtL). Another key aspect of the projects involves assessing the economic viability of producing synthetic diesel fuels from biomass gasification and hydrogen generated by solid oxide electrolysis. The vision includes exploring the construction of a plant capable of producing 550 barrels per day of synthetic fuel. Additionally, the initiatives will demonstrate synthesis gas production through co-electrolysis of water and carbon dioxide, utilizing zero-carbon hydrogen from nuclear power sources and FuelCell Energy's Solid Oxide electrolysis technology. These efforts align with the goal of decarbonization and offer promising solutions for transportation, heat applications, and heating in residential or commercial sectors. FuelCell Energy's President & CEO, Jason Few, highlighted the projects' alignment with the company's mission of providing advanced, sustainable energy solutions and emphasized the differentiation and scalability of their technology. Concurrently, the company announced a special stockholder meeting while trading shares are down, and investors can access exposure to FuelCell Energy through ETFs like HDRO and HYDR.