FuelCell Energy Inc.

History

Year	Detail
1969	FuelCell Energy Inc. was founded as "Energy Research Corporation" by Bernard Baker and Martin Klein to focus on fuel cells and rechargeable batteries.
1970s	The company has received funding from the U.S. military and utility companies then it started conducting extensive research into low temperature fuel cells and silver-zinc battery cells.
1980s	Energy Research Corporation switches focus to high-temperature, high-efficiency carbonate fuel cells, leading to the flagship Direct Fuel Cell product.
1990	The company has won a $32 million Department of Energy (DOE) contract to design, build, and test fuel cells that can operate on natural gas.
1992	It has successfully demonstrated a 120 kilowatt (kW) high-temperature carbonate fuel cell system.
1996	After continued research and development of the carbonate platform, a 2-megawatt (MW) fuel cell power plant goes online in Santa Clara, California.
1999	Energy Research Corporation renamed itself FuelCell Energy and spun off its battery efforts as a separate company to develop batteries for the U.S. military.
2001	FuelCell Energy opens a manufacturing facility to design, build, and support its technology in Torrington, Connecticut.
2007	FuelCell Energy increases its presence throughout Korea and the broader Asian market.
2011	FuelCell Energy demonstrates the first distributed hydrogen plant in its platform after years of continued product development.
2013	Installation of a 14.9 MW fuel cell park in Bridgeport, Connecticut, and a 59 MW fuel cell park in South Korea (the largest fuel cell park in the world).
2016	FuelCell Energy establishes a generation portfolio and enters into a joint development agreement with ExxonMobil for CO2 capture.
2017	FuelCell Energy has begun its hydrogen distribution project with Toyota. The system is designed to produce three value streams: hydrogen, electricity, and water.
2022	The company extends the term of the agreement with ExxonMobil for the development and deployment of carbon capture technology.