FCEL

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $FuelCell Energy(FCEL.US) FuelCell Energy Secures $49 Million EXIM Financing for South Korea Project

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ 𝐄𝐗𝐈𝐌 approved a 𝐔𝐒$𝟒𝟗 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 financing package for FuelCell Energy.

➤ First tranche is expected on 𝐉𝐮𝐧𝐞 𝟑𝟎, providing approximately 𝐔𝐒$𝟐𝟐 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in net proceeds.

➤ Funds will support delivery of 𝐟𝐢𝐯𝐞 𝟐.𝟖-𝐌𝐖 FuelCell Energy Blocks to South Korea's GGE.

➤ GGE operates nearly 𝟔𝟎 𝐌𝐖, making it one of the world's largest fuel cell sites.

➤ Second financing tranche is expected in 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟐𝟎𝟐𝟔, subject to closing conditions.

➤ Financing was structured through 𝐄𝐗𝐈𝐌'𝐬 loan guarantee program with PEFCO.

➤ Package follows successful 𝐄𝐗𝐈𝐌-backed financings completed in 𝟐𝟎𝟐𝟒 and 𝟐𝟎𝟐𝟓.

➤ Approximately 𝟗𝟎% of FuelCell Energy Blocks' content is sourced from the 𝐔.𝐒.

👉 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬:

➤ Financing provides 𝐧𝐨𝐧-𝐝𝐢𝐥𝐮𝐭𝐢𝐯𝐞 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 to support company growth.

➤ Strengthens FuelCell Energy's 𝐢𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 clean energy expansion strategy.

➤ Supports manufacturing expansion and opportunities in 𝐀𝐈 𝐝𝐚𝐭𝐚 𝐜𝐞𝐧𝐭𝐞𝐫 power markets.

👉 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:

➤ "EXIM's approval validates the strength of this project, our partnership with Gyeonggi Green Energy, FuelCell Energy's business plan, and our ability to deliver distributed utility-scale clean power globally." — 𝐌𝐢𝐜𝐡𝐚𝐞𝐥 𝐁𝐢𝐬𝐡𝐨𝐩, Chief Financial Officer of FuelCell Energy.

➤ "This financing adds non-dilutive capital to support growth and provides added flexibility as we invest in scaling manufacturing capacity, pursuing strategic opportunities in global power markets and mirroring our distributed utility scale solutions to AI factories and data centers." — 𝐌𝐢𝐜𝐡𝐚𝐞𝐥 𝐁𝐢𝐬𝐡𝐨𝐩.