FuelCell Energy Inc (NASDAQ:FCEL): More Money To Improve Performance
Dallas, Texas 04/15/2014 (ustradevoice) – FuelCell Energy Inc (NASDAQ:FCEL) was last week awarded $3 million investment money by the U.S. Energy Department. The funding is expected to help the company to improve its competitiveness in the fuel cell industry. Although the money went specifically to FuelCell, it was a vote of confidence in the fuel cell industry in general.
The company is expected to use the funding to reduce its costs, improve its fuel cell solutions including for vehicles. The Energy Department believes that the investment in FuelCell will enable the company to enhance the lifespan and performance of its technologies.
Clean energy
The market penetration of fuel cells is currently limited in the U.S. and elsewhere. Although the technology holds the promise for companies seeking to reduce their greenhouse emission without hurting performance or incurring higher costs, the awareness of the benefits of fuel cells is limiting the large-scale adoption of the technology.
The auto industry is expected to be among the major consumers of fuel cells technology as manufacturers move to cut their greenhouse footprint with production of electric vehicles. Talk about the auto industry and the popularity of the electric cars like those manufactured by Tesla Motors Inc (NASDAQ:TSLA) are expected to increase the demand for fuel cells. FuelCell Energy Inc (NASDAQ:FCEL) expects to benefit from the robust electric car market.
The anticipated mega battery plant to be built by Tesla is expected to result in a big demand for fuel cells. Tesla plans to build a battery factory to meet its demand for cells to power its electric cars, which are already attractive big orders domestically and internationally. The expanding market of electric cars leads to higher demand for fuel cells that eventually feeds the revenue coffers of FuelCell Energy Inc (NASDAQ:FCEL) and its peers in the industry.
The industrial usage
The industrial usage of fuel cells is also turning out to be a promising market. Major companies can be seen adopting fuel cell energy in operating industrial equipment like forklifts, and this trend is expected to benefit FuelCell Energy Inc (NASDAQ:FCEL) and its peers
Dallas, Texas 04/15/2014 (ustradevoice) – FuelCell Energy Inc (NASDAQ:FCEL) was last week awarded $3 million investment money by the U.S. Energy Department. The funding is expected to help the company to improve its competitiveness in the fuel cell industry. Although the money went specifically to FuelCell, it was a vote of confidence in the fuel cell industry in general.
The company is expected to use the funding to reduce its costs, improve its fuel cell solutions including for vehicles. The Energy Department believes that the investment in FuelCell will enable the company to enhance the lifespan and performance of its technologies.
Clean energy
The market penetration of fuel cells is currently limited in the U.S. and elsewhere. Although the technology holds the promise for companies seeking to reduce their greenhouse emission without hurting performance or incurring higher costs, the awareness of the benefits of fuel cells is limiting the large-scale adoption of the technology.
The auto industry is expected to be among the major consumers of fuel cells technology as manufacturers move to cut their greenhouse footprint with production of electric vehicles. Talk about the auto industry and the popularity of the electric cars like those manufactured by Tesla Motors Inc (NASDAQ:TSLA) are expected to increase the demand for fuel cells. FuelCell Energy Inc (NASDAQ:FCEL) expects to benefit from the robust electric car market.
The anticipated mega battery plant to be built by Tesla is expected to result in a big demand for fuel cells. Tesla plans to build a battery factory to meet its demand for cells to power its electric cars, which are already attractive big orders domestically and internationally. The expanding market of electric cars leads to higher demand for fuel cells that eventually feeds the revenue coffers of FuelCell Energy Inc (NASDAQ:FCEL) and its peers in the industry.
The industrial usage
The industrial usage of fuel cells is also turning out to be a promising market. Major companies can be seen adopting fuel cell energy in operating industrial equipment like forklifts, and this trend is expected to benefit FuelCell Energy Inc (NASDAQ:FCEL) and its peers