We are better together, FuelCell Energy stock jumps on Siemens collaboration deal

FuelCell Energy (NASDAQ: FCEL) shares rose 11% Thursday morning following the announcement of a collaboration with Siemens to explore scalable fuel cell power solutions.

The companies formalized their partnership through a memorandum of understanding that aligns electrical design and supply with fuel cell technologies to support deployment of distributed energy systems. Under the agreement, Siemens will design and supply electrical balance of plant systems for fuel cell installations, supporting the rapid deployment of 100+ MW commercial projects.

The collaboration includes joint project development spanning engineering, integration, and delivery of distributed energy systems incorporating fuel cells, battery energy storage, microgrid controls, and medium-voltage electrical equipment. The companies plan to evaluate opportunities to scale and deploy solutions that improve timelines, reduce costs, and increase deployments.

FuelCell Energy designs, manufactures, operates, and services fuel cell power plants for applications including data centers, industrial facilities, utilities, and other distributed generation customers. Siemens brings expertise in electrical balance of plant design and integration for fuel cell-based power solutions.