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Hydrogen / Fuel Cell Stock News Bites: FuelCell Energy (NASDAQ: $FCEL) Resumes Manufacturing at Torrington Facility

 

DANBURY, Conn. - June 22, 2020 (Investorideas.com Newswire) Hydrogen / Fuel Cell Stock News Bites - FuelCell Energy, Inc. (Nasdaq: FCEL), a global leader in fuel cell technology - with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy - announced that it has resumed manufacturing at its Torrington, CT facility. The Company previously announced that it had temporarily suspended manufacturing activities on March 18, 2020 in light of the COVID-19 outbreak as a proactive and voluntary measure to secure the safety of the Company's employees and the communities in which our employees live. All team members affected by the temporary shutdown have remained employed by the Company and have received full pay and benefits for the duration of the temporary shutdown.

By implementing work from home practices and continuing limited laboratory activity and fuel cell platform construction and operations services, the Company was able to continue its research and development work regarding the Company's carbon capture solution under our joint development agreement with ExxonMobil Research and Engineering, the development of our advanced solid oxide electrolysis, hydrogen storage, and hydrogen power generation under our US Department of Energy cooperative agreements, construction of our project backlog, and routine fuel cell platform service and operations. During this time, progress was also made on construction of the 7.4 megawatt fuel cell project located on the U.S. Navy Submarine Base in Groton, CT, and on-site construction of the 1.4 megawatt fuel cell platform in San Bernardino, California commenced.

"FuelCell Energy prioritizes the health and well-being of our global team members, their families and their communities," said Jason Few, President and CEO of FuelCell Energy. "We acted quickly, and took proactive steps with a safety-first attitude. We are prepared to reopen the Torrington facility and we have implemented the same safety-first approach to the reopening of our manufacturing operations. Extensive work has gone into preparing our facility, including implementation of spacing of shop floor activities to the extent possible, safety protocols, supply and access to personal protective equipment, and other critical social distancing and disinfecting protocols."

Mr. Few continued, "We maintained an open dialogue with our global team during this unprecedented time, including hosting a weekly all-employee video call and providing video training concerning changes to operations related to the resumption of manufacturing activities."

The Company has self-certified with the State of Connecticut Department of Economic and Community Development its commitment to compliance with all applicable sector guidelines.

Read the company's full news and disclaimer here:

https://investor.fce.com/press-releases/press-release-details/2020/FuelCell-Energy-Resumes-Manufacturing-at-Torrington-Facility/default.aspx

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