FuelCell Energy Acquires 1.4-MW Fuel Cell Plant in Connecticut

FuelCell Energy said Tuesday that it has acquired a 1.4-megawatt fuel cell power plant located at the Central Connecticut State University.

The plant generates electricity in excess of 11 million kilowatt-hours annually and sells electricity to the university under a multi-year power purchase agreement. Terms of the transaction were not disclosed. Shares were 1.3% higher in recent morning trade.