FuelCell Energy Receives Exxon Order Related to Carbon-Capture Development
By Rob Curran
FuelCell Energy Inc. has received an order from Exxon Mobil Corp. for equipment related to the alternative-energy company's carbon-capture partnership with the oil giant.
Exxon hasn't made a final investment decision on the carbon-capture project, with the order of a fuel-cell stack module and related engineering services intended for the construction of a full-scale prototype as a demonstration of the technology, FuelCell said.
The fuel-cell modules are designed to capture and concentrate carbon dioxide streamed through them from flues or other sources.
In May 2022, Exxon and FuelCell extended a joint-development deal for commercialization of carbon-capture technology.
FuelCell Energy shares rose 1.6% to $1.91 premarket.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 01, 2023 08:50 ET (12:50 GMT)
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