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Danbury, CT, USA · Public (NASDAQ: FCEL) · fuelcellenergy.com
Carbonate and solid-oxide fuel cells for power and hydrogen
Open roles
—
no public job board
Federal awards
—
none found
Last private raise
$35M
Form D · 2014-07-30
Revenue
$158M
fiscal year ending 2025-10-31
Coming up
POLICY45V: clean hydrogen
Facilities must begin construction before Jan 1, 2028. Affects Hydrogen.
+ THESISPOLICY45Q: carbon capture
Facilities must begin construction before 2033; inflation indexing starts in 2027. Affects Hydrogen.
+ THESISPOLICY45Y / 48E: all other clean power and storage
Full credit for projects beginning construction through 2033; 75% for 2034 starts, 50% for 2035, none from 2036. Affects Hydrogen.
+ THESISHow it works
The reverse: hydrogen (or natural gas, in some designs) meets oxygen across a membrane, making electricity and water with no combustion.
OPEN IN 3D →Others on this approach
Same segment
Read from SEC 8-Ks (bankruptcy, default, delisting, restatement, impairment, restructuring), cash runway in annual reports, Form D raises and the 30-day hiring trend. A prompt to look closer, not a credit rating.
No public job board on Greenhouse, Lever or Ashby, so hiring isn't tracked for this company yet.
| Fiscal year end | 2021-10 | 2022-10 | 2023-10 | 2024-10 | 2025-10 |
|---|---|---|---|---|---|
| Revenue | $70M | $130M | $123M | $112M | $158M |
| Net income | −$101M |
Sources: company job boards (daily), SEC EDGAR, USAspending.gov, and the reviewed technology spreadsheets. Public records only cover US entities, so foreign companies and private firms that don't file will show gaps.
| −$143M |
| −$108M |
| −$126M |
| −$188M |
| Cash | $432M | $458M | $250M | $148M | $278M |
| R&D spend | $11M | $35M | $61M | $55M | $34M |
Companies file a Form D within 15 days of selling shares privately. “Sold” is the amount raised so far in that offering; amended notices (D/A) update earlier ones.
| First sale | Notice | Offered | Sold |
|---|---|---|---|
| 2014-07-30 | D · filed 2014-08-06 | $35M | $35M |
| 2012-04-30 | D · filed 2012-05-14 | $30M | $30M |
No federal grants, contracts or loans found on USAspending.gov under this company's US entity name.
Policy that applies
No minerals, policies or partners linked yet. Add them in the review spreadsheet.