FuelCell Energy (FCEL) said Wednesday it has signed a strategic agreement to provide Fit Energy USA with up to 380 megawatts of clean power for data centers.
Under the agreement, which includes an immediate deposit for an initial 30MW of power set to begin delivery in 2026, Fit Energy will be eligible to receive warrants tied to future deployment milestones of up to 380MW.
Shares of FuelCell rose more than 13% in recent premarket activity Wednesday.
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