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FuelCell Energy Secures $49 Million EXIM Financing for South Korea Project

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FuelCell Energy (FCEL) said Monday that the US Export-Import Bank has approved a $49 million financing package to support exports of its fuel cell technology to South Korea.

The financing will be disbursed in two tranches, with the first tranche expected on June 30 providing about $22 million in net proceeds to support the delivery of five 2.8 megawatt FuelCell Energy Blocks to Gyeonggi Green Energy.

A second tranche is expected to be disbursed in October, subject to customary closing conditions.

The company said the proceeds provide non-dilutive capital to support growth, manufacturing expansion and opportunities in global power markets, including AI factories and data centers.

Price: $29.83, Change: $+5.83, Percent Change: +24.27%

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