---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-128304"
form_type: "8-K"
ticker: "FCEL"
cik: "0000886128"
company_name: "FUELCELL ENERGY INC"
filed_at: "2022-12-19T23:59:59+00:00"
generated_at: "2026-06-21T03:00:25.164620+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# FuelCell Energy extends JDA with ExxonMobil; research funding cap raised to $60M

## Summary
- Amendment No. 3 extends Joint Development Agreement term to August 31, 2023 (was December 31, 2022).
- EMTEC increases maximum research cost reimbursement from $50 million to $60 million.
- Work continues on Rotterdam carbon-capture demo, Generation 2 module prototype, and manufacturing scale-up.
- Under prior letter, FuelCell may invest $5M in Rotterdam project or discount module purchase if project proceeds.

## SEC filing metadata
- accession: 0001104659-22-128304
- form_type: 8-K
- ticker: FCEL
- cik: 0000886128
- company_name: FUELCELL ENERGY INC
- filed_at: 2022-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886128/000110465922128304/0001104659-22-128304-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886128/000110465922128304/tm2232995d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-128304
- JSON: https://secwatch.observer/filing/0001104659-22-128304.json
- Plain text: https://secwatch.observer/filing/0001104659-22-128304.txt

## Key facts
- Material Agreements
  FUELCELL ENERGY INC amended Amendment No. 3 to the Joint Development Agreement with ExxonMobil Technology and Engineering Company valued at increase the maximum amount of research costs to be reimbursed by EMTEC from $50,000,000 to $60,000, (effective 2022-12-01).
  - Action: amendment
  - Agreement: collaboration
  - Counterparty: ExxonMobil Technology and Engineering Company
  - Value: increase the maximum amount of research costs to be reimbursed by EMTEC from $50,000,000 to $60,000,
  - Effective: 2022-12-01
  source text: On December 19, 2022, FuelCell Energy, Inc. (the “Company”) and ExxonMobil Technology and Engineering Company (f/k/a ExxonMobil Research and Engineering Company) (“EMTEC”) entered into Amendment No. 3 to the Joint Development Agreement between the Company and EMTEC (“Amendment No. 3”), effective as of December 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/886128/000110465922128304/0001104659-22-128304-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.