---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-043389"
form_type: "8-K"
ticker: "FCEL"
cik: "0000886128"
company_name: "FUELCELL ENERGY INC"
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:39:25.738184+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# FuelCell Energy and ExxonMobil Extend Joint Development Agreement Through 2026

## Summary
- Term extended to December 31, 2026, from original March 31, 2024 expiration.
- Minimum annual research budget of $10 million, with cap on reimbursed costs removed.
- FTE rates increased by 15% and will rise 3% annually starting March 31, 2025.
- FuelCell Energy can pursue third-party carbon capture projects up to 250,000 tons CO2 per year.

## SEC filing metadata
- accession: 0001104659-24-043389
- form_type: 8-K
- ticker: FCEL
- cik: 0000886128
- company_name: FUELCELL ENERGY INC
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886128/000110465924043389/0001104659-24-043389-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886128/000110465924043389/tm2410963d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-043389
- JSON: https://secwatch.observer/filing/0001104659-24-043389.json
- Plain text: https://secwatch.observer/filing/0001104659-24-043389.txt

## Key facts
- Material Agreements
  FUELCELL ENERGY INC amended Amendment No. 5 with ExxonMobil Technology and Engineering Company (effective 2024-03-31).
  - Action: amendment
  - Agreement: collaboration
  - Counterparty: ExxonMobil Technology and Engineering Company
  - Effective: 2024-03-31
  source text: On and effective as of March 31, 2024, FuelCell Energy, Inc. (the “Company”) and ExxonMobil Technology and Engineering Company (f/k/a ExxonMobil Research and Engineering Company) (“EMTEC”) entered into Amendment No. 5 (“Amendment No. 5”) to the Joint Development Agreement between the Company and EMTEC (as amended, the “Joint Development Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/886128/000110465924043389/0001104659-24-043389-index.htm

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