FuelCell Energy signs $159.6M long-term service agreement with GGE for 58.8 MW Korean platform

FUELCELL ENERGY INC

Total contract value $159.6M for 42 replacement fuel cell modules, balance-of-plant parts, and O&M services.
GGE's 58.8 MW platform in Hwaseong-si, Korea, uses 21 SureSource 3000 units.
Service term per plant is 7 years from commissioning of replacement modules.
Commissioning begins fall 2024 for first 6 modules; 30 modules in 2025; 6 in H1 2026.
Performance guarantees cover power, fuel, water, heat; underperformance may require compensation.

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