FuelCell Energy Inc. in Danbury said it was awarded an about $12.6 million contract by a unit of PG&E Corp. to install power plants in two university campuses, Reuters reports.
Shares of FuelCell, which makes fuel-cell power plants for electric power generation, jumped 14.5 percent to $2.44 Thursday morning on Nasdaq.
The company said Pacific Gas & Electric Co. had ordered two 1.4 megawatt fuel cell plants to be installed on campuses of California State University East Bay and San Francisco State University.
The contracts include engineering, procurement and construction services, FuelCell said, adding that it expected the plants to be operational in 2011.
