Danbury's FuelCell Energy executives traveled to South Korea this week where its manufacturing partner and minority owner, POSCO Energy, unveiled a 20-megawatt fuel cell park in the capital city of Seoul.
State lawmakers are proposing a bill, backed by Gov. Dannel Malloy, that aims to help the state's fuel-cell industry, which is facing headwinds after a poor showing in a recent renewable energy bidding process and the expiration of an important federal tax credit.
Danbury-based FuelCell Energy said Thursday that its fiscal fourth quarter losses deepened by 41 percent over the year, largely driven by a steep decline in revenue from product sales.
Connecticut over the years has nurtured its fuel-cell industry perhaps more than any other state, offering policies and financial perks that have made the miniature power plants more economical to manufacture and purchase. But two major state clean-energy procurements, which failed to select fuel-cell projects, have revealed the potential limits of that support and dealt a setback to the industry.
A proposed Beacon Falls fuel-cell park that would be the world's largest was dealt a blow Tuesday when it lost a large potential customer — utilities in Connecticut and two neighboring states.
Bridgeport Mayor Joe Ganim said Thursday that the city will fine O&G Industries $100 per day for blight violations related to a debris pile located at the Torrington-based construction firm's aggregate yard in the city.