FuelCell Energy Inc. provided an update on its previously announced plans to ramp to a 70 megawatt (MW) annual run-rate and the job creation resulting from the demand for its highly efficient and environmentally friendly stationary fuel cell power plants. The company announced that it has increased production rate by 25% and expects to be at a 70 megawatt annualized run-rate by May 1, 2013. As a result of the increased run-rate and execution on the business plan, the company expects to report revenues for its second fiscal quarter ending April 30, 2013 in the range of $38 to $40 million. This compares favorably to total revenues of $36.4 million reported for the quarter ended January 31, 2013 and $24.2 million reported for the quarter ended April 30, 2012.

FuelCell Energy Inc. announced the sale of a megawatt-class fuel cell power plant for installation at Hartford Hospital in Hartford, Connecticut. Hartford Steam Company, owned by Energenic of Mays Landing, New Jersey, purchased the fuel cell power plant and will sell the ultra-clean electricity and steam generated by the power plant to Hartford Hospital under a long term energy purchase agreement (EPA) that will result in savings to the Hospital. Excess heat not used by the hospital will be supplied to the district heating system in Hartford that is owned and operated by Hartford Steam and serves the Learning Corridor Corporation, a magnet school system. The 1.4 megawatt DFC1500(R) fuel cell power plant will be located immediately adjacent to the hospital, occupying only about 2,250 square feet, which is minimal for renewable power generation. By comparison, 1.4 MW of solar power requires approximately 200 times greater space than the fuel cell power plant. 1.4 megawatts of power production is adequate to power approximately 1,400 average Connecticut homes.

FuelCell Energy Inc. Presents at FBR Energy & Industrials One-on-One Series, May-13-2013 . Venue: Four Seasons Hotel Boston, 200 Boylston Street, Boston, MA 02116, United States.