FuelCell Energy – Legal dispute with Posco mutually ended

Finally: FuelCell Energy has agreed and settled with South Korean company Posco. FuelCell is now independent from Posco again and can pursue other opportunities in Asia. The company figures of FuelCell Energy are not yet very convincing, given the last quarterly results: a measly 14 million USD turnover. Although there are pending orders of 1.29 billion USD in the books, so far seemingly few new orders are coming in. The cooperation with ExxonMobil was extended once again, but with no new conditions to report. 

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Fuel cell stocks on the move

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Every day, more and more encouraging stories are popping up on news tickers, saying that companies, cities, towns and entire unions of countries, such as the EU, want to step on the gas in terms of climate action, with hydrogen definitely playing a crucial role in their efforts. While people are still sparring over what production method we should focus on, I am sure green hydrogen will win out in the end. Though we may need some of that blue gas to get to green.

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