FuelCell Energy gains on tie-up with Inuverse for data center development in South Korea

FuelCell Energy

10/07/2025 13:18

** Shares of renewable power company FuelCell Energy FCEL.O rise 10.2% to $6.17 premarket

** Company and data center developer Inuverse sign MoU to deploy up to 100 megawatts (MW) of fuel cell-based power in phased increments starting in 2027 at the AI Daegu Data Center (AI DDC) in South Korea

** AI DDC is expected to feature advanced rack cooling, hot zone optimization, absorption chilling using thermal energy from FCEL's platform

** FCEL says it already operates the largest single-site fuel cell park in Korea, totaling 58 MW, and expects this collaboration to expand its Asian footprint

** Up till last close, stock down 38.1% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))