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FuelCell Energy rises on Siemens collaboration to expand fuel cell deployments

BUZZ-FuelCell Energy rises on Siemens collaboration to expand fuel cell deployments

** FuelCell Energy's FCEL.O shares rise 10.5% to $24.92 premarket

** FCEL collaborates with Siemens to accelerate the growth of fuel cell-based power generation

** Under the deal, Siemens will design and supply electrical balance of plant (EBOP) systems for fuel cell installations, supporting the deployment of 100+ megawatt (MW) commercial projects

** FCEL and Siemens will jointly pursue project development across engineering, system integration and delivery of distributed energy solutions combining fuel cells, battery energy storage, microgrid controls and medium-voltage electrical equipment

** As of last close, shares up 208.3% % YTD


(Reporting by Katha Kalia in Bengaluru)

((katha.kalia@thomsonreuters.com))

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