FuelCell Energy, Inc. entered into a Capital Equipment Purchase Agreement with Fit Energy USA LP to manufacture and deliver carbonate fuel cell block systems for data center applications, totaling up to 380 MW of capacity. In connection with the agreement, the company issued warrants to Fit for the right to purchase up to 12,000,000 shares of common stock at an exercise price of $26.44 per share, with vesting tied to project phase deposits. FuelCell Energy, Inc. manufactures and sells fuel cell power generation systems.
