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FuelCell Energy (NASDAQ:FCEL) +5.9% in Tuesday’s trading after disclosing it received a binding purchase order from Exxon Mobil’s (XOM) Esso Nederland for fuel cell modules as well as engineering, procurement and delivery services required for the construction and implementation of the modular point source carbon capture pilot plant at the Esso Rotterdam manufacturing complex.
Financial details were not disclosed, but according to an 8-K filing, the purchase order provides the funding required by the company to complete the manufacturing, engineering and other work to support the pilot project through start-up at the project site.
FuelCell Energy (FCEL) said the pilot project will be “a full-scale commercial prototype of the modules expected to be used in large scale systems for industrial and commercial point source carbon capture applications.”
Alternative energy stocks are recovering some of their losses from the previous session, as U.S. Treasurys rebounded on Tuesday from two days of sharp losses: Stem (STEM) +8.4%, Maxeon Solar (MAXN) +5.8%, Ballard Power (BLDP) +5.1%, Sunrun (RUN) +5.1%, SunPower (SPWR) +4.4%, JinkoSolar (JKS) +3.9%, Plug Power (PLUG) +3.7%, Clean Energy Fuels (CLNE) +3.1%, Enphase Energy (ENPH) +2.8%, SolarEdge Technologies (SEDG) +2.8%, Bloom Energy (BE) +2.2%.