NRG Invests $35M in FuelCell Energy
NRG Energy bought $35 million of stock in FuelCell Energy and extended a $40 million loan for project development, project finance and working capital support.
NRG Energy now owns about 17 million shares of FuelCell Energy’s common stock, or 6 percent, including 2.4 million shares owned prior to this transaction.
In addition to the common stock investment, NRG Energy has extended a $40 million revolving construction and term financing facility for the purpose of accelerating project development by FuelCell Energy and its subsidiaries.
- Integrated Building Optimization
- NAEM Trends Report: Planning for a Sustainable Future
- Essential Guide to Lighting Retrofits and Upgrades
- 2013-20114 Winter Polar Vortex
- Trends in Energy Management: Where Should Your Next Investment Be?
- The CFO and the Sustainability Reporting Chain
- Sustainability Careers: Unlocking Hidden Employment Potential
- 2014 Environmental Leader Product and Project Awards
- EHS Managers: The Evolution from Necessary Evil to Vital Leaders
- BuildingIQ Security
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement