Energy Manager Today Newsletter - Click Here.

NRG Invests $35M in FuelCell Energy

August 1, 2014 By Linda Hardesty

NRG Energy ManageNRG 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.

Last year, FuelCell Energy signed an agreement with NRG Energy for the marketing and sales of FuelCell Energy power plants.


Leave a reply


*

Energy Management Jobs - Click Here.