<SEC-DOCUMENT>0000950123-11-056067.txt : 20110602
<SEC-HEADER>0000950123-11-056067.hdr.sgml : 20110602
<ACCEPTANCE-DATETIME>20110602160612
ACCESSION NUMBER:		0000950123-11-056067
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110531
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110602
DATE AS OF CHANGE:		20110602

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FUELCELL ENERGY INC
		CENTRAL INDEX KEY:			0000886128
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				060853042
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14204
		FILM NUMBER:		11888661

	BUSINESS ADDRESS:	
		STREET 1:		3 GREAT PASTURE RD
		CITY:			DANBURY
		STATE:			CT
		ZIP:			06813
		BUSINESS PHONE:		2038256000

	MAIL ADDRESS:	
		STREET 1:		3 GREAT PASTURE ROAD
		CITY:			DANBURY
		STATE:			CT
		ZIP:			06813

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ENERGY RESEARCH CORP /NY/
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c18337e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.50in">
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>
<DIV align="center" style="font-size: 1pt; margin-top: 10pt"><DIV align="center"><DIV style="font-size: 1pt; margin-top: 10pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>
<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 OR 15(d) of The Securities Exchange Act of 1934</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of Report (Date of earliest event reported): May 31, 2011</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>FUELCELL ENERGY, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
<TD width="32%">&nbsp;</TD>
<TD width="2%">&nbsp;</TD>
<TD width="32%">&nbsp;</TD>
<TD width="2%">&nbsp;</TD>
<TD width="32%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
<TD nowrap align="center" valign="top"><B>Delaware
</B></TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top"><B> 1-14204
</B></TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top"><B>06-0853042</B></TD>
</TR>
<TR style="font-size: 1px">
<TD valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD valign="top" align="left">&nbsp;</TD>
<TD valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD valign="top" align="left">&nbsp;</TD>
<TD valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="top">(State or other jurisdiction<BR>
of incorporation)
</TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top">(Commission File Number)
</TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top">(IRS Employer Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
<TD width="48%">&nbsp;</TD>
<TD width="2%">&nbsp;</TD>
<TD width="48%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
<TD align="center" valign="top"><B>3 Great Pasture Road, <BR>
Danbury, Connecticut
</B></TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top"><B>&nbsp;<BR>06813</B></TD>
</TR>
<TR style="font-size: 1px">
<TD valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
<TD valign="top" align="left">&nbsp;</TD>
<TD valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="top">(Address of principal executive offices)
</TD>
<TD>&nbsp;</TD>
<TD align="center" valign="top">(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Registrant&#146;s telephone number, including area code: <B>(203) 825-6000</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Not Applicable</B></DIV>

<DIV align="center" style="font-size: 10pt"><FONT style="border-top: 1px solid #000000">(Former name or former address, if changed since last report.)</FONT></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="3%" nowrap align="left"><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="3%" nowrap align="left"><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="3%" nowrap align="left"><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="3%" nowrap align="left"><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>




<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.50in">

<DIV align="left" style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="7%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;8.01.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Other Events.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">On May&nbsp;31, 2011, FuelCell Energy, Inc. (&#147;FuelCell&#148;) issued a press release announcing a
two-year order for 70 megawatts (&#147;MW&#148;) of fuel cell kits from POSCO Power. The total value of the
order and other commitments for services is estimated to be at least $129&nbsp;million with delivery of
fuel cell kits beginning in October&nbsp;2011 and occurring monthly through October&nbsp;2013. FuelCell also
announced that its second quarter 2011 earnings will be impacted by a non-recurring charge of
approximately $9&nbsp;million as a result of a repair and upgrade program for a select group of 1.2 MW
fuel cell modules produced between 2007 and early 2009. The non-recurring charge will be accounted
for as an increase to cost of goods sold. A copy of FuelCell&#146;s press release is attached to this
report as Exhibit&nbsp;99.1 and incorporated herein by reference.
</DIV>

<DIV align="left" style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="7%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;9.01.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Financial Statements and Exhibits.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">(d) Exhibits.</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="86%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

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<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">FuelCell Energy, Inc., Press Release, issued May&nbsp;31, 2011.</DIV></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt">#&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;#&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;#</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.50in">



<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">FUELCELL ENERGY, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: June 2, 2011&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Joseph G. Mahler
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Joseph G. Mahler&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Senior Vice President, Chief Financial<br>
Officer, Corporate Secretary and<br>
Treasurer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.50in">

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="86%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
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<TR valign="bottom"><!-- Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">FuelCell Energy, Inc., Press Release, issued May&nbsp;31, 2011.</DIV></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c18337exv99w1.htm
<DESCRIPTION>EX-99.1
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<DIV align="right" style="font-size: 10pt; margin-top: 10pt"><U><B>Exhibit&nbsp;99.1</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><IMG src="c18337c1833701.gif" alt="(FUELCELL ENERGY LOGO)">
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><U><B>FOR IMMEDIATE DISTRIBUTION</B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>FuelCell Energy Announces 70 Megawatt Order from POSCO Power and $9<BR>
Million Charge to Second Quarter 2011 Earnings</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B><I>Multi-year Order Supports Demand for Ultra-Clean and Efficient Fuel Cell Power Plants to<BR>
Meet South Korean Renewable Portfolio Standard</I></B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B><I>Limited fleet repair and upgrade program to result in charge to second quarter 2011 earnings</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Danbury, CT &#151; May&nbsp;31, 2011 </B>&#151; FuelCell Energy, Inc. (NASDAQ: FCEL), a leading manufacturer of
ultra-clean, efficient and reliable power plants, today announced a two-year order for 70 megawatts
(MW)&nbsp;of fuel cell kits from POSCO Power. The total value of the order and other commitments for
services is estimated to be at least $129&nbsp;million with delivery of fuel cell kits beginning in
October&nbsp;2011 and occurring monthly through October&nbsp;2013. Payment terms include a down payment and
progress payments during the term of the contract, with approximately 40&nbsp;percent of the contract
value received by October, 2011. POSCO Power is an independent power producer in South Korea and
subsidiary of POSCO, a global steel producer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">&#147;Fuel cells address the needs of the South Korean market for ultra-clean and efficient power that
is generated continuously,&#148; said Soung-Sik Cho, President and CEO, POSCO Power. &#147;We expect fuel
cells to play a significant role in meeting the new and renewable power needs for South Korea under
the Renewable Portfolio Standard and we want to ensure that POSCO Power is positioned to meet the
demand.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">South Korea adopted a renewable portfolio standard (RPS)&nbsp;in 2010 to promote clean energy, reduce
carbon emissions, and develop a local green-industry to promote economic growth. Beginning in
2012, 350 MW of renewable energy per year is mandated through 2016, and 700 MW per year through
2022. Fuel cells operating on natural gas and biogas fully qualify under the RPS and earned a
prominent position within the RPS pricing mechanism due to their efficient and reliable generation
of ultra-clean power.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">&#147;This is the largest order ever received by FuelCell Energy, almost doubling product sales and
service backlog and enabling us to maintain production at an annual rate of 55 MW,&#148; said Chip
Bottone, President and CEO of FuelCell Energy, Inc. &#147;Higher production levels will drive product
costs down further as we achieve manufacturing and purchasing efficiencies.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">&#147;Our relationship with POSCO Power is an excellent example of the market for fuel cells where value
is placed on ultra-clean baseload distributed generation and where we have a strong local partner
to grow the market,&#148; continued Mr.&nbsp;Bottone.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.50in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">POSCO Power recently completed construction of a fuel cell module assembly facility, which utilizes
FuelCell Energy proprietary fuel cell components. POSCO Power stacks the fuel cell
components to create the fuel cell module and adds electrical and mechanical balance of plant to
complete the power plant. The POSCO Power fuel cell module assembly and balance of plant
facilities are designed for 100 MW annual capacity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">In addition to the revenue generated by the sale of fuel cell kits, FuelCell Energy receives a
royalty for each complete power plant built and installed by POSCO Power, under a licensing
agreement signed in 2009. Future potential royalty payments to FCE are not included in the $129
million estimated order value.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">This announcement follows an order in June&nbsp;2009 for 30.8 MW of fuel cell modules and components
valued at approximately $58&nbsp;million. Including this order, POSCO Power has ordered 140 MW of fuel
cells.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Second Quarter 2011 Charge to Earnings</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">FuelCell Energy, Inc. has committed to a repair and upgrade program for a select group of 1.2 MW
fuel cell modules produced between 2007 and early 2009. Second quarter 2011 earnings will be
impacted by a non-recurring charge of approximately $9&nbsp;million, which will be accounted for as an
increase to cost of goods sold. The program will begin in the third quarter of 2011 and no
additional charges are anticipated. The estimated cash impact in fiscal 2011 is $3 to $5&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">The program will ensure that this group of modules is achieving expected performance levels. The
performance shortfall is due to the type of sealant and design utilized, not the stack itself. In
total, 16 modules totaling 19.2 MW will be affected with 14 of the modules located in South Korea
and the remaining two modules located in the USA. Completion of the program is expected by
mid-2012.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">&#147;We understand the cause of the performance shortfall and are confident that it impacts only a
subset of our fleet as different designs and sealant material are used for the remainder of the
modules in the fleet,&#148; said Chip Bottone. &#147;The performance for these 1.2 megawatt modules did not
meet our objectives. Subsequent advancements in sealant technology combined with a different
design prevent this performance shortfall from occurring in our current generation of 1.4 megawatt
fuel cell modules or any of our sub-megawatt modules.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">FuelCell Energy will release second quarter 2011 earnings on June&nbsp;6, 2011, after the market close.
All forward-looking statements are subject to risks and uncertainties that could cause actual
results to differ materially from those projected.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>About FuelCell Energy</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">DFC<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP> fuel cells are generating power at over 50 locations worldwide. The Company&#146;s power plants
have generated over 750&nbsp;million kWh of power using a variety of fuels including renewable
wastewater gas, biogas from beer and food processing, as well as natural gas and other hydrocarbon
fuels. FuelCell Energy has partnerships with major power plant developers and power companies
around the world. The Company also receives funding from the U.S. Department of Energy and other
government agencies for the development of leading edge technologies such as fuel cells. For more
information please visit our website at www.fuelcellenergy.com
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.50in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><I>This news release contains forward-looking statements, including statements regarding the Company&#146;s
plans and expectations regarding the continuing development, commercialization and financing of its
fuel cell technology and business plans. All forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from those projected. Factors
that could cause such a difference include, without limitation, general risks associated with
product development, manufacturing, changes in the regulatory environment, customer strategies,
potential volatility of energy prices, rapid technological change, competition, and the Company&#146;s
ability to achieve its sales plans and cost reduction targets, as well as other risks set forth in
the Company&#146;s filings with the Securities and Exchange Commission. The forward-looking statements
contained herein speak only as of the date of this press release. The Company expressly disclaims
any obligation or undertaking to release publicly any updates or revisions to any such statement to
reflect any change in the Company&#146;s expectations or any change in events, conditions or
circumstances on which any such statement is based.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Direct FuelCell, DFC, DFC/T, DFC-H2 and FuelCell Energy, Inc. are all registered trademarks of
FuelCell Energy, Inc. DFC-ERG is a registered trademark jointly owned by Enbridge, Inc. and
FuelCell Energy, Inc.
</DIV>

<DIV align="left" style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="7%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Contact:</B></TD>
    <TD>&nbsp;</TD>
    <TD>FuelCell Energy, Inc.<BR>
Kurt Goddard, Vice President Investor Relations<BR>
203-830-7494<BR>
ir@fce.com</TD>
</TR>
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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