XML 80 R62.htm IDEA: XBRL DOCUMENT v3.22.4
Debt - Additional Information (Details)
 1 Months Ended 3 Months Ended 12 Months Ended
Dec. 17, 2020
USD ($)
Dec. 07, 2020
USD ($)
Nov. 30, 2020
USD ($)
Nov. 22, 2019
USD ($)
$ / shares
shares
May 09, 2019
USD ($)
MW
Jan. 31, 2019
USD ($)
position
Oct. 31, 2015
USD ($)
position
Jan. 31, 2020
shares
Oct. 31, 2022
USD ($)
employee
Oct. 31, 2021
USD ($)
Oct. 31, 2020
USD ($)
Oct. 31, 2019
USD ($)
$ / shares
shares
Apr. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
May 16, 2019
Feb. 06, 2019
USD ($)
Debt Instrument [Line Items]                                
Class of warrants or rights exercised | shares               12,000,000                
Interest expense                 $ 6,394,000 $ 7,363,000 $ 15,294,000          
Prepayment penalties                   4,000,000            
Average number of employees | employee                 359              
Consecutive term for average number of employees                 24 months              
Amount of debt reclassified to current                 $ 3,300,000              
Repayment of interest included in debt                 $ 0              
Sale-leaseback Arrangements with PNC [Member]                                
Debt Instrument [Line Items]                                
Purchase right percentage of projected assets at fair market value                 31.00%              
Orion Energy Partners Investment Agent, LLC Credit Facility                                
Debt Instrument [Line Items]                                
Percentage of aggregate principal amount on discount                       2.50%        
Class of warrants or rights issued value                       $ 3,900,000        
Orion Energy Partners Investment Agent, LLC Credit Facility | Senior Secured Credit Facility                                
Debt Instrument [Line Items]                                
Long-term line of credit                       200,000,000.0        
Orion Energy Partners Investment Agent, LLC Credit Facility | Initial Funding                                
Debt Instrument [Line Items]                                
Drew down to fully repay debt outstanding                       14,500,000        
Long-term line of credit after discount                       14,100,000        
Long-term line of credit, discount                       $ 400,000        
Exercise price of warrants or rights | $ / shares                       $ 0.310        
Orion Energy Partners Investment Agent, LLC Credit Facility | Initial Funding | Maximum                                
Debt Instrument [Line Items]                                
Number Of Securities Called By Warrants | shares                       6,000,000.0        
Orion Energy Partners Investment Agent, LLC Credit Facility | Second Funding                                
Debt Instrument [Line Items]                                
Drew down to fully repay debt outstanding       $ 65,500,000                        
Long-term line of credit after discount       63,900,000                        
Long-term line of credit, discount       $ 1,600,000                        
Orion Energy Partners Investment Agent, LLC Credit Facility | Second Funding | Exercise Price 0.242                                
Debt Instrument [Line Items]                                
Exercise price of warrants or rights | $ / shares       $ 0.242                        
Class of warrants or rights exercised | shares       8,000,000.0                        
Orion Energy Partners Investment Agent, LLC Credit Facility | Second Funding | Exercise Price 0.620                                
Debt Instrument [Line Items]                                
Exercise price of warrants or rights | $ / shares       $ 0.620                        
Class of warrants or rights exercised | shares       6,000,000.0                        
Orion Energy Partners Investment Agent, LLC Credit Facility | Second Funding | Maximum                                
Debt Instrument [Line Items]                                
Class of warrants or rights issued | shares       14,000,000.0                        
Connecticut Green Bank Notes                                
Debt Instrument [Line Items]                                
Line of credit facility, maximum borrowing capacity                       $ 1,800,000   $ 3,000,000.0    
Debt instrument, interest rate, stated percentage rate                           8.00%    
Long-term line of credit                 $ 4,800,000              
Connecticut Green Bank Notes | Groton Commitment Letter                                
Debt Instrument [Line Items]                                
Subordinated project term loan                               $ 5,000,000.0
Subordinated Credit Agreement | Bridgeport Fuel Cell, LLC | Connecticut Green Bank Loans                                
Debt Instrument [Line Items]                                
Capacity of plant | MW         14.9                      
Debt instrument, interest rate, stated percentage rate         8.00%                      
Proceeds from long-term lines of credit         $ 6,000,000.0                      
Debt instrument, covenant terms                 On May 9, 2019, in connection with the closing of the purchase of the membership interests of Bridgeport Fuel Cell, LLC (“BFC”) (and the 14.9 MW Bridgeport Fuel Cell Project), BFC (a subsidiary of the Company following the closing) entered into a subordinated credit agreement with the Connecticut Green Bank whereby Connecticut Green Bank provided financing in the amount of $6.0 million (the “Subordinated Credit Agreement”). This $6.0 million consisted of $1.8 million in incremental funding that was received by BFC and $4.2 million of funding previously received by FuelCell Energy, Inc. with respect to which BFC became the primary obligor. As security for the Subordinated Credit Agreement, Connecticut Green Bank received a perfected lien, subordinated and second in priority to the liens securing the $25.0 million loaned under the BFC Credit Agreement (as defined below), in all of the same collateral securing the BFC Credit Agreement. The interest rate under the Subordinated Credit Agreement is 8% per annum. Principal and interest are due monthly in amounts sufficient to fully amortize the loan over an 84-month period ending in May 2026. The Subordinated Credit Agreement contains a debt coverage ratio which is required to be maintained and may not be less than 1.10 as of the end of each fiscal quarter, beginning with the quarter ended July 31, 2020. The balance under the Subordinated Credit Agreement as of October 31, 2022 was $3.5 million.              
Subordinated Credit Agreement | Minimum | Bridgeport Fuel Cell, LLC | Connecticut Green Bank Loans                                
Debt Instrument [Line Items]                                
Debt service coverage ratio         1.10%                      
Subordinated Credit Agreement | Incremental Funding. | Bridgeport Fuel Cell, LLC | Connecticut Green Bank Loans                                
Debt Instrument [Line Items]                                
Proceeds from long-term lines of credit         $ 1,800,000                      
Subordinated Credit Agreement | Previously Received | Bridgeport Fuel Cell, LLC | Connecticut Green Bank Loans                                
Debt Instrument [Line Items]                                
Proceeds from long-term lines of credit         4,200,000                      
Subordinated Credit Agreement | Senior Term Loan | Bridgeport Fuel Cell, LLC | Connecticut Green Bank Loans                                
Debt Instrument [Line Items]                                
Liens securing senior term loan amount         $ 25,000,000.0                      
Credit Agreement | Bridgeport Loans                                
Debt Instrument [Line Items]                                
Maturity date         May 09, 2025                      
Interest rate description                 The interest rate under the BFC Credit Agreement fluctuates monthly at the 30-day LIBOR rate plus 275 basis points.              
Debt instrument, interest rate basis term         30 days                      
Credit Agreement | Bridgeport Loans | Interest Rate Swap                                
Debt Instrument [Line Items]                                
Net interest rate                             5.09%  
Credit Agreement | Bridgeport Loans | Fair Value, Inputs, Level 2 | Interest Rate Swap                                
Debt Instrument [Line Items]                                
Fair value adjustments, charge                 $ (800,000) 500,000 (300,000)          
Fair value asset interest rate                 300,000              
Fair value liability interest rate                   (500,000)            
Credit Agreement | Bridgeport Loans | Fifth Third Bank [Member]                                
Debt Instrument [Line Items]                                
Operation and module replacement reserve to be deposited per month                 $ 100,000              
Credit Agreement | Bridgeport Fuel Cell, LLC | Bridgeport Loans | Fifth Third Bank [Member]                                
Debt Instrument [Line Items]                                
Proceeds from long-term lines of credit         $ 12,500,000                      
Credit Agreement | Bridgeport Fuel Cell, LLC | Bridgeport Loans | Liberty Bank [Member]                                
Debt Instrument [Line Items]                                
Proceeds from long-term lines of credit         $ 12,500,000                      
Credit Agreement | Minimum | Bridgeport Loans                                
Debt Instrument [Line Items]                                
Debt service coverage ratio                 1.20%              
Finance Obligations for Sale Leaseback Agreements                                
Debt Instrument [Line Items]                                
Future payments included in financing obligation for the remaining lease                 $ 38,600,000              
Finance Obligations for Sale Leaseback Agreements | PNC Energy Capital, LLC                                
Debt Instrument [Line Items]                                
Long-term line of credit                 56,600,000   $ 56,500,000          
State of Connecticut Loan                                
Debt Instrument [Line Items]                                
Debt instrument term             15 years                  
Debt instrument, interest rate, stated percentage rate             2.00%                  
Long-term line of credit                 $ 7,774,000 $ 8,622,000            
Debt Instrument, Face Amount             $ 10,000,000.0           $ 10,000,000.0      
Debt instrument, payment terms, period principal payments are deferred             4 years                  
Debt instrument, date of first required payment             Dec. 01, 2019                  
Loans Forgiveness Terms                 if the Company created 165 full-time positions and retained 538 full-time positions for two consecutive years (the “Employment Obligation”) as measured on October 28, 2017 (the “Target Date”). The Assistance Agreement was subsequently amended in April 2017 to extend the Target Date by two years to October 28, 2019.              
Debt instrument period for deferment of principal and interest payments                   3 months            
State of Connecticut Loan | Employment Obligation [Member]                                
Debt Instrument [Line Items]                                
Number of full time positions required to be created | position             165                  
Number of full time positions required to be retained | position             538                  
State of Connecticut Loan | Maximum                                
Debt Instrument [Line Items]                                
Amount of loan forgiveness                 $ 5,000,000.0              
State of Connecticut Loan | Second Amendment | Employment Obligation [Member]                                
Debt Instrument [Line Items]                                
Number of minimum full time positions required to be maintained | position           538                    
Number of consecutive months maintain full time positions           24 months                    
Additional number of full time positions required to be create | position           91                    
Additional credits to be earned           $ 2,000,000.0                    
Target date of job audit           90 days                    
Principal payable number of employee under employee obligation target           $ 18,587.36                    
PNC Energy Capital, LLC                                
Debt Instrument [Line Items]                                
Debt instrument term                 10 years              
Bridgeport Fuel Cell, LLC                                
Debt Instrument [Line Items]                                
Debt instrument term                 8 years              
Payoff Letter                                
Debt Instrument [Line Items]                                
Long-term line of credit after discount   $ 87,300,000                            
Debt instrument prepayment premium $ 4,000,000.0   $ 14,900,000                          
Remaining deferred finance expense 7,100,000                              
Repayments of lines of credit 11,200,000                              
Payoff Letter | Maximum                                
Debt Instrument [Line Items]                                
Debt prepayment premium amount to be waived   $ 4,000,000.0                            
Prepayment Premium And WriteOff                                
Debt Instrument [Line Items]                                
Debt prepayment premium expense amount $ 4,000,000.0