FuelCell Energy, Marubeni and Kawasaki to Build and Market Direct FuelCell Power Plants in Japan

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fcel_logo.gifFuelcell Energy Inc (FCEL) and its partner in Japan, Marubeni Corp., will enter into an agreement with Kawasaki Heavy Industries to become a packager of Direct FuelCell® (DFC®) power plants in Japan. Discussions for conclusion of the agreement are in the final stage. As part of this agreement, Kawasaki will purchase a DFC300A power plant from Marubeni, to be installed at the Kawasaki Akashi Works near Osaka, Japan, where it will undergo long-term evaluation and testing. [ more ] This news and anticipation of earnings later this afternoon has FCEL up over 7% today with above average volume.