FuelCell Energy Partners with Inuverse for Data Center Innovation

Collaboration Between FuelCell Energy and Inuverse

FuelCell Energy, Inc. (Nasdaq: FCEL) has teamed up with Inuverse to explore an exciting venture aimed at developing a cutting-edge data center in Korea. This partnership marks a significant move to harness clean energy, with a specific focus on achieving remarkable upgrades in the AI and hyperscale markets. The goal is to deploy up to 100 megawatts (MW) of innovative fuel cell power, setting the stage for transformative infrastructure.

Vision for AI Daegu Data Center

Inuverse is currently developing the AI Daegu Data Center (AI DDC), which aspires to become Korea's largest data center. The project aims to integrate advanced technologies, including state-of-the-art rack cooling systems and efficient energy management solutions leveraged from FuelCell Energy's cutting-edge platform. By optimizing thermal energy usage, this facility is designed to reduce operational expenses while enhancing performance, ultimately serving the energy needs of modern data processing.

Advancements in Clean Energy Technology

FuelCell Energy has a proven track record of providing clean, reliable, and high-efficiency fuel cell power solutions. The company’s systems not only help data centers fulfill their energy requirements but do so without interrupting their operations. This approach aligns seamlessly with the growing demand for sustainable practices in the digital economy, enabling a stable transition to a greener future.

Unique Deployment Capabilities

One of the standout features of FuelCell Energy's solutions is their ability to deliver rapid deployment of energy systems. These modular setups can be installed within months compared to traditional power systems that can take years. This dexterity proves vital for the progressive energy needs of AI and cloud computing sectors, enabling swift responses to fluctuating demands.

Commercial Success in Korea

Currently, FuelCell Energy operates the largest single-site fuel cell facility in Korea, boasting a capacity of 58MW. This operational milestone attests to the reliability and commercial viability of their technology. With the partnership with Inuverse, the company aims to broaden its presence across Asia, advancing their mission to promote decarbonization and significantly cut down emissions.

Statements from Company Leaders

Mike Hill, the Executive Vice President and Chief Commercial Officer at FuelCell Energy, emphasizes the significance of this project. He stated, "Our clean, reliable, and scalable platform is purpose-built for the data center market. With proven energy capabilities already available in Korea, we are excited to support this transformative project that is set to elevate regional growth and showcase innovation in the digital sector." Hill further expressed confidence in the potential of this collaboration, noting its preparedness for the changing landscape of data center demands.

Commitment to Renewable Targets

David Kim, the Executive Vice President and Chief Business Development Officer at Inuverse, highlighted the strategic nature of this partnership in meeting the increasing data processing demands brought on by AI technologies. He stated, "This collaboration is pivotal for Inuverse to address surging data demands while simultaneously achieving our renewable energy objectives. We believe this initiative will establish heightened global standards for environmental sustainability in data centers." This reflects a shared commitment to both renewable energy targets and elevating standards for operational excellence.

About FuelCell Energy

FuelCell Energy, Inc. has been at the forefront of clean energy solutions for over 55 years, enabling clients to access reliable power while managing emissions. Their customizable energy systems are versatile, operating with various fuel sources such as natural gas, making them ideal for global implementations. With a portfolio of nearly 200 systems in commercial operation, they prioritize sustainability and efficiency in their energy offerings.

Contact Information

If you wish to learn more about FuelCell Energy, you can reach out to their Investor Relations at ir@fce.com. For media inquiries, please contact kblomquist@fce.com.

Frequently Asked Questions

What does the MOU between FuelCell Energy and Inuverse entail?

The MOU outlines plans to collaboratively develop a data center in Korea, deploying up to 100 megawatts of fuel cell power.

How does FuelCell Energy's technology benefit data centers?

FuelCell Energy provides clean, uninterrupted power, enabling data centers to meet energy and operational goals without disruption.

What makes this project significant for Korea's energy landscape?

This initiative aims to position Korea as a leader in sustainable energy solutions while enhancing infrastructure for AI and cloud computing.

How quickly can FuelCell Energy deploy their systems?

The company's systems can be installed within months, providing rapid support for the growing energy demands of modern technology.

Who can I contact for more information about FuelCell Energy?

For inquiries, reach out to FuelCell Energy’s Investor or Media Relations departments via the provided contact details.

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