FuelCell Energy Secures $25 Million EXIM Loan for Korean Fuel Cell Project
Reuters
Dec 01
FuelCell Energy Secures $25 Million EXIM Loan for Korean Fuel Cell Project
FuelCell Energy Inc. has secured approximately $25 million in new debt financing from the Export-Import Bank of the United States (EXIM) to support its ongoing collaboration with Gyeonggi Green Energy in South Korea. This financing, executed under EXIM's Project & Structured Finance program, will fund the production and shipment of fuel cell modules for the final phase of an upgrade at the Hwaseong Baran Industrial Complex. The agreement builds on previous successful transactions between FuelCell Energy and EXIM, and aims to enhance the company's ability to deliver utility-scale, American-made energy solutions to international markets.
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