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FuelCell buys plant in Bridgeport from Dominion Energy

Danbury-based FuelCell Energy has bought an existing 14.9 megawatt fuel cell park in Bridgeport from Dominion Energy.  FuelCell developed, constructed and commissioned the plant in December of 2013 and has maintained the plant since it was commissioned.  The agreement is the result of a competitive bid process undertaken by Dominion Energy.  FuelCell officials say this is part of the company's effort to retain generation assets and notes that the Connecticut Green Bank is playing a key role in financing the acquisition. Total cash consideration to be paid is $36.6 million. The closing is expected by the end of the year.


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