Energy Storage, Generation, Natural Gas

FuelCell Energy’s Torrington manufacturing plant achieves 50 MW production capability

DANBURY, Conn., Nov. 13, 2001 — FuelCell Energy, Inc. today announced that it has successfully installed and tested the equipment necessary to produce 50 megawatts of fuel cells per year at the company’s manufacturing facility in Torrington, Conn.

The facility, which began construction approximately one year ago, has been producing the fuel cells for all the company’s current commercial field trial projects.

“The equipment has been installed and new processes have been developed to allow us to produce 50 megawatts per year,” said Christopher R. Bentley, Executive Vice President and Chief Operating Officer. “Each of the process lines has been tested at and achieved the 50 megawatt run rate”.

Since November 2000, the Torrington facility has added approximately 100 employees. The company continues to hire and train staff for three shift operations and will assess production rates based on the market outlook.

“This is clearly an important milestone in our commercialization plan,” said Jerry Leitman, president and CEO. “We are now in a position to manufacture fuel cells in a quantity to meet market demand.”

About Direct FuelCells

Direct FuelCells generate electricity with no combustion. They are, in effect like large, continuously operating batteries that generate electricity as long as fuel, such as natural gas, is supplied. Since the fuel is not burned, there is no pollution commonly associated with the combustion of fossil fuels. Also, the high efficiency leads to more electric power from less fuel and with less carbon dioxide emissions.

FuelCell Energy, Inc. (www.fuelcellenergy.com) is a developer of high efficiency fuel cells for electric power generation. The company’s Direct FuelCell® technology eliminates external fuel processing to extract hydrogen from a hydrocarbon fuel.