FuelCell Energy and SDCL Announce Strategic Power Collaboration for Data Centers
DANBURY, Conn., January 20, 2026 — Sustainable Development Capital LLP (SDCL) and FuelCell Energy, Inc. (Nasdaq: FCEL) have teamed up to explore a significant deployment of up to 450 megawatts of advanced fuel-cell power systems. This initiative aims to support the expansion of data centers and other essential distributed power requirements on a global scale. The collaboration signifies a shared understanding that the rise of artificial intelligence (AI) necessitates a substantial transformation in data center power architectures.
Collaboration Overview
The joint effort combines FuelCell Energy’s innovative distributed baseload power technology with SDCL's extensive experience in financing and operating scalable energy solutions. This partnership is founded on a letter of intent that outlines their commitment to enhancing energy availability, resilience, and cost-effectiveness for energy-intensive applications.
- Deployment of up to 450 megawatts of fuel-cell systems.
- Focus on enhancing resilience and sustainability in data center operations.
- Strategic alignment with the industry's shift towards decentralized power solutions.
Addressing Energy Demands in a Changing Landscape
As AI and high-performance computing continue to grow, the requirements for power are evolving. It's no longer just about capacity; it involves a rethinking of power architecture entirely. FuelCell Energy's systems are uniquely positioned to meet these needs, generating continuous, megawatt-scale direct DC power. This capability allows for seamless integration with current infrastructure while providing the flexibility to transition to centralized 800-volt DC power as required.
Moreover, the collaboration promises to improve Power Usage Effectiveness (PUE) by utilizing waste heat for applications like absorption chilling, which can enhance overall data center efficiency.
Statements from Leadership
Jonathan Maxwell, CEO of SDCL, emphasized the partnership’s alignment with their mission: “We invest in energy-efficient infrastructure that delivers long-term value while supporting the evolution to a cleaner energy system. We believe that FuelCell Energy’s technology aligns well with that vision, offering reliable, high-availability power with significantly lower emissions.”
Jason Few, President and CEO of FuelCell Energy, further elaborated, stating, “Our collaboration with SDCL brings together a differentiated technology platform and a partner with deep experience financing and operating projects at scale, creating a pathway to deploy distributed fuel-cell capacity to support data-center growth and mission-critical power needs.”
About Sustainable Development Capital LLP
SDCL is a leader in developing, investing in, and operating decentralized energy infrastructure across the United States, the UK, and Europe. Established in 2007, the firm manages approximately US$2.5 billion in assets and specializes in projects that provide essential onsite energy services under long-term contracts.
About FuelCell Energy
FuelCell Energy, Inc. specializes in delivering innovative and sustainable power solutions designed to minimize emissions and ensure operational continuity. With over 55 years of experience and more than 600 modules deployed worldwide, FuelCell Energy is committed to assisting customers in achieving their immediate and long-term energy goals.
Forward-Looking Statements
This announcement contains forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ from projected outcomes, including potential challenges related to the company’s restructuring plan, operational costs, and market conditions.