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Company Interview Excerpt
FuelCell Energy, Inc. - R. Daniel Brdar


Full article published: 05/03/2010


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TWST: Would you begin with a brief overview of your company?
Mr. Brdar: We've been around for a long time, been around for 40 years. What our company does is we focus on manufacturing large-scale, ultraclean stationary fuel cells, really targeting industrial, commercial and utility-scale applications. And the product that we make is one that provides clean, efficient, cost-effective energy for our customers. And we do that through a technology that electrochemically converts a fuel, like a biogas or natural gas, into clean electricity. It's a product that we developed in combination with the U.S. Department of Energy, so we now have this commercial product that we're manufacturing in our home state of Connecticut and shipping around the world. Internationally, the largest market for our products is in Asia.

TWST: Tell us a bit about your Korean partner.
Mr. Brdar: POSCO Power, they are the largest independent power producer in Korea. They are a subsidiary of POSCO, which I believe is the fourth-largest steel company in the world. They partnered with us exclusively for the Korean marketplace, because they bring the local access and the local capability, and we bring the products and the technology. And in the longer term, there are a lot of synergies because some of the primary components of our product are nickel and stainless steel. So being part of a steel company, there are a lot of long-term synergies that we can build off of.

 

Tickers included in this excerpt: FCEL

 

For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.