Danbury-based FuelCell Energy has received a $5 million credit facility from the Connecticut Green Bank to support a utility scale power project in Danbury. That project was previously announced and will showcase their electrical efficiency, enabling utilities to affordably and cleanly solve power generation challenges in land-constrained areas.
FuelCell President Chip Bottone says this will address energy, environmental and economic policy goals of utilities and governments. Construction is currently in progress and commercial operation is expected this summer.
Connecticut Green Bank partners with private-sector investors to create low-cost, long-term, sustainable financing to implement green energy measures.