US Stock Market Move | FuelCell Energy, Inc. (FCEL.US) gains nearly 12% in pre-market trading, partnering with Siemens to develop distributed power solutions.

Before the opening of the US stock market on Thursday, FuelCell Energy, Inc. (FCEL.US) rose by 11.67%. Earlier, the company announced a partnership with Siemens to explore scalable fuel cell power solutions. As part of the collaboration, Siemens will design and provide power balance equipment (EBOP) systems for fuel cell devices to support the rapid deployment of commercial projects of over 100 megawatts. Both companies stated that the collaboration includes joint project development involving engineering design, system integration, and implementation of distributed energy systems. This integrated system includes fuel cells, battery energy storage, microgrid control devices, and medium-voltage electrical equipment. Siemens stated, "Leveraging FuelCell Energy, Inc.'s fuel cell technology and complementing Siemens' expertise in power infrastructure, operations and maintenance services, and system integration, we can provide scalable on-site power solutions for high energy consumption scenarios. This solution can help customers accelerate the deployment of power facilities, expand capacity securely, and drive their transition to low-emission, more resilient energy systems."