FuelCell Energy Promotes R. Daniel Brdar to Chief Operating Officer; C

    Business Editors

    DANBURY, Conn.--(BUSINESS WIRE)--Feb. 14, 2005--FuelCell Energy, Inc. (NasdaqNM:FCEL) announced today the following executive promotion and appointment.
    R. Daniel Brdar has been promoted to Executive Vice President and Chief Operating Officer, and will be responsible for manufacturing and non-manufacturing operations for the Company's DFC products. Brdar joined FuelCell Energy in 2000 with 19 years of combined technology development and new product introduction experience at General Electric, the U.S. Department of Energy and EG&G Inc. For the past two years, Brdar has lead the product development and commercial cost-out efforts that resulted in a 25 percent cost reduction in 2004. He will continue to lead these areas, and his newly expanded role will include customer service, project management, procurement and manufacturing of the Company's core DFC products.
    Christopher R. Bentley has been appointed Executive Vice President - Strategic Manufacturing Development and Government R&D Operations. Bentley will take on the responsibility of strategic manufacturing development for future manufacturing technologies, expanding manufacturing regionally and expanding beyond the current 50 megawatts of capacity in Torrington. Bentley's responsibilities will also include future product development including the Direct FuelCell/Turbine(R), Ship Service Fuel Cell, Direct FuelCell/Hydrogen and solid oxide fuel cell systems under the U.S. Department of Energy's Solid State Energy Conversion Alliance Program.
    Brdar and Bentley will continue to report to Jerry D. Leitman, FuelCell Energy's Chairman and CEO. Also reporting to Leitman are Dr. Hansraj C. Maru, Executive Vice President and Chief Technology Officer; Herbert T. Nock, Senior Vice President of Marketing and Sales; and Joseph G. Mahler, Senior Vice President and Chief Financial Officer.

    About Direct FuelCells

    FuelCell Energy's Direct FuelCells efficiently generate clean electricity at distributed customer locations, including municipal/industrial wastewater treatment facilities, telecommunications/data centers, hotels, universities, manufacturing, hospitals, prisons, federal and grid support. Direct FuelCells convert readily available fuels, such as natural gas or waste gas, to electrical power with greater efficiency than any competing technology of comparable size, including other fuel cells. This high-efficiency technology generates more electric power from less fuel and has the lowest emissions of any fossil based electric generating technology because the fuel is not burned. DFC power plants can be sited at or near users, and the heat byproduct can be used for cogeneration applications such as district heating, hot water or absorption chilling for air conditioning. Depending upon location, application and load size, the Company's DFC power plants in a cogeneration configuration can achieve an overall energy efficiency of between 70 and 80 percent.

    About FuelCell Energy, Inc.

    FuelCell Energy, Inc., based in Danbury, Connecticut, is a world leader in the development and manufacture of high temperature fuel cells for clean electric power generation. The Company has developed commercial distribution alliances for its carbonate Direct FuelCell products with world class companies such as Caterpillar, PPL Energy Plus, Alliance Power, Chevron Energy Solutions and LOGANEnergy in the U.S.; Marubeni Corporation in Asia; MTU CFC Solutions in Europe; and Enbridge Inc. in Canada. FuelCell Energy developed its patented Direct FuelCell technology for stationary power plants with the U.S. Department of Energy through its Office of Fossil Energy's National Energy Technology Laboratory.
    FuelCell Energy is also developing next generation high temperature fuel cell products, such as a diesel fueled marine Ship Service Fuel Cell, a combined-cycle DFC/Turbine(R) power plant and solid oxide fuel cells through its partnership with Versa Power Systems for applications up to 100 kilowatts. More information is available at http://www.fuelcellenergy.com.
    This news release contains forward-looking statements, including statements regarding the Company's plans and expectations regarding the development and commercialization of its fuel cell technology. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, the risk that commercial field trials of the Company's products will not occur when anticipated, general risks associated with product development, manufacturing, changes in the utility regulatory environment, potential volatility of energy prices, rapid technological change, and competition, as well as other risks set forth in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based.

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CONTACT: Investor and Media Contact: FuelCell Energy, Inc. Steven P. Eschbach, CFA, 203-825-6000 seschbach@fce.com

KEYWORD: CONNECTICUT INDUSTRY KEYWORD: ENERGY MANAGEMENT CHANGES SOURCE: FuelCell Energy, Inc.

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