FuelCell CEO says company can become ‘native power backbone’ for AI factories

In his letter to stockholders, Jason Few, FuelCell (FCEL) Energy CEO, framed the company’s fiscal year 2025 performance against the backdrop of accelerating electricity demand driven by AI-powered data centers and a continued march toward electrification, reinforcing the importance of reliable, scalable, and distributed energy infrastructure. He wrote, “We believe FuelCell Energy’s solutions are built for this moment. We generate continuous, megawatt-scale direct DC power behind the meter. Our fuel cells integrate generation, storage, and power as a single system, not as bolt-ons. That is why we believe FuelCell Energy can become a native power backbone for AI factories, not simply a faster or cleaner alternative to traditional turbines or other forms of generation.” Few also explained why FuelCell Energy’s solutions offer effective power delivery to customers without compromising the well-being of local communities. “Our mission – to enable a world empowered by clean energy – is grounded in a simple belief: Customers should not have to choose between reliability, sustainability, and economics,” said Few