FuelCell Energy gains on tie-up with Inuverse for data center development in South Korea

Shares of renewable power company FuelCell Energy FCEL.O rise 10.2% to $6.17 premarket

Company and data center developer Inuverse sign MoU to deploy up to 100 megawatts (MW) of fuel cell-based power in phased increments starting in 2027 at the AI Daegu Data Center (AI DDC) in South Korea

AI DDC is expected to feature advanced rack cooling, hot zone optimization, absorption chilling using thermal energy from FCEL's platform

FCEL says it already operates the largest single-site fuel cell park in Korea, totaling 58 MW, and expects this collaboration to expand its Asian footprint

Up till last close, stock down 38.1% YTD