FuelCell Energy Sells 1.5 Megawatts of Fuel Cell Stacks to European Partner MTU; Six Fuel Cell Stacks to Be Incorporated into Power Plants for Installation Throughout Europe

Business Wire, Nov 3, 2005

DANBURY, Conn. -- FuelCell Energy, Inc. (NasdaqNM:FCEL), a leading manufacturer of efficient, ultra-clean fuel cell power generation plants for commercial and industrial customers, today announced it has received an order for six fuel cell stacks from its European partner MTU CFC Solutions GmbH, a subsidiary of DaimlerChrysler (NYSE:DCX).

MTU, which in previous years purchased a total of 2.75 megawatts of fuel cell stacks, incorporates FuelCell Energy's high efficiency, low-emissions technology in the HotModule(R) balance of plant design it manufactures for the European market. To date, MTU has installed over a dozen such power plants based on FuelCell Energy's systems for applications such as manufacturing, wastewater treatment, telecommunications, universities, hospitals and electric utilities.

FuelCell Energy will deliver the additional 1.5 megawatts of stacks, consisting of six 250 kilowatt units, in 2006. Financial terms of the sale were not disclosed. Specific customers for the HotModule systems will be announced at later dates.

MTU power plants built around FCE's stacks among others currently in operation include a Michelin tire plant, a Deutsche Telecom telecommunications center and the utility RWE's Energy Park, as well as a major shipbuilding facility in Cartagena, Spain.

About FuelCell Energy

FuelCell Energy develops and markets ultra-clean power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants and with virtually no air pollution. Fuel cells produce base load electricity giving commercial and industrial customers greater control over their power generation economics, reliability and emissions. Emerging state, federal and international regulations to reduce harmful greenhouse gas emissions consider fuel cell power plants in the same environmentally friendly category as wind and solar energy sources -- with the added advantages of running 24 hours a day and the capacity to be installed where wind turbines or solar panels often cannot. Headquartered in Danbury, Conn., FuelCell Energy services over 40 power plant sites around the globe that have generated more than 78 million kilowatt hours, and conducts R&D on next-generation fuel cell technologies to meet the world's ever-increasing demand for ultra-clean distributed energy. For more information on the company, its products and its worldwide commercial distribution alliances, please see www.fuelcellenergy.com.

Direct FuelCell, DFC and DFC/Turbine are registered trademarks of FuelCell Energy, Inc. All other trademarks are the property of their respective owners. The Company's sub-megawatt DFC fuel cell power plant is a collaborative effort combining its Direct FuelCell technology with a Hot Module(R) balance of plant design from MTU CFC Solutions, GmbH, a subsidiary of DaimlerChrysler.

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.