FuelCell Energy Inc., a manufacturer of stationary fuel cell power plants for distributed generation, has entered into a definitive agreement to sell the thermoelectric generator product line subsidiary, Global Thermoelectric Inc., to RockWood Equity Partners LLC

Diesel Progress North American Edition, June, 2004

FuelCell Energy Inc., a manufacturer of stationary fuel cell power plants for distributed generation, has entered into a definitive agreement to sell the thermoelectric generator product line subsidiary, Global Thermoelectric Inc., to RockWood Equity Partners LLC. Under the terms of the agreement, and pending satisfaction of customary closing conditions, RockWood will pay approximately $22.75 million Canadian.

FuelCell Energy is retaining the solid oxide fuel cell technology development group that includes intellectual property, experienced personnel, and manufacturing, research and development facilities.