FuelCell Energy, Inc. Sustainability Profile
FuelCell Energy, Inc., a leading player in the clean energy sector, is headquartered in the United States, with significant operations across North America, Europe, and Asia. Founded in 1969, the company has established itself as a pioneer in fuel cell technology, focusing on the development and commercialisation of fuel cell power plants that convert natural gas and renewable resources into clean electricity. FuelCell Energy's core offerings include its Direct FuelCell® technology, which stands out for its high efficiency and low emissions. The company has achieved notable milestones, including partnerships with various municipalities and corporations to deploy its innovative solutions for sustainable energy generation. With a strong market position, FuelCell Energy continues to drive advancements in the energy industry, contributing to a greener future through its commitment to reducing carbon footprints and enhancing energy resilience.
DitchCarbon Score
How does FuelCell Energy, Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
FuelCell Energy, Inc.'s score of 39 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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FuelCell Energy, Inc.'s reported carbon emissions
In 2024, FuelCell Energy, Inc. reported total carbon emissions of approximately 175,907,000 kg CO2e from Scope 1, 4,276,000 kg CO2e from Scope 2, and 30,423,000 kg CO2e from Scope 3, resulting in a combined total of about 180,183,000 kg CO2e for Scope 1 and 2. This marks a significant increase in emissions compared to 2023, where the company recorded approximately 126,189,000 kg CO2e in Scope 1, 3,781,000 kg CO2e in Scope 2, and 21,977,000 kg CO2e in Scope 3, leading to a total of about 129,980,500 kg CO2e for Scope 1 and 2. Over the past few years, FuelCell Energy has shown fluctuations in its emissions, with 2022 figures at approximately 112,483,000 kg CO2e for Scope 1, 4,091,000 kg CO2e for Scope 2, and 20,401,000 kg CO2e for Scope 3, totalling around 116,574,000 kg CO2e for Scope 1 and 2. The company’s emissions in 2021 were about 84,610,000 kg CO2e (Scope 1), 3,628,000 kg CO2e (Scope 2), and 15,329,000 kg CO2e (Scope 3), with a total of approximately 88,238,000 kg CO2e for Scope 1 and 2. In 2020, emissions were reported at approximately 80,634,000 kg CO2e (Scope 1), 2,938,000 kg CO2e (Scope 2), and 10,627,000 kg CO2e (Scope 3), totalling around 83,572,000 kg CO2e for Scope 1 and 2. Despite these emissions figures, FuelCell Energy has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates independently without cascading emissions data from a parent organisation, ensuring that its reported figures reflect its own operational impact. FuelCell Energy's commitment to addressing climate change is evident in its operational practices, although specific reduction strategies or targets have not been disclosed. The company continues to navigate the evolving landscape of carbon emissions and climate commitments within the energy sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 80,634,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 2,938,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 10,627,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is FuelCell Energy, Inc.'s Industry?
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FuelCell Energy, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
FuelCell Energy, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
