FuelCell Energy, Inc.
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.
-9 vs industry average
FuelCell Energy, Inc.’s score of 27 is lower than 41% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electrical Machinery Manufacturing has below-average carbon intensity
Industry performance
The Electrical Machinery Manufacturing industry has reduced its overall emissions by 37% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
FuelCell Energy, Inc.'s reported carbon emissions
FuelCell Energy, Inc., headquartered in the US, has reported its greenhouse gas (GHG) emissions for recent years. For 2024, the company's total reported emissions were approximately 208.3 million kg CO2e. This figure comprises about 175.9 million kg CO2e from Scope 1 emissions, approximately 4.3 million kg CO2e from Scope 2 emissions, and around 30.4 million kg CO2e from Scope 3 emissions. In 2023, FuelCell Energy, Inc. reported total emissions of approximately 152.3 million kg CO2e. This breakdown included about 126.2 million kg CO2e for Scope 1, approximately 3.8 million kg CO2e for Scope 2, and roughly 22.0 million kg CO2e for Scope 3. The company's emissions for 2022 were approximately 137.1 million kg CO2e, with Scope 1 contributing about 112.5 million kg CO2e, Scope 2 around 4.1 million kg CO2e, and Scope 3 approximately 20.4 million kg CO2e. For 2021, total emissions stood at approximately 103.6 million kg CO2e, consisting of about 84.6 million kg CO2e in Scope 1, roughly 3.6 million kg CO2e in Scope 2, and approximately 15.3 million kg CO2e in Scope 3. In 2020, FuelCell Energy, Inc. reported total emissions of approximately 94.2 million kg CO2e. This included about 80.6 million kg CO2e for Scope 1, approximately 2.9 million kg CO2e for Scope 2, and around 10.6 million kg CO2e for Scope 3. FuelCell Energy, Inc. has not disclosed specific reduction targets or participation in initiatives like the Science Based Targets initiative (SBTi) or the Climate Pledge in the provided data. The company's sustainability reports note that data for Scope 3 purchased goods and services is missing.
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FuelCell Energy, Inc.’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for FuelCell Energy, Inc. yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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FuelCell Energy, Inc.
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