FuelCell Energy outlines $3.6B committed and awarded capacity backlog - FCEL News | RalliesFuelCell Energy outlines $3.6B committed and awarded capacity backlog
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FCEL• Q3 fiscal 2026 backlog and demand update
- FuelCell Energy outlined Q3 fiscal 2026 momentum in AI-driven data center demand, anchored by a Fit Energy agreement for up to 380 MW.
- Deposit received for an initial 30 MW order under that arrangement; a separate 75 MW Texas capacity reservation was secured.
- Total proposals for the year-to-date pipeline reached about 10 GW, dominated by high-density data center opportunities.
- Committed backlog stood at USD 1.3 billion; awarded capacity backlog totaled USD 2.4 billion, lifting combined backlog to USD 3.6 billion.
- Cash totaled USD 737 million; positive adjusted EBITDA targeted in Q4 fiscal 2027, subject to backlog conversion and execution.
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