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FuelCell Energy, Inc. announced a memorandum of understanding to form a German-based joint venture with Fraunhofer IKTS (Institute for Ceramic Technologies and Systems) to develop the market in Europe for Direct FuelCell(R) (DFC(R)) stationary power plants. Additionally, Fraunhofer IKTS will contribute certain assets and their expertise in fuel cells and materials science to the joint venture.

"Germany needs clean baseload distributed power generation and FuelCell Energy has market leading solutions so it is a very good fit for Fraunhofer to work with FuelCell Energy," said Prof. Dr. Alexander Michaelis, director, Fraunhofer IKTS. "The Fraunhofer IKTS team looks forward to applying our materials science and fuel cell expertise to help develop a broader range of applications and markets for FuelCell Energy products and technology."

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