Siemens AG and FuelCell Energy, Inc. (FCEL) announced the signing of a memorandum of understanding to cooperate in fuel cell-based power generation, in accordance with a press release issued on 07/09/2026.
Under the agreement, Siemens AG will design and supply electrical balancing systems for the facilities, with the aim of supporting the deployment of commercial projects exceeding 100 megawatts in capacity. The cooperation includes joint development of projects in the fields of engineering and integration, delivering distributed power systems that incorporate fuel cells and energy storage batteries, small-grid control systems, and medium-voltage electrical equipment.