Latham Represents FuelCell Energy in Strategic Agreement With Fit Energy for up to 380 MW of Clean Power for Data Centers

FuelCell Energy, Inc. (Nasdaq: FCEL), a clean energy technology company that manufactures utility‑scale power solutions, and Fit Energy USA LP (Fit Energy), a developer of reliable power solutions to support advanced computing infrastructure and artificial intelligence, have announced a strategic agreement for up to 380 megawatts (MW) of clean, baseload on‑site power for data centers using FuelCell Energy’s utility‑scale fuel cell technology. The agreement includes an immediate deposit for an initial 30 MW of power scheduled to begin delivery later this year.

Latham & Watkins LLP represented FuelCell Energy in the transaction with a corporate team led by partners Nathan Ajiashvili and Kaj Nielsen, with associate Rachel Collier, and a Project Development & Finance team led by partner Seth Richardson, with associate Kyle Pascucci.