FuelCell Energy closes $10.2M financing for biofuel fuel cell project

In California, FuelCell Energy, Inc. has closed on a tax equity sale-leaseback financing transaction for the 1.4 megawatt SureSource 1500 biofuels fuel cell project with the City of San Bernardino Municipal Water Department (SBMWD) in California with Crestmark Equipment Finance, a division of MetaBank®. Crestmark’s commitment totals $10.2 million through a 10-year sale-leaseback structure and further demonstrates the market’s interest in FuelCell Energy’s differentiated ability to use on-site biofuels, to eliminate flaring and deliver carbon neutral decarbonization energy platforms.