FuelCell shares surge on expanded carbon-capture deal with Exxon
Shares of microcap FuelCell Energy Inc. rallied about 81% Wednesday in active volume, after the company said it’s expanding a partnership with Exxon Mobil Corp. on developing carbon capture technology.
The two partners began to work together on carbon capture in 2016 with an initial project at an Alabama power plant that aimed to make “clean” coal and gas affordable. The Southern Co. SO, +0.73% Barry power plant was the site of that project which aimed to capture up to 90% of the carbon dioxide emissions that make coal and gas powered plans so damaging to the environment.
Don’t miss: As shareholder support for climate-change action grows, SEC votes to throttle those voices
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