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CARBON C A P T U R E DISTRIBUTED G E N E R A T I O N HYDROGEN FOR TRANSPORTATION LONG-DURATION STORAGE SOLUTIONS FOR TODAY’S GLOBAL ENERGY NEEDS ANNUAL REPORT 2017 CARBON C A P T U R E E R U T P A C FuelCell Energy, Inc. (NASDAQ: FCEL) delivers efficient, affordable and clean solutions for the supply, recovery and storage of energy. We design, manufacture, undertake project development of, install, operate and DISTRIBUTED G E N E R A T I O N N I O T A R E N E G maintain megawatt-scale fuel cell systems, serving utilities and industrial and large municipal power users with solutions that include both utility-scale and on- site power generation, carbon capture, local hydrogen production for transportation and industry, and long duration energy storage. With SureSource™ installations on three continents and millions of megawatt hours of ultra-clean power produced, FuelCell Energy is a global leader with environmentally responsible power solutions. LONG-DURATION STORAGE FOR FOR 2 H TRANSPORTATION Dear Stockholders, Many of today’s 2017 Highlights unprecedented global We made significant progress in every aspect energy challenges of our business, concluding our fiscal year with strong revenue, record backlog and represent tremendous a strong balance sheet. These results are growth opportunities transformational and firmly position us for for our company. future growth. FuelCell Energy is recognized as a global leader We received over $1.2 billion in project awards in delivering clean, efficient and affordable during the second half of 2017. At fiscal year- solutions configured for the supply, recovery end, our backlog and project awards totaled and storage of energy.
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