The select assets include fuel cell component inventory and fuel cell manufacturing equipment of the former MTU Onsite Energy Fuel Cell Systems in Ottobrunn, Germany, which was merged with MTU Friedrichshafen GmbH.
Parties to the agreement include FuelCell Energy (FCE), FuelCell Energy Solutions (FCES), MTU Friedrichshafen (MTU), and Fraunhofer IKTS (Institute for Ceramic Technologies and Systems).
Under the agreement, MTU will contribute fuel cell related intellectual property to Fraunhofer IKTS. Fraunhofer IKTS will become a minority owner in FuelCell Energy Solutions by June 30, 2012. FuelCell Energy Solutions will develop the market for stationary fuel cell power plants in Europe for commercial, industrial, and utility scale applications.
"Leveraging the technology strength of Fraunhofer and the commercial strength and experience of FuelCell Energy, FuelCell Energy Solutions now has a clear...FuelCell Energy strengthens European business
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