FuelCell Energy (FCEL) and Inuverse, a developer of next-generation AI-specialized hyperscale data centers, announced a strategic Memorandum of Understanding to explore opportunities to deploy up to 100 megawatts of fuel cell-based power in phased increments starting in 2027 at the AI Daegu Data Center.
Mike Hill, Executive Vice President and Chief Commercial Officer of FuelCell Energy, said: "With proven scaled energy platforms already operating in Korea, and integrated thermal capabilities that align seamlessly with Inuverses cooling needs, were proud our technology could be used to support this transformative infrastructure project. Together, were enabling a digital ecosystem that is expected to drive innovation and regional growth in Korea."
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.