On June 24, 2026, FIT Energy and FuelCell Energy Inc. announced a strategic agreement whereby FIT Energy could purchase up to 380 MW of utility-scale fuel cell power technology for on-site data center power from FuelCell Energy. The strategic agreement includes an immediate deposit from FIT Energy for the initial 30 MW of power and, under the arrangement, FIT Energy received warrants convertible into FuelCell Energy stock which vest upon future deployments.
The transaction supports the growing energy demands of advanced computing infrastructure and artificial intelligence applications while advancing reliable, low-emissions energy solutions for the digital economy.
FIT Energy is a developer of reliable power solutions to support advanced computing infrastructure, inclusive of data centers and artificial intelligence.
Osler, Hoskin & Harcourt LLP advised FIT Energy with a team consisting of Raphael Amram, Jake Sadikman and Bradley Sendel (Corporate).
Key Contact
Partner, Corporate, Montréal
