Fuel Cell Energy, Inc. Is Cutting 96 Jobs: Report

DANBURY, CT — Fuel Cell Energy, Inc. is cutting nearly 100 jobs and the corporate offices in Danbury, the North American production facility in Torrington and remote locations, according to a news release the company posted Thursday.

"We are streamlining our business and cost structure as we reduce our production levels to meet the backlog we have today while positioning the Company for long term success. Our employees are our most valued assets so the decision to reduce our workforce was not made lightly," Chip Bottone, president and chief executive officer of FuelCell Energy, said in a release.

The company is located right on the Bethel-Danbury town line and employs dozens of local residents.

"Our value proposition for affordable, clean and continuous power that is easy to site where the power is used is compelling for addressing the power generation challenges facing society globally today. American innovation and American manufacturing combined with repurposing urban brownfields further solidifies the economic value proposition," Bottone said.

Read the full release here.