08:00 AM EDT, 07/10/2025 (MT Newswires) -- FuelCell Energy ( FCEL ) shares were up 13% in Thursday premarket trading after it signed a memorandum of understanding (MoU) with Inuverse to explore deployment of up to 100 megawatts (MW) of fuel cell-based power in phased increments from 2027 at the AI Daegu Data Center in South Korea.

Once developed, the AI Daegu Data Center is expected to feature advanced rack cooling, hot zone optimization, absorption chilling enabled by the thermal energy from FuelCell Energy's ( FCEL ) platform, and a clean waste model that reduces operational costs and improves performance, FuelCell Energy ( FCEL ) said.