Danbury power company snaps up Bridgeport energy plant for $35.4M

May 15, 2019 04:55PM

A Danbury-based fuel cell power company shelled out $35.4M for an energy plant in Bridgeport, Greenwich Time reported. FuelCell Energy, which built the plant back in 2013 for Dominion Energy, has now purchased the facility. FuelCell said the plant will bring in more than $15 million in annual revenue. The company, which has racked up a $1 billion deficit during its time as a public company, reported a $17.5 million loss in the three months leading up to the end of January, the outlet reported. [GT]