Danbury firm gets $200M lifeline

After warning investors of a possible bankruptcy this past summer, FuelCell Energy announced Thursday a $200 million lifeline in the form of a new credit agreement, allowing it to payoff existing holders of debt and fund projects at the U.S. Navy’s submarine base in Groton and for the Long Island Power Authority, among others. FuelCell is based in Danbury and manufactures in Torrington power plants that use a chemical process to extract electricity from hydrogen, with no harmful emissions. In August, the company replaced former CEO Chip Bottone with board member Jason Few.