Achieve commercial operations at the Groton Sub Base fuel cell project
Not delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 10 Mar 2022
- Due
- 15 May 2022
- Checked
- 1 Oct 2026
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Extensions were received from the Navy and the project’s tax equity partner, East West Bancorp, Inc. (“East West Bank”), extending the date by which commercial operations are to be achieved to May 15, 2022.”
What we found
Evidence strength A What the grades mean
The company failed to achieve commercial operations by the May 15, 2022 deadline, subsequently extending the deadline multiple times to September 30, 2022, and then to November 30, 2022.
-
A Fuelcell Energy Inc. 10-Q filed 2022-06-09
“Extensions were received from the U.S. Navy extending the date by which commercial operations are to be achieved to September 30, 2022.” ✓ confirmed on the page
-
A Fuelcell Energy Inc. 10-K filed 2022-12-20
“On October 4, 2022, the Company and East West Bank further amended their tax equity financing agreement to extend the deadline by which commercial operations were to be achieved at the Groton Project from September 30, 2022 to November 30, 2022.” ✓ confirmed on the page
Market reaction: the shares moved -10.1% against the S&P 500 over the three sessions around the disclosure (8 Jun 2022 to 13 Jun 2022). What this measures
Checked 1 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Project other
- Indicative materiality
- Low rules
- Action
- Achieve
- Deliverable
- Groton Sub Base fuel cell project
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: repair and upgrade of mechanical component; reinstallation of mechanical component
- Depends on
- Customer
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
- Third check on a negative finding: agreesBecause a negative finding could harm a company if wrong, a stronger model re-read the evidence fully blind and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2022-FCEL-002373 · Corrections policy