Not many companies would be optimisitic following a $84m loss - but Fuel Cell Energy is. They anticipate significant funding from the Connecticut Clean Energy Fund - see here and Elemental Power Corp who want to build a 30 megawatt fuel cell plant in Danbury.

Where there are clear grounds for optimism though are in the research and development contract backlog - worth $30.1 m as of Oct. 31, compared to $15.8 million 12 months earlier.

However, the cynic in me though suggests that this might be further evidence that fuel cells aren't about to go mainstream because there's still too much R&D to be done.