Danbury-based FuelCell Energy Inc. recently appointed Christopher S. Sotos to the fuel cell power plant company’s board of directors.
Sotos is senior vice president of strategy and mergers and acquisitions at NRG Energy Inc., which was granted director designation rights in connection with its $35 million purchase of 6 percent of FuelCell’s common stock in July. He is the eighth member on the FuelCell board.
He brings more than two decades of experience in corporate financial management and business strategy, according to a FuelCell press release. At NRG, Sotos leads the company’s efforts in acquisitions as well as smaller venture capital investments and strategic relationships. He also is a board member of NRG Yield, a dividend growth-oriented company focused on power generation assets.
In addition to the stock purchase in July, NRG established a $40 million construction and term loan facility to FuelCell for project development.
