FuelCell Energy Inc (FCEL)

[JRPAH]

JB - I certainly agree that fuel cells are expensive up front, and IMHO we are not going to see them in the lead for pure power generation (my utility FPL already has solar and wind farms in service). I believe the question comes down to if there are enough special applications to make the company profitable. For instance, Pfizer has decided Fuel Cells are the way to go for them to get of the grid and improve reliability of their power source. One would have to be in their business to understand all the trade offs. Microsoft has also expressed interest in getting their data centers off the grid. Each situation is unique with only initial cost as one ingredient. As for a the sub base - again i don't have insight to their cost/reliability study, but intuitively i would fell more comfortable already secure on a micro grid that relaying on power transfer during an instantaneous electromagnetic attack designed to disrupt (knock out) electronics. As far as only one small base. - I would expect the Navy to get a little experience with the system before a bigger commitment. I also really don't think that using the fuel cell at this base was a decision made by the Lt. in charge of facilities.