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This is farcical...
The latter is in a big loss position, as are the Institutions Blackrock and Vanguard.
Don't know what kind of research they listened too but my guess is they did they're own .
" I think it's been a long time since anyone bought FCEL for 20 or 17.5."
its not so much the buy (which was bad enough) its the strategy as well...
"Every time it drops a dollar I'm buying again until it reverses."
and according to historical posts, that IS what was done....ouch
" I'm thinking that once the Nasdaq hits 10,500 there is a good chance we start back up."
sure...a bounce is likely...but that wont be the low...not by a long shot...
" A lot depends on what the Fed does."
the fed has already said what its going to do...and they said it will be painful...thats why the market is dropping...there isnt any reason to wonder what the fed will do...the fed will continue to raise rates to around 4.50...hopefully they can stop there...but that remains to be seen...and once they get there, the rates will stay there for some time...they arent going to be cutting rates any time soon...the economy is a nail and the Fed is going to use a sledge hammer...
this is what the Fed is going to do...theres no mystery...
And that's why I keep buying as it drops lower down here.
Massive growth expected in Fuel Cell industry over next 4 years, and this has been revised upwards significantly in the past 6 months.
https://finance.yahoo.com/news/fuel-cell-global-market-report-155700408.html
As long as the market keeps dropping FCEL will too. When it goes back up we'll follow it unless we get that elusive news. The whole market is in a tail spin. :) I'm thinking that once the Nasdaq hits 10,500 there is a good chance we start back up. Hoping that's the bottom. A lot depends on what the Fed does.
As selling intensifies and buyers dry up, the stock now has touched t anemic support in the 3.50 area.
Call Options bought earlier have now been close to wiped out while Holders losses widen.
They'll be bottom pickers who haven't learned the rules of the game. They need another taste of bad timing.
All the articles about the Biden funding has not changed opinions about this stock. None of it has a near term effect and FCEL is not mentioned at all as a recepient.
Technicals suggest lower prices as the stock tumbles toward it.
Professional Analysts had it right from the $29.30 high to current. They advised to Sell while others suggested a weak Hold. The latter is in a big loss position, as are the Institutions Blackrock and Vanguard.
Don't know what kind of research they listened too but my guess is they did they're own . Remember they became the gold standard for investing by some . Those same, do-it your-selfers, they're research is superior and the professionals are inferior.
To them I say,show me the results and we'll know.
They don't and they won't!
The Bull case is in shambles. What's left for them to defend. Oct-Nov- Dec???
3 significant links today, all directly related to growth potential for FCE! The world is moving swiftly! Obviously, the economy and inflation are a priority, but they do not take precedence over mitigating climate and addressing climate change. They will be addressed equally.
#FECM Asst. Sec. Brad Crabtree addressed the @CEMSecretariat Carbon Capture, Utilization, and Storage (#CCUS) Initiative today at the @GCEAF_USA – @ENERGY has a role to play in accelerating CCUS in developing countries while increasing their energy access. #FECMLeadershipSpeaks pic.twitter.com/bthM6mriBR
— DOE Fossil Energy and Carbon Management (@FECMgov) September 22, 2022
wow, quick on the draw! Very exciting news - can't wait to follow all the #hydrogen hub hubbub! https://t.co/Xfi7CCWDPe
— Fuel Cell Insider (@fuelcellinsider) September 22, 2022
Re-post from WeTheMarket on Ihub. Huge, note, accelerate, and in addition to.
https://content.govdelivery.com/accounts/USEERE/bulletins/32e7092
Increased volume slightly, over 4.5M shares just before 11.30. like to see 15M, a few days in a row, then we find out where the stock is really headed still holding the opinion we have a floor in at $3.25 if not $3.42. if we don't go below 342 by next week then we won't. The guest on CNBC I referred to twice already, works for a company that has a bullish opinion and that opinion was such that the market would want to take the S&P down to the previous lows as quickly as possible then recover quickly. As of yesterday I believe that was a 3% drop then a quick rebound. This morning seems to be in line with that. Sh-- is going to hit the fan one way or the other quickly. No way we get through next week without breaking over $4 or under $3.25. $20 calls for Jan 2024 still in the green, and in fact green today. Only + $.02 but I'm okay with that on 88 contracts. $.35 last check. $22 calls even up this morning.
Nice, accelerate, and in addition to!!
I bought at 3.8, 3.7, 3.6 and have order at 3.5. Like I said before it matters not at this time if it goes up or down because it will ultimately have another run.
Biden-Harris Administration Announces Historic $7 Billion Funding Opportunity To Jump-Start America’s Clean Hydrogen Economy
DOE Office of Energy Efficiency and Renewable Energy sent this bulletin at 09/22/2022 05:50 PM EDT
https://content.govdelivery.com/accounts/USEERE/bulletins/32e7092
The U.S. Department of Energy today opened applications for the $7 billion program to create regional clean hydrogen hubs (H2Hubs) across the country, which will form a critical arm of America's future clean energy economy. As part of a larger $8 billion hydrogen hub program funded through President Biden’s Bipartisan Infrastructure Law, the H2Hubs will be a central driver in helping communities across the country benefit from clean energy investments, good-paying jobs, and improved energy security – all while supporting President Biden’s goal of a net-zero carbon economy by 2050.
“These H2Hubs are a once-in-a-generation opportunity to lay the foundation for the clean hydrogen future President Biden is building—one that will lift our economy, protect the planet, and improve our health,” said U.S. Secretary of Energy Jennifer M. Granholm. “With input from America’s brightest scientists, engineers, community organizers, and entrepreneurs, this national hydrogen strategy will help us accelerate the development and deployment of technologies to realize the full potential of clean hydrogen energy for generations to come.”
The H2Hubs will be one of the largest investments in DOE history. Funded by the President’s Bipartisan Infrastructure Law, managed by DOE’s Office of Clean Energy Demonstrations with support from the Office of Energy Efficiency and Renewable Energy, they are a critical component of the Administration’s commitment to invest in America’s workforce, jumpstart local economic growth, and create good-paying, union jobs as we build a clean energy economy, improve energy security, and tackle climate change. Addressing environmental justice and engaging local communities, particularly historically disadvantaged and underserved communities that have disproportionately borne the brunt of past energy practices, are fundamental priorities of DOE’s approach to developing H2Hubs.
For this initial funding opportunity launch, DOE is aiming to select six to ten hubs for a combined total of up to $7 billion in federal funding. Concept papers are due by November 7, 2022, and full applications are due by April 7, 2023. Additional funding opportunities may follow to accelerate and expand the network of clean hydrogen projects.
As part of the Department’s commitment to accelerating the national deployment of clean hydrogen fuel, DOE also released a draft of the National Clean Hydrogen Strategy and Roadmap for public feedback. The Roadmap provides a comprehensive overview of the potential for hydrogen production, transport, storage, and use in the United States and outlines how clean hydrogen can contribute to national decarbonization and economic development goals. A final version of the strategy and roadmap will be released in the coming months and updated at least every three years.
Seems to me 2 major headwinds preventing the stock for going anywhere but lower.
1)The market is in no mood to invest in an exteme speculative stock like FCEL. Not while quality names become more attractive.
2) FCEL continues to dump shares on unaware investors thru thei 95,000,000 share dilution. Remember when the unaware denied they were selling shares in the last quarter. Then when FCEL announced they sold 18,500,000 shares into the market, the unaware were once again proven wrong. They need the cash desperately. Otherwise, why the offering near the lows.
The stock once again is Oversold. While there's some anemic support at $3.50 +/- it'll only support another DEAD CAT BOUNCE.... maybe.
No matter what you may hear from the Bulls they've been wrong for 14 months. Don't forget their record. History of inaccuracies is a good measure of what to expect going forward.
A month ago when the stock was $5.50 I stated the stock had a greater chance of going to $2.00 then it did going to $8.00. the Bulls said it was on its way to $8.00 after breaking $7.00. IT NEVER GOT CLOSE!!
After it hit $4.00 we heard it would go to $5.00 this past Monday or Tuesday.IT NEVER DID! Before that September was to be a game changing month " tick tock". IT HASN'T BEEN! I could go on with May-June-July-and August and for all of the 13 months with how failed projections proved itself.
Hopefully by now, many longs have seen through these failed projections and now focus their attention on research and advise with historical accurate track records.
Watch out. More of these will be coming in Oct-Nov and Dec..... just like it did last year when the stock was $12.00
TOTAL B.S.
Parroting the "professional analysts" isn't research.
Anyone who followed the "professional analysts" missed the run to $20+ on this stock.
Nice catch.have to watch that # after open tomorrow.
"Volume seems like it will actually come in slightly lower than yesterday at end of day."
one would think that with one minute left before market close, any prediction made should be good...
but nope...still dead wrong...lmao
"And we are obviously off the days Lowe's"
down .21 and off the days low by a nickel.....did we dodge some kind of bullet or something?...because the stock price has been seriously shot full of holes...but one bullet missed?...woo hoo!...lol
i thought higher volume was supposed to be such a good thing?...yet pps is down 5.3%??......hmmm.....maybe, its NOT all about the volume!...
I see the price bounced off $3.67 at 1:18 and again at 2:23 and 2:24 then opened at $3.67 then moved up at 2:25. It's also interesting to note that 398,890 shares were traded in the minute following the first bounce at 1:18.
Volume seems like it will actually come in slightly lower than yesterday at end of day. And we are obviously off the days Lowe's hopefully Friday will be positive.
https://bit.ly/Fastech-CA-Lead
https://www.linkedin.com/posts/fuelcell-energy_council-post-heres-how-to-make-performance-activity-6978713201412554754-yuB3?utm_source=share&utm_medium=member_android
NASDAQ is almost at the low of the day at 2:35 p.m.. although the Dow and S&P are down fractionally and seems stable.
bloom Ballard and plug are all down 6.5 6.3 in 6.6% respectively. Fuel cell is down 5.85%. we are just under daily average volume but slightly higher than the past few days which were record lows for the past two years. In my opinion we could see a slingshot past $4 as I still believe confidently we have a floor at $3.25 and initial support around $3.42. unless we close below $3.42 I have no doubt about that. CNBC guest called for a bull case scenario of the S&P dropping 3% quickly from these levels then bouncing after testing the low.
But it never got close to $5.00 as predicted " with confdence"
The big drop today breaks through the support level of $4+/-.
The stock confirms its continuous downtrend with the next feeble support in the$3.50 area.
The base that was to be an uptrend by the permabull and debunked by me , has proven to be false as so many others.
All trends are solidly down, indicators are mostly negative and the stock appears to to directing to a NEW 52 WEEK LOW.
THE DROP ON RELATIVE INCREASED VOLUME NOW CONFIRMS THEIR IS NO BUYING SUPPORT.
Bad research always leads to bad results. The Bulls can run from the results, but they can't hide from them.
Although we have dipped temporarily slightly below yesterday's intraday low, we are still substantially higher than what I referenced as our most significant support level of $3.42. and obviously nowhere is near what I call our floor of $3.25. obviously those figures are barring something catastrophic and having no good news at all. Just don't foresee that happening before we have positive developments and bounces resulting in closing over $4 and testing that breakout of $5. Still relatively low volume at 1.9 million shares although increasing slightly over the recent historic low volume days. Could be consolidation before the breakout. In my opinion we will know within 5 business days at the very latest. Tick tock
Sometimes the same group doesn't know what 52 weeks means.
No surptise there. The same group disregard financials, know little about technicals, and darn if there record doenn't show it.
Results count. That group can't boast a sinfle correct call in 14 months.
You would think on 2 fairly significant reports in 2 days share price would pop pretty significantly.
Bloom 2 + PR's 2 days! Any good news for the industry is good news for all, of course it would be better if it was FCEL, and although we do have similar projects this type of project is clearly not our main focus we're looking at bigger projects. Doesn't change the fact that bloom lost $118 million last quarter. So it helps initially seeing the headline but when you look at the bottom line that determines where the stock goes.
https://www.google.com/url?rct=j&sa=t&url=https://www.bloomberg.com/news/articles/2022-09-21/california-produce-plant-to-ditch-grid-use-fuel-cells-and-solar&ct=ga&cd=CAEYBCoUMTAzMDM4Nzk1MTUzODI5OTk5NDYyGjNmNmMxMjhmMjMzNGE4Mjg6Y29tOmVuOlVT&usg=AOvVaw0bAvTKQYtOjN8t5ZSXPqmB
https://finance.yahoo.com/news/bloom-energy-collaborates-xel-produce-131901741.html
Fuelcells bottom line has already showed consistent improvement but will stand out like a sore thumb over the next couple quarters.
"3 months of numbers only back to June 2022 and ending Sept 21st 2022 .You need to show 52 weeks to be correct.."
LOL! It's only necessary to look back 8 days to 8 Sep 22 to prove your statement of a new 52 week low on 21 Sep 22 wrong. Or, anyone could have looked at the 52 week low on the Detailed Quotes page on this site.
re-post from etrade_trader on ST tick tock!
https://www.cnbc.com/2022/09/21/eu-approves-up-to-5point2-billion-in-public-funding-for-hydrogen-projects.html?__source=androidappshare
34.4k shares treated hands at 8:30 a.m. still significantly low volume, but up the highest percentage of the four fuel cell stocks at the moment. What say we get at least over 100,000 shares pre-market and hit a million shares before 9:45 a.m.. that would be progress. Staying over $3.83 intraday will reinforce my opinion from yesterday, but closing over $4 would be more important. One single undeniably positive update from the company would likely support both. Tick tock!
Your Sample Group is skewed as people on this message board or any other investing message board is going to be made up of people who have above average self discipline and organizational skills. People on these boards, no matter what their brain power or talent level have these qualities and are able to plan and/or prepare long term for the future. So the effects of a bad economy will be less severe on us than any other segment of society. WhenI do go to the gas station or the grocery store I hear people complain about the prices and making ends meet. Many of them make more money than I do, they just dont have the discipline to save.
RESULTS ARE WHAT MATTERS AND AND AN UNDERSTANDING OF FUNDAMENTALS AND TECHNICALS..
iNFERIOR RESULTS DEMONSTRATE FLAWED RESEARCH AND ZERO KNOWLEDGE OF FUNDAMENTALS AND TECHNICALS.
When asked to compare the two, those with flawed and inferior research and ZERO knowledge of fundamentals and techicals know better than to do so.
FCEL is a perfect example of my research and those who did some other kind has had the results shown by the whole market.
Let's ask the people. I am still spending discretionary money, went out to eat last night. Went to the movies. Is anyone significantly more worried or significantly more strained than usual? Anyone afraid of losing their job, any more so than usual? Let's see, how many on the boards are really feeling pain in this "economy".
Another puzzle, 8 years & up!
https://www.canadaisthesolution.com/environment/
https://www.google.com/url?sa=t&source=web&rct=j&url=https://investor.fce.com/press-releases/press-release-details/2022/Fuelcell-Energy-Project-Identified-for-Funding-From-Canadas-Clean-Resource-Innovation-Network-to-Design-Pilot-for-Clean-Carbon-Capture/default.aspx&ved=2ahUKEwi8mJiVlaj6AhXNKlkFHb73DfIQFnoECAoQAQ&usg=AOvVaw3fDaUwm_XMci3wNlWSXToJ
Was down to 26 positions, back to 44 with many in Canada! Light bulb
https://careers.fuelcellenergy.com/search/
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.fuelcellenergy.com/wp-content/uploads/2020/09/Research-Scientist-Calgary-09.01.2020-2020-63-ns.pdf&ved=2ahUKEwj8jfOck6j6AhWHMVkFHbq3C94QFnoECA8QAQ&usg=AOvVaw056-Qlye8Zw9c2ov12-hfh
Got PM, and sure, can''t PM as not paying member. Send pm with when & how
All efforts to portray superior market knowledge have been proven to be B.S.
FALSE CONCLUSION
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=fcel&insttype=&freq=&show=
NOV-MAR- MID-AUGUST LOWER HIGHS. Then from the one onth from Aufust, slightly lower lows.
Tghe very short ter does show some accumulation above the small base formed prior.
That dos not mke the chart anywhere near positive.Resistance at $4.50- $5.00 ; more at $7.00 and all the way up from there.
$5.00 didn't happen. Sept is flopping and not to remember.
Few sees nothing coming up that will thing. If the BULLS do they need to advise the company and FEW ... because the CC said nothing of the kind.
TICK-TOCK . Keeps on ticken but takes a licken..,
12 May 22 closed at $3.12 low of 2.87
loving tradingview.com - great features for free all in the browser.
3 months of numbers only back to June 2022 and ending Sept 21st 2022 .You need to show 52 weeks to be correct..
It has not made a 52 week low as I posted. My mistake.
Be patient. It just might if weakens any further.
The trend broke down at $28 and the downtrend as continues for 14 months.
All efforts to disagree have proven to be proven wrong.
"New 52 week low intraday." ***FALSE INFO***
09/21/22 3.94 4.0499 3.825 3.93 8,739,636
09/20/22 3.99 3.99 3.87 3.90 6,948,600
09/19/22 3.94 4.06 3.92 4.03 6,805,100
09/16/22 4.13 4.15 3.99 4.02 14,289,200
09/15/22 4.34 4.49 4.22 4.25 12,498,800
09/14/22 4.10 4.36 4.01 4.35 11,436,800
09/13/22 4.15 4.29 4.06 4.12 11,527,800
09/12/22 4.27 4.37 4.15 4.36 8,406,000
09/09/22 3.88 4.24 3.83 4.24 16,246,400
09/08/22 3.83 3.91 3.71 3.81 15,879,300
09/07/22 3.82 4.05 3.77 3.99 10,379,400
09/06/22 4.00 4.00 3.82 3.85 8,253,700
09/02/22 4.07 4.09 3.85 3.94 9,932,800
09/01/22 4.07 4.09 3.82 3.97 11,719,300
08/31/22 4.24 4.35 4.13 4.19 8,473,100
08/30/22 4.34 4.47 4.09 4.19 10,395,100
08/29/22 4.10 4.34 4.07 4.27 10,699,900
08/26/22 4.54 4.62 4.14 4.20 12,884,600
08/25/22 4.72 4.73 4.35 4.55 16,302,000
08/24/22 4.03 4.48 3.99 4.42 12,978,200
08/23/22 4.08 4.20 3.98 3.98 9,723,500
08/22/22 4.08 4.17 3.98 4.01 11,831,500
08/19/22 4.49 4.49 4.22 4.26 11,621,900
08/18/22 4.67 4.77 4.58 4.64 9,151,200
08/17/22 4.79 4.85 4.57 4.65 13,046,700
08/16/22 5.06 5.13 4.83 4.92 15,247,100
08/15/22 5.20 5.50 5.02 5.17 19,793,200
08/12/22 4.90 5.16 4.67 5.11 15,403,700
08/11/22 5.21 5.21 4.76 4.78 24,786,800
08/10/22 4.45 4.90 4.31 4.89 20,964,000
08/09/22 4.33 4.47 4.21 4.26 10,938,900
08/08/22 4.43 4.59 4.33 4.47 20,514,100
08/05/22 3.98 4.16 3.88 4.15 19,750,600
08/04/22 3.78 4.00 3.75 3.93 18,722,800
08/03/22 3.74 3.78 3.63 3.76 14,975,300
08/02/22 3.40 3.81 3.35 3.70 24,219,600
08/01/22 3.52 3.54 3.40 3.43 13,994,300
07/29/22 3.48 3.68 3.45 3.59 20,418,200
07/28/22 3.82 4.07 3.49 3.57 52,293,200
07/27/22 3.31 3.41 3.28 3.39 10,071,000
07/26/22 3.29 3.32 3.18 3.24 8,178,500
07/25/22 3.36 3.39 3.23 3.34 8,632,200
07/22/22 3.54 3.57 3.31 3.33 12,986,800
07/21/22 3.60 3.61 3.48 3.54 12,651,100
07/20/22 3.53 3.68 3.48 3.60 16,906,600
07/19/22 3.58 3.59 3.45 3.51 12,063,000
07/18/22 3.59 3.72 3.49 3.50 19,340,900
07/15/22 3.74 3.74 3.41 3.49 25,499,700
07/14/22 3.86 3.90 3.72 3.78 11,147,700
07/13/22 3.80 4.12 3.68 3.95 13,545,200
07/12/22 4.01 4.09 3.81 3.94 9,783,400
07/11/22 4.25 4.31 3.95 4.03 12,053,100
07/08/22 4.16 4.39 4.08 4.32 8,020,700
07/07/22 3.99 4.33 3.97 4.23 11,702,400
07/06/22 3.79 4.03 3.79 3.98 13,044,900
07/05/22 3.69 3.85 3.50 3.84 11,133,900
07/01/22 3.74 3.90 3.71 3.78 9,991,900
06/30/22 3.50 3.78 3.48 3.75 15,285,200
06/29/22 3.65 3.65 3.45 3.59 12,789,800
06/28/22 3.87 3.90 3.66 3.70 9,938,500
06/27/22 3.92 4.00 3.73 3.86 7,195,600
06/24/22 3.97 3.98 3.78 3.90 14,074,400
06/23/22 3.79 3.93 3.67 3.93 9,672,800
06/22/22 3.58 3.83 3.54 3.77 9,543,500
06/21/22 3.54 3.78 3.52 3.68 10,546,000
06/17/22 3.28 3.51 3.27 3.46 14,330,600
06/16/22 3.35 3.41 3.15 3.25 12,506,900
06/15/22 3.35 3.52 3.24 3.43 16,138,300
06/14/22 3.37 3.41 3.24 3.32 9,948,300
06/13/22 3.54 3.56 3.29 3.30 15,315,900
06/10/22 3.71 3.85 3.60 3.76 14,688,300
06/09/22 3.66 4.10 3.60 3.80 19,637,100
What the heck does this mean ? Please explain in plain English and dont try to sound like some Wall Street expert.
*FuelCell Energy Option Alert: Jan 20 $3.5 Calls Sweep (16) near the Ask: 1940 @ $0.98 vs 853 OI; Ref=$3.89
Benzinga
No surprise from Fed, as expected. 1 month, 3 month & 6 month charts all very positive. Market appears stable. Higher highs and higher lows forming. Support at $3.25 tested and held bouncing from $3.42 in August when it seemed retest might be in order. $3.83 intraday low today will confirm higher highs & higher lows. Once we close over $5, there's no looking back. Market stability & no bad news should insure support over $3.83 and 1 bit of good news should form support over $4. Tick tock!!
Is FCEL in Norway?
Carbon Neutral is center stage in Norway.
https://www.reuters.com/business/sustainable-business/norways-sovereign-wealth-fund-tells-companies-set-zero-emission-goals-2022-09-20/
I see references upon references to the fact that we cannot just transition to Green energy and green hydrogen over the next few years. We're going to continue to rely on fossil fuels and make them as green as possible for the foreseeable future. The H2 revolution is just getting started and there's already a tsunami in the works. There is absolutely no stopping it now. It's working through whatever macroeconomics we have regardless of a recession or not. And there's always a bull market somewhere.
https://www.linkedin.com/posts/fuelcell-energy_co2-fuelcellenergy-gasworld-activity-6978019395855880196-Dg6d?utm_source=share&utm_medium=member_android
https://www.linkedin.com/feed/update/urn:li:activity:6974027346462797824?utm_source=share&utm_medium=member_android
May regarding July Summit in CA reference $8B hydrogen hubs.
https://h2eg.com/h2-view-news-port-of-rotterdam-could-be-situated-to-provide-4-6-megatonnes-of-hydrogen-annually-by-2030/
Record low volume yesterday and the same exact amount of shares traded pre-market at 9:00 a.m. today. Just waiting for news then we get a massive pop.
why does this apply to FCEL?
Each communications tower will require a few kW of back up energy, not the MW of a SureSource system.
These are ideal for PLUG (has already over 5,000 genSure with Southern Company , CSX, Verizon and others) and Bloom. Check the blog on how PLUG kept the communications going through hurricanes Sally and Zeta.
https://www.plugpower.com/hurricane-zeta-issues-a-strike-2-in-the-southeast-fuel-cells-again-called-into-service/
https://www.plugpower.com/resiliency-sustainability-the-one-two-punch-for-fuel-cells-and-hydrogen-in-stationary-power/
I ran into this on another fuelcell stock board - it applies to FCEL too.
I wonder how many diesel generators will be replaced in 3 years?
BOS radio network
Germany's nationwide BOS network is the largest TETRA network in the world.
There are more than 950,000 registered subscribers in the BOS network.
Facts and figures
The network covers 99.2 % of the German territory
It handles around 47,000,000 group calls / month
The average network availability is 99.97 %
There are 4,790 base stations in operation.
https://www.securelandcommunications.com/customerstories/bos-digital-radio-network-in-germany
Official Event App Sponsor@FuelCell_Energy's platforms can provide significant savings by producing electricity while recycling #CO2. Check out their Carbon Savings Calculator: https://t.co/NXBqxxeJWf
— gasworld (@gasworld) September 20, 2022
Attending #gasworld’s #GWCO2CHICAGO? Be sure to catch up with the team! pic.twitter.com/PtVx4fX5Rw
Big change for big rigs: California unveils mandate to phase out diesel trucks
BY NADIA LOPEZ
SEPTEMBER 16, 2022
https://calmatters.org/environment/2022/09/california-phase-out-diesel-trucks-zero-emission/
Shipments of cargo leave the Port of Oakland on July 25, 2022. Photo by Martin do Nascimento, CalMatters
IN SUMMARY
In another worldwide first, California would require new trucks to be zero-emissions in 2040. Large companies would gradually convert fleets. Truckers worry about the costs and practicality of electric trucks.
New big rigs and other trucks will have to be zero-emissions in 2040 — ending their decades-long reliance on high-polluting diesel — under a proposed regulation unveiled by the California Air Resources Board.
Under the proposal, manufacturers couldn’t sell new medium-duty and heavy-duty trucks fueled by diesel or gasoline that operate in California, instead turning to electric models. In addition, large trucking companies would have to gradually convert their existing fleets to zero-emission vehicles, buying more over time until all are zero emissions by 2042.
In another worldwide first, California aims to amp up its efforts to end the use of fossil fuels by setting requirements for clean-burning big rigs, garbage trucks, delivery trucks and other large trucks. Transportation is California’s largest contributor to climate-warming greenhouse gases as well as smog and other air pollutants.
Chris Shimoda, a senior vice president at the California Trucking Association, which represents truck drivers, said zero-emission truck technology has great possibilities, but truckers worry about “the practical unknowns,” such as the high cost of the trucks, a lack of charging stations and the limited range of the vehicles.
“We’re flying blind into some pretty major questions about the practicality of actually implementing this rule,” Shimoda said.
The air board did not include cost estimates for trucking companies and truck drivers in its proposal, only saying that their upfront costs would be high but they’d save money over time.
About 1.8 million heavy-duty trucks on California’s roads would be affected by the regulation, according to the report.
The proposed rule could put about 510,000 carbon- free medium and heavy-duty vehicles on California’s roads in 2035, increasing to 1.2 million in 2045 and nearly 1.6 million in 2050, according to the air board. Currently there are only 1,943 zero emission medium and heavy duty vehicles on the state’s roads, and nearly all of them are buses.
The new truck mandate is “really a critical piece of the state’s climate and clean air objectives,” said Patricio Portillo, a clean transportation advocate at the Natural Resources Defense Council. “A common sight on California’s highways are trucks clogging lanes, blowing thick smoke into the sky while overheated trucks rest at the side. It’s so normal that we stop thinking about it, but that exhaust permeating the air harms our lungs and bodies.”
The air board will hold a public hearing on the proposal on Oct. 27, after a 45-day public comment period. It comes just a few weeks after the air board passed another far-reaching mandate that bans sales of gas-powered cars by 2035.
California has been ratcheting down emissions from diesel-powered trucks and buses for decades in an effort to combat the state’s severe air pollution. The new proposal builds on a clean trucks regulation passed in 2020, which gradually increases the number of zero-emission trucks that manufacturers must sell, starting in 2024.
The provisions requiring turnover of existing fleets would apply only to federal agencies and so-called “high-priority fleets,” which are owned or operated by companies with 50 or more trucks or $50 million or more in annual revenue. Included are trucks weighing 10,001 pounds or more and package delivery vehicles of 8,500 lbs or more, including U.S. Postal Service, FedEx, UPS and Amazon fleets.
These large companies and federal agencies would have a choice on how to comply: They could purchase only zero-emission vehicles beginning in 2024 while retiring diesel trucks at the end of their useful life. Or they could phase-in zero-emission trucks as a percentage of their total fleet, starting with 10% of delivery trucks and other types that are the easiest to electrify in 2025, then ramping up to 100% between 2035 and 2042.
The requirements for converting fleets would not apply to smaller companies, unless they were using a larger company’s trucks. They could keep their trucks as long as they want under the proposal, although their new purchases would have to be zero-emission by 2040, according to Tony Brasil, chief of the air board’s transportation and technology branch.
“We also believe that some of the market dynamics will probably encourage fleets to replace their trucks earlier,” Brasil said. “As new zero emission trucks become available, the cost of operation is considerably lower.”
Working toward the 2040 ban on new diesel and gas trucks, the proposal has other deadlines for phasing in new sales, varying based on the type of truck.
Drayage trucks — used largely to transport cargo from ports and railways — would have the strictest timeline. New models would be zero-emission in 2024, while diesel and gas drayage trucks must retire after 18 years to guarantee that they meet a zero-emission requirement by 2035.
In addition, half of all new trucks purchased by state and local governments would be zero-emission in 2024, increasing to 100% by 2027. Some exemptions are allowed, if there is a lack of available models. Counties with small populations, including Inyo, Butte, Mendocino and Tuolumne, would be exempt until 2027.
The new rule banning sale of diesel vehicles would not apply to emergency vehicles, such as ambulances.
Some manufacturers have already announced plans to ramp up sales of electric truck fleets. Tesla plans to roll out electric semi trucks with 500 miles of range later this year, while Volvo Trucks and Nikola Inc. have launched electric big-rigs and other models with ranges of up to 350 miles. Volvo Trucks this year set a global goal that half of its truck sales would be electric by 2030.
“We are determined to lead the transformation of the transport industry,” Roger Alm, president of Volvo Trucks, said in a statement. “The interest among customers is high and it’s quickly becoming a competitive advantage for transporters to be able to offer electric, sustainable transports.”
But challenges with the transition remain.
Many electric heavy-duty trucks currently on the market still lack the range needed to transport cargo statewide and across state lines. Some vehicles like drayage trucks are better suited for electrification because those vehicles may not need as long of a vehicle range, said Shimoda of the California Trucking Association. But for long-haulers, the mandate could pose serious problems, he said.
Long-haul diesel trucks can operate up to 1,000 miles before needing to refill the tank, which takes 10 to 15 minutes to fill up. But electric models have to be charged often because they have “significantly shorter range” and they take hours to charge.
“The charging infrastructure that is necessary to support these trucks is basically non-existent today. Even the fastest available chargers right now are going to take three to four hours to charge up to a full state,” said Shimoda, who represents California truckers.
Todd Spencer, president and CEO of the Owner-Operator Independent Drivers Association, said charging times of more than two hours could “cause total disruption” of the industry.
“Neither the technology nor the interstate infrastructure will be available in the foreseeable future to support a zero-emission requirement for long-haul interstate trucks,” he said.
Some new technology, however, has already surfaced that dramatically cuts the charging time. The newest model of the Volvo eVNR tractor-trailer can recharge to 80% in just 90 minutes.
The mandate also would increase demand on the state’s already-fragile electric grid.
“These charging stations are going to be a huge, huge power draw,” Shimoda said. “To put into context, the Levi’s Stadium in Santa Clara on a game day uses around 300 to 350 kilowatts of power. A charging station needed for a big rig is going to be like 30 times larger.”
Stanley Young, an Air Resources Board spokesperson, said many concerns over the charging infrastructure are already being addressed under the buildout of the grid outlined in the state’s proposed scoping plan, its climate change blueprint.
Though new model prices are high, electric trucks would need much lower maintenance costs over time compared to fossil-fueled engines and would save money to recharge with electricity than diesel.
Shane Levy of Proterra, an electric vehicle technology company, said the company has rapidly scaled up its battery technology in recent years. It is currently working with more than a dozen manufacturers to electrify medium- and heavy-duty trucks and has delivered battery systems for more than a thousand commercial vehicles.
He said the new rule could accelerate the market.
“Commercial vehicles are ripe for electrification – benefiting not only how we move people around cities and towns, but also how we provide goods and services to the communities we live in,” he added.
Some state and federal subsidy programs could also help provide relief to companies and truck drivers.
Although the board provided no cost data, staff said the long-term economic net benefits are expected to save companies about $22 billion over the life of the regulation and will save more than 5,000 California lives between 2024 and 2050, according to air board staff’s estimates.
Environmental groups say the deadlines should be accelerated by four years, from 2040 to 2036 for all sales of new zero-emission trucks.
Portillo, of the Natural Resources Defense Council, said speeding up the transition would have health benefits for low-income, disadvantaged communities that live near highways, railyards and ports, where trucks spew toxic diesel exhaust and smog-forming pollutants.
Diesel exhaust is one of the most harmful pollutants that threaten Californians’ health, containing more than 40 carcinogens as well as particles that contribute to cardiovascular and respiratory disease.
NASDAQ' -150
DoW -450
BE down 4.8%
BLDP - 5.6%
PLUG - 5.8%
FCEL -3.3% on only 3.9M shares at 1.48pm
Guess we can't really complain in this market and everyone knows for a fact that has nothing to do with the company any good news we come roaring back
FuelCell Energy, Inc. (NASDAQ: FCEL) is an integrated fuel cell company that designs, manufactures, installs, operates and services stationary fuel cell power plants.
As a leading global fuel cell company, we provide ultra-clean, efficient and reliable baseload distributed generation for electric utilities, commercial and industrial companies, universities, municipalities, government entities and other customers around the world.
Direct FuelCell® (DFC®) power plants manufactured by FuelCell Energy can utilize a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas, directed biogas and propane.
Our DFC power plants produce power electrochemically — without burning fuels — making them clean, quiet and environmentally responsible alternatives to combustion-based generation.
Our power plants have generated more than 1.5 billion kilowatt hours of ultra-clean electricity, equivalent to powering more than 135,000 average-size U.S. homes for one year.
FuelCell Energy’s world headquarters are located in Danbury, Connecticut, in the USA. Our global markets are served from a state-of-the-art production facility in nearby Torrington, Connecticut.
Our customers in Europe are served by German-based FuelCell Energy Solutions, GmbH, a majority owned joint venture with sales and service located in Dresden, Germany and manufacturing in Ottobrunn, Germany, which is near Munich.
Customers in Asia are served by our partner POSCO Energy from manufacturing facilities located in Pohang, South Korea.
FuelCell Energy offers a comprehensive portfolio of services for fuel cell power plants. Specially trained technicians and engineers remotely operate and maintain virtually our entire installed base of Direct FuelCell power plants globally, 24 hours per day, 365 days per year from the state-of-the-art Global Technical Assistance Center located at our Danbury, Connecticut headquarters. Field service technicians directly employed by FuelCell Energy service the power plants on-site.
FuelCell Energy scientists are actively researching unique applications for our versatile DFC technology including hydrogen generation and carbon capture. In addition, we are pursuing research with solid oxide fuel cells as well ashydrogen compression and storage.
FuelCell Energy’s international reputation for leadership in ultra-clean energy solutions has been built on a long history of innovative research and development that reflects the successes of our highly talented and creative workforce. We are the first fuel cell manufacturer to commercialize megawatt-class stationary fuel cell power plants and we believe that we are the first stationary fuel cell manufacturer to generate a quarterly gross profit.
FuelCell Energy traces its roots back to 1969 and the founding of Energy Research Corporation (ERC) by early fuel cell pioneers Bernard Baker and Martin Klein, both chemical engineers with expertise in advanced battery technologies.
In the 1970′s, with funding from the U.S. military and utility companies, the Company conducted extensive research into low-temperature fuel cells as well as silver-zinc battery cells. In the 1980′s and 1990′s the Company switched its focus to high-temperature carbonate fuel cell systems which offered greater commercial applications due to the ability to internally reform readily available fuels such as natural gas and renewable biogas within the fuel cell itself to provide the hydrogen for the power generation process.
Our first commercial power plant was installed in 2003 using a 250 kilowatt (kW) fuel cell stack. Through technology enhancements and cost reductions, we have increased the power output of the stacks by 40 percent to 350 kW and reduced product costs by more than 60 percent. Today we are installing multi-megawatt fuel cell plants and fuel cell parks globally.
The production facility in Torrington, Connecticut, USA was completed in 2001 and produced [2] megawatts (MW) of product the first year. As of the end of fiscal year 2012, the plant was producing at an annual run-rate of 56 MW. The total annual capacity of the facility is 90 MW.
FuelCell Energy began expanding globally in 2007 through its partnership with POSCO Energy , targeting markets in Southeast Asia, particularly South Korea. A European manufacturing, sales and service presence was established in 2012, with German-based FuelCell Energy Solutions, GmbH.
1969 | Company founded as Energy Research Corporation (ERC) |
1992 | 120 kilowatt fuel cell stack demonstrated |
1992 | Initial Public Offering (IPO) |
1996 | 2 megawatt demonstration plant installed in Santa Clara, California |
1999 | Company focuses on carbonate fuel cells, is renamed FuelCell Energy, Inc. & spins off battery division, Evercel |
2003 | First commercial installation of a Direct FuelCell® power plant |
2003 | Annual production of approximately 3 megawatts |
2007 | POSCO Energy partnership begins – global expansion commences |
2007 | Annual production of approximately 11 megawatts |
2009 | Production of 350 kilowatt stack commences |
2011 | Power output milestone reached with one billion kWh of ultra clean electricity produced since 2003 |
2011 | 11 megawatt fuel cell park commences operations in South Korea |
2011 | Annual production of approximately 46 megawatts |
2012 | European presence established with FuelCell Energy Solutions, GmbH |
2012 | Asian manufacturing strategy implemented through license agreement with POSCO Energy |
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