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Warren Buffett's Berkshire buys Dominion Energy natural gas assets in $10 billion deal
PUBLISHED SUN, JUL 5 2020 3:00 PM EDT
UPDATED SUN, JUL 5 2020 5:31 PM EDT
And We, FuelCell Energy did a deal with Dominion Energy in 2019...
FuelCell Energy Closes on the Acquisition of the 14.9 Megawatt Bridgeport Fuel Cell Park from Dominion Energy
May 13, 2019 08:30 ET | Source: FuelCell Energy, Inc
MMs aren't posting the Buys to the total pre-market volume. I've bought over 7,000 shares and they didn't add any to the previous vol total being shown. It was 9954 before I bought and it still is.
P82 Looking good stepping out of that loading ramp. SALUTE FuelCell in the sky. P82 Are you here too?
Briar
DRAX - I found this snippet about DRAX
(Snippet is: Timelines are also sliding forward. The Drax plan was announced in November 2019 with a view to “explore the potential” of a large hydrogen demonstrator by the mid-2020s.
We are nearing the middle of 2020, should have a bit of news on this shortly.
hidden in this article (Link to this page will be below this headline:
"Orsted Backs First Major Green Hydrogen Project Focused on Transport Sector
The Copenhagen project would use offshore wind to produce green hydrogen and other decarbonized fuels for land, air and sea transport.
JOHN PARNELL MAY 26, 2020"
Link is: https://www.greentechmedia.com/articles/read/orsted-to-power-decarbonization-hub-for-land-sea-and-air-transport
Just-Updated
FCEL Analyst Report from Zacks. FuelCell's. Bottom line is projected to rise 70.8% year over year.
Great news. Go FCEL
NEWS ABB to Produce Power Plant for Marine Vessels
Today 8:27 AM ET (Dow Jones)Print
By Giulia Petroni
ABB Ltd. said Wednesday that it signed a memorandum of understanding with Hydrogene de France to manufacture a fuel-cell power plant for marine vessels.
The system will be jointly developed by ABB and Ballard Power Systems Inc. It will be manufactured at HDF's facility in Bordeaux, France, the Swiss engineering company said.
"Fuel cells turn the chemical energy from hydrogen into electricity through an electrochemical reaction," according to ABB. "With the use of renewables to produce the hydrogen, the entire energy chain can be clean."
The company didn't release any financial details in regards to the project.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
Great NEWS there Hog. Thanks for posting. This will bode well for FCEL.
fey2 stock By Google should bring it right up too, if I'm not mistaken.
OT Hey Hoghead7 sent an intro to you on FB Messenger.
Good info. That last bullet at the bottom of your linked article may be precisely where FuelCell Energy is associated. It's from our partner Exelon.
$2.24 hit in Germany. We have some room left to go up today.
Go FCEL
NEWS TODAY - Good find Hoghead7
DANBURY, Conn., Feb. 13, 2020 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), the global leader in molten carbonate fuel cell technology with its purpose being to utilize its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy, announced today that the Company closed on a tax equity sale-leaseback financing transaction for the 2.8 MW Tulare BioMAT Project in Tulare, California with Crestmark Equipment Finance (“Crestmark”), a division of Metabank®. Crestmark’s commitment totals $14.4 million through a ten-year sale-leaseback structure and further demonstrates the market’s interest in FuelCell Energy and our sustainable energy platforms.
“We are thrilled to team up with Crestmark to add this important financing solution to our commercial deployment platform,” said Michael Bishop, Executive Vice President and Chief Financial Officer of FuelCell Energy. “Financing from Crestmark broadens FuelCell Energy’s financing relationships. Crestmark has a deep understanding of the quality solutions delivered by our products, including carbon neutral projects directly leveraging on-site biofuels. This efficient sale-leaseback financing structure enables FuelCell Energy to retain the Tulare BioMAT project in our generation portfolio, enhancing the Company’s recurring cash flows and margin.”
Adding this operating asset to the Company’s generation portfolio is expected to yield recurring revenue in excess of $2.5 million per year and increases the Company’s operating assets to 28.9 MW. The Company has another 44.3 MW in backlog, in various stages of development and construction with commercial operation dates ranging from 2020 through 2022.
“Crestmark is excited to add FuelCell Energy to our growing list of clean tech and alternative energy clients,” said Jon Ellis, Renewable Energy Vice President of Crestmark. “Crestmark is committed to all forms of alternative energy, dedicating resources to build expertise and deliver customized financial solutions to the energy industry. As a leader in megawatt scale class deployments of clean, efficient baseload power plants, FuelCell Energy is an important alliance for us, and we look forward to developing this relationship further.”
Prior to FuelCell Energy’s SureSource™ Combined Heat and Power (CHP) Power Plant being installed, the Tulare wastewater treatment plant’s methane rich biogas was flared (Video Link), which wasted energy and produced greenhouse gases. The fuel cell is now using that biogas to produce clean, renewable, carbon neutral power. The City of Tulare benefits by monetizing the sale of biogas to the project, improving air quality, and significantly lowering its emissions profile. The fuel cell uses a chemical reaction versus a combustion approach to generate energy, significantly reducing the NOx, SOx, particulate matter, and carbon emissions profile in the San Joaquin Valley. The electricity generated by the Tulare BioMAT Project is sold to Southern California Edison through the BioMAT tariff under a twenty-year power purchase agreement. The fuel cell power plant is expected to generate enough energy to meet the consumption of up to 3,000 California homes.
“The Tulare BioMAT project, which began operation in December 2019, is a milestone project for FuelCell Energy, demonstrating our strength as a leader in deploying fuel cell power generation plants that run directly on renewable biogas,” said Jason Few, President and Chief Executive Officer, FuelCell Energy. ”FuelCell Energy is committed to helping the world transition to a low carbon economy by offering innovative energy platform solutions such as this one. This is our seventh active energy platform leveraging biofuels; and we are in the process of initiating our eighth biofuels project at the San Bernardino Municipal Water Department (SBMWD) in San Bernardino California. FuelCell Energy will continue to focus on winning opportunities leveraging biofuels and is competitively advantaged by our proprietary gas clean-up skid and highly efficient, multi-featured carbonate fuel cell technology,” Few added.
The net proceeds to the Company from the financing, after deducting an initial down payment on the lease, taxes and transaction costs, totaled approximately $10.5 million. Under the terms of the Company’s senior secured credit facility with Orion Energy Partners Investment Agent, LLC and its affiliated lenders (“Orion”), the net proceeds of $10.5 million were deposited into a restricted cash account for future distribution at the discretion of Orion for use to construct another project, for working capital support or for repayment of principal under the Orion facility. Initial distributions will include $1 million to a module reserve account for the benefit of Orion under the terms of the credit agreement. In addition, approximately $3.0 million of proceeds will be released to fund interest due under the Orion credit facility as well as certain reserves, interest and accrued and unpaid dividends for on the Series B Preferred Stock issued by the Company and the Series 1 Class A Preferred Stock Shares issued by FCE FuelCell Energy Ltd. and guaranteed by the Company.
OT Hog, are you Cam on STs?
Hog - Feel free to use/post anywhere, it is public information. And thanks for spreading the word.
More exposure for FuelCell Energy.
Briar
FuelCell Energy partnered with Clearway Energy -
Clearway Energy filed a new Form SC 13G/A today showing that VANGUARD GROUP has acquired more shares of Clearway. They now own over 10% position in them. Vanguard's filing link is:
http://investor.clearwayenergy.com/sec-filings/sec-filing/sc-13ga/0001104659-20-017282
These companies are interconnected. Vanguard also has a good amount of FCEL shares.
It's going to all come together folks.
Briar
FuelCell Energy partnered with Exelon. Exelon has started up business working under their umbrella as Breakerbox, LLC.
Here's a snippet from Breakerbox, LLC
Breakerbox is a wholly-owned subsidiary of Exelon Generation which in turn is part of Exelon Corp. ("Exelon"). Exelon is the leading U.S. competitive energy provider, with one of the cleanest and lowest-cost power generation fleets and largest retail customer bases in the country. The Exelon family of companies participates in every stage of the energy business, from generation to power sales to transmission to delivery. Headquartered in Chicago, the company does business in 48 states, the District of Columbia and Canada.
Link is: https://breakerbox.com/faq/who-owns-breakerbox
This partnership has monstrous potential for FuelCell Energy.
Briar
VANGUARD MUTUAL FUNDS GROUP - (Link provided below to document this post.)
There are SIX separate funds at Vanguard that have FuelCell Energy in their portfolios.
This is from Morning Star data's most recent report.
Since the previous report when they had 6.150.038 shares of FuelCell Energy they increased their overall share count to 9,399.965 an overall increase of approximately 52.8% - now that's a vote of confidence, in my opinion.
Link is: http://investors.morningstar.com/ownership/shareholders-major.html?t=fcel®ion=usa&culture=en-US&ownerCountry=USA
FUEL CELL EXPO 2020 To be in Japan this year February 26 to 28th.
FuelCell Energy is on the list for North American companies to be presenting.
Link is: https://www.fcexpo.jp/en-gb/exhibit.html
Go FCEL
Hoghead7 - Sweet find, and they specifically recognized FuelCell Energy in it. Thx
Briar
Open the flood gates. At 4:00 a.m. EST Bid/Ask is 1.88 - 1.90
Giddy-Up
Hog a poet, who would've thunk'it! Go Hog that FCEL.
NRG Energy changed its name to Clearway Energy. It has been acquired by Global Infrastructure Partners (GIP), a private company. They have also been dealing with FuelCell Energy Finance.
Get ready for the ride of your life in the future with FCEL
FuelCell Energy relationship is below, announced
FuelCell Energy and Clearway Energy have a co-marketing agreement for Clearway to market fuel cell power plants to its customer base. Clearway extends a multi-year $40 million revolving construction and term financing facility to FuelCell Finance, a wholly-owned subsidiary of FuelCell Energy.
Clearway website: http://investor.clearwayenergy.com/investor-overview?c=251846&p=irol-irhome
Clearway Energy was clearly shown in the recent September "Update" as being one of our Global Partners.
We have a $40 million revolving credit line with Clearway Energy. T
This is locked and cocked and ready for action.
Go FCEL
Doubters should seek to waste your time and energy elsewhere.
Go to StockTwits . Com and put in FCEL To ker
Maybe Fidelity has shorted this. Now that would be a Hoot.
F Fidelity
January 21, 2020
Opportunity for Hydrogen in Open DOE Advanced Nuclear Technology Solicitation—Due February 28
The U.S. Department of Energy's (DOE's) Nuclear Energy (NE) Office is accepting applications for its U.S. Industry Opportunities for Advanced Nuclear Technology Development solicitation. This funding opportunity will support first-of-its-kind nuclear demonstration readiness projects, advanced reactor development projects, and regulatory assistance.
This solicitation aligns with the H2@Scale initiative led by the DOE's Office of Energy Efficiency and Renewable Energy's (EERE's) Fuel Cell Technologies Office (FCTO). Under the H2@Scale effort, DOE's NE and EERE's FCTO are collaborating to identify synergies that accelerate nuclear and hydrogen technologies deployment. As one example, hydrogen and nuclear energy can be coupled by utilizing heat and electricity from advanced nuclear reactors to produce hydrogen and use it as a fuel or industrial commodity, in energy storage, or for other industrial purposes. Additional hydrogen opportunities also exist to optimize nuclear production when generation exceeds load on the grid.
Another "False Prophet" Newborn Ignored
FuelCell Energy (NASDAQ:FCEL) has been one of the market’s best stocks in the past seven months, gaining over 1,500% from late June lows. And the third of Friday’s big stock charts suggests the rally could have another leg:
Technically, FCEL stock has established a classic flag formation, with the parabolic gain the “flagpole” and the sideways trading since the flag. Those patterns are continuation patterns, which often lead to another bounce higher after the stock consolidates. A recent “golden cross,” in which the 50-day moving average moves above the 200-day, adds to the bullishness shown on the chart.
click to enlarge
Click to Enlarge
Source: Provided by Finviz
That said, taking the broader view, the risks become apparent simply from the chart. Amazingly, FCEL stock is down 65.5% over the past year even after the enormous rally of late. It has declined 98.6% in the last five years. FuelCell Energy has delivered optimism before, but it’s always disappointed.
And so FuelCell’s fourth quarter report, also on Wednesday, looks exceedingly important. FCEL stock is trying to follow the path of fellow (if different) fuel cell play Plug Power (NASDAQ:PLUG), which has re-inspired investor confidence over the last year. A new agreement with Exxon Mobil (NYSE:XOM) and a game-changing loan agreement seem to have de-risked the story. If FuelCell Energy can deliver a positive quarter and a strong outlook next week, the rally can and should continue.
As of this writing, Vince Martin has no positions in any securities mentioned.
Green as Owl poop. Might make some Hydrogen with it. I'll stick with a winner on this one.
Who's yo Daddy, FuelCell?
"linkerboy" You have got that right. You will soon be able to give up your part-time lamp-lighting job.
Onward and upward. Loved the Golden Cross yesterday. Already on the climb today. It will be interesting to see where we are in one year.
Go FCEL FuelCell Energy
Regards,
Briar
Follow-on info about the connection of FuelCell Energy and Clearway Energy.
This is the connection to one of the world's biggest, if not the biggest holder and financer of energy.
GIP is Global Infrastructure Partners.
Coupled with and thru CEG, CEG is Clearway Energy, formerly NRG where FuelCell Energy's new CEO/President was previously.
GIP/CEG will recycle capital by dropping down contracted assets to the yieldco, Clearway Energy Inc. Doing so, it’s agreed to forgo any incentive distribution rights and has set up an Independent Conflicts Committee to review terms of all drop downs.
That clearly aligns GIP/CEG’s interests with those of the yieldco’s ordinary shareholders. And it ensures maximum leverage to management’s expertise in power, which will drive the growth of the yieldco’s ROFO (right of first offer) pipeline of drop downs. These now include energy storage: This spring, the yieldco bought a 2.8 MW fuel cell project from FuelCell Energy (FCEL) that sells output under a multi-year power sales agreement.
The key to success for the former NRG Yield now Clearway Energy Inc will be performance at the existing portfolio and maintaining a low enough cost of capital to fund a profitable stream of drop downs. The bump in share price since spring and a generally low cost of debt capital augurs well for future success.
Regards dividend growth, I expect GIP/CEG to do more self-funding and therefore to roll back to a more sustainable 8 to 10 percent rate, from the recent 15 percent, but that’s still a compelling value proposition for a stock yielding upwards of 6.5 percent. Buy Clearway Energy up to $20.
Follow me on Twitter.
Roger Conrad
Jason Few has connection with Reliant Energy, which is owned by Clearway Energy (Formerly NRG). He was the President of Reliant Energy, a retail electricity provider, where he also served as Senior Vice President.
We have Clearway Energy as one of our strategic partners. These two companies have a presence in all 50 states.
Can you say HUGE boys and girls?
Go BIG FUELCELL ENERGY
A perfect example can be seen when Ballard Power BLDP had their Golden Cross back in first part of 2019 January and February time frame. Check out Stockcharts.com for what may very well be us this year.
Not directed to you NSX but to others not familiar with the Golden Cross.
GOLDEN CROSS...Has happened today. Blue skies ahead with a bunch of GREEN.
GO FuelCell Energy
Microgrids Could Spark a $2.8 Billion Investment Opportunity
8:50 am ET January 14, 2020 (PR Newswire) Print
Nearly a million customers across California lost power in October 2019, as PG&E deliberately shut off power. All as PG&E tried to battle high winds, and wildfire conditions. Unfortunately, the costs of deliberate blackouts set the California economy back by as much as $1 billion, according to The Sacramento Bee. Others, like Michael Wara of the Stanford Woods Institute for the Environment said the economic cost of the shutdown could have reached $2.5 billion, as noted by CNBC. That's why many people are calling for solutions, such as microgrids, or a smaller version of an electrical grid powered by local energy. "A microgrid can be powered by distributed generators, batteries, and/or renewable resources like solar panels. Depending on how it's fueled and how its requirements are managed, a microgrid might run indefinitely," according to the U.S. Department of Energy. Plus, according to GTM Research, the annual microgrid market could double over the next two years from $1.4 billion in 2017 to $2.8 billion by 2022.
Jan 13th, 2020 GOLDEN CROSS is More IMMINENT - It will cross this week for sure. 200 day average is at .98 and 50 day is at .95
Go ahead and laugh. This is a turning point for our future. Maybe this is part of the plan in delaying of the upcoming earnings report.
Go FuelCell
Fdc4 - If you don't mind me asking, what made that so funny for you?