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I would direct your attention to the updated "Clean Trucks Program" starting on page 32.
The updated plan is good news for CLNE/WPRT IMO
http://www.cleanairactionplan.org/documents/final-2017-clean-air-action-plan-update.pdf
I would direct your attention to the updated "Clean Trucks Program" starting on page 32.
The updated plan is good news for CLNE/WPRT IMO
http://www.cleanairactionplan.org/documents/final-2017-clean-air-action-plan-update.pdf
I stand corrected!
Doesn't change the basic facts but here is a repost for the sake of accuracy.
ExxonMobil is one of the world's largest publicly traded international oil and gas companies.
When you visit their corporate website, you will find the first two stories are all about FCEL.
http://corporate.exxonmobil.com/
https://energyfactor.exxonmobil.com/science-technology/carboncapture/
https://energyfactor.exxonmobil.com/science-technology/fce-box-carbon-capture/
ExxonMobil is the world's largest publicly traded international oil and gas company. Learn more at ExxonMobil. com.
http://corporate.exxonmobil.com/
That is correct, Power Purchase Agreement with a Ct Utility and the US Navy as the customer.
Long term supply agreement.
Thanks, good to know and I agree, this is a great board. Many significant contributions from primary posters. Only one exception comes to mind.
Another "science experiment" to consider.
The two links go together.
http://investor.fce.com/press-releases/press-release-details/2017/FuelCell-Energy--Announces-Fuel-Cell-Project-with-NRG-Energy-Center-Pittsburgh/default.aspx
https://www.netl.doe.gov/File%20Library/Events/2017/sofc%20proceedings/monday/Jolly.pdf
Backlog example,
FCEL wins a PPA award from PSEG Long Island for 40 MW of cell installations. Since the project carries a 20 year timeline the company claims the projected revenue for the full 20 years as backlog. They indicate the project added $800m to the backlog and that is probably true, but what they are really saying is that PPA's will generate around $1m/yr in revenue per MW.
It's not a matter of clearing the backlog via more efficient production.
Backlog also includes future service and maintenance revenues.
I'm going to stop following this board. The endless supply of worthless links is annoying.
August 2017 presentation of the DOE funded/XOM supported CCS project.
I don't see anything but good news here, especially when compared to conventional Amine capture.
https://www.netl.doe.gov/File%20Library/Events/2017/co2%20capture/2-Tuesday/H-Ghezel-Ayagh-FCE-Novel-Electrochemical-Membrane.pdf
Repost,
I'm thinking this link should be a sticky note.
https://canaccordgenuity.digitalagent.ca/documents/21419/23566/FCEL+Report+September+2017.pdf/01b733ae-db83-4a17-965e-23ce41669b02?hootPostID=037777b79b4431f12659792f1b09b39f
Exxon is ALL about GREEN and fuel cells produce electricity, heat, hydrogen, and carbon credits. All are significant revenue streams that will far exceed the cost of installation. If they can save the planet in the mean time, every one wins!!
You're a piece of work DJ!
Nice drill down to find that one!
Every megawatt matters. Thanks
Near-term Catalysts
• Market development activity of >200 MW with South Korean utilities
• Connecticut: >100 MW of fuel cell parks under development with multiple contractual paths (i.e. utility ownership, utility PPAs, State level procurement process, all via PA 17-144)
• Near term On-site opportunities of 10 to 20 MW
• Follow-on fuel cell carbon capture projects
• Distributed hydrogen projects for transportation
http://s21.q4cdn.com/256256048/files/doc_presentations/2017/09/Company-update-September-2017.pdf
"This technology could easily change the preferred method of hydrogen production. Because it is fully scalable it can be sized to provide the exact amount of hydrogen needed at a given site, eliminating the need for hydrogen transportation. Transportation costs can easily double or triple the cost of hydrogen at many sites and greatly increase CO2 emissions due to emissions from trucks or other transportation means. A single DFC® stack of the size currently used for power generation can produce over 1,500 kg per day of hydrogen when operated in this mode. FuelCell Energy’s standard large fuel-cell system incorporates 8 of these fuel-cell stacks which would thus have the potential to produce over 12,000 kg per day of hydrogen. Thus large industrial scale hydrogen can be generated with this system.
On the other end of the scale, the system will maintain efficiency even as it is scaled down. FuelCell Energy is looking at a home refueling system concept which would scale this technology down to the 1 to 2 kg/d production level needed for typical fuel-cell vehicles. Such a system could potentially solve the hydrogen infrastructure problem which is a concern for these vehicles. FuelCell Energy is also developing an electrochemical hydrogen compression system which compresses and purifies the H2 in one step. By combining these two technologies, the high pressure high purity hydrogen needed by the vehicles can be easily and cost-effectively generated at this small scale."
https://www.osti.gov/scitech/servlets/purl/1348835
I read them.
Looks like FCEL may enter the home H2 dispensing and distributed H2 market in a big way.
Long read but very interesting.
https://www.osti.gov/scitech/servlets/purl/1348835
http://www.google.com/patents/US20160351930
Turns out that FCEL has a patent pending matrix composition in the works with the objective of doubling stack life from the current 5 years to 10.
Review the project detailed in the link and note the progress. I am also posting a link to the patent application. Will go a long ways towards making the costs associated with MCFC’s much more attractive IMO.
Overall Objectives: Develop an innovative durable DFC (Direct Fuel Cell) electrolyte matrix (‘Smart’ Matrix) to enable >420kW rated stack power and 10-year (80,000h) stack service life*
*current-generation: 350kW rated stack power and 5-year stack service life
https://www.hydrogen.energy.gov/pdfs/review17/fc116_yuh_2017_o.pdf
http://www.freshpatents.com/-dt20160929ptan20160285114.php
How long did that take? My chart says 4 years ish. Not all that impressive imo if it happened like that. Your posts tell a different story.
Help wanted,
sounds like the expansion work is complete.
https://careers-fuelcellenergy.icims.com/jobs/search?hashed=-435769398&mobile=true&width=320&height=436&bga=true&needsRedirect=false&jan1offset=-300&jun1offset=-240
Volvo weighs in on alternative fuel debate
http://www.primemovermag.com.au/news/article/volvo-weighs-in-on-alternative-fuel-debate
Revenues and financing.
For starters, the recent 20MW sale to Korea will generate in excess of $60m in revenue over the next quarter or so and the cells are coming out of inventory and already expensed on the books.
Purchase orders are easy to finance.
Hope you're short here DJ.
"KOSPO is also planning to build fuel cells and biomass power units at idled lots of its power complexes. The power company is implementing a 20MW fuel cell phase 1 project whose dedication is slated for next August, using an idle area of the Shin Incheon Power Complex. The 8MW-class, second phase project is to be launched soon. KOSPO plans to launch fuel cell unit projects using idle lands of power complexes in Busan, Yeongweol, and Andong. "
http://www.newsworld.co.kr/detail.htm?no=3471
Hmmm, not sure what to make of that. but it probably explains why the 10Q language in June said finalizing the Posco MOU by September 30 and the September Q now says in 2017.
It's already out of committee and scheduled for a full senate vote. Don't let facts get in the way of your fantasies.
Grants and earnings? DJ
Outstanding, thanks for sharing.
There were only around 20m shares outstanding at that time. Different scenarios.
Just in case you're wondering how serious XOM is about MCFC. This patent application was published today. May take a bit to read it.
http://appft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PG01&p=1&u=/netahtml/PTO/srchnum.html&r=1&f=G&l=50&s1=20170271701.PGNR.&OS=DN/20170271701&RS=DN/20170271701
For CLNE, California is much bigger and RNG is not a fossil fuel DJ.