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Ok thank you m45,
You posted that story when it came out but there was no mention of FCEL so I wasn't sure what to make of it and the time.
Today's translation puts them in the mix. CEO said on the cc up to 200MW near term potential in S Korea.
Good to see the fuel cell support there.
m45,
can you post a translation of this article? I can't seem to get that done on my phone. Trying to determine if this is the same deal as the KOSPO announcement or a different one. This is talking about a 30MW project and the KOSPO deal was 20. FCEL is mentioned in some regard.
Thanks in advance.
http://www.h2news.kr/mobile/article.html?no=6161
Would be nice to see these both happen this year.
https://www.washingtonpost.com/news/powerpost/paloma/the-energy-202/2017/09/14/the-energy-202-carbon-capture-could-also-benefit-from-trump-outreach-to-democrats/59ba56c130fb045176650c54/?utm_term=.6915c5a9378f
https://www.congress.gov/bill/115th-congress/house-bill/1090/cosponsors
https://www.eia.gov/todayinenergy/detail.php?id=32912#
Kinda kills that theory.
CLNE does no business in China BTW
Your anti alt energy theories are getting slaughtered lately.
Not to mention oil headed for $60bbl
IMO, favorable developments on the ports Clean Air Action Plan along with sizable truck replacement incentives ($1.5billion) from the California Cap and Trade legislation funds.
FYI
ExxonMobil’s research indicates that a typical 500 megawatt (MW) power plant using a carbonate fuel cell may be able to generate up to an additional 120 MW of power while current CCS technology consumes about 50 MW of power.
http://corporate.exxonmobil.com/en/technology/carbon-capture-and-storage/advanced-carbonate-fuel-cell-technology/advanced-carbonate-fuel-cell-technology
Company Update - September 2017
http://s21.q4cdn.com/256256048/files/doc_presentations/2017/09/Company-update-September-2017.pdf
Hope you followed through on that! I bought the early drop and glad I did after the cc.
Some were expecting a big drop but we landed green. Everyone that knows this company was expecting a less than great quarter and we got it. I think the bad news is in the rear view and it's up from here.
I would expect a couple analyst upgrades in the coming days and $30m in 4th quarter sales on the next report.
Gltu and not so much for DJ.
Good advice, I guess I'll remove you from my potential replacement list.
“Recent project awards combined with existing backlog now total about $1.5 billion, which is transformational for the Company by providing the sales volume needed to reach profitability,” said Chip Bottone, President and Chief Executive Officer, FuelCell Energy. “We have a global platform and demonstrated a sizeable win in South Korea in a relatively short period of time since re-assuming Asian marketing rights as we pursue a number of multi-megawatt opportunities in the region.
http://s21.q4cdn.com/256256048/files/doc_presentations/2017/Q3/Q3-2017-FCEL-Earnings-Call-(1).pdf
http://investor.fce.com/press-releases/press-release-details/2017/FuelCell-Energy-Reports-Third-Quarter-2017-Financial-Results-and-Business-Update/default.aspx
Link DJ?
Any business out of Connecticut will require a competitive bidding process via RFP according to PA 17-144.
I am not aware of any such open RFP's at this time. Plenty of other fish in the pond though.
Older presentation, but still very valid and points to future developments.
Review this first,
https://www.arb.ca.gov/research/aliso_canyon/arb_aliso_canyon_methane_leak_climate_impacts_mitigation_program.pdf
Then this, for a sense of another FCEL revenue stream.
https://www.arb.ca.gov/lists/com-attach/16-alisompdraft-ws-BjRRZwQ0VTBXfAc3.pdf
Left out this part.
Also, the Company’s multi-year kit order with POSCO Energy concluded at the end of fiscal year 2016 and, as a result, the Company does not expect to recognize product sales revenue at the levels previously recognized from POSCO Energy during fiscal year 2017.
......................
In addition, the 2017 MOU contemplates entering into a module procurement agreement with POSCO Energy that the Company anticipates will provide that POSCO Energy will commit to a specified level of module purchases from the Company to supplement its own local manufacturing for servicing its existing fleet. Definitive agreements are expected to be finalized in autumn 2017.
Might want to read the last sentence of each paragraph if you're on the fence until October.
We contract with a concentrated number of customers for the sale of products and for research and development contracts. This includes POSCO Energy, which is a related party and owns approximately 5% of the outstanding common shares of the Company. POSCO Energy accounted for 48% of the Company’s total revenues in fiscal year 2016.
We entered into manufacturing and technology transfer agreements 2007, 2009 and 2012 with POSCO Energy. The Cell Technology Transfer Agreement (“CTTA”), executed in October 2012, provides POSCO Energy with the technology to manufacture SureSource power plants in South Korea and the market access to sell power plants throughout Asia. In October 2016, the Company and POSCO Energy extended the terms of the 2007 and 2009 license agreements to be consistent with the term of the CTTA which expires on October 31, 2027. The term of these agreements may be extended beyond 2027 through future extensions, each for a period of five (5) years, by mutual agreement of the Company and POSCO Energy. In conjunction with the CTTA, the Company receives a 3.0% royalty on POSCO Energy net product sales as well as a royalty on each scheduled fuel cell module replacement under service agreements for modules that were built by POSCO Energy and installed at any plant in Asia under terms of the Master Service Agreement between the Company and POSCO Energy. As a result, we have been historically reliant on POSCO Energy to develop and grow the Asian market. In March 2017, we entered into a memorandum of understanding in the POSCO Energy to permit us to directly develop the Asian fuel cell business, including the right for us to sell SureSource solutions in Korea and the broader Asian market. We and POSCO Energy also agreed to undertake to amend the CTTA and other agreements by September 30, 2017, to reflect our new relationship.
https://www.sec.gov/Archives/edgar/data/886128/000156459017012328/fcel-10q_20170430.htm
Is this what you're referring to?
http://www.wfsb.com/story/34938795/jc-penney-store-closing-in-ct-more-than-130-closing-throughout-usa
It's about time we got an update on CCS progress.
Gigawatts baby!
Steady stream of patent publications relating to CCS coming through both Exxon and Fuellcell Energy since their partnership was announced.
Exxon (Fuel cell related only)
04/02/15 Integrated power generation and chemical production using solid oxide fuel cells
04/02/15 Cathode combustion for enhanced fuel cell syngas production
04/02/15 Fuel cell integration within a heat recovery steam generator
09/17/15 Integrated power generation using molten carbonate fuel cells
09/10/15 Integration of molten carbonate fuel cells in fischer-tropsch synthesis
01/14/16 Integrated power generation using molten carbonate fuel cells
10/06/16 Integration of molten carbonate fuel cells in fischer-tropsch synthesis
10/27/16 Housing for multiple fuel cell stacks
12/01/16 Integrated electrical power and chemical production using fuel cells
05/18/17 Hybrid high-temperature swing adsorption and fuel cell
07/06/17 Integration of molten carbonate fuel cells in iron and steel processing
FCE (All)
03/23/17 Method of making fuel cell component using adhesive tape to maintain positioning of loading material particles
03/09/17 Fuel cell system ride-through of electric grid disturbances
02/09/17 High-efficiency fuel cell system with carbon dioxide capture assembly and method
12/08/16 High-efficiency molten carbonate fuel cell system with carbon dioxide capture assembly and method
12/01/16 Reformer-electrolyzer-purifier (rep) assembly for hydrogen production, systems incorporating same and producing hydrogen
09/29/16 Fuel cell assembly
09/29/16 Fuel cell matrix composition and manufacturing same
09/29/16 Method of forming a bipolar separator assembly
08/25/16 Power producing gas separation system and method
08/25/16 Power producing gas separation system and method
06/23/16 High-efficiency molten carbonate fuel cell system and method
05/26/16 Fuel cell system with waste heat recovery for production of high pressure steam
03/03/16 Flame stabilized mixer-eductor-oxidizer for high temperature fuel cells
07/30/15 Fuel cell matrix composition and manufacturing same
03/05/15 High temperature expandable refractory
Insiders like the price - buying opportunity! Got some myself!
http://investors.cleanenergyfuels.com/secfiling.cfm?filingid=1179110-17-11186&CIK=1368265
http://investors.cleanenergyfuels.com/secfiling.cfm?filingid=1179110-17-11183&CIK=1368265
You were wrong as usual. Revenue and earnings exceeded expectations.
You and I both know why they showed reduced revenue and it has nothing to do with growth or financial health.
VTEC down 6.5m
Gain from debt extinguishment down 10m
Environmental credits down 9m due to the BP deal.
Record sales - 200m cash.
I advise you short the stock from here.
Buying opportunity! Overreaction to this, but it is only a trial and has been in the works for a couple years. The Prior electric bus trial was a complete failure and the busses were returned to the supplier.
Key Milestone: ZEB Technology Assessment (2019-2020)
– “Go/No-Go” decision milestone on expanding use of ZEB fleet-wide at Metro in 2019-2020 (i.e. determine whether to move into Phase 2).
http://metro.legistar1.com/metro/attachments/cf4d8016-66ff-4b36-a88b-58b4741ffa4d.pdf
Good synopsis for the posters doing dd.
Written by a professional investment firm.
https://canaccordgenuity.digitalagent.ca/documents/21419/23566/FCEL+Report+JUN+2017.pdf/9649975b-c058-441f-8958-60aadb06d9a8?hootPostID=4d9a93a3259dd1417d8984910ee80e69
Sound familiar? (page 14) Lots of fuel cell references in this document.
Grid-Scale Renewables
The cost for renewable generation technologies continues to decline. In general, grid-connected renewable projects provide similar benefits at a lower cost to ratepayers compared to behind the meter projects. DEEP has issued multiple solicitations for grid connected clean energy generation and selected the following resources:
Project 150
Biomass – 30 MW
Fuel Cell – 63 MW
http://www.ct.gov/deep/lib/deep/energy/ces/2017_draft_comprehensiveenergystrategy.pdf
One of the biggest banks is making a big renewable energy commitment
"It will also install large-capacity fuel-cell technology at commercial sites."
https://www.cnbc.com/2017/07/28/jpmorgan-chase-says-it-will-rely-solely-on-renewable-energy-by-2020.html
More anecdotal evidence for you DJ
Good Stuff!
https://www.socalgas.com/1443741022531/07_26_17-NEWS-RELEASE-UC-Riverside-Study-on-Ultra-Low-Emission-Natural-Gas-Engines.pdf
Looks like more Westport NG engines flying off the shelf.
Expect approval of both of these contracts today at LA Metro board meeting.
I'm back in to WPRT.
http://metro.legistar1.com/metro/meetings/2017/7/1231_A_Board_of_Directors_-_Regular_Board_Meeting_17-07-27_Agenda_-_Subject.pdf
https://metro.legistar.com/LegislationDetail.aspx?ID=3104413&GUID=99A5CA4C-8F05-418D-B011-41F39C8EC408
https://metro.legistar.com/LegislationDetail.aspx?ID=3104427&GUID=CE258514-181E-491D-9D0D-FEF564F5BF75
$.02/MW
39.8 MW!
A second feed-in tariff will be awarded to a developer that plans to install three low-emission fuel cells at the Brookhaven Rail Terminal in Yaphank by 2018,
LIPA will present its actions at a trustees meeting in Uniondale on Wednesday.
http://www.newsday.com/long-island/source-lipa-rejects-planned-solar-farm-offshore-wind-project-1.13813172
LIPA board meeting tomorrow. Expecting decisions on the fuel cell only feed in tariff. FITIV and judging by the link below, fuel cells solve issues.
http://www.lipower.org/pdfs/company/papers/board/committees/REV/05242017/2%20LIPA%20REV%20May%202017%20Load%20Pocket%20v2-%20Final.pdf
Oops, forgot the link but at least I can copy/paste.
https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB07036
I presume this is what your talking about. No reason to let facts get in the way DJ.
http://wnpr.org/post/gov-malloy-vetoes-bridgeport-green-energy-bill
This is the "law" that matters. Signed by the governor.
Uh oh - not wise to be short.
Got a link DJ?
Looks very favorable for near-zero NGV's at the ports of Ca. 15,000ish rigs and it's going to cost you if you enter the port in a non-near zero truck.
Zero emissions may never come to pass.
This will be good for CLNE and WPRT
http://www.cleanairactionplan.org/news/san-pedro-bay-ports-release-draft-2017-clean-air-action-plan-update/