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Subject to the satisfaction of certain conditions precedent, a second draw (the “Second Funding”) of $65,500,000 will be made on or about November 22, 2019 to fully repay outstanding third party debt of the Company with respect to certain other Company projects, including to repay the outstanding construction loan to Fifth Third Bank on the Groton Project and the outstanding loan to Webster Bank on the CCSU Project as well as to fund remaining going forward construction costs and anticipated capital expenditures relating to the Groton Project (a 7.4 MW project), the LIPA Yaphank Solid Waste Management Project (a 7.4 MW project), the Tulare BioMAT project (a 2.8 MW project), and the Bolthouse Project (a 5.0 MW project). Simultaneously with the Second Funding, the lien on the Company’s intellectual property assets will be released and a lien will be granted to the Agent to secure the Facility on the assets of the Groton Project and CCSU Project as well as with respect to the equity interests in such project companies. Conditions precedent to the Second Funding include issuance of the Second Funding Warrants (as described below), the submission of certain operating budgets, the obtaining of all material authorizations for each of the projects to be funded, the Agent’s satisfactory completion of due diligence in the Agent’s sole discretion, the Agent’s approval of the Second Funding in its sole discretion, investment committee approval of the respective Lenders, execution of the JDA with EMRE (as discussed above), and other reasonable and customary closing conditions.
Friday is a big day for FuelCell Energy. $FCEL
ExxonMobil’s annual Outlook for Energy serves as our latest analysis on how the world will use energy between now and 2040. Here are 7 key takeaways for 2019: https://t.co/6iYdTyhsmz
— ExxonMobil UK (@ExxonMobil_UK) November 18, 2019
I agree. But at least the Fuel Cell Park project in New London is back under construction and moving forward.
https://www.defensecommunities.org/blog/congress-dod/fuel-cell-park-project-work-resumes-at-naval-submarine-base-new-london/
I’m really not sure. Just know the more I dig the more I’ve been finding.
https://www.aiche.org/conferences/aiche-annual-meeting/2019/proceeding/paper/656a-carbonate-fuel-cells-scaling-magic-carbon-capture-box
Conference on Thursday
https://www.google.com/amp/s/chroniclevoice.com/lanthanum-chromite-market-global-opportunity-analysis-and-industry-forecast-2019-2026/amp/
Both FuelCell Energy and Versa Power Systems, Inc. (USA) are both major players covered in Lanthanum Chromite report.
We’re excited to have just signed a new agreement with @FuelCell_Energy to further enhance carbonate #FuelCell technology. This will help capture even more CO2 from industrial facilities. Read more here: https://t.co/KKop4trf0s #CCS pic.twitter.com/23UtD7dR0G
— ExxonMobil EU (@ExxonMobil_EU) November 11, 2019
Starting today, the 2019 Fuel Cell Seminar & Exposition is taking place in #California 🌴 See how carbonate #fuelcell technology has been a part of our #CCS technology. https://t.co/s2SwUUWgrt @FuelCell_Energy pic.twitter.com/gOZWpmxo58
— ExxonMobil EU (@ExxonMobil_EU) November 5, 2019
Also people shouldn’t forget this.
$FCEL “Pref B” November Dividend + Arrears Paid Today ($37.97/share total); Sep 25/19 Report outlines why Bs Remain a Unique Opportunity to Capitalize as Firm Moves Towards a Profitable Business Model: https://t.co/dLL8RikVf1 $FCELB #FuelCells #CarbonCapture #Hydrogen pic.twitter.com/lJYXxaeO4G
— Paul Borisoff (@BorisoffWealth) November 15, 2019
Tier 1 members at the 2019 Fuel Cell Seminar and Energy Exposition
https://www.fuelcellseminar.com/2019exhibitors
http://www.fchea.org/members/
http://www.fchea.org/stationary
http://www.fchea.org/in-transition/2018/11/26/fuel-cell-powered-port-vehicles
https://www.portoflosangeles.org/references/news_091418_carb_toyota
Lol either way I’ve made some money and now I’m playing with theirs so I’m happy regardless. But I do think if they can do 22 mill in a quarter which they reported then I would assume and I know that’s an assumption that since that 3rd quarter they’ve had nothing but positive public news that it’s prob going to be better then last quarter. Now this stock was a company a year ago. They did 88 million in revenue. So if they can do anywhere close to 44 in revenue for 2 quarters then I would assume and I know that’s another assumption that the stock would be worth more then a $1
Looks like there’s a lot going on. Should be interesting for sure
https://www.google.com/amp/s/seekingalpha.com/amp/article/4303612-fuelcell-energy-bankruptcy-table-strategic-transactions
https://www.theday.com/article/20190920/NWS09/190929923
They’re starting to get funding so we will see :)
Did you see? We announced the very first #hydrogen #fuelcell utility tractor, demonstrating a commercial use for zero-emission equipment. https://t.co/BJ8ZlyWmT8
— Toyota Policy (@ToyotaPolicy) November 16, 2019
FuelCell Energy has done well since Exxon did an agreement with Mosaic Materials.
I see it now
They already did the reverse split. Not doing another.
https://www.miaxoptions.com/sites/default/files/alert-files/FCEL_revsplit_45006.pdf
We’ve signed a two-year agreement with @FuelCell_Energy to research how to bring carbon capture to scale. By more efficiently catching carbon, this innovative technology could lead to meaningful reductions around the globe. Learn more: https://t.co/CLpIGXGaDh pic.twitter.com/MsK7MOT2b1
— ExxonMobil (@exxonmobil) November 6, 2019
https://www.globenewswire.com/news-release/2019/09/09/1912729/0/en/FuelCell-Energy-Reports-Third-Quarter-Fiscal-2019-Financial-Results-and-Business-Update.html
The company has done well since they hired Jason Few. You can try and bash the company all you want but they’re making money, debt is being paid off and a huge backlog.
1. ExxonMobil Agreement
FuelCell Energy will provide exclusive research and development work for ExxonMobil to advance the company's carbon capture technology over a two-year period.
The company will be entitled to:
A $5 million upfront exclusivity and technology access fee of $5 million
Research cost reimbursement of up to $45 million
A maximum of $10 million in milestone payments
In addition, ExxonMobil will make an initial advance payment for future research costs of $3.75 million.
So they have money now
So what’s your prediction for the eod?
Heyyyyyyyy welcome back!!!
https://energyfactor.exxonmobil.com/science-technology/stop-carbon-dioxide-emissions-power-plants/?utm_source=google&utm_medium=cpc&utm_campaign=XOM+%7C+Corp+%7C+ELH+%7C+Traffic+%7C+Non+Brand+%7C+Technology+%7C+Carbon+Capture+%7C+Exact&utm_content=Non+Brand+%7C+Carbon+%7C+Capture+%7C+2&utm_term=carbon+capture+technology&&gclid=EAIaIQobChMIyd-zwpnq5QIVxZ6zCh0DuQnyEAAYASAAEgJkfvD_BwE&gclsrc=aw.ds
Kind of a no brainer. Exxon just invested 60 million in FuelCell Energy(fcel). There’s obviously something cookin.
The way the chart is setting up I see ending today around .9. It would be great if it got to a buck and stays there by the eod Friday.
Asked him if he would disappear when it went back up. Well I don’t see him lol
Lol your cute
Will you disappear when it goes up again? Lots of posts buddy. Money grab?