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i guess this is good news, they are certainly juggling their cash position at the moment. I wonder how many FCEV they have lined up for the first month of production. DOE loans cant come fast enough to help pay for the H2 production plant so far.
Doesn't sound like a lot but the new platform ZEV_4 was 40 of these 46 units compared to only 5 in Q1
https://ir.lightningemotors.com/news-events/press-releases/detail/113/lightning-emotors-announces-production-of-46-units-in-the
they need to start doing one a day at least
all about comprehension, a skill sadly licking on message boards!
Still good news for Hyzon followers as things are" on track" for 2024 production.
Good list of benefits of a single 200 over 2 x 110 kW stacks but what about resilience/single point of failure?
need to be scaling 100 times.
some companies are manufacturing 25 MW a week, yet you cite Derby 17MW, that is late, as a big event along with other projects that are years behind initial schedules. Malaysia and Nuclear Deals are what I am waiting for more information on
FCEL has a lot of catching up to do, the market is huge, they have an exciting new product and their share price reflects this. Do they have the ability to survive short term as they enter the hydrogen marketplace? it's why I am still invested here but every quarter I question my decision.
They have applied for huge govt loans but they take 9-12 months to come through. They need to build trucks and H2 production NOW. So think again how public companies fund their growth.
Either that or you could by a Lucid Air for $50k
FCEL has minimal hydrogen business, need to focus on Korean Nat gas energy servers and micro grids to get $$ to find a few strategic hydrogen deals like Nuclear .
Problem is Few is a numbers guy not a technical strategist
California needs fewer diesel trucks. That is the goal.
Pure hydrogen plays (production or FCEV or both) will be needed.
Trigeneration comes at a cost, not clean fuel (POLB had to switch to bio gas from pure Nat gas which is FCEL main business). To sell a power energy server with side products (try generation is an electricity station first and foremost) is not what California needs a lot of.
How many have FCEL sold? Compared to Nikola fueling stations?
Once they get visibility outside of Portugal. Bakersfield project should be the turning point.
was hardly a huge gap at the open.
we had already had a reaction to turning down the share increase - which will happen anyway - so will we fall when they double the authorized share count in August?
COmpany has a declared and executed strategy for raising funds needed, unfortunately shorts dorve the price so low that meant far too many shares being issued.
hopefully we get more grants and loans so we do not need to goto the market with shares for 6-9 months while FCEV sales start to roll out
they have no problem making them. Selling and getting the right model to the right dealer is a different question.
look at the inventory at the factory and that's just from phase 1- phase 2 must be close to ready
The Genesis launch needs to start being planned/publicised.
why?
nothings changed
they will have shares to sell for$$ wen they need to, jost how to do that and current rules until August say not this way.
interesting that the subject of Eric Strayers talk will be:
‘Deployment of hydrogen in Transport Sector: Paving the Way for a Decarbonized Society'.
Is this based of his prior jobs? Certainly not a market that anyone would consider FCEL as providing any experience for a conference talk.
Or maybe there is a partnership coming with a filling station company in Europe. May be the SO electrolyser can do small production (for a highway truck stop)? I thought they were targeting nuclear for that product though/
We do know PLUG is supplying Nikola gaseous hydrogen from Georgia for their East coast dealers.
In CA they currently get it from someone else, the long term strategy is for Southern CA to source from. the Nikola phoenix facility. PLUG I expect will be supplying them more as their own facilities open up.
Wish I knew where the Mid West is to get its green hydrogen and they have so many trucks..
NIkola went above $1 on June 14th (first time since May 5th) and never dipped below since - hardly "frustrating up and downs."
they are more focussed and have a well published strategy both on product, market and financials
what is the Navajo Nation project including? I expect they are generating a ton of wind power but what is FCELs involvement/solution?
it is all about hydrogen, but FCEL is a company with very little experience with Hydrogen.
98% of their revenue is from natural gas powered energy servers.
Their hydrogen strategy is being made visible extremely slowly given the massive potential market.
These price targets are for 12 months time right.
Weird they are only predicting a 25% increase given the short level and the revenue / margin forecasts they are obviously buying into (or else wouldn't be starting at a buy).
what are you no impressed with
they advised us that they were effectively building to order whah as inventory gets drawn down sees to be what they have done and hopefully that means FCEV will be ready earlier .
I have a feeling the Romeo thing is more a tidy up the ends of the company you just bought out and not a plan to not use Romea designed, and now made by Nikola, batteries. Although Electrek did a hit piece to highlight issues wit Romeo battery spot welds. Odd I can't see it on their website any more...
I wonder if someone has. heard something? no reason for this mornings rise unless it is the Acciona/PLUG linkedIn account
We should have an update - if they have fully commissioned all equipment (ie tested in isolation) and ar ramping up the overall throughput of the site I will be happy. May be only 50% of H2 is being liquefied rest being sold as gas (which they have been doing all year).
But we should have an update it is an insult to the analysts and investors that you promise but don't update us.
will be interesting to see the impact of only making left hand drive cars now.
I think that decision cuts in. in Q3 but may be its a 2024 thing.
not expected to make profits yet, but they will have been getting a lot of cash in as many of the trucks were from inventory(66%).
It reflects that the fleets are handling the infrastructure. would be nice to know how. many new dealers/fleets they supplied or were they repeat orders form the sme customers?
I can imagine once you get your charging station installed (1 reason for poor Q4/Q1 numbers) and see how you can plan around its maximized use you then add more trucks to your fleet.
Hope the announce the actual SOP date for FCEV before the quarterly numbers release on August 4th
by accounting rules they are in inventory even if in transit to the end customers. (actually for exports they can count delivery at the port).
so the concern is still there that they have increased "unsold" vehicles.
The 10Q will have more detail to help work out if there is a glut of models sitting idle in a particular country or if they need this number in transit at all times.
great news indeed, glad for the nice price improvement and should follow through
and it is relevant for Fuel cell as they have no fuel cells that are mobile let alone airworthy.
There are plenty of other companies involved with at least 4 airplane projects and airport projects in Europe mostly, but FCE L is not involved - ebn inTorino whose "level 3 certification" means they have. a plan to engage stakeholder s
PLUG did respond to the Charles De Gaulle airport RFP directly and as part of other bids from what I recall and are heavily involved with Airbus for infrastructure
On top of that FCEL are not really a hydrogen company yet, with 2 solutions both in first pilot stage (Tri generation which would be very useful for airports) and the SOFC/electrolyser.
I have been wondering what ITM was upto as they are a competitor in the PEM electrolyser market. Seems they have some issues .
Was confused with Nikola , sorry
we are already Nasdaq compliant as of last Wednesday night and confirmed in an 8K.
Any R/S is to allow capital to be raised, however the law changes on August 1st allowing them t ojust have 50% of votes submitted to increase the A/S. until then they need 50% of all shares to be voted yes (which they have struggled to get to since so many do not vote).
In 12 months time they may decide to R/s to just get a higher price anyway as their business model and cash requirements will be clear for all analysts and financiers to see. Until then they need regular capital infusion to guarantee the FCEV deliveries they have committed to, and complete the first hydrogen production facility and supply the infrastructure for initial customers and some public stations with their partners
I was expecting some sort of sell off since we didn't get any update about Georgia.
Wish they had a counter on the web site showing daily TPD produced there - may not be 15 and may not all be liquified but sure there is quite a bit being made.
would be nice if "reporter" actually gave relevant information.
what is the typical quarter or annual sales in Australia?
obviously less than 450,000 and probably more than 20, we will never know from this guy
Need to see how long it took RIDE after their R/S achieved the same.
They did R/s May 24th
They got compliance letter June 7th and posted an 8K on 9th
So Nasdaq will respond very fast
And we are Nasdaq compliant!
Well done everyone now announce the date for FCEV production to start - it had better be in July.
there are at least 3 hydrogen powered planes flying now and more to come. Airbus is committing to having them by 2030
This one is powered by a PLUG power fuel cell (they are also part owners in universal hydrogen).
it is moving basede from Washington State to California. SOme are using hydrogen combustion engines and some fuel cells. Universal have developed the infrastructure for using "fuel pods" like the cargos storage bins to enable refuelling where there is no natural hydrogen supply.
Shame it isnt relevant to FCEL (not really a hydrogen company but they are aspiring to be one)
NACS isn't the standard in Europe or asia. For the US all the other networks will support NACS so in fact there will be more places for Tesla owners to charge now. (think Electrify America at Walmarts, chargepoint and Blink).
If the car supports real fast charging the Tesla superchargers will be the goto and their revenues increase as a result, but it is really about plugs and sockets.
it is win win and much of. the revenue Tesla gets will be passed through at minimal margin but yes it will be new revenues
no that was announced and delivered and was working in 2022.
what they announced Yesterday was the 20MW extension of that pilot which PLUG will deliver in 2023 (Lhyfe will send it to sea in 2024).
they then plan a 200-500MW system on an island yet to be built
reorganization does not mean for sale.
Foxconn failed to build any Endurances the issue they had in December was fixed but there is no production as per the contract manufacturing deal they have.
As art of the law suit they have they will be claiming the factory and other assets back form the original Foxconn deal.
if you are adding huge assets like a factory and cancelling contracts you will also be adding new contracts (for supply chain) so sensible to reorganize / shuffle assets as necessary and "emerge" structured as a manufacturer not a sales company,
they are NOT bankrupt (yet), depending on the value of any parts inventory they will inherit they may get close when they fire up the production line for say 100 a month
All these manufacturers signing up to the NACS standard just mean they will provide an adaptor to allow them to plug into any NACS charging station - Tesla obviously has most but Chargepoint/ Blink and others are also adding a NACS Adaptor to their stations.
The speed of charging though won't be any faster than the manufacturer supports which in many cases is well below the theoretical maximum speed of NACS level 3 super DC chargers
What billing network will users have to subscribe to to allow them to use these chargers? Will Tesla "pass through" charging to Volvo, GM, Ford billing systems?
don't think I was waffling at all.
"fully operational" is not defined, and will be gradually hit by increasing production - number of electroysers in production (may be they rotate them as they build up and test the capacity of the rest of the BOP. Then the liquefaction equipment can be tested and gradually built up in terms of hours per day operating, throughput etc
with a constant process of starting observing and then testing to see if everything is fine I can see tha they will have:
a) tested every part of the plant
b) produced hydrogen from all electrolysers
c) liquefied hydrogen in quantity for extended periods
Is that fully operational?
but will it be 24 hour operation at 15 TPD by the end of the week..?
we both agree we have to have an update though.
I agree would be nice to talk to mr Liquid hydrogen.
from what I have ascertained Georgia is at least 8 TPD gaseous - may be liquid testing?
So if they aren't producing 15TPD Liquid hydrogen but producing 12 TPD gaseous what is the effect on SP? It means it costs more to deliver (much of their production is actually collected by the customer) but will still be substantially cheaper than the liquid or gaseous they buy from Linde/AP
With the August Analyst meeting I have always thought a true complete 15 TPD liquid hydrogen will not be until near then (say early August).
We MUST have an update though, not giving the market that would be suicide even if it is "not quite there yet but we are close - and doing more than anyone else with green hydrogen production."
yep, this is why Manchins bill to speed up at least federal permitting is essential. PLUG lost a year in the NY site due to permitting appeals from the nearby tribes.
Until fuel cell and electrolyser sites are established they will be treated as if they are dirtier than oil rigs.
Good to see FCEl on top of this with detailed proceedures now in the public domain