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you answered my question about how the factories will be financed.
but if VW finance the factories what does that mean for theQS company/share price? Will VW get a bigger %age of PowerCo and hence affect QS market value?
I wonder what is happening with OLIN i Louisiana and withe the Port of Bruges Plant.
Electrolyser sales have been very high (more revenue from them and cryo than material handling) so curtailing US plant construction may be al they need to right the finances since the cost of H2 will tumble
WTM. New York have built the sub station for power and 2 storage vessels - huge spheres
nothing else is visible the NY Stamp facebook feed has pictures of nothing
Texas he access road and clearance was complete but don't think they started anything else.
you are right Georgia expansion is the next to get volume up. IMHO they should only do NY (having spent so much and it is important politically to complete)
then there is Belgium of course followed by Finland.
This is a valid question and I guess they have run trials on it - durig he MSFT tests I am sure it was considered:
the new installation in Colorado uses excess solar power to generate the hydrogen which is ten stored for use in their fork lifts.
so the hydrogen is pretty cheap at $0 (in fact -$3/kg after tax incentives) so you consider this a deal breaker?
given the warrants they have from PLUG the upto $1m cost of the electrolyser and BOP is. proablywritten off in accounts
Doesn't mention the initial deal wth Brookfield falling through. Had they built that plant they would have learned all he lessons they are now learning but 3 years earlier.
That was Sanjay being greedy as the plant wouldn't have been expandable
not sure brookfield is the best renewable investment though, any others?
Interestingly the military are looking towards hydrogen as being safer than fossil fuels.
https://modernbattlespace.com/2024/01/03/fueling-the-future-how-fuel-cells-can-revolutionize-military-operations/
from what they said at the 3rd qtr report they will have a forecasting/supply restraint all year. Their Q1 production numbers cannot increase due to supply chain even though they have the orders.
Hopefully they are getting indication of commitments for the whole year so they can be placing the component orders (especially batteries) to meet the demands.
I also suspect that some larger fleets will say if you have excess inventory we will take them once they start to instal major highway refueling stations (HYLA or third party like 7-11 are doing).
i was interested in the view that large fleets are encouraging smaller fleets to exploit the HVIP program in California (limited to small <50 vehicles) as they will sub contract a lot of their port/drayage work. If so there should be a. steady stream of orders through that program
Hoping all the technical problems go away this year.
remember they have supply chain issues (battery I think). this is actually a little better than I expected.
they should give us some indication of planned run rate though. 1 a day is a good starting int for 2024/Q1
Had hoped the market might run with this - I still have some January $2 calls
Releasing production numbers is an indication that they are a real motor vehicle manufacturer at last. Hope they do this monthly from now on.
I am pleased they have announced their production numbers. 35 is probably higher than I expected as well.
no indication of current run rate which we know is limited by supply chain issues. one a day would be a good starting point/ target for Q1
This is great news. not too long to wait for adoption by VW IMHO
one of the sites is the Georgia plant. the first liquefier is Chart (the expansion will use Plug’s liquefier).
Wondering how much of the delay is from Chart being unresponsive to support requests.
the whole cold boxes and then liquefier itself are from Chart. Everything they have been working on for the last 3 months….
not sure if the second site was to be NY Stamp or another location (TN expansion?)
reads more like good news, certainly not “really bad news"
they aren't rushing for the sake of meeting self imposed deadlines.
they are following a scientific process (not sure about the reference to artistic skill) but I would rather they were slow and steady and get it right first time than rush and have to start over.
what does another week or so of not having 15TPD of their own H2 mean in the long run?
how did they miss the quarterly number but exceed the annual number?
is it purely delivery numbers, in which case they can take a leaf from Tesla and drop prices or may be they have fleet orders and the buyer isnt ready to receive yet.
will be interesting to hear in the quarterly report or earlier.
Badger is an impressive design, but Nikola has no money to develop it further until FCEV and BEV are rolling off the production line fast.
not sure they really are set up to manufacture a truck since required volume would be high and would need its own production line. may be in 3 years when phase 3 of factory is built?
that doesnt make sense.
Why take a 12 month ago forecast? We know so much more now that a better forecast can be made.
The company didnt make one as far as I recall but analysts must have.
The loss will be dictated by the price they had t pay for H2 again but it was lower than Q3
may be i will sped some time this weekend looking at the numbers
in the big scheme of things it is Q1 and Q2 2024 improvements that will really matter.
15 months ago article
have we heard anything about it - have they ordered anything yet?
what do you think the Q4 expectation is so we can measure the miss.
we know it will be bad but that is therefore the expectation.
I think they may beat revenues as they ha all the backlog inventory to ship once hydrogen supply chain issues were fixed (and they were in late Q3). Shipments to the rest of the world wouldn't be affected and they had a number of 5MW electrolyzers to ship.
Margin/loss all depends on the price of H2 they paid. did teir forecasts include any savings ofmr Georgia - I dont think so
So what numbers do you think is the forecast so we can measure the size of the miss?
He doesn't announce in emboldened capital letters that he thinks this is more bad news.
I don't mind seeing repeated data and WTM gives credit if copying other posters from other boards.
The 70% is an accounting trick as I suspect it doesn't include any amortization of the installed equipment, just input costs - electricity and labour - to put a price on in house produced H2. It came from Q2 call I think and has been repeated
I would expect it is PLUG GenSure system. They have the most installed with thousands used by Southern inc for cell towers and some other railways already using them
again no NEWS in this post just old data that has been known about for months
Yes we did know this. So what?
Not sure if you are critical of the 1 MW system
wish he had updated us on number of FCEV built and shipped ($$), or current weekly build rate at least
there is no new “BAD news" in the Seeking alpha articles. In fact they may be AI generated they repeat the same stuff.
no recognition that the 70% reduction in H2 cost will reduce their losses without any $3/kg handout.
The one sentence that sums up their situation is:
have to admit I added a few after seeing the reaction to the “news”.
seems PLUG are the only ones really questioning them, but then they are more advanced in building. green hydrogen plants.
The additionality rules would be fair if it was easy to attach a solar or wind farm to the grid, huge backlog of renewables waiting to be added.
there is no news in that article.
just someone who is weeks behind everyone else trying to earn a few $$ for xmas
1. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2023.
2. Represents weighted average sales price. The shares were sold at prices ranging from $500.00 to $500.67. The Reporting Person will provide upon request, to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
3. The shares are held by the Debora C. Shoquist Revocable Living Trust, of which the Reporting Person is a trustee.
Offtake is securing the supply of hydrogen for their vehicles.
Currently Bayotech is the main supplier in California
ONce the now FFI plant is up and running it will provide a lot of capacity
For East coast dealers later in 2024 PLUG I believe has contracted offtake as well as 75 FCEVs. They are currently supplying some H2 for Nikolas East cast activity frm their Georgia Gaseous plant. Once liquid H2 is produced it can supply longer distances
I am shocked - but without Bears workshop weekly flyovers we are missing things
the BEVs I suspect are the trucks recalled waiting o get batteries swapped, not newly manufactured
the hydrogen ones some will be test I hope they ship to customers (to collect $$$) as soon as they can.
they should be manufacturing one FCEV per day by now.
If it is being delivered under the terms of the existing agreement, this hasn't seemed to b a big drain on expenses so far. Exxon are probably paying for x staff to do the. research they need.
the hardware was ordered months ago, so now there will be balance of plant and installation services which should all be being charged to Porthos at standard rates.
I had hoped there would be a US based trial site - Gulf coast Louisiana/Alabama or Texas
may be people did research
they had already ordered the Sure Source system as t ws a “long lead time” item. so thats why there is no $$ mentioned.
should find out more tomorrow though. glad they announced the day before
it is all confusing.
they are supposedly already expanding the plant to 30 TPD so construction should be expected whilst getting the main plant operational.
So long as they have muster stations I am not worried about the sign age.
I do wonder what the measure is for operational. How much liquid H2 production over how long? I wouldn't announce things if they only run for one day but do they have to run a whole week?
why would they be building muster stations if they aren't close to operations?
cannot establish if the activity shown is construction or tidying everything up having completed the job.
have we heard anything from Malaysia and the SOFC opportunity?
In USA seems we can just hope for one off projects like Tri Gen derby etc. No “roll out” from the Navy after Groton.
My biggest concern with FCEL is they don't have a vision for volume orders.
Exxon seem happy to learn the technology and chemistry for CO2 capture but reluctant to really commit.
A shame really as the SOFC is still the most efficient electrolyser but what market are they targetting?
I think the delay communicated to the locals was from the spring/summer and they then started ground clearance and the access road. They have said they will still pay the taxes for the local school(?) as promised. The site looks ready to build so they were working once permits were cleared.
This is a subsequent suspension of operations after they got permits etc.
what ever it is still not a good way to run a business but they really had no choice. Hopefully Keiwitt are still committed to the build contract.
I am not sure which I want to be started first - Texas since it should get the full $3/kg subsidy and is smaller, or NY Stamp where the power is in, the final storage is in and will provide a huge amount of green hydrogen for the USA.
Statement about Texas (and NY) site I haven't seen posted or discussed much here.
what price are they selling their H2 at?
I see california retail pump prices hit another all time high ($36/kg). no wonder Linde makes huge profits
FCEL business is built on natural gas being turned into energy/electricity mostly in Korea.
They have produced hydorgen at their tri-generation plant using bio gas (blue)
They have a new Solid oxide fuel cell that can be reversed to generate hydrogen from say nuclear electricity with a lot of interest and a few small research systems.
so Fuel cell energy is not about green hydrogen - yet
I have only seen publicity from the supplier not PLUG
I believe we manufacture our own for the US market but HRS was chosen for Europe. I assume a lot of the standards are different so two products are needed.