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It's really looking brutal right now - we seem to be 6 cents down from yesterday.
No comment but from today:
https://www.sec.gov/Archives/edgar/data/34088/000119312521054891/d121386ddefa14a.htm
Moderator:
We’ve got lots of fantastic questions, but we’re going to have to just go to one last one to finish off with. So a lot of these technologies you’re talking about the scale, which is obviously really important. Is there anything you’re seeing that you really think you can accelerate to bring to scale? Are there some exciting technologies out there that you think are really on the horizon now that you are working on?
Swarup:
I think the biggest one that we’re working on is carbon capture. I think that is a needed technology. I think there’s pretty much consensus that carbon capture is going to be needed. And so we’re looking at technologies, electrochemical routes that instead of consuming power can actually generate power. That’s modular and so you get to scale by adding more modules instead of making things bigger.
Groton is on the agenda of the CT Green Bank meeting this Friday...
So, Eversource notified the winners yesterday of the CT REC rfp...
So are gaps are like a natural phenomenon or law of nature? Why does the crowd sourced price of a stock need to go back to certain levels? If its just what stocks do, then that makes no sense. For some reason, and trust me, I got caught too, the crowd decided it was worth a lot more than it was. I think our algorithmic overlords are comfortable with our new levels.
20 friggging vacant positions on their website.
The 13G that started this all should be on its way shortly....
Sorry to bother- do you know what was posted on the 18th - any updates?
Thank you - do you believe resolution of this case is required before other actions can take place?
Hey I do not have docket access. Do you know if the POSCO amended filing pushed the motion to dismiss decision timeline further out?
Only bond markets in US closed, stocks is open
There probably will have a hit piece about Beacon Falls soon. (old timer joke/lament)
sigh. dude. do some dd. Are the trucks delivering megawatts of electricity or using hydrogen to move the truck? FCE does power plants that produce hydrogen. Toyota does cars and trucks that use small fuel cells to use that hydrogen.
With a market cap of between 25 and 50 percent of FCE? Doubtful.
You can read that Posco says they have a 2.5 mw fc and FCEL has a 2.8 mw and write IR and ask like I did.
if you read the progress report, the SOFC at Clearway failed because the sulfer content of the input gas was too high. So not a failure.
And gosh, contributing $88k to get $3m in funding does not seem to be outside what they can afford.
https://www.sec.gov/enforce/33-10831-s
Former broker fined $1.5m and no penalty for FCEL.
This is big : https://www.sec.gov/divisions/corpfin/cf-noaction/2020/fuelcell-reg-a-reg-d-090320.pdf
Relief granted.
Finally, FuelCell may seek strategic partnerships based upon long-term value creation and alignment through the offer and sale of equity securities to such partners. The Company has done so repeatedly in the past, including separate strategic transactions in 2002, 2007, 2012, and 2014 (the latter two transactions having involved the placement of securities pursuant to Regulation D), and continues to seek such strategic partnerships. Investment and partnership opportunities in this industry are highly competitive and require quick response, negotiation, and closing. FuelCell will need to rely on Regulation D to offer timing that would be competitive with that provided by other similarly-situated alternative-energy companies to attract and close strategic partner investment opportunities. Strategic partners will require representations from the issuer that the issuance will be in full compliance with the securities laws, and the ability to rely on the Regulation A and Regulation D safe harbors, as opposed to the common law judicial interpretations of Section 4(a)(2), will expedite and facilitate FuelCell’s ability to provide those representations to the immediate satisfaction of its potential strategic partners. The ability to quickly close such transactions, without time-consuming consultation with counsel and possible legal opinions associated with reliance on Section 4(a)(2), will be essential for FuelCell.
According to google the workshop was on August 25
https://www.cpuc.ca.gov/WorkArea/DownloadAsset.aspx?id=6442465963
From a week ago. Interesting updates about what they could install in 2021...
Yes, and I am hoping the workers got to eat some submarine sandwiches. ??
Thanks for this. Helps me put together a few pieces of info I read.
Thanks for the info - their SOFC did seem to promise more than existing ones. Hopefully like the 7 year stacks, they get it sorted.
Unfortunately the developer pulled the planning application so any new project would have to start from the beginning ...
It is being added, having been removed last year. Google Russell 2000 additions.
So my guess is the following:
Generation costs were more than revenues and they did not provide explicit guidance other than they do not expect this to happen again. This was a negative surprise. Generation revenues should be higher for subsequent quarters.
I believe people were surprised by the $35m potential credit for general purposes (which is not currently used but will cost $1m). It is interesting that they did not mention another ATM to raise money. I wonder if they heard back from the SEC on this.
I really hope the money is going to be used for something surprising- perhaps they need to put in a large chunk of funding and stock (dream goal - to buy into Korea?)
Also Korea is a negative surprise because they are in arbitration and not currently receiving funds from KOSPO.
Owners of electricity generation projects that qualify as renewable under one of the three classes of Connecticut’s RPS receive one renewable energy certificate (REC) for every megawatt-hour (MWh) of electricity they produce. These RECs are tradable commodities that allow the environmental attribute of the renewable energy to be bought and sold separately from the energy commodity itself. A renewable generator can either contract to sell its energy — “bundled” with the accompanying attribute value directly to an electricity provider (usually at a premium above the wholesale electricity price), or it can “unbundle” the REC and the energy and sell them separately in regional wholesale markets.
Separate portfolio standards are required for energy sources classified as "Class I," "Class II," or "Class III.
In early June the CT PURA determined that since April 26, TRS Triangle has been a Class I renewable generator. I wonder if that has any tax or revenue implications. Link:
http://www.dpuc.state.ct.us/DOCKCURR.NSF/2b67041f3f12d444852569ff005bcf7c/b2c5e25253bdb9768525857c0068d1cb/$FILE/200516-060320.pdf
do you think the inclusion in the Russell 3000 will be helpful? The list is finalized on Monday, I believe with the rebalance taking place at the end of the month.
Is there an SEC-mandated quiet period before the vote?
In the same way that particulate deaths for kids is really not that big of an issue. Sure asthma deaths are really big around coal plants but thats the price we have to pay.
Corona kills off those with other conditions (and lots of others).
Both arguments rely on acceptable deaths because changing the system is too expensive. They die because of externalities caused by our way of doing things.
We found a couple of trillion for our GWOT but that also caused a lot of deaths over there. Lindsey Graham actually said people die overseas somwe dont have to die here.
That is why FCEL is a deal changer for the first. It is a better way of making power.
I hope more people reject your argument that the excess deaths are really just an externality. I imagine you might even calculate the savings to social security that these deaths cause.
Wait, sorry, I did some more SEC reading. So the next step will be a proxy filing asking for a vote by the shareholders- probablynat the same time as the quarterly. SCON has the show that their books have no more than a particular loss.
So what are we thinking? Next announcement will be the finalization of the merger - the 8k a little bit ago said they expect to finalize the sale of all their non-cooler tech around the end of the month.
my favorite part is the onsite car wash
You can find some interesting stuff on LinkedIn. They will probably scrub it but....
This profile suggests that their work with Exxon will create something more than the SureSource 3000.. Pay attention to what he describes as his work.
https://www.linkedin.com/in/kirk-arneson-91913a4/https://www.linkedin.com/in/kdengineer/
Lead engineer and manager for carbonate fuel cell Carbon Capture development with Exxon Mobil to build a completely new cell, stack, and module design, as well as catalytic heat exchangers, that will make molten carbonate fuel cells (MCFC), larger, better performing, and more cost effective at separating CO2 from large (500MW+) natural gas fired power plants, so that the CO2 can be sequestered instead of released into the atmosphere, all while adding additional power.
Another profile, and he has left FCE in October. But note the Alabama certification - that is where the Barry Plant was announced:
https://energyfactor.exxonmobil.com/news/fuel-cell-site/
https://www.linkedin.com/in/kirk-arneson-91913a4/
- Attained FCE’s California General Engineering Class A business license and Alabama Contractor’s License to allow FCE to continue work in those states
Agenda posted. Looks like it's not relevant for FCEL.
I use the google to search for CT Green Bank Committee meetings. I find the website. I click on the Deployment Committee. Voila!
There is no guarantee it's about FCEL, in fact probably not, but past meetings have involved FCEL and revealed useful information. I believe that The Green Bank had some interest in Triangle Street and Groton. Orion's 8k for Tulare mentioned taking Triangle Street as part of the deal/collateral (I dont know, not an expert).
I would say there is a 60 percent chance that it could also involve Groton or Triangle - who knows until we see the agenda.
DD is not really that hard. Look up other sites too - dig a bit.
For what it's worth there is a special meeting of the CT Green Bank Deployment committee next Thursday. No agenda posted yet...
I would add the following as sites that have had interesting information:
CT green bank
nyiso interconnection queue
Ferc site
Brookhaven IDA
Tulare city council
LinkedIn
the us patent site is interesting but I really dont see any causal connection to new patents and stock price movement.