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Posco Energy News
??????? ?? 11?1??? ??? ??????? ???? ??? ??? ?? ?? ?? ?????? ????. ?? ??? ?? ? ???? ??? ???? ???? ??? ?????? ?? ?? ??? ??? ??????? ?? 100%? ?? ???? ????.
http://www.aitimes.co.kr/news/articleView.html?idxno=119564
Awesome!!!
Another news article from Korea.
http://amenews.kr/news/view.php?idx=40287
A news article about Posco Energy
https://m.yna.co.kr/view/AKR20190826150000003
IMHO
If posco energy can not make boxes, they should buy them from fce.
I am expecting a good amount of replacement order sooner or later.
You may find an interesting paragraph in this link.
http://www.h2news.kr/news/article.html?no=7418
Agreed!
Omg. This is worse than trash.
Reasonable.
IMHO after remaining 4m this will be over a dollar.
IMO, the AH mess was hysteric.
I don't expect BK of this historic company and I expect new sales from SK.
Though, pps may undergo heavy fluctuation with new stocks poured into the market.
Read this Korean news.
Something may come.
http://news.mtn.co.kr/v/2019052012232151507
Korea is driving Hydrogen Economy.
Good for FCEL.
More news are expected.
An old news
http://www.korea.net/NewsFocus/policies/view?articleId=167343
Also they will use FCEL's CC tech someday.
Market cap comparison
FCEL 34 M
BE 1434 M
(src: Yahoo finance)
SOFC is coming.
CC is prospering.
And it is non-exclusive.
Expecting one or more of these
- new investment perhaps from korea where hydrogen economy agenda is being drived
- new non-exclusive license contract for cc
- new sales
Link please
Big shorts shall be squeezed.
Non-exclusive license contract is not bad for FCEL.
More license contracts may come.
Pump and dump by the exercisers? I hope it is just a manipulation.
Too sharp fall. Something wrong happened?
Another Big Contract news is coming from Korea?
Another company trying to capture CO2 with FC
http://www.origenpower.com/
https://www.ted.com/talks/tim_kruger_can_we_stop_climate_change_by_removing_co2_from_the_air
I hope that FCEL shall survive Trump presidency with the carbon capture technology.
http://kut.org/post/perrys-plan-would-subsidize-coal-and-nuclear-power-it-wouldnt-apply-texas
Don’t waste your time to wait for the next short chance.
Charts looks promising too.
I think this is ready to run.
Normal situation for any reviving companies.
Good luck with your position too.
Seems a good chance to cover a short position.
Great clip. Thanks a lot.
Wonderful technology!
What an innovation!
I hope this is not just a pump and dump.
Looks stable after the high jump.
POSCO Energy's selling may be a false rumor
http://www.businesspost.co.kr/BP?command=article_view&num=60169
google translation
---
POSCO Energy Strives to Evolve into Sales of Recurring Fuel Cell Business
The sale of the fuel cell business of POSCO Energy came to the surface again.
The fuel cell business seems to be a repeat of the sale, as Kwon Oh-joon has been expecting Kwon Oh-joon to point out that it is a growth engine,
? Yoon Dong-jun POSCO Energy CEO.
A POSCO energy official said on August 28, "We do not plan to sell the fuel cell business and there is no possibility of selling it."
POSCO Energy is considering selling the fuel cell business, which is reported in some media, but it does not consider selling the fuel cell business.
POSCO Energy participated in the 2017 Korea Energy Show held on September 19th and introduced fuel cells and showed enthusiasm for PR.
The sale of the fuel cell division was filed in November last year.
The investment banking industry has said that POSCO Energy has asked some companies and private equity companies to buy the fuel cell business.
Yoon Dong-jun, CEO of POSCO Energy, declined to sell the fuel cell business to private equity fund.
The fuel cell division seems to be steadily emerging as it is in a state of 'stoppage of opening of business' and the main cause of lowering overall performance.
Although POSCO Energy has entered the fuel cell business for the past 15 years this year, it has failed to meet the challenges of the fuel cell business.
Although POSCO President Kwon Oh-jun was in the spotlight as a growth engine at the time of his inauguration in 2014, POSCO Energy has not been able to get a job since it halted its fuel cell supply contracts from 2H05 to September this year.
POSCO Energy has seen a cumulative operating loss of more than 250 billion won in the fuel cell business, continuing its deficit march from 2014 to the first half of this year. In 2015 and last year, we lost more than KRW90 billion in operating losses in this business, and POSCO Energy is enormous in that it generates between 90 billion won and 100 billion won in total operating profit in the year.
? Fuel cell image for POSCO energy generation.
POSCO Energy's growing losses in the fuel cell business are due to technical problems in the fuel cell stack and the cost of compensating it. The stack is a generator body made by bundling individual cells, which is a key component of the fuel cell.
As POSCO Energy is in the position that it has solved all of the technical problems related to the stack, it seems that there will still be growth opportunities if we resume ordering.
The domestic fuel cell market is divided into POSCO Energy, which has a market share close to 80% and Doosan with a share of about 20%.
A POSCO energy official said, "We often compare Doosan and POSCO energy fuel cells in terms of competition, but in reality, the two companies have slightly different features of fuel cell products, and their areas of customer are slightly different." Unlike Doosan's fuel cells, POSCO Energy's fuel cells also have the ability to supply heat and steam.
Some power generation companies have also delayed plans to build fuel cell power plants to supply fuel cells from POSCO Energy.
Gyeonggi Province, Ansan City, Samchully, Korea West Power, and CJ CheilJedang are building a fuel cell power plant at the CJ CheilJedang factory site.
Fuel cells capable of supplying heat and steam can only be manufactured by POSCO. If POSCO Energy is not in the market, the power generation company has delayed the operation of the fuel cell power plant. As the demand for POSCO energy fuel cells remains, the growth momentum is still alive. [Business Post Lee Ji Hye]
<Copyright Holder © Business Post Reprint and redistribution prohibited>
Great clip.
U.S. energy secretary asks oil industry to study carbon capture technology
http://www.reuters.com/article/us-usa-oil-carboncapture/u-s-energy-secretary-asks-oil-industry-to-study-carbon-capture-technology-idUSKCN1C0310?utm_campaign=trueAnthem:+Trending+Content&utm_content=59c9da2204d301203ed855a4&utm_medium=trueAnthem&utm_source=twitter
I believe that's why FCEL directly penetrates the Asian market and therefore consider it as a signal to finalize bad old days.
I expect new hope such as XOM's taking some stake and doing carbon capture business.
Posco energy is trying to sell fuel cell business.
http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=004&oid=374&aid=0000141149
google translation
----
Among renewable energy, there is a fuel cell.
It is a device that produces electricity by the chemical energy that comes from combining hydrogen and oxygen, but it is characterized by no pollutant emissions.
POSCO Energy, a subsidiary of POSCO, is the No. 1 company in the field of fuel cells. The company decided to sell its fuel cell business.
Why does the new government have a policy that prioritizes renewable energy and sells its business units?
Jang Ji-hyun reports alone.
<Reporter>
POSCO Energy is the No. 1 company that accounts for 80% of the domestic fuel cell market.
However, as a result of the SBS CNBC report, the company confirmed that it is pursuing the sale of its business division.
An investment banking industry official said, "We are aiming to sell the fuel cell division by the end of this year. We are currently negotiating with a private equity fund manager as a preferred negotiator."
[POSCO official: It was right that it became a threat. In addition to the sale, we are in the negotiation stage with all possibilities open.]
In 2007, POSCO Energy entered into a fuel cell business that could produce electricity without pollution by utilizing hydrogen and oxygen to attract new and renewable energy market.
But the loss scale was snowballed.
The deficit, which was 51 billion won in 2014, has doubled to 90 billion won in the last two years.
A private equity firm with a 25% stake in POSCO Energy has continued to demand the sale of the fuel cell division, and POSCO, which is the largest shareholder, has gained a lot of profit.
[Yoon, Su-Yong; Researcher / Korea's corporate evaluation: The fuel cell business itself is highly likely to develop as a renewable energy source. Apart from the possibility of market growth, if a company has a constant financial burden, it can judge restructuring.]
The fuel cell business is a business area in which POSCO President Kwon Oh-jun in 2014 was expected to be regarded as a future growth engine in the inauguration ceremony.
The government has also announced a policy of expanding renewable energy to five times the current level by 2030.
However, despite the willingness of corporations and the government to grow, even the first-ranked companies are pointing out that it is necessary to worry about more realistic renewable energy policy because they can not overcome the deficit.
It is SBSCNBC Chang Ji Hyun.
Jiji Jang (nice@sbs.co.kr)
I hope you make a fortune here.
The technology could be licensed globally to help countries reach greenhouse-gas reduction targets, Cowen analyst Sam Margolin wrote in a note. “We view a successful launch of this technology, albeit in the outer years, as material to the outlook for natural gas demand,” Margolin said.
https://www.bloomberg.com/news/articles/2017-09-19/exxon-mobil-s-futuristic-fuelcell-carbon-capture-just-might-work?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo
Yes. It seems the game changer.