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November 13, 2017 - 05:00 PM EST
Fuel cell technology proves value in hurricane relief efforts
Sorry if the link doesn't transfer.
Anyone know when the Trinity College campus fuel cell is being installed it was announced in May. Adding more quarterly Revenue with each PPA. Before you know it will have a net positive just from PPAs. Then money won't be an issue. And when money is no longer an issue is when we are $100 a share. So I'm thinking sometime in 2019. Between 12 and 24 months. Good times are coming.
Ditto Basssque on both last posts. And yes that was the article I was referring to before (you copied to Google yesterday). Thank you. There has been some significant chart movement as just pointed out. Particularly the past 2 days in the latter part of the day. BLDP and Plug remained down while we turned positive. Several things surfacing within the next 9 days for sure and maybe more and maybe sooner. Obviously special meeting on the 14th and New RFP submission due by the 15th. Yes Beacon Falls will get done but that's just part of our success. We have the perfect storm. Way to hang tight longs!!
Read the last 2 paragraphs of this article "In August". Hope the link copied
Microgrids Keep These Cities Running When the Power Goes Out
InsideClimate News
After the fire, San Diego Gas & Electric won an $8 million grant from the U.S. Department of Energy to build a demonstration microgrid in the community. ... major snowstorm that October that left 750,000 homes without power for 10 days, Hartford built a fuel cell-powered microgrid that began operating in
https://www.google.com/url?sa=t&source=web&rct=j&url=https://futurism.com/toyota-power-plant-clean-energy-manure/amp/&ved=0ahUKEwio--K3oO_XAhUkhuAKHWixBn8QyM8BCMsBMAw&usg=AOvVaw1KtDZhwsTV5jGdSFwaH6qN&cf=1
If that link doesn't work I apologize. It's a follow up on the Toyota deal.
I can't wait to find out when they are going to do the conference call and announce earnings. Typically they announce and have conference call 2nd week of December. Last year they postponed it and announced in January because the knew they had nothing good to discuss in December. Anylists are expecting January but I'm hoping the do it right after the shareholders meeting. I don't understand how believers such as myself could not have been buying all along. I have accumulated every chance I get. Money deposited today, buying more tomorrow. I think I'll hold of buying anything after it crosses $2. If announcing in December they should have a news release stating such by week. Announcing in December should mean good news. As far as owning the projects or selling them, I think they should try a little harder to sell them if they can. Chip doesn't seem to care about the share holders short term. Which is good long term but very discouraging. Ultimately if we get the order we have no built within the next 2 years, we will skyrocket. A lot of wonder about how the deals are going to be funded. Ul
New project with Toyota. Just Google it if my link doesn't work. headlines for FCEL
View Print Version
More from GlobeNewswire
FuelCell Energy and Toyota Announce Renewable Transportation Fuel Project
FuelCell Energy Finalizes 7.4 Megawatt Utility Project to Power a Strategic Military Installation
FuelCell Energy SureSource Power Plant Using On-Site Anaerobic Digester Gas Achieves Certification for California Air Resources Board Distributed Generation (DG) Clean Air Standards
Referenced Stocks
FCEL 91% Rate It
FuelCell Energy and Toyota Announce Renewable Transportation Fuel Project
By GlobeNewswire, November 30, 2017, 11:00:00 AM EDT
Vote up AAA
FuelCell Energy to install fuel cell power plant at Port of Long Beach, California to generate renewable hydrogen and power
Toyota to purchase renewable hydrogen for fuel cell vehicle refueling
Power generated by the fuel cells will be sold to the grid under State of California Bioenergy Market Adjustment Tariff (BioMAT) program
DANBURY, Conn., Nov. 30, 2017 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq:FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced the execution of a hydrogen and power off-take agreement with Toyota, outlining an innovative collaboration in which Toyota will purchase renewable hydrogen for vehicle fueling generated on-site from a multi-megawatt SureSourceTM fuel cell power plant located at the Port of Long Beach in California. FuelCell Energy will install and operate a fuel cell power plant that will be configured for hydrogen production to generate and supply 100 percent renewable hydrogen for Toyota's fuel cell electric vehicles (FCEV's) and its heavy duty fuel cell Class 8 proof of concept truck. The fuel cell plant will simultaneously generate renewable power to be supplied to the grid under the California Bioenergy Market Adjustment Tariff (BioMAT) program. This fuel cell solution meets Toyota's fueling needs affordably and sustainably, while supporting the advancement of California's hydrogen fueling infrastructure and adhering to the state's mandate for utilizing low-carbon and renewable sources.
"Fueling our Proof of concept Semi-Truck, as well as our Mirai fuel cell electric vehicles with 100 percent renewable hydrogen from this stationary fuel cell system is a major accomplishment, and a key step in building a sustainable hydrogen ecosystem to help power Port operations," said Doug Murtha, Group Vice President - Strategic Planning, Toyota. "Toyota is a company dedicated to advancing sustainability, and this project supports our ongoing efforts to both eliminate carbon emissions and accelerate the development and adoption of emission-free fuel cell electric vehicles."
"This is an innovative and replicable global model for building an affordable hydrogen infrastructure to generate renewable transportation fuel that facilitates the wider adoption of fuel cell electric cars, trucks and buses," said Chip Bottone, Chief Executive Officer, FuelCell Energy, Inc. "We are pleased to provide Toyota with a flexible project structure that meets their needs both sustainably and economically."
FuelCell Energy's distributed hydrogen solution co-produces hydrogen and clean power from methane based fuels such as renewable biogas. The methane is reformed to hydrogen using water and heat produced by the fuel cell, resulting in clean hydrogen production without water consumption. In January 2016 the California Air Resources Board (CARB) certified a prospective pathway for hydrogen production with this technology fueled by biogas. CARB's team performed a complete Life Cycle Analysis (LCA) on the system and determined that it has a negative carbon intensity, as the power and hydrogen generation process is carbon-neutral due to the use of renewable biogas and the fuel cell waste heat is used to feed the internal reformation reactions.
The multi-megawatt SureSource HydrogenTM plant will be located at the Port of Long Beach, generating renewable hydrogen to fuel Toyota's Mirai vehicles as they arrive at the Port and its heavy-duty fuel cell Class 8 proof of concept truck.
Fuel cells utilize an electro-chemical process to convert a fuel source into electricity and heat in a highly efficient process that emits virtually no pollutants as the fuel is not burned. The combination of near-zero pollutants, modest land-use needs, and quiet operating nature of these stationary fuel cell power plants facilitates installation in urban locations where the power is used. Customers benefit with operating cost reductions delivered in a manner that supports sustainability goals and enhances power reliability.
Cautionary Language
This news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements with respect to Fuelcell's expectations regarding energy cost savings, overall system efficiency, expectation regarding the amount of power generation and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of FuelCell and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and FuelCell undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although FuelCell believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of FuelCell in general, see the risk disclosures in FuelCell's filings with the Securities and Exchange Commission.
About FuelCell Energy
FuelCell Energy (NASDAQ:FCEL) delivers efficient, affordable and clean solutions for the supply, recovery and storage of energy. We design, manufacture, undertake project development, install, operate and maintain megawatt-scale fuel cell systems, serving utilities, industrial and large municipal power users with solutions that include both utility-scale and on-site power generation, carbon capture, local hydrogen production for transportation and industry, and long duration energy storage. With SureSource™ installations on three continents and millions of megawatt hours of ultra-clean power produced, FuelCell Energy is a global leader with environmentally responsible power solutions. Visit us online at www.fuelcellenergy.com and follow us on Twitter.
SureSource, SureSource 1500, SureSource 3000, SureSource 4000, SureSource Recovery, SureSource Capture, SureSource Hydrogen, SureSource Storage, SureSource Service, SureSource Capital, FuelCell Energy, and FuelCell Energy logo are all trademarks of FuelCell Energy, Inc.
Contact:
FuelCell Energy, Inc.
Kurt Goddard, Vice President Investor Relations
203-830-7494
ir@fce.com
Source: FuelCell Energy
Source: FuelCell Energy, Inc.
This article appears in: News Headlines
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Lander, who is Chris Bielik? Do you know? If so, what is his job, how long has he been at his job? Next question, So if it does take 10 years for commercialization for CCS how much will they make in 10 years off it, let's say in the first full year? What will that do to the stock? What will be happening with the rest of their technology? What about the SOFC? How many units do you think they will have sold to South Korea? At 200 mw a year, what will the gross profit be? If you can give 1 answer and some sort of factual research or calculations I would be surprised. I'm not talking a statement of fiction or opinion. No omission of important details such as scaling up CCS in pieces at coal and gas plants. Or did you forget to mention the affordability of CCS with FCEL vs other current projects which cost a lot more money. And how about all the articles with professional investors talking about the higher efficiency of fuel cells and the availability of power from fuel cells vs wind or solar. Exactly what is the story on the Beacon Falls Energy Park. Have you spoke with Bill Corvo or chip about it? Any chance?? Can't wait to hear back. Please give me answers. Can't wait til next Thanksgiving to review them with you.
Wow whisky, you bought in a long time ago, then never accumulated more when it went down? Sorry to hear that. Buy in now and chop your price in half then you'll be profitable in less than 4 months. Otherwise it could be another 12-18 months. Which is still short compared to how long you've been in. Hang tight, good news coming within a month. Have a good weekend. Fuel Cell industry gaining a lot of traction and 4th quarter/annual report should push even more.
I hope everybody had a good holiday and I hope everybody has a good weekend. Less than three weeks till the special shareholders meeting. So I'm guessing Less Than 3 weeks till blast-off. Keeping my fingers crossed there's some sort of good news between now and the meeting or very good news at the meeting. Also hoping we will be somewhere between $3 a share and $5 a share before the end of December. Good luck once again to all.
Max, those 2 posts you refer to was me trying to copy the link but the link did not copy, just the words for the link. Prior to that I was posting entire articles and someone commented or complained about how long my post was. No biggie, not saying you are a judge or jury, but you did comment specifically to me. I do my diligence looking for news almost daily. I know I would like to be informed as quickly as possible when any developments arise potentially effecting FCEL and I try to update others with timeliness. I'm perfectly fine just reading and keeping findings to myself and sharing only with my friends that I have gotten into Fuel Cell.
Max
I will start by saying I apologize for my ignorance but it is not ignorance in regard to deviating from a previous request that I attach a link or post a link. I'm apologizing because apparently I'm not intelligent enough to figure out how to copy the link from my cell phone.Unfortunately I use my cell phone for all of my posts and for some reason I tried copying and pasting and it does not carry the link just all of the words. If you would prefer that I try not to pass on information will do. I am only trying to be helpful and I have been a loyal investor and FuelCell energy for over 10 years. I have thanked several people on more than one occasion for their input and for links that they have attached but I have also posted some pretty useful information on here myself. Now in regard to posting useful information I will give a suggestion to everyone. Simply Google Chris bielik. Then click on the local newspaper that has posts about him. If you read the last three posts about him you will see that he is a very get it done type of guy. And he is going to get Beacon Falls FuelCell energy Park done. It may take a year to get it started but he will get it done. Good reading and good night
Dan Haar: It's makeup time forFuelCell bids
CT Post
Danbury-based FuelCell Energy Inc. was iced out of the state's huge bid awards for long-term renewable energy contracts in October and November ...
???
Thanks Max. By next summer at the latest FCEL will be the highest price of the 3 and won't look back. Mr. Lander will then be moving on to other stocks with more volatility so he can trade. Mean time, great opportunity to accumulate under $2 and get a very quick 100% return.
Sorry for the delay fuel cell I only get to post once a day. I said something I shouldn't have about a month ago and I have no idea how long my restriction is.
42 hedge funds sold their entire positions in FuelCell Energy, Inc. (FCEL)
Post Analyst
FuelCell Energy, Inc. (NASDAQ:FCEL) went up to recover about 103.75% since recording its record low price of $0.80. The stock experienced ...
Is Stock's
Ty Max I notice a great contribution to FCEL being over sold and dropping as far as it did was due to 42 Hedge funds selling entire holdings. Way to steep of a drop on such low volume. Definitely going back up fairly quickly.
Again Me Lander, you comment only on something without giving all the details. What was the date that chip bottone said fuel cell is about 14 cents per kilowatt hour. Give me the exact date and reference. Because to my knowledge the range is between 11 and $0.12 without incentives. So give me your reference to prove that it is three to four times more expensive with incentives or without. Specific references please with date.
Check your numbers Mr Lander and the dates you got your numbers. Electricity where I live in Pennsylvania is anywhere between 6 and 10 cents per kilowatt hour. And the current projections for fuel cell energy is between 11 and 12 cents per kilowatt hour. Everyone knows electricity is based on what region you live in. In Sixth Sense isn't bad. So if we go with the best case scenario where I am and the worst case scenario on fuel cell it's two times as much. I'm not concerned about the cost per kilowatt-hour I'm more concerned about why the stocks taking a beating today on above average volume any news on that one. I see it as a great buying opportunity but there's no reason I can think of for the stock to be down 12%. Especially if it was after it was already down over the past week. No news doesn't help us because people are expecting a variety of good news. Again they are lacking in PR. Or there's bad news and that's why they are not reporting. I'm long anyway but it sure would be nice to get some sort of news.
I'm not a mathematician but I am pretty damn good at math and I'm not quite sure how anyone could translate the cost of fuel cells to being three or four times more than other energy sources. Maybe fuel cells in general or maybe at some point in time they may have cost that much but fuel cell Energy's trigeneration and carbon capture are competitive given the overall efficiencies with heat generation and less energy needed to utilize. The ignorance of some people or the reluctance to accept reality is sometimes astonishing. It's funny how people like to use only certain facts instead of all the facts seems almost political or childish. I'm not sure which would fit this situation better. They certainly omitted some of the facts. The facts are fuel cells continue to become more and more cost-effective and are more efficient and any other source of energy. Please show me facts that prove otherwise and please pretty please show me the math that states that it cost that much more to operate a trigeneration fuel cell or use a fuel cell for carbon capture creating more electricity then what the power plant that is using the carbon capture system generated. Most people on here use references or give specific examples or copy and paste articles to prove their point there's one person that doesn't seem to do that.
Good one Krays, don't remember reading that one Remember this one? FuelCell Energy: Clear Leader In Stationary Fuel Cell Applications ...
Benzinga › article
1) Look at how many shares each of the insiders own
2) if everyone could read and hear and watched the videos, 10 years is the potential time to get to scale world wide. If anyone has difficulty understanding that watch the video and listen.
3) did I not say it wouldn't stay below $2 long and would likely close over $2 today? Let's look at my post.
4) There is either news coming in the very near future or the very strong afternoon we had was based on the confidence in the existing owners or even potentially some people that actually took the time to do some research on all of the fuel cell companies and understand fuel cell is going to beat the numbers significantly when they report 4th quarter earnings
5) congrats to anyone who got more shares under $2.08. where else can you lock in a 50% minimum gain in less than 6 weeks with potential of up to 150%.
6) I put specifics out there everyone can look back at. And I may be off on projections but who isn't? What I can tell you I'll be correct about is that FCEL will be over $10 at some point within the next 58 weeks and possibly spike over $50 with the right developments.?? ??
I hope everyone has a great weekend and I sincerely mean everyone.
Perfect buying opportunity for The Perfect Storm. Those who wait will be too late. My guess is the traitors have already bought back in or are planning on buying back in at 11 will they may not reach. Will not be under $2 long and my guess is it will close over $2 today but we will find out soon enough won't we. Those risky Traders got what they wanted because of Plug Power which I was concerned about because they never hit their expectations. I am a bit surprised fuel saw one below $2 though even though it is only a penny. We will get Beacon Falls done by the spring. We will get Long Island done and have things in order before the spring. We will be estimates for the quarterly report. Those are all facts you can respond to when the time comes. High-end estimate for sales for the quarter is 31 million. The high-end earnings per share is a loss of $0.18. if we be both of those the stock will jump significantly and we will be on both ends substantially
Chris Bielik must read about Chris to understand he's not just a typical politician.
Bielik seeks third straight term
October 28, 2017 - Beacon Falls, Election, News, Top Stories - Tagged: Beacon Falls, Christopher Bielik, election - no comments
by Luke Marshall, Staff Writer
?
Beacon Falls Democratic First Selectman candidate Christopher Bielik is seeking his third term as first selectman. –LUKE MARSHALL
BEACON FALLS — As First Selectman Christopher Bielik aims for his third consecutive term in office, the 56-year-old Democrat has his eyes on seeing projects in motion come to fruition.
“I like the direction the town is going in,” Bielik said. “We have some good ideas we want to see through. The implementation of some of those are just starting. I want to see they how they actually play out in real time.”
One of those projects is finding an economic development coordinator to guide the town’s development efforts.
The town budgeted $35,000 this fiscal year to hire an economic development coordinator. In October, the Board of Selectmen voted to hire Connecticut Economic Resource Center, Inc. (CERC) on the recommendation of the Economic Development Commission. Under the agreement, CERC will develop a strategic economic development plan for the town.
“Taking an opportunity to have somebody whose job it is to actually do this and help us to understand what we are as a municipality, what the things are we have to offer, and then set an identity for ourselves and go and pursue that identity — that’s a new approach for us. We are excited about the possibility,” Bielik said.
Once CERC has completed its work, the town will either hire an individual or company to be the permanent economic development coordinator.
“We are starting, but it is just the initial phases right now, and I want to see what direction it will go in,” Bielik said.
Bielik, who is married with one child, served in the U.S. Navy for 22 years before retiring with the rank of commander in November 2004. He was elected to the Board of Selectmen in 2011 and won the race for first selectman against incumbent Republican Gerard Smith in 2013. Bielik, who served on the Conservation Commission and the Board of Finance prior to 2011, ran unopposed in 2015.
Bielik will not be unopposed this year as Republican Ken George, a political newcomer, is challenging him. The election is Nov. 7.
Aside from the economic development project, Bielik said he wants to keep moving forward with paving roads throughout town including the Hill District, which is one of the oldest neighborhoods in town and includes Wolfe Avenue and Maple Avenue.
The town’s wastewater treatment plant is also in need of major upgrades. Bielik said he would explore ways to upgrade the plant that don’t require the full reconstruction of the plant.
Bielik did not say exactly which upgrades he was looking at but said the town has been eyeing a number of operational upgrades that would help improve efficiency.
Bielik said many of the projects the town could move forward with would require state funding — something that is a big question mark as the state deals with a budget deficit. As of Tuesday, the legislature hadn’t adopted a state budget.
“Until we have a better idea of what is going on, everything we’d like to do is all pipe dreams. I am waiting to see what is coming out of Hartford before I can actually know what are the resources I am going to have on hand to be able to try and do stuff,” Bielik said.
Bielik said even the day-to-day operations of the town that don’t rely on state funding can be impacted if Gov. Dannell Malloy’s plan to make towns pay for a share of the payments for teacher pensions, which the state covers completely now.
“My plan is to not tax the people of Beacon Falls for a bill we didn’t generate ourselves,” Bielik said. “If it turns out that we end up getting a bill for this thing, I will take a close look on our part to see if that is a bill we can pay without impacting the people of Beacon Falls.”
The town faced its own issues when it came to crafting a budget for this fiscal year.
Due to a property revaluation, the town’s 2016 net grand list decreased $25.1 million. The decrease in the grand list coupled with increases in town spending and the Region 16 Board of Education budget led the mill rate to increase 3 mills to 35.9. Region 16 oversees schools in Beacon Falls and Prospect, and the school budget is separate from the town’s spending plan.
The increase in the mill rate hit residents of Chatfield Farms, a 55 and older community, the hardest because their property values increased following the revaluation. That combined with the mill rate increase meant significant increases in their tax bills.
The town and administration came under heavy criticism from Chatfield Farms residents for the revaluation and the mill rate increase.
Bielik said the town is working to increase the grand list, which will subsequently lower the mill rate, through actions like hiring an economic development coordinator.
“Attracting more business is the easiest way for us to build that grand list,” Bielik said.
Bielik said the town is still working to make the proposed Beacon Falls Energy Park, a 63.3-megawatt fuel cell project, a reality.
The plan is for the fuel cell park to be built on a 23.8-acre former stone and gravel quarry site owned by O&G Industries on Lopus Road. O&G, based in Torrington, is managing the project under the name CT Energy & Technology.
If built, it would be a boon for tax revenue in town. However, the plan has been stalled for the past year as CT Energy & Technology works to obtain financing.
However, the project can be built in smaller pieces and still bring tax relief to the town, Bielik said.
“It may not be the entire segment all at once, but building something like that in town in some form is something that will have a net-positive impact on the overall grand list reduction we had. It will certainly help mitigate and smooth out and generate some revenue for us like we had originally planned,” Bielik said.
Bielik pointed out that the state recently passed legislation calling for the purchase of 150 megawatts of fuel cell energy. Since the Beacon Falls Energy Park was originally proposed to be built in phases, it would be easy for the company to just build one phase, he said.
When voters head to polls on Nov. 7, Bielik encouraged them to look at his record when making a decision.
“I think all you have to do it look at the last four years. There is a proven track record of success there. The way we have been managing this town is at least as good, if not better, than it has ever been run in the history of this town,” Bielik said.
Bielik pointed to the town’s bond rating, which has risen from non-existent to AA — two steps below the highest ranking offered by both Standard & Poor’s Financial Services LLC and Fitch Ratings.
“That tells me that somebody who is independent and looking out for investors view us as a good risk, that we are doing this the right way here. I am really proud of that actually,” Bielik said.
Bielik said that serving as the commanding officer of a naval base adds to his experience.
“You have the same kind of day-in and day-out routine and non-routine occurrences you have to be able to react to. I did that successfully in one career already and I have transitioned into doing in this one now,” Bielik said.
With all the uncertainty in Hartford, Bielik said now is the time for someone with experience to lead the town.
“I think that, given the tremendous amount of uncertainty, to go with somebody that has hands-on experience and a background in this type of work, now more than ever, is the time where you need somebody like that. Bringing a novice into this position who has absolutely no prior experience doing anything of this sort, this is the worst possible time to be looking at going in that direction,” Bielik said.
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Bielik won in Beacon Falls. He said he was going to make sure some of these current business proposals that would bring significant tax revenue to Beacon Falls would get done if he got re elected. Let's see.
Everyone should check out FCEL. By December 15 will break $4, only $2.17 right now. Good hunting
Bravo Max, thank you. You said exactly what I was saying only with the specific reference point that has obviously specific details. I paraphrase and apparently certain people don't believe either. Time will tell and the non-believers will miss out. And the people who are acting like there are non-believers they're just trying to play the stock up and down will make a little bit of money but through a lot more work than the longs like me and I'm assuming you. 2018 is going to be a good year 2019 is going to be retirement.
We will already be making billions of dollars before carbon capture is bringing in any substantial Revenue. But we are going to be producing hundreds of megawatts a year within the next two years for carbon capture. We are also going to need to expand the company once again within the next few years once we do start getting larger orders for the carbon capture. The company is doubling in size over 2 to 3 year. Then we'll need to double in size again shortly after that. When carbon capture is ready to go to scale they will need to double in size once again. So in 10 years our company will be at least five to six times the size of what they are now. Please don't forget that video is from June of 2016 in carbon capture has made significant progress since then hence the commercials.
November 3, 2017, 1:00 AM EDT
Corrected November 3, 2017, 1:04 PM EDT
Oil major unlikely to commercialize projects in next decade
Company is focusing on basic research in laboratories
0:00
The Coming Storm of Climate Change
The Coming Storm of Climate Change
One of the world’s biggest oil companies is working on hundreds of low-carbon energy projects, from algae engineered to bloom into biofuels and cells that turn emissions into electricity.
The work by Exxon Mobil Corp. includes research on environmentally-friendly technologies in five to 10 key areas, according to Vice President of Research and Development Vijay Swarup. While any commercial breakthrough is at least a decade away, Exxon’s support for clean energy suggests the world’s most valuable publicly-traded oil company is looking toward the possibility of a future where fossil fuels are less dominant.
While Exxon has discussed some of its research before and runs advertisements about its work in algae, the remarks from Swarup are the first indication of the breadth of the oil company’s interests in alternative energies. It’s part of the $1 billion a year Exxon spends on research worldwide and the $8 billion it has spent since 2000 researching, developing and deploying low-carbon technologies.
“These areas are massively challenging, and if we can solve those, they will have huge impacts on our business,” said Swarup in a phone interview. “We bring more than money. We bring the science, the commitment to research.”
Exxon didn’t disclose the exact amount it’s spending on the green technologies. The broader investments it has made since the beginning of the century also include things like managing methane emissions from oil wells, on co-generation and on making its plants more efficient.
The company joins a growing list of oil majors hedging against the wider adoption of renewables, which could displace some 8 million barrels of crude demand a day, according to Bloomberg New Energy Finance. Some companies, like France’s Total SA, have made acquisitions to enter the business. Others, like Royal Dutch Shell Plc, are using experiences from running offshore rigs to develop wind farms in the North Sea.
Big Oil Is Investing Billions to Gain a Foothold in Clean Energy
Based in Irving, Texas, Exxon said its approach is different because its focusing on science, Swarup said. It has joined with about 80 universities and is collaborating with smaller companies on research.
Projects it’s working on include:
Algae biofuels: Exxon is planning to harvest algae in ponds or oceans around the world and process it into a biofuel for regional distribution. Swarup expects that it will first be blended with diesel and jet fuel, but the goal is to eventually sell a 100 percent algae-derived fuel.
Biodiesel made from agricultural waste. The company is working with Renewable Energy Group Inc. to use microbes to convert inedible crop residue like corn husks into biofuels. The two companies began their collaboration in 2016 and recently extended their joint research program.
Carbonate fuel cells: Most fuel cells generate electricity by reacting chemically with natural gas or hydrogen. These ones use carbon dioxide. Exxon and FuelCell Energy Inc. are researching how the devices can be used in carbon capture and storage and to generate electricity at the same time. It’s building a pilot plant within a few months and is working on the engineering of the facility now.
Process intensification: Exxon is working with Georgia Institute of Technology to develop a more efficient way of refining crude oil into plastic. It involves using a membrane and osmosis rather than heat. Exxon is targeting carbon dioxide emission reductions by as much as half with the process.
“We are still 10 plus years away” for both the algae biofuels and carbonate fuel cells to be deployed at scale, according to Swarup, who said the company’s been focusing research on algae for eight years.
Swarup’s biggest priority is finding and developing projects that can be scaled to Exxon’s global reach. The company operates on six continents and had revenues of $198 billion last year, bigger than the combined economies of Qatar and Kuwait, two members of the Organization of Petroleum Exporting Countries.
“The common denominator when we’re looking at from a research standpoint is that we understand our role as a corporation and that is scalable solutions,” Swarup said.
“Oil and gas companies tend to consider other elements of an investment beyond just the short-term revenue potential,” said Rick Wheatley, executive vice president of new growth at Xynteo Ltd., a consultancy that advises Shell, Statoil ASA and Eni SpA on sustainability and long-term planning. “They may be more likely to see technologies as pieces that can be combined into larger products or solutions and therefore have higher tolerance for early stage and experimental ideas.”
(Corrects first and third paragraphs to clarify research spending figures.)
Before it's here, it's on
Some will see the 10 years out, others will see the last part which reitterating what chip said about starting in pieces meaning hundreds of megawatts not thousands. That may start by 2019!!
Ballard does have their own message board and the stock has been doing very well but they're going to make nowhere near the money that fuel cell energy is. And although I agree that any good news for the fuel cell industry is generally good news however the stocks have started to perform more independently of each other based on the news that comes out. I'm a little bit concerned about the earnings report for Ballard and Plug, particularly the latter because they continuously disappoint significantly. Ballard usually has mixed reports.
Primarily just hoping there is some progress regarding at least a few issues that were supposed to progress by fall or before the end of the quarter/fiscal year.
And Chip isn't going to make us wait til December to find out about it. 1)Deliveries to S. Korea 2)Amended agreement with Posco 3)Oil Sands 4)Financial structure for LI awards 5)Run rate and status of facility expansion. 6) Hiring more employees. If we are locked in on production of 1.5 Billion in new sales we need to hire and ramp up production before December meeting.
I am a chart guy. I've been pretty good at reading the charts and seeing where the stocks are going to go sometimes I'm off on time a little bit but still pretty accurate with my projections. This stock would not have shot up to a dollar 30 if didn't have the potential to get back close to that without much other good news. I would stake ton of money that the stock will run well up over $1 to at least $1.2 at some point by the new year. I'm also very confident that the stock will get at least $1.5 (maybe a little higher) within the next 6 months at some point. I just can't put any more money into it because I am all in on another stock that's going to at least double before the new year? I need to wait until December 15th to see what happens with that stock. And that point if Bonton is still under a dollar I may very well double down or even more than that. Anyway I see at least a 100% gain at some point in less than 6 months based on the chart history. If you don't believe me you don't need to make rude comments. We can simply wait 6 months and see.
Microsoft should just buy Fuel Cell Energy 's fuel cells based on what they claim their fuel cells will cost them they would save money. They claim 45 million dollars 410 megawatts. We could give them an average of 3 million per megawatt if they were to invest a substantial amount of money. Gates is got to be smarter than that. Unless they're planning on selling fuel cells also and they want to make a good margin.
And exactly what time will that happen
Definitely a buy under $1.10 no risk of going back under $1 before the new year at this point for more than a day.
Fwd: Falls Democratic First Selectman candidate Christopher Bielik is seeking his third term as first selectman. –LUKE MARSHALL
BEACON FALLS — As First Selectman Christopher Bielik aims for his third consecutive term in office, the 56-year-old Democrat has his eyes on seeing projects in motion come to fruition.
“I like the direction the town is going in,” Bielik said. “We have some good ideas we want to see through. The implementation of some of those are just starting. I want to see they how they actually play out in real time.”
One of those projects is finding an economic development coordinator to guide the town’s development efforts.
The town budgeted $35,000 this fiscal year to hire an economic development coordinator. In October, the Board of Selectmen voted to hire Connecticut Economic Resource Center, Inc. (CERC) on the recommendation of the Economic Development Commission. Under the agreement, CERC will develop a strategic economic development plan for the town.
“Taking an opportunity to have somebody whose job it is to actually do this and help us to understand what we are as a municipality, what the things are we have to offer, and then set an identity for ourselves and go and pursue that identity — that’s a new approach for us. We are excited about the possibility,” Bielik said.
Once CERC has completed its work, the town will either hire an individual or company to be the permanent economic development coordinator.
“We are starting, but it is just the initial phases right now, and I want to see what direction it will go in,” Bielik said.
Bielik, who is married with one child, served in the U.S. Navy for 22 years before retiring with the rank of commander in November 2004. He was elected to the Board of Selectmen in 2011 and won the race for first selectman against incumbent Republican Gerard Smith in 2013. Bielik, who served on the Conservation Commission and the Board of Finance prior to 2011, ran unopposed in 2015.
Bielik will not be unopposed this year as Republican Ken George, a political newcomer, is challenging him. The election is Nov. 7.
Aside from the economic development project, Bielik said he wants to keep moving forward with paving roads throughout town including the Hill District, which is one of the oldest neighborhoods in town and includes Wolfe Avenue and Maple Avenue.
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The town’s wastewater treatment plant is also in need of major upgrades. Bielik said he would explore ways to upgrade the plant that don’t require the full reconstruction of the plant.
Bielik did not say exactly which upgrades he was looking at but said the town has been eyeing a number of operational upgrades that would help improve efficiency.
Bielik said many of the projects the town could move forward with would require state funding — something that is a big question mark as the state deals with a budget deficit. As of Tuesday, the legislature hadn’t adopted a state budget.
“Until we have a better idea of what is going on, everything we’d like to do is all pipe dreams. I am waiting to see what is coming out of Hartford before I can actually know what are the resources I am going to have on hand to be able to try and do stuff,” Bielik said.
Bielik said even the day-to-day operations of the town that don’t rely on state funding can be impacted if Gov. Dannell Malloy’s plan to make towns pay for a share of the payments for teacher pensions, which the state covers completely now.
“My plan is to not tax the people of Beacon Falls for a bill we didn’t generate ourselves,” Bielik said. “If it turns out that we end up getting a bill for this thing, I will take a close look on our part to see if that is a bill we can pay without impacting the people of Beacon Falls.”
The town faced its own issues when it came to crafting a budget for this fiscal year.
Due to a property revaluation, the town’s 2016 net grand list decreased $25.1 million. The decrease in the grand list coupled with increases in town spending and the Region 16 Board of Education budget led the mill rate to increase 3 mills to 35.9. Region 16 oversees schools in Beacon Falls and Prospect, and the school budget is separate from the town’s spending plan.
The increase in the mill rate hit residents of Chatfield Farms, a 55 and older community, the hardest because their property values increased following the revaluation. That combined with the mill rate increase meant significant increases in their tax bills.
The town and administration came under heavy criticism from Chatfield Farms residents for the revaluation and the mill rate increase.
Bielik said the town is working to increase the grand list, which will subsequently lower the mill rate, through actions like hiring an economic development coordinator.
“Attracting more business is the easiest way for us to build that grand list,” Bielik said.
Bielik said the town is still working to make the proposed Beacon Falls Energy Park, a 63.3-megawatt fuel cell project, a reality.
The plan is for the fuel cell park to be built on a 23.8-acre former stone and gravel quarry site owned by O&G Industries on Lopus Road. O&G, based in Torrington, is managing the project under the name CT Energy & Technology.
If built, it would be a boon for tax revenue in town. However, the plan has been stalled for the past year as CT Energy & Technology works to obtain financing.
However, the project can be built in smaller pieces and still bring tax relief to the town, Bielik said.
“It may not be the entire segment all at once, but building something like that in town in some form is something that will have a net-positive impact on the overall grand list reduction we had. It will certainly help mitigate and smooth out and generate some revenue for us like we had originally planned,” Bielik said.
Bielik pointed out that the state recently passed legislation calling for the purchase of 150 megawatts of fuel cell energy. Since the Beacon Falls Energy Park was originally proposed to be built in phases, it would be easy for the company to just build one phase, he said.
When voters head to polls on Nov. 7, Bielik encouraged them to look at his record when making a decision.
“I think all you have to do it look at the last four years. There is a proven track record of success there. The way we have been managing this town is at least as good, if not better, than it has ever been run in the history of this town,” Bielik said.
Bielik pointed to the town’s bond rating, which has risen from non-existent to AA — two steps below the highest ranking offered by both Standard & Poor’s Financial Services LLC and Fitch Ratings.
“That tells me that somebody who is independent and looking out for investors view us as a good risk, that we are doing this the right way here. I am really proud of that actually,” Bielik said.
Bielik said that serving as the commanding officer of a naval base adds to his experience.
“You have the same kind of day-in and day-out routine and non-routine occurrences you have to be able to react to. I did that successfully in one career already and I have transitioned into doing in this one now,” Bielik said.
With all the uncertainty in Hartford, Bielik said now is the time for someone with experience to lead the town.
“I think that, given the tremendous amount of uncertainty, to go with somebody that has hands-on experience and a background in this type of work, now more than ever, is the time where you need somebody like that. Bringing a novice into this position who has absolutely no prior experience doing anything of this sort, this is the worst possible time to be looking at going in that direction,” Bielik said.
Go bielik!!
Jack, can you please tell me your prognosis on the November 7th vote? And if Bielik wins, given the fact that Governor Malloy wants the project done and Bielik wants it done, what's your thought? Only about 6 weeks til blast off I think!!
Let's assume you are right Jack. It is Jack correct? That means we are not selling more stock? But let me ask you Jack since you know so much inside news and technicals. Why did the stock go from under $2.10 all day until 3:45 ish to $2.15 then at 4pm tick up to $2.17, then got to $2.20 in short time after market close Friday? Any idea? And good catch once again pointing out we have an affiliation with 3 of the largest companies in the world. That's one of the best finds by the FCEL followers yet, huge in the grand scheme. And 1 final question, again knowing so much, you wouldn't be able to tell me the total revenue for the fourth quarter and Earnings per share for the quarter would you. Or at least a hypothesis on them. That will show everyone you are the master of inside knowledge and real status' for now and forever. After all, we will all know on Friday December 15. You could at least give us some answers by December 1 to help us out, right? And finally a hypothesis on PPS for December 15. Thanks for you help Jack. It's great having someone like you helping us out. TTYL.
FCEL special meeting Thursday December 14, 4pm NYC. Proxy to increase shares. My guess is offering price of $2.5 or greater to raise cash for LI or possibly even Beacon Falls. They resubmitted for Beacon Falls project this spring after Conn passed the bill for up to 100 MW of fuel cells. I'm going to the meeting. Should be over $4 a share by then.
http://www.cosia.ca/molten-carbonate-fuel-cells.
http://www.cesarnet.ca/blog/slashing-alberta-s-ghg-emissions-fuel-cells-oil-sands.
There's your answer for the Canadian oil sands fourth-quarter release coming anytime.
Massive Graphite Shortage Looms Over Electric Car Future - PR Newswire
PR Newswire › news-releases › massive-g...
Musk isn't going to like that. Fuel Cells will prosper. Perfect storm brewing for fuel cells. There is also an article about dusan getting a huge deal in South Korea. It's unfortunate that it wasn't Fuel Cell Energy but any good news about fuel cells is good news in general. Way too many people way too many institutions way too much money invested in fuel cells to back out now. Perfect Storm. Getting ready to roll quickly for a long period of time. And many non-believers are going to miss out. Beacon Falls budget agenda includes review old news and O & G property. Does o&g own any other property in Beacon Falls besides the proposed energy Park location?? Do you know the answer Jack? And I apologize to everyone for the lengthy posts but unfortunately I'm still limited and how often I can post on here indefinitely.
FYI for those of you who want to try to trade instead of just staying long having faith in the stock Green Bank is in Jeopardy of closing which would create problems with any projects they have funded. Connecticut legislators came up with that as a last minute thought trying to Crunch their budget which is already running behind. However Governor Malloy is very against it as well as a couple of companies that have projects from Greenbank including fuel cell.
Im going to feed his dream. Either way this isn't an Exxon board! Thanks again Jack for reitterating FCEL has contracts with the 2nd largest and 4th largest companies is the world as well as with Exxon Mobile. And by the way that video that we all saw recently from June of 2016 with Vijay and chip talking about why they are now going public with the carbon capture fuel cell technology was from June 2016. When asked why they were going public with it Vijay very clearly said they generally don't go public with something until they are fairly confident that it's going to work because they have so many projects going on. And again that we back in June of 2016. In case nobody's noticed they have three commercials now promoting fuel cell carbon capture with Fuel Cell Energy specifically. Which means they have gained yet more confidence. Vijay also made it clear as the chip once they have confidence in the development and testing of the system they will speed up commercialization. And they also made it very clear the commercialization for this technology means thousands of Mega watts. That does not mean that they won't do 100 megawatts in segments prior to getting to the commercialization stage. So we could very easily see more orders from Exxon Mobil or other people within the next 6 to 12 months. I would actually expect a follow-up order from Exxon Mobil at the very latest by sometime next spring if testing is going well at the berry plant. Maybe then people will take a serious look and the stock we get the recognition that it deserves. Another factor to consider is most of the fuel cells we are selling get a 20 year maintenance contract added to the regular income sheet. Which will also happen for the 20-megawatt plant being installed in South Korea for much of 2018. Intern driving the EBITDA down further. This is all going to snowball much quicker than any of the current analysts are expecting. I will maintain my $12 price Target for next December but I believe that may actually be light. And I'm thinking substantially light but we will know more by mid-December.
Awesome post Jack. You noticed E.ON Germany is #2 in the world and Korea Electric Power is #4, both alligned with FCEL. That's some of the strongest encouragement I've seen. So not only Exxon but even 2 bigger companies.
Thanks Jack that was awesome PR.
The following is one article forwarded to me from Kurt Goddard when I emailed him about PR.
http://news.cmlviz.com/2017/10/21/breaking-fuelcell-energy-inc-nasdaq-fcel--stock-through-resistance--technicals-hit-extreme-strength.html
This is not a one-and-done. Yes it is sustainable 11.2 megawatt operating asset is not going away for 20 years and we have just added 7.4 more to it. we are also going to be adding more to that once we figure out how we're going to break up 39 megawatts in Long Island. We are expecting at least another 20 megawatt order in the very near future from South Korea. And as chip stated before part of that 39 megawatt deal in Long Island would likely go to straight sales. We cannot have more orders put in the backlog when we already have a sufficient back long to keep operations moving. I'm certain we will see production ramping up before the December annual conference call. If not then I'm certain they will identify the ramping up process during the conference call. If they have one more order solidified before December then I'm certain they're going to ramp up production to more than the required 45 megawatts a year to reach EBITDA, but then we will also have the 18.6 megawatts of operating assets with more being added to backlog for that also. We will have a minimum of 18.6 megawatts operating assets for the bulk of if not all of 2018. That takes care of almost one-third of what we need to be even. So if our run rate is even 35 megawatts for 2018 which is a drop in the bucket then we are at a net-positive year.
Most likely if there is one quarter that we are not in that positive it would probably be the first quarter. Certainly being on this message board you are either reading all of the news and are aware of all of the news or you are uninformed. If you are uninformed then you have no legitimacy and putting a price Target which is 25% below the three most recent analyst targets of $4. If you hang on tight and pay attention you will see at least one analyst come out before the end of the year with a much higher price Target. After all they are 12-month price targets. My price Target is $12 by next December. And that is not banking on people speculating about carbon capture. Carbon capture is still speculation. Unfortunately but it is. The rest of their technology however is not and it is far from a science experiment. Don't get me wrong I believe in carbon capture and that it is working but it's still speculation to buffet and Kramer. Certainly being on this message board you are either reading all of the news and are aware of all of the news or you are uninformed. If you are uninformed then you have no legitimacy and putting a price Target which is 25% below the three most recent analyst targets of $4. If you hang on tight and pay attention you will see at least one analyst come out before the end of the year with a much higher price Target. After all they are 12-month price targets. My price Target is $12 by next December. And that is not banking on people speculating about carbon capture. Carbon capture is still speculation. Unfortunately but it is. The rest of their technology however is not and it is far from a science experiment. I am a chart guy. Charts tell a big story and many people believe the same. This stock was valued at well over $10 a share on almost complete speculation. That was well before chip announced that they have moved from a R&D company to commercialization. We are clearly in commercialization and unfortunately there are a lot of people that don't know that or refuse to accept it. But when people do know it and they do accept it it will be far greater than $10 a share. I'm guessing anywhere between 15 and $20 a share is actually more realistic once we have had a couple of good quarters. We should have a couple of good quarters between now and next summer. Some of the Skeptics are still Skeptics because they don't understand how we are going to build the Business Without cash. Chip has done a fabulous job relatively speaking except for the fact that I think he's a little behind on hiring a PR person and getting news out there more promptly. I did email him the other day and we got to news reports shortly after that.