Saturday, October 14, 2017 6:06:51 PM
The fruits of this collaboration was significant enough for Exxon/FCEL to formally announce their partnership in 2014. They hold patents together, along with the DOE, and FCEL owns 90% of the global patents for MCFC's (molten carbonate fuel cells), which are the fuel cell of choice for carbon capture.
With FCEL having a market cap of approximately $132 million, and the technology proven through numerous applications with the DOE on many fronts, and in the lab with ExxonMobil regarding carbon capture significant enough to announce the partnership (along with joint engineering on Southern's coal plant), if a buyout was contemplated by Exxon, why haven't they?
FCEL just raised $15M in an offering and $33M in convertible A shares...thats $48M, representing 50% of FCEL's market cap at the time!
Why didn't ExxonMobil buy them out then....or at least take a huge equity stake and finance FCEL instead of the offerings?
I honestly regret not saving the article, and I have searched and searched for it numerous times....I read Vijay Swarup, who is I believe the lead scientist for carbon capture at Exxon, state early on, "We (ExxonMobil corporate culture) are not interested in buyouts, but rather partnerships with innovative energy companies around the world."
We'll see.
Recent FCEL News
- FuelCell Energy Reports Third Quarter of Fiscal 2024 Results • GlobeNewswire Inc. • 09/05/2024 11:30:00 AM
- U.S. Index Futures Steady Amid Labor Data Anticipation; Oil Prices Rise • IH Market News • 09/05/2024 10:13:05 AM
- FuelCell Energy Participates in Panel Discussion on Scaling Technologies in Hydrogen Production at Investing in Green Hydrogen 2024 • GlobeNewswire Inc. • 09/04/2024 07:10:11 PM
- FuelCell Energy Announces Third Quarter of Fiscal 2024 Results Conference Call on September 5, 2024 at 10 A.M. Eastern Time • GlobeNewswire Inc. • 08/27/2024 12:00:00 PM
- FuelCell Energy Announces Major Clean Fuel Fund Support for eFuel Projects in Canada • GlobeNewswire Inc. • 08/22/2024 01:20:25 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 08/20/2024 12:01:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/20/2024 12:00:13 PM
- FuelCell Energy, Inc. Announces Special Stockholder Meeting • GlobeNewswire Inc. • 08/20/2024 12:00:00 PM
- FuelCell Energy to Show Industry How to Sustainably Create CO2 at World Brewing Congress • GlobeNewswire Inc. • 08/15/2024 12:00:00 PM
- FuelCell Energy Marks a Significant Milestone in Korean Market Expansion • GlobeNewswire Inc. • 07/11/2024 12:00:00 PM
- FuelCell Energy to Help Power UConn’s Innovation Drive Towards 2030 Carbon Neutrality with Solid Oxide Fuel Cells on Storrs Campus • GlobeNewswire Inc. • 06/25/2024 12:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/10/2024 11:40:39 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/10/2024 11:35:16 AM
- FuelCell Energy Reports Second Quarter of Fiscal 2024 Results • GlobeNewswire Inc. • 06/10/2024 11:30:00 AM
- US Index Futures Drop Ahead of FOMC Decision, Oil Prices Inch Up • IH Market News • 06/10/2024 11:23:30 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/06/2024 08:05:38 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/30/2024 08:15:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/28/2024 08:15:21 PM
- FuelCell Energy and Gyeonggi Green Energy Announce Agreement for Purchase of Fuel Cell Modules and Service Agreement for World’s Largest Fuel Cell Power Platform • GlobeNewswire Inc. • 05/28/2024 04:46:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:42:32 PM
- FuelCell Energy Announces Second Quarter of Fiscal 2024 Results Conference Call on June 10, 2024 at 10 A.M. Eastern Time • GlobeNewswire Inc. • 05/22/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 09:23:12 PM
- FuelCell Energy and Toyota Motor North America Celebrate Launch of World's First "Tri-gen" Production System at the Port of Long Beach • GlobeNewswire Inc. • 05/02/2024 11:30:00 AM
- FuelCell Energy and Toyota Motor North America Celebrate Launch of World's First 'Tri-gen' Production System at the Port of Long Beach • PR Newswire (US) • 05/02/2024 11:00:00 AM
- Tyrone Michael Jordan Appointed to FuelCell Energy’s Board of Directors • GlobeNewswire Inc. • 04/29/2024 09:01:32 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM