Tuesday, May 21, 2019 4:25:57 AM
Let me just piece something together for all FCEL followers on Carbon Capture. Follow the dots, and the money.
March 7, 2019 Conference call transcript, Chip Bottone.
https://seekingalpha.com/article/4247054-fuelcell-energy-inc-fcel-ceo-chip-bottone-q1-2019-results-earnings-call-transcript?page=4
"We are now transitioning to the development phase of our Generation-1 solution expanding to industrial applications and larger systems. You can now start to think about using this solution for reducing CO2 from any exit gas stream. This expanded industrial market, which historically had limited solutions for de-carbonization accounts for roughly one-third in the global CO2 emissions.
Additionally, we have developed the expertise and sound and objective experience to execute project and plant feed studies. Feed studies determine the specific application parameters and expected results. Feed studies are used for project development and execution of all-sized projects. We are working on scaling this technology, making it ideal for large scale carbon capture."
Key words to note: FEED Study
On March 14, 2019 DOE announced $30M opportunity for Carbon Capture "FEED study". There's those words again.
https://www.energy.gov/articles/us-department-energy-announces-30-million-front-end-engineering-design-studies-carbon
"U.S. Department of Energy (DOE) announced up to $30 million in federal funding for cost-shared research and development (R&D) for front-end engineering design (FEED) studies for carbon dioxide (CO2) capture systems. The projects, funded by the Office of Fossil Energy’s Carbon Capture program will support FEED studies for CO2 systems on both coal and natural gas power plants."
DE-FOA-0002058
Applications were due on 5/13/2019
Selection notification expected on 8/7/2019
Expected date for award: September 2019
Exxon Mobil press release on May 8, 2019
Ten-Year Agreement with National Labs to invest $100M to advance lower emission technology.
https://www.energy.gov/articles/doe-national-labs-partner-exxonmobil-100-million-joint-research
"ExxonMobil will invest up to $100 million in the two DOE Laboratories to advance lower-emissions energy technologies that could be brought to commercial scale. This agreement is one of the largest public-private partnerships between DOE laboratories and the private sector, and exemplifies DOE’s commitment to cross-cutting, result-driven research initiatives.
The agreement will foster research collaboration on projects that will advance potential scalable technologies that improve energy efficiency, minimize greenhouse gas emissions, and reduce emissions from the production of fossil fuels and petrochemicals."
It's not a stretch to believe that Exxon's $100M investment into DOE Labs will result in the Exxon backed FCEL carbon capture application will get most if not all of this $30M opportunity. Which means good news for FCEL in September
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