FuelCell Energy Inc (FCEL)

[Maximilliano]

Hoghead7 the NETL link indicates there are 3 projects ending September 30, 2019 as I see it, please correct me if I am wrong.

There will be advanced technology gains for Q3 and Q4 however in the 10Q ending April 30, 2019 it states:

"As of April 30, 2019, Advanced Technologies contracts backlog totaled $32.9 million, of which $21.5 million is funded and $11.4 million is unfunded." (p. 64)

Projects with NETL are paid money incrementally as milestones are reached during the project duration, and not lump sum awards at the end of the project duration....as you probably are aware.

There is the $3.76M January 9, 2019 from SCAQMB in California for the fuel cell project producing renewable hydrogen and power from onsite biogas which is outside of NETL, and the recent $2M award from DOE for Reversible Solid Oxide Fuel Cell (Topic D2.)

http://d18rn0p25nwr6d.cloudfront.net/CIK-0000886128/4c48551a-ccdb-4584-a0a5-79514a8ee929.pdf

https://www.gasworld.com/fuelcell-energy-gets-376m-award/2016275.article

https://www.energy.gov/articles/department-energy-announces-40-million-funding-29-projects-advance-h2scale

https://www.energy.gov/sites/prod/files/2019/08/f65/fcto-fy19-h2-at-scale-foa-selections.pdf