FuelCell Energy Inc (FCEL)

[peafunke]

Let me turn the question to you… if exxon was not going to go ahead with fcel, why give them 6 months? Why wouldn’t they just end it there ?

Second, there are a lot of protections out in place of ownership of technology, patents, logistics etc in the contracts that would prevent exxon from carbon capture in the way that fcel is executing it. Exxon specifically states fcel has the most efficient means of doing carbon capture plus adding the trigger part.

“The research by ExxonMobil and FuelCell Energy indicates this technology has the potential to capture CO2 much more efficiently than conventional technologies, while at the same time producing hydrogen and electricity. To further progress this technology, ExxonMobil is working to prove this technology at scale through a demonstration unit at its Rotterdam refinery mentioned above. “

https://corporate.exxonmobil.com/Sustainability/Energy-and-Carbon-Summary/Strategy/Developing-and-deploying-scalable-technology-solutions#Carboncaptureandstorage )



Much of this method (fcel) would be protected in contracts at the onset of the JV. I’ve been through this and have seen some of the verbiage and agreements in the gas and oil field. Not to say it’s the same but …
One thing that typically does happen is an exclusivity agreement with the technology that exxon gets to use it for X amount of time. I’m not sure what the details are … just pointing out from experience imo.

But I ask you again, if it wasn’t working why extend by 6 months just to delay the inevitable (in your words)?