Monday, December 05, 2022 9:39:35 AM
Fact, Toyota was identified as physically complete and undergoing commissioning by early November, stated as expected commercial operation by "Year end" 4 weeks. Fact, ExxonMobil JDA runs through 12/31, ongoing since early 2019, upgraded from $10M non-exclusive to $60M exclusive within 3 months. 8K due by 1/6/23. Fact, Posco resolution resulted in $60M win and $11.2M withheld during arbitration. That $11.2M will be accounted for in increments as company chooses. Has not been accounted for yet to my knowledge.
1) Groton
2) Toyota
3) ExxonMobil
4) POSCO
5) Revenue
8K filings all by January 6. Worst case scenario, 4+ significant 8K filings, 2020-21 was hype/hope of political & financial support for green energy companies. We had none, 2022 presented with local, national & international policy & financial support for hydrogen and Carbon Capture and specific for fuel cells and Nuclear. Nuclear hit 1st with 2 projects within 3 weeks of each other and within weeks after DOE announced new funding opportunity. More is absolutely certain to come in the following months. Mark my words!!
Tick tock!!!
Recent FCEL News
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