FYI, FID cannot be made until the porthos Project has cleared all bureaucratic hurdles. Exxon is making this investment with confidence those hurdles will be resolved and they want to make sure they get a jump on things. The only question is how big will this project be? I wouldn't be surprised to see an announcement from fuelcell energy about ramping up production of MCFC. If that's the case, One of two things will result. 1) You will find out this is much larger than a 1.4 or 2.8 MB project, 2) We will know either one is true or We are confident we are going to get other orders in the near future. Either way, We either get a very short-term extension (strictly due to further bureaucratic delays); with more moneys from Exxon by the first week in September after the existing JDA expiration, or much much larger than a $60M contract or JDA. Not quite sure who else has seen the rendition of a commercial scale carbon capture project tied into a 400 or 500 MW power plant, But I believe it was 50-100MW. Since it is modular and scalable, I don't expect the initial project to be that big. I expect them to build the first one see what the final cost actually was Make whatever adjustments they need on cost and operations, test for 6 months to 1 year, Then scale up or start another project. By that time fuelcell energy will have increased to a 200 megawatt run rate, into the share price will be well over that $29.44 high. Mark my words save it and let's revisit after the first installation is up and running. I know COD does not happen in the next week month or year, But we won't need the plant operational for a year before we surpass those highs. Complete a couple of existing projects in particular Toyota Groton & Derby, get a couple of new decent sized contracts, a couple more good quarterly reports and we are there. SK is going to come through with something big well before the end of summer, If not by Q2 conference call.
