My reply to someone on Reddit asking if the company would survive the shorts. Don't forget that video I posted the other day by Martyn.
They have been developing/advancing Carbon Capture with XOM since before 2016 and became official in 2019. The only reasons it hasn't taken off faster are tweaking/testing to meet expectations and pushing for enough monetary policy to make it profitable from the get go. They have so much more besides Exxonmobil and Carbon Capture.
1st they have Carbon Capture with others, look up Fuelcell Energy at Sheffield University, at least 2 separate articles. 1 about the original project and another about added $ to the investment to further the testing due to success with the first investment. Google Fuelcell Energy in Canada. They have a project in engineering stages and more in the works for sure. Already had a pilot in 2015 or 2016.
2nd, Trigeneration with Toyota is a major Home run! They did 1 with Air Products in 2014 or 15 I believe, still up and running in California. Toyota has already been in discussions with FCE about future projects, over 1 year ago. Video with Paul Fukamoto and Mark Yamauchi proves such in their dialogue. Specific interests in FCE Combined Heat and Power application.
3rd, their Biomass and wastewater treatment plants are a home run also, they have several and have done 2 projects for Tulare California. Did a biomass study 2019-2021 with Drax, whom as of 2023 was still very interested in working more with FCE.
4th Nuclear, well read the Q4 transcript and add Nuscale to it. They have 2 projects with Nuscale, the US DOE and Shell, awarded end of 2022 less than 2 months apart. 1 in the Ukraine. I believe September and November? Easy to find.
5 Not enormous cash but good balance sheet, far greater assets than debt. Made several strategic financial moves this year alone, most recently Tax Equity Financing with 3 projects.
6 CEO has impeccable resume and proven history with getting to the finish line. Put together a dream team and compensation is shares. They aren't going anywhere because they know what they have.
7 Generation portfolio has grown to over $60M a year from $7.5M as of spring 2019. You're going to see well over $60M in 2024. That's 700% growth of RECURRING REVENUE in less than 5 years.
8 Hundreds of patents world wide
9 Just got back into S Korea January 2023 and reaping rewards already. Til 2016 they were primary customer and cash cow with several ++ quarters. Posco altered the tech, screwed up, blamed FCE and tried to steal the company. We finally won a dragged out battle I told everyone Posco didn't have a leg to stand on. Already resulted in over $100M but much more to come!
10 Again Q4 transcript, Awards in works with contract negotiations only to be announced and added to backlog once officially completed.
11 4-5 very significant MOUs since 2021 of which have certainly advanced, 1 in S Korea referenced in the Q4 transcript. SK and the rest of the Asian Market are moving aggressively and will result in big $ for FCE. Malaysia Marine & Heavy Equipment is 1 of the MOUs. As is KEPCO (huge EDC in SK) and TuNur.
12 Currently ramping from 4MW a year capacity in Canada to 40MW and announced ability and intent to increase to 80MW.
13 Plan to build 400MW Electrolyzer manufacturing facility at unspecified location in the US. Previous estimate was $250-$300M investment revised down to $100M during Q4 call, (Again, read Transcript)!
14 Again, Transcript! Plans to ramp MCFC production to 100MW partly related to deal with Exxonmobil and perceived need due to Carbon Capture and Trigeneration platforms growing demand.
15 $$ from IRA and Bipartisan laws just now beginning to be distributed. They expect and will get their share. They have worked very closely with the US government DOE and DOD for many years.
16 Lead counsel added to the US Energy Dept of Commerce Advisory board early 2023 I believe it was.
17 This is all off the top of my head in 15 minutes. I'm definitely missing a few things. This can/should make new 52 week highs in short time, then who knows how high it goes. It went up 1,400+% in 3 months beginning the end of 2020 on just hype & hope. 1,400% in 2024 is very real possibility. TICK TOCK!
