so let me post this news. …. any idea how many Sure Source 3000 are being bought? and revenues? I know the roject got he go ahead but allways good to actually see an order appear (FCEL doesnt get too many orders)
FuelCell Energy Inc. (FCEL) filed a Form 8K - Other Events - with the U.S Securities and Exchange Commission on January 31, 2024.
In support of the relationship between FuelCell Energy, Inc. (the "Company") and ExxonMobil Technology and Engineering Company (f/k/a ExxonMobil Research and Engineering Company) ("EMTEC") under the Joint Development Agreement dated November 5, 2019 and amended on October 29, 2021, April 29, 2022, December 19, 2022 and August 25, 2023 (the "JDA"), on January 31, 2024, the Company received a binding purchase order from Esso Nederland B.V. ("Esso"), an affiliate of Exxon Mobil Corporation ("ExxonMobil") and EMTEC, for fuel cell modules as well as engineering, procurement, fabrication, testing and delivery services required for the construction and implementation of the modular point source carbon capture pilot plant at the Esso Rotterdam Manufacturing Complex. This purchase order provides the funding required by the Company to complete the manufacturing, engineering and other work to support the pilot project through start-up at the project site.
This pilot project will be a full-scale commercial prototype of the modules expected to be used in large scale systems for industrial and commercial point source carbon capture applications. The modular design of this system enables the technology to be deployed at a wide range of locations, operate at high efficiency, and we believe will advance business goals at hard to decarbonize industrial and commercial applications. The modules to be used in this commercial demonstration project will use carbonate fuel cells to efficiently capture and concentrate carbon dioxide streams. In this pilot project, combustion exhaust from an external source, a flue stream, will be directed to the fuel cell, which will electrochemically react fuel and air to produce power, while capturing and concentrating carbon dioxide for utilization or permanent storage. ExxonMobil has previously announced its intent to transport captured CO2 from this project via the Porthos project for permanent storage under the North Sea.
