FuelCell Energy Inc (FCEL)

[Maximilliano]

Johnny, We, I certainly agree. Why isn't the DOE in the drivers seat instead of the Treasury? Just think of all the detailed investigation DOE has performed into hydrogen related projects operationally in determining the basis for granting awards. FCE has received over $67M alone. The "green goals" of this ignorant administration already weren't achievable and now two hydrogen hubs are threatening to be non-starters. I thought the $331M grant to Exxon for Baytown TX was large...Xcel Energy in MN has a potential $925M grant and neither of these hubs will pan out financially without the 45V 3kg full value. It appears from the article that the blowback has caused the need for more public comment, trying to wiggle out of their stupid blunder with the 3 pillars and save face. The part that is most problematic is:

"The GREET model has also proved to be controversial among developers because it is due to be updated annually or can be replaced by a similar system as determined by the Energy Secretary of the day, meaning that projects that qualify for one tax credit bracket in one year might not qualify for that same tax bracket the following year — adding a layer of uncertainty that is unhelpful for calculating future income and securing loans."

Forget adding a layer of uncertainty....how about making it impossible.

https://www.startribune.com/xcel-university-north-dakota-hydrogen-heartland-hub-federal-tax-credit-environmental/600358098/

https://www.hydrogeninsight.com/policy/could-newly-announced-public-consultation-on-us-hydrogen-tax-credits-delay-their-roll-out-/2-1-1626130