FuelCell Energy Inc (FCEL)

[Hoghead7]

Unfortunately the recurring revenue is probably going to cap out for a while around 15 to 16 million per quarter. Sales and service and license revenue should kick in though. South Korea will not be doing power purchase agreements rather it will be cash for the projects. Power purchase agreements build our assets and give us recurring revenue with a higher margin. And we own the asset. We're essentially an electric company also. I don't think we have another power purchase agreement lined up at the moment. Although that new one in California might be. But I'm pretty sure that won't be operational this year.