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AugustaFriends

01/02/11 9:44 PM

#2085135 RE: AugustaFriends #2085134

FCEL – Research / DD & Charts - Portfolio 2011 -- Presented By AugustaFriends
About FCEL
FuelCell Energy Inc.
Danbury, CT 06813
Phone: 203-825-6000
Website: http://www.fuelcellenergy.com



Business Summary
FuelCell Energy, Inc. engages in the development and manufacture of fuel cell power plants for electric power generation primarily in the United States, Canada, Germany, Japan, and South Korea. Its core carbonate fuel cell products include Direct FuelCell or DFC Power Plants for stationary power generation applications. The company also develops carbonate fuel cell and planar solid oxide fuel cell technology. Its proprietary carbonate DFC power plants electrochemically produce electricity directly from readily available hydrocarbon fuels, such as natural gas and biogas fuels. The company serves manufacturers; mission critical institutions, including correction facilities and government installations; and hotels and customers, such as breweries, food processors, and wastewater treatment facilities, who use renewable gas for fuel. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.

Events & Presentations
http://fcel.client.shareholder.com/events.cfm

Benefits of Fuel Cell Technology
Distributed power generation with Direct FuelCells® (DFCs®) provides numerous benefits and is being adopted at a wide array of facilities. Benefits include:
Efficiency: Facilities managers are drawn to DFC fuel cell power plants primarily due to their highly efficient use of natural gas and inherent Low Heating Value (LHV) efficiency. DFC's offer clear efficiency advantages in comparison to other forms of distributed power generation. DFC power plants are 47% efficient in the generation of electrical power and up to 80% efficient overall in Combined Heat and Power (CHP) applications when the byproduct heat is used. Typical fossil fuel-powered plants operate at about 35% electrical power generation efficiency.
Environmental Impact: Amid the increasing energy demand and cost, and growing public awareness for energy conservation, fuel cell power plants are becoming the choice for on-site power. With low emissions of pollutants such as nitrogen oxides (NOx), sulfur oxides (SOx), and particulate matter as well as dramatically lower emissions of carbon dioxide (CO2), fuel cell power plants qualify under several environmental certifications established by the government, such as the Leadership in Energy and Environmental Design (LEED) program and Renewable Energy Standards (RES). DFC power plants also have been designated as "Ultra-Clean" by the California Air Resources Board (CARB), and exceed all 2007 CARB standards. FuelCell Energy's power plants eliminate emissions generated by fossil-fuel-based backup generators.
Reliability: By locating the power plant on-site, and implementing real-time monitoring capability, end-users are assured of increased reliability, a necessary requirement for applications such as hospitals, hotels, universities and manufacturing facilities. Unlike wind and solar technologies, which generally have an overall availability of 35%, FuelCell Energy products operate independently of the grid, and have an availability of about 95%.
Fuel Flexibility: A number of industrial, agricultural plants and wastewater treatment facilities generate renewable biogas as part of the manufacturing process. Fuel cell power plants can harness the methane in this byproduct, and use the gas to power the system in lieu of natural gas, making it a renewable energy source. In many places where digester gas production volume is variable, DFC plants are designed to operate with automatic blending with natural gas.

Fuel Cell – Company Brochurehttp://www.fuelcellenergy.com/files/FCE_Technology_Brochure_080807P.pdf



The FuelCell Process A fuel cell is made up of an electrolyte member sandwiched between fuel and oxidant electrodes. Typically, a fossil fuel or biogas from which hydrogen is extracted is used for most common applications. The oxidant is typically plain air. The fuel is oxidized at the “anode electrode”, releasing electrons that move to the “cathode electrode” via the external circuit. These electrons meet the hydrogen and push charged ions across the electrolyte. The charged ions (positively or negatively charged) move across the ion conducting electrolyte member, completing the electrical circuit. This electrochemical process requires very few moving parts, typically limited to air blowers and fuel/water pumps. Because of high fuel conversion efficiency, the flexibility to generate Combined Heat and Power (CHP), low-impact characteristics, and negligible environmental emissions, fuel cells are a desirable source of power generation for a broad range of markets and applications. Fuel cells are fast replacing reciprocating engines and gas turbines as the most environmentally-friendly sources of on-site power.

Carbonate fuel cell power plants can utilize many fuel sources, including:
Natural gas
Industrial and municipal wastewater treatment gas
Propane
Coal gas

Recent Developments As of 31 December 2010 -

Volume 30 Million shares above 1.88 in the last 9 trading days of 2010. All this volume Since it crossed MAJOR resistance of 50ma on weekly at 1.88
http://finance.yahoo.com/q/hp?s=FCEL+Historical+Prices
December 13, 2010

Quarterly Report
Seven orders totaling 12.7 MW received during the fourth quarter of 2010 Year-end product sales and service backlog totaled $154 million, up 70% from 2009

The Company submitted a proposal to the DOE of approximately $34 million to participate in the third phase of the solid oxide fuel cell development program and expects a decision by early 2011.

Friday, December 10, 2010 FuelCell Energy May Offer Huge Upside Reward http://seekingalpha.com/article/241262-fuelcell-energy-may-offer-huge-upside-reward?source=yahoo

Nov. 30, 2010 Today announced that it will jointly develop a small-scale Direct FuelCell(R) (DFC(R)) power plant with its South Korean partner, POSCO Power. The power plant will target the fast-growing commercial applications market segment, particularly in Asia. POSCO Power will fund the $5.8 million program in stages as performance milestones are reached, with an initial funding of $2.9 million for design and development of a smaller scale fuel cell stack.

Nov. 18, 2010 today announced a contract with the U.S. Department of Defense (DoD) administered by the U.S. Army Corps of Engineers' Engineer Research and Development Center, Construction Engineering Research Laboratory (ERDC-CERL), to relocate, install and service a DFC300 fuel cell power plant at U.S. Army Camp Parks Reserve Forces Training Area located in Dublin, California.

On Nov. 17, 2010 today announced that its 2.8 megawatt (MW) DFC3000 power plant operating on natural gas has been certified under the California Air Resources Board's (CARB) distributed generation emission standards that were established in 2007 (CARB 2007).

On November 11, 2010: today announced the sale of a 1.4 megawatt (MW) DFC1500 power plant to be installed at the San Jose/Santa Clara Water Pollution Control Plant in San Jose, California. UTS Bioenergy LLC will purchase the DFC1500 and sell the power generated to the San Jose/Santa Clara Water Pollution Control Plant under a 20-year power purchase agreement. FuelCell Energy will service the power plant under a long term service agreement and the unit is expected to be operational in early 2012.

On November 8, 2010: announced the sale of a 2.8 megawatt (MW) DFC3000 power plant to be installed at a wastewater treatment plant operated by Inland Empire Utilities Agency (IEUA), a municipal water district based in Chino, California. Renewable biogas created by the wastewater treatment process will be the primary fuel source for the generation of ultra-clean electricity. UTS Bioenergy LLC will purchase the DFC3000 and sell the power generated to IEUA under a 20 year power purchase agreement. FuelCell Energy will service the power plant under a long term service agreement and the unit is expected to be operational in early 2012. "Installation of this fuel cell operating on renewable biogas is an important component of our renewable energy generation strategy," said Terry Catlin, Board President, Inland Empire Utilities Agency. "The clean electrical generation process and the reliable 24/7 operating nature of the fuel cell will help us attain the objectives of our strategic energy plan and position us to meet ever more stringent clean air emission requirements."

On Novermber 4, 2010: FCEL announced the sale of 4.5 megawatts (MW) of power plants to BioFuels Fuel Cells, LLC, a California renewable energy company owned by New Energy Capital and BioFuels Energy, LLC. Three fuel cell power plants, including a 2.8 MW DFC3000, a 1.4 MW DFC1500 and a 300 kilowatt DFC300, will be installed at three different locations in the San Diego, California area and will utilize purified biogas from the Point Loma wastewater treatment plant as the primary fuel source for the generation of ultra-clean electricity. The City of San Diego will convert a waste problem into a revenue stream through this directed-biogas project.

The biogas generated at the Point Loma Wastewater Treatment Plant represents a revenue source for the City of San Diego and a renewable fuel source for generating clean electricity with fuel cell power plants. This project incorporates a unique solution that purifies the biogas on site, and then injects the biogas into an existing gas pipeline to supply fuel cells at two different locations in the San Diego area. Termed 'directed biogas,' this project will represent the first time that a FuelCell Energy power plant will be fueled by renewable biogas generated at a distant location.

October 19, 2010: FCEL announced an award of approximately $2.8 million from the U.S. Department of Energy to demonstrate the hydrogen production capacity of a Direct FuelCell (DFC(R)) power plant for an industrial user of hydrogen. For this first-of-a-kind industrial application, FuelCell Energy will demonstrate how a 300 kilowatt DFC300 fuel cell can produce hydrogen for use by the metal processing industry along with clean electricity and high quality heat. The fuel cell will be installed at a metal processing facility owned by ACuPowder International, LLC, located in Union, New Jersey.

On September 29, 2010: FCEL announced that the U.S. Department of Energy (DOE) awarded approximately $2.0 million to FuelCell Energy, Inc. (FCE) to further develop and demonstrate a highly efficient and reliable method for compressing hydrogen for storage under high pressure utilizing its solid-state Electrochemical Hydrogen Compressor (EHC) technology.
On September 27, 2010: FuelCell Energy, Inc. announced the sale of a 1.4 megawatt DFC1500 fuel cell power plant to the Rancho California Water District in southern California.

On August 19, 2010: FuelCell Energy, Inc. announced the sale of two 300 kilowatt DFC300 fuel cell power plants to the Eastern Municipal Water District (EMWD) in southern California to be fueled by renewable biogas. FuelCell Energy will service the power plants under a five year service agreement.

On August 17, 2010: FuelCell Energy, Inc. announced the sale of a 1.4 megawatt (MW) DFC1500 fuel cell power plant to G3 Power Systems, Inc. (G3).

• On August 9, 2010: FuelCell Energy, Inc. announced the sale of two 300 kilowatt DFC300 fuel cell power plants to be installed at the U.S. Naval Submarine Base New London, located in Groton, CT. The two DFC300 fuel cell power plants will be installed adjacent.

Other significant events

A. The company also signed deal with South Korean company POSCO under which they assemble power plants using fuel cell components supplied by FuelCell Energy. This will help in market expansion and growth opportunities.

Who is POSCO --- The Pohang Iron and Steel Company, or POSCO (KRX: 005490) (NYSE: PKX) (TYO: 5412) (LSE: PIDD), based in Pohang, South Korea, is the world's second largest steel maker by market value[1] and Asia’s most profitable steelmaker.[2]

Currently, POSCO operates two steel mills in the country, one in Pohang and the other in Gwangyang. In addition, POSCO operates a joint venture with U.S. Steel, USS-POSCO, which is located in Pittsburg, California.

B. The new Californian power plant is expected to be operational on natural gas during the quarter we are optimistic about the growth of the company among various opportunities.

C. $68 million of cash and investments -- From what I have DD so far - many new contracts and pending contracts will bring lots of revenue in the upcoming quarters. Plus company has $68 million of cash and investments at July 31, 2010

Reported Sep 1, 2010
http://finance.yahoo.com/news/FuelCell-Energy-Reports-Third-pz-535229940.html?x=0&.v=1

D. News pending
Advanced Hydrogen Programs: The contract to demonstrate a renewable hydrogen refueling station in California is progressing on schedule. The fuel cell power plant has been installed and is expected to be operational on natural gas by the fourth quarter of 2010 and operational on bio-gas by early 2011.
http://finance.yahoo.com/news/FuelCell-Energy-Reports-Third-pz-535229940.html?x=0&.v=1

The Company submitted a proposal to the DOE of approximately $34 million to participate in the third phase of the solid oxide fuel cell development program and expects a decision by early 2011.

E. Other Government Research: During the third quarter of 2010, the Company was selected for five different projects by the U.S. Department of Energy (DOE) with awards totaling in excess of $5 million. These projects are currently under negotiation with the DOE. (news pending)

F. Already in business with the US NAVY -- read the last part of the news. in RED - These are the first sold to LOGANEnergy; now look at how many they have more than 150 installations at 100 sites. - if LOGANEnergy converts all the plants in time to DFC300 fuel cell power .

Add the news about the $3 Million from the Government (not released yet; see glassy's post) ; the sales and products will increase. As stated by MotleyFool FCEL could make people rich with time.

http://fcel.client.shareholder.com/releases.cfm
http://finance.yahoo.com/news/FuelCell-Energy-Reports-Third-pz-535229940.html?x=0&.v=1

G. Posted by Glassy a MUST READ -- FCEL this news not announced yet. [b]Senate Appropriations bill gives FCEL $3M -NICE! $3 million to assist in the design and construction, and initial performance characterization of a 100 KW class fuel stack needed for the Navy’s standard military power generator applications

http://lieberman.senate.gov/index.cfm/news-events/news/2010/9/dodd-lieberman-announce-major-defense-investments-for-connecticut






















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01/10/11 11:03 PM

#2095194 RE: AugustaFriends #2085134

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