This is the real money maker for capturing carbon. Forget the Global Warmi.... I mean Climate Change benefit. Forget the sequestration nonsense underground. The benefit will be supplying CO2 which can now be used to cheaply create carbon nano fibers. This is a game changer. True.
True Cedar. But media does not understand the full story. Again, I encourage all to read up on 'Diamonds from the sky', which is a total game changer when it comes to carbon capture. It answers the question of 'what will they do with all the carbon?'. Let's face it, 'sequestration' underground is a lame and pathetic and costly idea for something that we all breath out with every breath. However, to cheaply convert the CO2 to the awesomeness of carbon nanofibers is well, awesome indeed. The media does not understand. Exxon surely does. This is Money City.
It is pretty amazing to know that exhaust fumes from coal/natgas plants can be turned into electricity with H2 and CO2 as the 'waste products'. Then to learn that the CO2 can be turned into awesome carbon nanofibers which in turn can produce even more awesome awesomeness. Maybe all this awesomeness is what media and others can't believe. It is so sweet that FCEL has hooked up with Exxon to move forward with this.
smart move. It's not personal, it's just business.
Election of President Trump will be right during Christmas Shopping Season. M has got to apologize and soon.
1) CEO must be fired
2) Apology must be totally sincere
3) Must be done within a reasonable time frame
If the three above steps are met then The Donald will probably graciously accept apology. If not, M stock will continue to decline for 8 years.
Boycott will continue!!! Sad!
Sounds like JCP is in good shape.
That has been pretty clear since Cramer was pumping AMZN in 2001. All Wall Street inside games. Probably giving money to Crooked H. A lot of brib... I mean donations.
Good article. The guy points out that FCEL's awesome carbon capture produces the 'by-product' of lots of Hydrogen. He puts 2 and 2 togther, in that the substantial amounts of Hydrogen will be available to Exxon. This is hardly a leap to imagine that Exxon is interested in H2 to solve the H2 infrastructure issue. Good reading.
So FCEL has solved both the climate change CO2 issue and the H2 infrastructure problem. Partnered with biggest oil/gas company and also the DOE. Technology has been explained in NYTs and other similar publications. It is somewhat amusing to behold the lack of understanding/interest from the media. Kind of reminds me of the very early days of the internet. Corporate establishment/media ignored the Net until they could find a way to get in on the action. True.
Poor ignored Garpola. The Rosie Odonnel of the message boards. S/he can't stand to be ignored. S/he should spend less time posting ignored posts and more time trying to figure out which bathroom to use. Sad!
(even though I am too lazy/inept to write it myself)...
Would love to see the financial details of the FCEL CCS project and exactly if/how Exxon would actually profit from the arrangement. In other words, compared to the existing Exxon Natgas/coal plants, would they actually come out cash-positive? Would their cost of the FCEL carbonate fuel cell be more than offset by the increase in electricity and the 'by-products' of marketable H2, and also the marketable (?) CO2 (especially with the potential of Professor Licht's awesome 'diamonds from the sky' invention).
It would be great to know the financials involved in the Exxon decisions. Probably impossible to get these actual numbers though. I wonder if FCEL would ever discuss any of these things on a CC. Good luck to all (besides those on Ignore)..... TGC
Except BEV like 'Tesla' (I hate that Musk co-opted that wonderful man's name) will not start when it is Norway-cold in the winter. That leaves superior fuel cells. Except for the few faithful who will be stuck in the Norway snow, muttering about 'fool cells' as everyone speeds by and Ignores them. Ahh yeah.
Washington, 13 June (Argus) — ExxonMobil researchers are talking up the viability of a new fuel cell technology they say could economically capture CO2 emissions from coal and gas power plants without requiring subsidies or carbon taxes.
The developers of these "carbonate fuel cells" say they could represent a breakthrough in making carbon capture and storage (CCS) commercially viable. The power company FuelCell Energy is developing the fuel cells, which so far have only been demonstrated in laboratory tests. ExxonMobil last month announced an agreement with FuelCell to further develop the technology.
Industrial facilities have been able to capture CO2 emissions since the 1970s. But existing CCS technology can consume up to 25pc of the electrical output of a power plant and is difficult to implement on a large scale. Southern Co.'s efforts to build a coal-fired power plant with CCS in Kemper, Mississippi, is now expected to cost $7bn, three times higher than initial estimates.
The carbonate fuel cells, in contrast, would use the exhaust stream of a power plant and natural gas to fuel a process that would generate additional electricity and produce a chemical feedstock called syngas. FuelCell is trying to use the technology to eventually build a 2-3MW demonstration plant that would be paired with a coal-fired power plant.
"This is very clever, this is very unique," ExxonMobil Research and Engineering vice president Vijay Swarup said today in Washington, DC. "You put this on the back end of a power plant, you concentrate the CO2 while creating some byproducts that could be valuable in other processes."
ExxonMobil researchers are focusing on the economics of the technology and how it could be optimized, particularly for use on gas-fired power plants. Swarup said the company is optimistic about carbonate fuel cells but conceded researchers "have to be ready for it not to work." Deploying the fuel cells on a commercial scale is still likely years away, he said.