The technology that is not being explicitly stated is FCEL's awesome tech. Most of the reporters have no idea that it is out there. They are bewildered at the prospect of clean coal. They can't envision using coal's emissions as a useful resource. They have not received any talking points about FCEL tech, so they can't fathom the reality. Those who are alluding to 'clean coal' are definitely referring to FCEL tech. Let's watch.
"No man is an island" and the same is true for a company, especially a small company. You need to have friends/partners and the only way to do that is to give them a very sweet deal. If you don't give a very sweet deal then nobody will be your friend - they will crush you. Companies like Apple are masters at this - why else would they cut in Al Gore and many others in gov/media for such juicy freebies? There is no good media or access to financial markets unless you give away significant parts of your company.
That being said, it is awesome to see this deal take place. Some company/person invested $40 million in FCEL when they could have invested it anywhere else. They have significant skin in the game now and they are not going to let the $40 million go south. They have incentive to get FCEL business - and as we know, the upside is so much huger than their current approx $200 million market cap. There is plenty of money to be made for all parties in this. In fact, I would be thrilled if tomorrow they announced a similar deal with another partner/investor.
Nobody has mentioned Toyota as a possible investor behind this. I remember reading that they had dedicated over $1 billion in new financing for fuel cell/hydrogen investment (if I remember correctly). Also I remember Chip discussing on a CC that they were in talks with the big auto makers.
Things are getting good. Absolutely great news IMO that others have major skin in the game. That is what we need - big players who can make things happen to have incentive for FCEL to succeed in a big way. Should be fun to watch. I will be watching from ... TheGreyCorner.
Could be anyone. Even Soros or the Musk Ox. Hopefully whoever it is plans to give the right amount of brib... I mean campaign contributions to the right scu... I mean public servants. Let's watch.
Oh dear me!!! What should I ever do? I really don't know what to do. I better listen to the 21 year old MF shill.
Agreed Seif - Europe is totally different on a day-to-day lifestyle than US. Normal people ride buses/trains and use taxis all the time. Also, their standard living situation is not a suburban 4 BR house with new fancy garage. Often it is a much smaller, older place with on-street parking or older garage. The thought of 'just plugging in' the Tesla at night is not going to happen for most normal people here. It is common to have a clothes washer but not use an electric drier. Hydrogen is going to be the answer worldwide IMO. Good times ahead.
That is cool. Europe is moving towards Hydrogen society. There have been articles about buses, trains (Germany) and taxis all using hydrogen. That's awesome exposure to the public, so transition to cars will be simpler. Great that FCEL guy is leading the group.
I did check out the video. It is a great presentation and has a lot of good information. That being said, I don't think it's reasonable to expect that these companies would give away their exact strategies.
Here is an article from the WSJ today. I encourage all to check it out. You will see that Exxon is the only major oil/gas company pressing the gov for a carbon tax. Why would they be the only ones to do that? Why would any company do that unless they have a 'trick' up their sleeve? Conversely, why would they say, 'fuel cells work and we will start using them next year' before they have any incentive (like from carbon tax legislation) to do so?
wsj dot com / articles/exxon-touts-carbon-tax-to-oil-industry-1467279004
These are multi billion or perhaps actually trillion dollar decisions (worldwide) that are being discussed. We can't expect any of the players to lay all of their cards on the table. Peace.
In France, you would be referred to as a procreating slow person. I am sending you a one way ticket to wonderful Ignoristan. Enjoy!
Hmmm..... I wonder why .....???
They have FCEL tech in the back pocket. They are saying it will take years to develop. Seems to me they are holding back on the tech until they have incentive to unveil it. Why unveil now, when the weasly gov types use this as a baseline measurement? Why not get a carbon tax which gives $ incentives for reducing CO2. Then they unleash the FCEL genie.
You see, VW was basically fined $15 billion for deceiving about Diesel.
Next, you will see Exxon pay huge fine for deceiving about 'climate change' (whatever that is). The settlement will be huge. The lawyers and other slimers will pocket about 75% IMO. However, there will still be billions that will go towards carbon-capture/H2 progress IMO.
If anyone questions the necessity of capturing CO2, I would refer them to the amazing movie "Blowup" which basically asks the question, 'what is reality'?
I think the 'sequestration' part is stupid. 'Utilization' of the CO2 will be the key to profitability, IMO.
Google it if you care to.
No fundamentals long term. True. Can't handle The Truth. Thank you.
Good point -- here are just a couple or recent articles about CCS and how the current tech is a failure. FCEL is the clear favorite in this race. True. The difference is that FCEL is actually producing three awesome marketable products while letting coal do it's thing - only much much cleaner. Money talks.
theguardian dot com /environment/2016/jun/19/carbon-capture-and-storage-uk-government-shell-drax
cbc dot ca /news/canada/saskatchewan/carbon-capture-power-prices-1.3641066
Agree, it was great to hear Exxon dude talk about the future plans and fine-tuning. Very encouraging. It seems to me, given so many Exxon sites, that they may want different 'by-product' mixes depending on the physical sites. Some remote sites may want to only produce super-clean electricity for the grid. Others closer to cities may want to focus on hydrogen distribution. Others may want to tie in directly to the CO2 utilization processes that will really be a new industry. Makes sense that there is a lot to fine tune and test before implementing.
* To develop cost-efficient technologies for carbon dioxide capture and storage along with carbon dioxide capture and utilization sometime after 2025.
* To develop hydrogen power generation technology by around 2030.