I have been watching "opportunities" come and go for years with hydrogen buses. They just never seem to be able to compete. Thanks for the tip on NG futures plays..I like divvy plays and I think resource plays in oil and gas are also beaten down and may go lower as well. Looking at VNR and have been nibbling at DMLP on recent dips.
ready, we are talking about FCEL, not Ballard here. Jake, they may have 2mw scale plants but their volume in the US is pathetic considering how long they have been operating here. They also failed to close on the latest LIPA RFP's which was probably the last straw for Gerson. In the rejection letter LIP wrote: " Similarly, none of the fuel cell proposals, which would all be fueled by natural gas, were selected due to price risks inherent in those proposals." Is it the price of NG they are worried about or ongoing stack replacement costs or both?
FCEL BOD member resigns. His comments are notable.
I have read Item 5.02.
For some time I have advised the Chairman of the Company, the Board of Directors and the management of the company of what I view as a failure to adequately address the limited domestic sales of fuel cells. Having been unable to effect any material changes, I resigned.
On December 18, 2014, at the conclusion of a regularly scheduled quarterly meeting of the Board of Directors of FuelCell Energy, Inc. (the “Company”), James D. Gerson resigned as a member of the Company’s Board of Directors pursuant to a letter of resignation dated December 18 attached as exhibit 99.1 hereto. Mr. Gerson subsequently sent an e-mail to Company counsel to explain the reason for his resignation. That e-mail is also attached as exhibit 99.2 hereto. Mr. Gerson, age 71, was a member of the Board of Directors for 22 years. Mr. Gerson was also Chairman of the Audit and Finance Committee and a member of the Executive Committee and Nominating and Corporate Governance Committee of the Company.
Sheridans position not withstanding, none of those Bus projects would have proceeded without massive Govt support and funding. Forward looking shouldn't mean you ignore the facts.
"By the end of 2014, U.S. drillers were producing 9 million barrels of oil per day, up 80 percent since 2008 and the most in three decades." - (me) Lets hear it for that partisan chant "Obama hates oil". It reminds me of the birthers and their sillyness. Once again, improved efficiencies and increased supply shows we can reduce demand and along with it prices. Of course slowing economies outside of the US add to the pricing pressure.
Are the partisans going to blame US politicians for that as well?. It just goes to show, liberal vs conservative analysis will always fall short of real world economic facts.
Oil reached a high for the year of $107 in late June after Islamic State fighters in Iraq seemed poised to threaten Iraq’s southern oil fields and disrupt supplies from OPEC’s second largest exporter. Then, as Islamic State’s advance was halted, and Libya ramped up its production, oil began to drift lower.
Oil slipped further in the fall as signs emerged that global demand was weakening. The plunge accelerated in late November when OPEC decided to keep producing the same amount of oil despite the low demand. On Wednesday, crude oil was selling for $55.84.
Oil production in the U.S., Canada, Iraq and elsewhere had been climbing for several years, but rising demand in China and other developing nations along with sporadic outages around the world kept supply and demand in balance.
The price of oil remained remarkably steady, near $100 a barrel, for nearly four years. But U.S. oil production surged far beyond what even the most optimistic forecasts predicted. By the end of 2014, U.S. drillers were producing 9 million barrels of oil per day, up 80 percent since 2008 and the most in three decades.
At the same time, growth in demand for oil began to weaken. China, the biggest single source of oil demand growth in recent years, saw its economic expansion begin to slow. Japan slipped deeper into recession and Western Europe’s economic struggles continued. The economy of the U.S. — the world’s biggest oil consumer — grew nearly 4 percent over the summer, but efficiency measures and changing demographics in the U.S. are reducing demand for oil.
With rising global supplies and weak demand, prices dropped.
Drivers, shippers, airlines and other consumers of fuel around the world are benefiting from sharply lower prices, and importing countries are benefiting from improving trade balances.
U.S. drivers are paying an average of $2.35 a gallon for gasoline on average, the lowest since May 2009. A typical household will save $550 over the course of the next year.
Tax breaks and Govt funding are extremely important for Ballard, without them Plug would be dead and nary a bus would be using fuel cells. Your right Ballard doesn't do cars, but many here seem to think that FCV's are linked to Ballards fortunes.
I see it is a tree ring study for a specific area, Northern Europe. The abstratact states"Our new composite reconstruction reveals warmer conditions during Roman, Medieval and recent times, separated by prolonged cooling during the Migration period and Little Ice Age. Twentieth century warmth, as indicated in one of the existing density records, is reduced in the new reconstruction, also affecting the overall, millennial-scale, cooling trend over the late Holocene (−0.30 °C per 1000 years). Due to the reduced biological memory, typical for tree-ring density measurements, the new reconstruction is most suitable for evaluating the rate and speed of abrupt summer cooling following large volcanic eruptions."--It is not a global study at all.
When Toyota introduced the 2016 Mirai last month in preparation for a launch late next year, it said that the hydrogen car will have a $57,500 MSRP and that there will be a federal tax credit available worth up to $8,000. The problem, as we noted at the time, is that that federal credit was set to expire at the end of 2014. The technical language of the current rule says that someone who buys a fuel cell vehicle, "may claim a credit for the certified amount for a fuel cell vehicle if it is placed in service by the taxpayer after Dec. 31, 2005, and is purchased on or before Dec. 31, 2014." With the 113th Congress now finished up for the year and legislators headed home for the holidays, we know one thing for certain: the federal tax credit for hydrogen vehicles was not updated and will end as we're all singing Auld Lang Syne next week.
I guess these were the two modules they mentioned in a PR about Solaris almost a year ago now..
It should also be noted that they never said they were going to pick a winner. What they said is that they hope to buy only zero emissions buses after 2020. BTW, Citaro uses Daimler stacks and Solaris is said to have contracts for a grand total of two FC's from Ballard due to be delivered by the end of 2014.
If a card you never used received bogus charges, the financial institution was probably hacked. I think in most credit fraud cases it is the Merchant or the bank that gets hacked so it doesn't matter how you buy. Feel at ease, get a Amazon account and enjoy the modern convenience of not having to drive somewhere to shop. You can also enjoy some of the otherwise unavailable bargains that can be found on-line. Credit card companies generally cover fraud charges anyway, so your biggest fear will be receiving things you bought while shopping under the influence.
Chevron Corp is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall.
In a letter to Canada's National Energy Board on Wednesday, the company withdrew from a hearing on Arctic drilling rules because it has walked away from plans to drill in the EL 481 block, 250 kilometers (155 miles) northwest of Tuktoyaktuk, Northwest Territories.
The drilling project is the largest yet put on hold after oil prices dropped by nearly half over the last six months, even as a long list of oil companies cut their budgets for 2015 because of the price drop.
As part of the field tests, a Scania citybus with an electric hybrid powertrain will go into daily operation in Södertälje in June 2016. At one of the bus stops there will be a charging station where the vehicle will be able to recharge wirelessly from the road surface in 6 to 7 minutes sufficiently for a complete journey.
To build an infrastructure and convert bus fleets to vehicles that run exclusively on electricity would provide many advantages. With a fleet of 2,000 buses, the city could save up to 50 million liters (13 million gallons US) of fuel each year—resulting in a decrease in fuel costs by up to 90%.
Apart from induction, Scania’s research and development department is looking at different technology options, including the take-up of energy from overhead electrical wires or from rails.
Is there a time warp here? Medis died long ago, it's chief cheerleader was David Redstone who committed suicide years later.
Right church, wrong pew. Randy was hired to sell Ballard but it's not going to be "Fuel cells are such #$%$" Musk that does the buying.