FCEL 'Overlapping Markets' speculation Sure, I'll talk about FCEL, and share a thought that's been bouncing around in my pea-brain for quite some time: why hasn't there been any progress with FCEL in Japan? Yes, I know there are a couple of older units there, but nothing that even remotely addresses their new needs since Fukushima shut down the nuclear industry.
In one of the earlier conference calls, Chip acknowledged dropping the ball (i.e. marketing) in Japan.
Does POSCO's access to SE Asia include Japan? That would be bad, since the two countries really don't get along, for a great many reasons.
Japanese industry has plenty of fuelcell activity, but nothing along the lines of multi MW-class.
So, reading the last press release, here's my speculation: some multinational based in the US (do either Dominion or NRG fit the bill?) is crafting a deal to place fuelcells in Japan, using FCEL products. Given this new 'agreement' between POSCO and FCEL, POSCO does not lose face, Japan gets what they so desperately need (clean, high-quality and efficient 24/7 energy via FCEL park; maybe boil-off gas at LGN terminals), and FCEL makes inroads into a market that is way overdue. |