Who would have thought that the world’s largest oil corporation and biggest US gas company is having a change of heart? In May this year, ExxonMobil concluded a research agreement with FCEL to develop the carbon capture technology into something that created a “more economical pathway.” Carbon dioxide from chemical and coal plants is said to be added together with hydrogen to produce methane, which would then be converted at high efficiency into electricity and heat. What is most important here is the technology‘s economic benefit: The CC process for CO2 capture could lead to a notably greater energy production volume, increasing revenues in the process.
Exxon has so far been one of the companies that most fervently negated climate change; rumors even had it that the corporation was financing certain lobbies to that effect. The widely reported decision of the Rockefeller family, who founded Exxon, to eliminate Exxon shares from several of its foundations might have convinced the executive board to rethink its business strategy. Concluding the agreement with FCEL seems like a very positive sign, since Exxon will certainly have investigated with whom it entered into a contract.
FCEL, on the other hand, will benefit from …
After hearing about the order for a …
Quarterly figures and highlights
The net loss attributable to common shareholders for the …
Additionally, the cash on hand at the end of the quarter has risen to above USD 82 million (plus 34.7 million of restricted cash). And besides the credit line by NRG Energy (USD 29 million), there is another one from PNC Energy amounting to USD 23.1 million.
Investors must understand that buying and selling shares is done at their own risk. Consider spreading the risk as a sensible precaution. The fuel cell companies mentioned in this article are small and mid-cap ones, i.e., they do not represent stakes in big companies and the volatility is significantly higher. This article is not to be taken as a recommendation of what shares to buy or sell – it comes without any explicit or implicit guarantee or warranty. All information is based on publicly available sources and the assessments put forth in this article represent exclusively the author’s own opinion. This article focuses on mid-term and long-term perspectives and not short-term profit. The author may own shares in any of the companies mentioned in this article.
Author: Sven Jösting