No. of Recommendations: 1
FCEL has signed a big agreement with Spains Abegona(sp) and a billion dollar R&D German company. Posco has just doubled their stake by buying another 30 million of stock AND they just had a conference call announcing better than projected numbers with a prediction to turn a profit by 2014 or sooner. They have doubled their output to 56 megawatts, or whatever their measurement is, in just one year and need less than another double to become profitable at 80-90 megawatts. Theses are BIG news events. FCEL says they can produce grid parity at 9-11 cents per kilowatt hour by 2014! That means you can have energy at the same cost without burning and releasing carbon into the air. PLUS you are not grid dependent or subject to grid breakdown. C'mon. Tim.
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