Fuelcell Energy Inc Q2 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: George Gianarikas - Canaccord Genuity Corp., Research Division - Analyst : Congrats on the financing. Maybe just to start, you're very close to commercial launch of your Toyota Tri-gen project. And I'm curious as to if you can kind of help us understand what the bottlenecks that are left are and making sure that you get that up and running shortly. And whether or not you have seen any additional interest from others as you approach commercial launch with Toyota?

Question: George Gianarikas - Canaccord Genuity Corp., Research Division - Analyst : Great. And just as a follow-up, I'd like to switch gears a little bit and ask about things related to Washington and the Inflation Reduction Act. There are a few issues outstanding in terms of additionality, deliverability and matching. I'm curious as to whether -- what your view is on where you think Washington ends up and how that could impact your business?

Question: Manav Gupta - UBS Investment Bank, Research Division - Analyst : I want to go back to the May 1 announcement of ExxonMobil. It looks like you are making strong strides towards commercializing your carbon capture technology for you guys. And what else should we watch for more customers, patents, like how should we track the progress of this specifically as it relates to the last May 1 announcement that you had?

Question: Manav Gupta - UBS Investment Bank, Research Division - Analyst : Perfect. My quick follow-up is if you could also help us give some more details around the commercialization of your solid oxide fuel cells and electrolyzers. And a decade down the line, do you actually think that solid oxide could be a more prevailing technology and you would be bigger in solid oxide than other technologies, so how does it shake out? Would you be like a 50-50 company in terms of solid oxide or would that become the dominating technology even for fuel cell?