Robert Piconi: Well, we have, as I mentioned, one system that’s up out of the ground. I think we actually put that in our announcement. We did an update announcement during the quarter. That’s up about five floors right now and Rudong remains the focus in terms of getting full operational performance data as they have the state grid interconnection. They’re going through Joe, the homologation process. They’re now — they’ve demonstrated inverse operations. These are all local announcements they’ve made publicly. They’re a public company, China Tianying there. So, what I would expect is — what I just outlined to Justin, is initial performance data coming out in the coming weeks and months that, again, as we get things third-party validated, we will be sharing that.
And then on the other projects that we’ve announced, one’s up and out of the ground and there’s two others that have broken ground. The one that’s up out of the ground, they might be able to get started on commissioning in Q4. The others will be 2025 in terms of operation commissioning as well of those systems.
Joseph Osha: Okay. Thank you. The next question, we haven’t heard much about Snyder, Texas for a while, I’m wondering what the story is there?
Robert Piconi: Yes. Our collaboration with ENEL remains, and we’re up out of the ground in Snyder. So, we’ll get — I imagine we can get pictures of the site and where we are there. We actually have a key customer, an international customer that’s there at the site with the team as well. The other thing Joe, I’ll share with you, we haven’t announced this publicly yet, but we are, and in the interest of ENEL utilizing that site to also demonstrate other applications of our gravity technology. So, Joe, we’re going to be sharing more about that at our Investor Day. But there’s no change in the collaboration agreement we have with ENEL and enforcing what we’re sharing with them on our progress in building up that site. What I’ll anticipate to you, as I just mentioned, is we’re going to be sharing what we’re doing within other applications of gravity technology at that site and in line with our discussions with ENEL.
Joseph Osha: Okay. So, I guess just to — because this is a site that is going to be easier for some of us to get to any sense as to when we might be able to roll up on that site and see it work?
Robert Piconi: Sure. I would say Q3 would be a good time to get to the site and we might have some surprises for you there when you come.
Joseph Osha: Okay. And then my last question and I’m trying to keep track of all this stuff, I apologize. You made reference on your Q2 call and your Q2 press release to a project award with a major Southeast Asian sustainable energy company for two energy storage products totaling 500 megawatts to be booked in the second half of 2023. I’m trying to understand whether that is in your — because that’s a good chunk of business, right, whether that’s showing up in your 2024 backlog?
Robert Piconi: Yes, that project is still in our awarded column. So, it’s not in a booking column. It’s in our awarded because that project is just awaiting final development, and there’s a local study that was done on that continent in that country for that project. So, it still remains in our funnel. It remains in the awarded category. And we’re looking at trying to convert that within 2024. That may be a project also, maybe one of the ones that we might look to help develop in line with some other comments, Joe, I’ve made about us looking at maintaining some equity ownership in some of the projects as they get developed through these tolling agreements. But there’s active work going on in the project, the studies that have to be done. It’s a country where the grid operates a little bit differently, has some special requirements and studies that have to be performed, and those studies are underway, funded, and ongoing.
Joseph Osha: Okay. And then finally, my last, last, last, last question. I do apologize. I’m trying to understand in a little bit more detail what your role is on this PG&E project. I assume they’re not your electrolyzers. Are you integrating using Plug’s electrolyzers? Are they your batteries or UDPC? I’m just trying to understand a little bit more what your role is in this project?
Robert Piconi: Sure, I’ll explain it. It’s — essentially, we designed this microgrid and the energy storage system with a combination of a hydrogen fuel tank. So, to be clear, we aren’t making the green hydrogen, we’re procuring it. We designed and sized a hydrogen fuel tank. We announced this. We worked with Chart on that. We also, as part of the design, worked with Plug on their fuel cells, so not the electrolyzers, but with the fuel cells themselves. So, we architected the number of fuel cells combining with that with the hydrogen tank. We also architected in one of our B-VAULTs. So, to address the grid forming and black start capabilities that PG&E wanted. So, we architected and designed this entire system, brought some pieces to the table, and then have our Energy Management Systems that’s orchestrating the — essentially the discharge and charging, charging in terms of the small amount.
There’s a single container of our B-VAULT with lithium-ion, combined with the green hydrogen and the fuel cell aspect. And that is the project that we’re building. We are the owner and the EPC. So, there’s a separate company, we own it, and we have a 10 and a half year tolling agreement with Pacific — with PG&E. So, our role is — also the role of asset. So, we’re managing the asset as well. Is that clear?
Joseph Osha: I just heard you say that’s a black start capabilities facility. I assume that’s part of — why that’s part of the attraction of this to PG&E.
