FuelCell Energy, Inc. (NASDAQ:FCEL) Q4 2023 Earnings Call Transcript

After solving those things from a technical standpoint and both sides being comfortable with the results that we were able to generate, the next phase was to move to this demonstration project and we’re really excited to do that not only because it’s Exxon and they’ve been our — who we’ve worked with jointly around optimizing the technology, but like they said in the press release that after successfully demonstrating, this is technology that they think they could deploy at their other sites. And if you just look at them as a customer, right, that’s a pretty significant opportunity. And then if you open up the aperture and you look at industrial customers broadly, that is a significant market opportunity for technology like ours that will capture carbon and produce power simultaneously and have the benefit, have the optionality of delivering other benefits, like hydrogen, as part of the platform.

Noel Parks: Great. Thanks a lot.

Jason Few: Thank you.

Operator: The question-and-answer session is now closed. I’d now like to hand back over to Jason Few for closing remarks.

Jason Few: Ellie, thank you. We will continue to execute our powerhouse business strategy with the goal of delivering growth and optimizing returns. Thank you all for joining the call today and for your interest in FuelCell Energy. We wish you all a peaceful and happy holiday season and we look forward to updating you again next quarter. Have a great day. Thank you.

Operator: Thank you for attending today’s conference. We hope you have a wonderful day and happy holidays. You may now disconnect.