And if they are just looking to buy it as a capital equipment, of course, we are the company that has the scale and the gigafactory that can support the kind of the demand and the needs that they have. But rest assured, we got a lot of those discussions going on both in the US as well as in Europe, and we certainly see this being a big opportunity.
Manav Gupta: I have one quick follow-up. Recently, you introduced your HL 1500, the market’s first portable hydrogen refueler. I wanted to follow up on it. How are the conversations with potential customers going with that product, do you see that product making an impact to your top line in ’24 and ’25.
Andy Marsh: I’m going to hand that one over to Sanjay also.
Sanjay Shrestha: So we’re actually sold out with that product for this year, so that’s how the demand is. We have transit companies that are super interested in it. We actually have — that even opens up some of the traditional existing market for us even on a smaller size, because of that mobile refueler. It actually has a lot of application for fuel cell electric vehicle companies that are looking to launch Class 7 and Class 8 trucks before the whole infrastructure gets built out, right? So we’re completely sold out. It’s a very good margin business for us as well within our cryogenic business. You will see a big impact in Q4 of this year with that revenue. We see substantial growth coming out of that business, both in 2024 as well as 2025. And this product already has a gross margin that is within our corporate target that we have articulated in the past.
Andy Marsh: I would just add, Sanjay, it is so critical to transition, because if you’re thinking about going with five or six buses to start or you’re trying to think about using four or five vehicles, this is a tailor made product to really support the development of the industry, and it is really a unique offering.
Operator: Our next question comes from Colin Rusch with Oppenheimer.
Colin Rusch: As you guys look at some of the challenges in and around interconnection for renewables and some of the larger power systems. Can you talk a little bit about you’re seeing in terms of incremental project development demand on the stationary power side, but also how folks are thinking about potentially diverting some of that power into hydrogen to avoid some of the interconnection challenges?
Andy Marsh: So Jose, who’s not with us today is — we are seeing substantial demand and activities associated with especially powering EV vehicles for folks who want fleets for delivery vans, people want buses, which are electric vehicles where the availability of the grid just is not there. We have orders that we could ship up to 17 megawatts this year. Next year, our internal forecast show 50 to 75 megawatts. I think everywhere we go that is a challenge and that the stationary product really helps people overcome that challenge. I really like that market, because it’s really, to me, like the work we’re doing with SK for Hyverse, it’s really to us the future peaker plant that we’re getting all this learning, developing these products, which eventually will replace gas turbines and we’ll sit side by side with solar and wind generating hydrogen during the off when the wind is blowing, using the stationery to back up wind and solar farms as well as ultimately how nuclear rolls out, there’s really a close correlation for peakers.
