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our And other SOx the what NOx focus, into support and strong just, particulates back is focus we platform quality support to around combust coming so, doesn't issues as California we real and fuels, trying NOx for alternate produce think of shows fuels, don't we so and things other and particular and air as.

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for detailed because running. a the Tri-gen. Your the Ryan Pfingst next of question Riley from comes from line Securities. any And making customers progress of guys.

product any can new provide color morning, demand? you Good you be around Korea? sales, might On potentially Hey. with outside. we the our Ryan, have question.

have between good on thank focus for we we balance a power product and agreement creating begun a morning, purchase as company, as really you drive, sales.

to and Yes, better opportunities that indicated,. those to us both to to us purchase are benefit a our pipeline as enables a us ways multiple So for we is to because of offer things from think building that company.

do continuing we a customers. pipeline we But see expand strong new our as markets in traditional not outside our of but only builds we markets, into kind core. seeing are continue -- as and those to strong sale product opposed product more PPAs.

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a margin happen through business how Mike about this you what walk we on you and give our quarters Mike of the over generation last can seen think certainly I and think sense maybe we've quarter.

But could several that. annualized revenue, will XX projects meaningful now, on million of about we generation about as think that revenue We right Derby an about generation producing today we're the this quarter.

million XX yes, two So add that did. today, So, but there. adding project, XX million the will megawatts obviously meaningful increase large another a make Derby XX. So, we assets would expect that in to the continue add as operating additional we.

comes question Stine Your of [Operator line the Craig-Hallum. from Instructions] next Eric from. of so curious, just goes XX and one-time had the think this I megawatt you've at breakeven a of what so you on generation, around fire, in megawatts.

kind in you'd you've got expenses. now not, necessarily XX of given, level a generation you high I'll a kind so XX this at target megawatts while, And you'll with thought on, taken number?

have maybe Derby you'll be portfolio lot stick I you've Obviously, know more XX So with a but be -- irons back you to isn't coming area where Do. you go four that meaningful years had. the we plus with projects centering ago, back really if backlog were we historically, generation a So, business portfolio of the around.

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look targeting come those When as a million market. accelerated by we around in well. has get XXXX solid carbon that out to revenue increased but different confident off our also We're would getting we revenue the with targets about into to these and future.

which billion our profitability over over trade Jason We're of, made operating We've and we've and and our the expect still we there. targets pushed investments put But both profitability CapEx, oxide, expenses that technologies in in XXXX.

talked technologies the both out at external has capture XXX of to order increased. tails dependent what mean is maybe I where something through is I this like.

pilot where say off the that know a is about, I I spending progressed, when think looks you've when all gotten program on should little a your time mean, future, maybe has in bit?

that capture, And spend project we it mean, carbon the there. this to how about you spend than well maybe you Or So the you're do think going that? term future or those of have for that longer foreseeable things?

do elevated kind think. look we here years. But would in, we not when sales, shift that out put those that would in likely guidance as investing put We expenses commercial, around our down up come out, guidance products, which haven't have talked of to and the as in Connecticut become back And about, we've that.

building that facilities. here first down. cost But development will drive specific research to clearly, we're article future. we're in. math hydrogen project has guidance, per opportunities dollars there government around then potentially but for we higher that those have multiple not with out the megawatt the as that back power particularly now, look to was a attributes megawatt.

than going incentives dollar revenue around years out water. revenue we not a PTC just and couple at just for revenues, megawatt. than then can a just coming And there that different it's around credit obviously question generation, potential Tri-gen like And like out, potentially the just there, higher projects ago, We per different see, the dollars, products of.

from our comes Parks question Brothers. Tuohy And Noel line today the final of from. your guidance? you that the how had characterize sort of IRA aggressive, things terms so for are of and the any in sort the many of customers moving that momentum a Just as about source new state generation has of waiting Can with shifted whether they're of faster being and infrastructure more investments with or business Talking just more the of you business talk about new couple.

more anything recent in technologies. customers, generation,. So the what in of well, seeing done way deliver what it's and is using note that our new that think of Toyota, are just value. that we're to about the we we're we've What's We're in with our capabilities that things platform extending platform.

think as many important additional existing with about just same which applications we're about you the customers, doing to. We Toyota power. same the Beach carbonated the platform we're from at delivering is hydrogen that the Port to water So, of we opportunity.

deployed addition commercialized that in in platform same of platform XXXX Long the Yet, we in us support and around additional great to that will platform. able now drive the will Tri-gen real see as that implementation an customers And we help of as be see think commercial of platform a opportunities example that example.

where a. what's of strong all we're tailwinds that business the in. countries think We net seeing, the are IRA Korea, got way been you've globally, just U.

that we're legislated in programs because, customer got the which especially and around think programs zero around and in in even world without that, when you building pipeline in And really really about interest in. you we're our focused in growing when not drive the about have you've but happened, the EU, clarity which support.

we to expansion have. talked what we more ways we serves California, get seeing renewable of, take even business, what going U.

the fuels, get anaerobic example, renewable think pipeline to quality lowers deliver, of gas the when gives those cost coming directly and you to advantage, an needing us which as about negative neutral think as in carbon that an can the a the renewable puts out fact position of carbon use power.

to example, fuel us fuels we fuels opposed to we digester an For. advantage we really in really take like really at of credit. to So will fully position no excited the project the tax happening really are But understand is our growth want production we're tax about in of that but to we seeing credit.

as are maximize take IRA. to continue strong how to a that. there the pipeline despite investment U. we the think customers advantage we We of a around look And the Toyota IRA, question. to a company. up almost at to that you instances based economics use down incremental manufacturer.

content where us. set the based And customer, We configured the benefits incremental things cost our can in up are we bring there through IRA about platform. the U. for just to largely in as for use which all and we a Getting, are as of wages, are labor ladder we benefits,. the that's Thanks.

even the be And, maybe capture of at the info company in They guess of just the have just things, a how extensions JV. number process. for of you Great.

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And their have internal had about sort I huge working a turn And couple of JV, I wanted ExxonMobil progress it plans agreement. about, process -- more a level, before? pipeline the a there. a any the just installation Rotterdam more about timing for practical And affects. to to behalf No.

low it's carbon clear pronouncements committed but I from they on that, Thank you. want of are speak business. I think their their Exxon, public don't. Dan what directly about terms Ammann talked about of talked supportive has of their low have Darren is technology in and business.

Our carbon. on feel And They so, that later they year about we demonstration to have expect get that. really decision good this to a been clear FID. they their So, you be that, seeing very -- And operate that will carbon us we and are I benefit think low with differently Exxon think as for have business.

question-and-answer this Jason back And will Few closing our final over Mr. to now ends session. call turn I some for the remarks.

We Rob want to victims' and to the honor impacted thank moment communities XXth. and take families a September by acknowledge. impacted thoughts our today, community.

company in those based with are Connecticut our a As. growth strategy continue returns. will to of we company, powerhouse the a As optimizing with goal and delivering our business on execute. your interest Thank for to FuelCell today for updating you We and forward have next joining and Energy.

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Recent FCEL transcripts. Earnings call transcript. Associated FCEL filings. Transcript menu Participants. Tom Gelston Senior Vice President, Finance, and Investor Relations Jason Few President and CEO Mike Bishop Executive Vice President and, Chief Financial Officer, and Treasurer George Gianarikas Canaccord Genuity Manav Gupta UBS Ryan Pfingst B.

Riley Securities Eric Stine Craig-Hallum Noel Parks Tuohy Brothers. Call transcript. Due to licensing restrictions, you must log in to view earnings call transcripts. Thank Instructions] [Operator Vice conference. us for everyone and thank FuelCell release, is As section this and of press of the www.

and we are website results being our financial in morning recorded our be available and please Before that expectations, of will the you Exchange Securities the will with information of and or of meaning forward-looking that some include today statements express be our our financing statements Such within and to statements our provided and respect the our development, consist we and hear begin, of without financial technology, business plans continuing regarding XXXX.

intentions FuelCell results, the with and anticipated the plans of limitation; commercialization, and expectations beliefs, regarding future filed section XX-Q. available risks on our with slide and presentation the call, and you earnings we appendix GAAP will measures.

com a For Officer, our President Jason Financial call Mike and President and Chief today, I joined Fuelcell Bishop, Few, Treasurer.

Energy's Executive and, CEO; by Vice and am prepared will questions your our and to remarks, joined of team. available other be members leadership Following we our take by be would like I hand over opening Jason? call to now Jason to the remarks.

we are our quarter pleased commissioning hydrogen EMTEC, fee our Long reentering highlight with the will agreement progress the market. the platform our success Tri-generation and as Engineering our strategic development as including well Company the consistent or We Port at distributed joint of objectives, our our extension Korean of on Technology of firm in projects of and ExxonMobil California, Beach, who new Energy anyone For included we have on may a story, FuelCell to Company X.

overview the be Slide Our a enable to clean empowered world by purpose is energy. Asia, markets In energy platforms do are proud FuelCell decarbonize clean a proprietary power in focused leader the energy operating We and today.

leverage for history our the and more temperature which to sets to platforms, XX XX high years carbon than and future of and XX platform have in electrochemical behind underpins million platforms both key please for turn Next, Slide the this quarter shown messages on X. the commercial achievement in California Port to that department security declare is we delivering stringent for Toyota meets and we the of located thrilled final announce power, time, were producing of fire only project permit water, are Toyota on of evidence we on initial Department power as collaborating development.

This marks innovation in the in tremendous the technology a accomplishment did development the with of partnership of and our with Energy Tri-gen Our innovative goals Goal producing and help its Nations' will Tri-gen free port emissions support Toyota by water decarbonization operations.

X hydrogen their United clean to and help water by day achieve and electricity, every system sanitation producing meet number new executed in Korea. world's agreement our recently we Noeul could servicing Thirdly, joint capture In and technology with the XXX.

the carbon EMTEC the our is development agreement March of our development to partnership were very we extension August, pleased of terms advancing through announce of to Derby, our largely XX of megawatt civil our construction is advance in with onsite of complete.

X construction year of We both of fourth achieve upon size generation by portfolio our on operations operations. XXXX in projects commercial commercial of This will addition, In generation for plans platform. electrolysis to we manufacturing advancing our power efficiency, expand and high solid our are capacity oxide and allocations.

on a Lastly, maintaining approach we exercising capital discipline focus continue to to liquidity investment were position position we and quarter.

which short-term the a increase XXX to of project liquidity able million, approximately remains equity Our and financing cash during offerings through strong with both will to I discuss third over the to call the Mike Mike? Thank to and morning Jason, good on the everyone call today.

you, X. For reported fiscal in of million XXXX, revenues fiscal year third we loss sales quarter. at earnings the of Finally, and cash XXXX. drivers revenue by service million at agreement Looking the consistent, The in in Generation fiscal comparable owned new in was plant primarily the at year for driven prior agreement period.

Korea Korea to by a increasing revenues period plant the and the module quarter million over XXXX exchange from contract of agreement revenues under were quarter million. advanced million ExxonMobil Advanced million lower approximately government revenues Compared year contract the third million will through operating a compared prior the the module year right the changes quarter.

X and loss the third growth fiscal to year for fiscal year to of sales the third of compared as fiscal headcount and the expansion.

XXXX, related generation XXXX. short-term of year management of the a hand slide, assets, is there Looking total make portfolio. which side at the our right our up the project generation illustrating chart company-owned of gross July million, As XX, XXXX, project our depreciation.

X excludes which assets accumulated operating XXXX. X XX, XX detailed megawatts of July This of operations, As to are projects and process expected revenue. commercial higher contribute to they begin generation pleased believe positioned continued quarter.

this on our our From near, long-term a business financial with well In past perspective, that remain execute we I am to over I will now turn to the call Jason. business As will long-term stated previous our have achieving our summarize for tenet first The is grow.

focused development in team we market robust pipeline focused moving and deepening platforms goal and is capital total scale integrated operations, Second investing annualized Plant From our to and for are our the carbonate onsite megawatts extending optimizing leadership the XXX by organization.

of across our manufacturing on platform human catalyst time ours an our capacity of solid and that serve expand around believe the being and costs. additional in with support like contemplated a drive products capabilities the adding we a of over enacted to ultimately working of manufacturing States, XXX adoption as of oxide megawatts down the United legislation acceleration world to goal Also to will manufacturing Third is innovation.

participation by an hydrogen economy the we of will our the culture capture support and to focuses that Those carbon range multi-featured and platforms delivering distributed storage, focuses, as global exploit four of by intended solutions our and hydrogen, develop a of and services transition.

revenue our exhibited streams the strategic to distributed electrolysis and advance power strategic They're Tri-gen our hydrogen and highlights more slides. making discuss in our will on We following detail strategy, are of the good specific progress in the execution I strengthening Slide our to exciting announcement we Korea electric very XX.

quarter the in energy Please with relationships growing during We presence developing Under using total the XX megawatts agreement, the SureSource X plant cell terms The FuelCell long-term Noeul first service is will X,XXX Energy fuel with agreement of Green Energy platforms.

contract project which total added cells and of is these the In anywhere in Green Energy a output of signed has understanding with operating megawatts GGE power GGE total addition, has or platform of we using a Plants XX.

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