Moreover, this cash gives the company the ability to start working on important projects within its backlog, offering the opportunity to generate meaningful revenue and setting the stage for strong growth ahead.
Moreover, the agreement with ExxonMobil is no little deal. Not only does the agreement have the potential to drive an additional $60 million through the doors at FCEL, it is largely a research and development agreement with the goal of bringing carbon capture technology to new levels.
As an integral part of this R&D, FuelCell is essentially being paid to develop technologies that have the potential to earn it more contracts and create more revenue opportunities ahead. All in all, the agreement is some of the biggest news that we’ve seen from FCEL to date.
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