|The CEO of H-Power speaks on Radio WallStreet.|
Dr. Frank Gibbard discusses H-Power fuel cells and their plan to market them.
Multiple markets targeted:
Stationary Rural, Residential, and then infrastructure-less markets (the 2-billion people without power)
Power cost forecasted to be in .12 per kWh range, could be very attractive to people in areas that are now deregulated (where costs have doubled or more).
They are working to deliver 20 thousand units in the next 36 months, mostly into the 81 Million-dollar ECO Fuelcell backorder. Stationary unit costs to fall to $ 5,000 price point in 36 months.
The units will be able to work on propane or natural gas and run in the high 60 percent efficiency range with the waste heat-recapturing feature. This is better than centralized power generation!