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Axion Power Concentrator 169: Oct. 27, 2012: Mr. Investor Prods Viridity Energy, NS-999 Lives, 13th ELBC: Axion's "Operational Stability Of PbC Batteries And Battery Systems" 227 comments
On 10/18, our own Mr Investor posted the results of a communication with Viridity Energy that was good news confirming that the FERC Order 755 implementation by PJM had occurred and resulted in an update to Viridity's web site. It essentially confirms Tom Granville's statement that pay for performance would see substantial increases, which should make the Power Cube even more attractive to prospective customers. It's worth reading the thread following Mr. Investors comment as some reviews of prior Axion conference calls regarding the percentage increases refresh the information we had in hand.
Big news 10/16 was wtblanchards comment noting the NS-999 had been moved into the shop and a lot of enthusiastic commentary followed. Pascquale got a short secondary thread started with a comment citing the Altoona Works facebook page ... and then we hear it's back out of the shop. It's noted that the number of "likes" on these comments suggest a lot of silent followers inhabit this blog.
John Petersen's participation as a presenter at the 13th European Lead Battery Conference, ELBC, has provided additional benefits: he has posted, a brief instablog that identifies slides with information and data he'd not seen before and considers important in Axion's presentation, "Axion PbC Lead-Carbon Hybrid Battery/Supercapacitor ,Operational Stability of PbC Batteries and Battery Systems", to which he has provided a link.
John did a bang-up job on his presentation, in our opinion, and has graciously permitted us to link to a SlideRocket Version of his presentation. It is highly recommended that you take the time, around 20 minutes, to view this if you've not seen it. It is not focused on Axion, but presents some opportunities and challenges facing the LA battery industry at-large.
Our very own (claiming him without asking!) Brishwain was able to attend some presentations and talk to some knowledgeable folks, including John Petersen and Enders Dickenson, Director of Research and Development at Axion Power. Brishwain's observations can be found in his comment section, but at this time these are particularly relevant.
- "... many auto OEMs ... looking at going the two-battery route ..."
- the Ford rep "... whole presentation essentially showing how pathetic the SS performance was ..." when discussing the current battery use.
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Concentrator 154 was headed up by APMarshall's Sep 2012 CEDIA Notes (discussing the Rosewater Residential Hub product), which are worth reviewing if you've not seen them before.
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John Petersen has provided price and volume charts updated through 10/27/2012.
(click to enlarge)
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(click to enlarge)
Links to valuable Axion Power research and websites:
The Axion Power Concentrator Web Sites, created by APC commentator Bangwhiz. It is a complete easy-to-use online archive of all the information contained in the entire Axion Power Concentrator series from day one, including reports, articles, comments and posted links.
Axion Power Wikispaces Web Site, created by APC commentator WDD. It is an excellent ongoing notebook aggregation of Axion Power facts.
Axion Power Website. The first place any prospective investor should go and thoroughly explore with all SEC filings and investor presentations as well as past and present Press Releases.
Axion Power Intra-day Statistics. HTL tracks and charts AXPW's intra-day statistics.
Testing Summary Statistics On Stocks. FocalPoint Analytics has begun an instablog that will apply statistical disciplines to metrics of stock activity to produce summary indications of likely actions going forward. Well worth a visit.
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Be sure and either follow the Axion Power Host ID on Seeking Alpha or click the check-box labeled "track new comments on this article" just ahead of the comments section!
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WARNING: This is a troll free zone. We reserve the right to eliminate posts, or posters that are disruptive.
Enjoy!
Disclosure: I am long AXPW.OB.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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This post has 227 comments:
Yeah, this unprecendented storm's coming right at me, expecting 10 inches of rain, possibly gusts to 80 MPH, but I just heard that Lake Michigan is going to have 25 foot waves. Thatsa fer piece from here.
What a monster this storm is.
HardToLove
Thanks for the preview!
####
Also thanks for the well-wishes, all. Great excuse...I already cooked up about two pounds of bacon.
I've never prepared for a storm such as I have for this one. Never before have I brought inside my smoker, and all the wrought iron patio furniture. Kitchen developing a nice woodsy smell.
Stashed all I could for my next door neighbor, who I may never see again, as she's in a rehab center. Other neighbor I hauled inside all of her glass table tops, other stuff, too.
Fireplace ready to go.
I used to think where I live is one of the safest places in the country to reside. No tornadoes, no floods where I live, hurricanes always die out, no mudslides, no forest fires, no earthquakes.
Well, we had an earthquake last year, a tornado not long ago touched down not far away, and here comes a big blow.
Going to be an interesting week. Hoping it amounts to nothing more than an inconvenience. Raining now in Philly, and the winds are just starting to gust.
– http://bit.ly/WTmX85
I hope your adventures are every bit as boring as mine were.
http://bit.ly/S8uOZv
Lab: This NBC storm tracker has the eye of Sandy pivoting to the north, just when it's over my roof. Big debate about how strong the winds are going to be. This map has wind speeds at 58 MPH when it turns north. Elsewhere, I've read up to 85 MPH expected locally. Probably only going to have power for a few more hours.
It's not so bad right now; only occasionally can I hear the trees get into a roar. Yesterday, I set my barometer at 29.82. Right now it's showing 28.81.
A day watching Stephanie Abrams I can take!
Best of luck to you and yours!
http://nbcnews.to/SV4ov1
Family and friends texting, emailing like crazy. Even USAA sent me an email, with a Sandy damage emergency number to call. That's almost frightening!
Here's an amazing Live Wind Map for all of the US. Very cool:
http://bit.ly/VYU5Mk
Just got a text from my sister in Columbus, Ohio, that gusts out there are already increasing. She also wrote that the New Jersey coast will need to be remapped following this storm. Yikes!
Mayan Maize Gods work fast. Latest update is for the eye of the storm to slip south of here. Now targeting Newark, DE. Still going to have winds exceeding 74 MPH here.
Oddly, the crazy Canadian robins have arrived today in a drove. Earliest ever! Attacking my American holly tree berries.
Probably going to have bird crap all over the place.
Barometer now at 28.44. Plunging fast. When did they stop using barometers? I missed that. Winds now intensifying,
Hoping close trees only stay close.
We here in Bermuda experience hurricanes almost every year.
When one hits we do our best to slightly open a window or two on the lee side (i.e. if its mainly hitting the east side of the house slightly open a window on the west side) in order to reduce the pressure inside the house. This to avoid the roof lifting.
If the house is all closed up air will still infiltrate and the pressure inside will increase. Too much pressure may blow out windows but normally the roof goes first.
As the storm moves by you may well find the wind comes from a different direction. In that case close the opened windows and open windows on the new lee side.
Good luck.
Storm just came ashore at Ocean City, NJ. It's a blessing the storm picked up ground speed, beating high tide.
Far from being out of Dodge, yet. But chances seem to be improving during the past few hours.
Barometer now reads 28.28.
Thanks for the tip! It's a good one. Have had my study sliding door slightly cracked open most of the day.
That's good! Shouldn't get much worse for you as there doesn't seem to be much behind the centre.
When you ears start popping you know you gotta relieve the pressure!
I guess there will be lots of boats coming up for sale soon!
Nice to be able to cook up some dinner. This morning, I thought I'd be eating cold and in the candlelit dark.
Fortunately I bought a portable generator during snowpocalypse a year ago, so we still have power enough for the fridges, the pellet stove, and our electronic addictions.
In recent years it has happened every few months. The last hurricane that came through, August of last year, we were without power for 5 days. Halloween snowpocalypse we went for four days, but the generator kept us toasty and camping out in the living room, unlike previous winter storms.
There was a January snowstorm a couple of years ago that knocked out power for a week. We camped by the fireplace for a couple of days, cooking on a camping propane stove, but finally gave up and went to a hotel for hot showers when we could not stand it anymore.
Slim chance that the full moon may come out on an hour or two. That would be fun to see...backlit clouds ripping across the nighttime sky..
Ack! Power just popped off twice in a minute. But it's back on now.
We battened down and checked the generator yesterday, knowing it was coming.
Hope everybody else out there in the path of Sandy is safe and sound. It promises to be a nasty blow for a couple of days here, as the storm swings around and keeps NY on its skirts the whole time.
POWER IS ON!
I wish that you will not have any problem.
Have a good tieme-Carlos.
The monter Sandy looks terrible. Take care.
Sandy goes over AXION New Castle, Pennsylvania or more to north?
Thanks.
http://1.usa.gov/PZBw8j
And here is the forecast in New Castle:
http://1.usa.gov/S5npd9
looks like temps staying above freezing, so all rain.
Flood watch.
http://bit.ly/QO30dL
"North America is becoming the new Middle East. The only thing that can stop this is politics: environmentalists getting the upper hand over supply in the U.S., for instance; or First Nations impeding pipeline expansion in Canada; or Mexican production continuing to trip over the Mexican Constitution, impeding foreign investment or technology transfers l in North America itself."
That brief section above took a list of major, serious and complex issues and just invalidated them all as 'politics'.
I'm also a little skeptical about the 'reindustrialization of America' on the basis of lowest cost energy feedstocks. The middle East hasn't exactly become an industrial powerhouse despite several decades of oil production leadership.
Anyway, thanks for the link.
D
Ditto that reindustrialization skepticism, D. Mc. But, a good deal of the fossil energy now recoverable through fracking, etc. is located in a region that has other advantages the Middle East lacks. One such advantage is fresh water supplies.
In times past I would have unhesitatingly reached the same conclusion, JP. But as long as Obama is in office there is reason for skepticism as to how stimulative of employment and "re-industrialization" domestic energy resources will be.
http://bit.ly/XVQzAu
You suggest my comment was political. I say it was fundamental economics.
Posting comments with a link to a manifestly biased conservative blog that makes spurious claims about science is hardly fundamental economics
http://bit.ly/WSZZ0K
Upon re-reading the article and looking at their website, I expect they are much farther from production than they imply, at least five years even if it works as they say.
I think the reporter just ignored the fine distinction between cost and lifetime cost. 70% reduction in lifetime cost does not mean much as PbC could endure 2500 full cycles, one could safely claim PbC's lifetime cost is only one-fifth of a normal AGM battery if customers have to do that many deep cycles.
Starts Fall 2013.
http://bit.ly/S2ecU3
For academia, now having grant approved would allow them to post position. So timing for Fall, 2013 is as expected.
http://bit.ly/VxaL7X
# Trds: 50, MinTrSz: 100, MaxTrSz: 35700, Vol 214540, AvTrSz: 4291
Min. Pr: 0.2651, Max Pr: 0.2905, VW Avg. Tr. Pr: 0.2807
# Buys, Shares: 27 75200, VW Avg Buy Pr: 0.2804
# Sells, Shares: 23 139340, VW Avg Sell Pr: 0.2809
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:1.85 (35.1 “buys”), DlyShts 21142 (9.85%)
Starting first with traditional TA stuff, all the oscillators I follow continue to weaken except the stochastic, which is trying to curl up. The readings though are mostly only at a neutral area and there's nothing in play I can see that suggests any strength towards the upside is developing. Our closing price is pretty much centered in the descending trading channel we reentered on 10/17. The range appears to be $0.25-$0.31 and we closed at $0.28.
There is a barely rising trend line, very short-term, that might offer support at the $0.255 area if we should move that direction. It is as yet untested, having only the low of 10/1 as its origin and only one touch at the low of 10/22, $0.255.
Our latest candlestick is a black candlestick that is not part of a pattern I can discern, giving no hints to direction – it's followed by pattern continuation 52% of the time, more or less random.
I had mentioned in days past that if price didn't pull away from my experimental lower Bollinger, we would likely move down. We didn't and we did, after unsuccessfully trying to support the weak pull-away of Thursday.
Right now, since price has weakened, it appears that the 50-day SMA (~$0.3021) has gone from flat to starting to weaken again. Prices exiting the back end of the calculation period are right around the $0.30 range and if we stay in this area below $0.30 the 50-day will continue to weaken.
Trying to find some positives ...
I see a potential short-term rising support that we can construct using the lows of 10/22, $0.255, and 10/26, $0.2651. To build any forecasts on that at this time, before any more days can be seen that might include higher lows, would be premature though.
The price pattern and volume behavior does remind somewhat of last time we were coming into earnings reporting in August, after which we saw a nice move up from lows of $0.28 to highs of $0.33. Considering non-TA stuff, if the revenues continue to show improvement YoY, as they did last time, and we get any positive news from the reporting and CC, we could expect price to again show strong recovery.
Mayascribe had suggested that we might be seeing the end of an Elliot Wave Theory fifth wave down. If his assessment is correct, this could be significant as, possibly after some consolidation (“extension” in EWT?), we should see motive waves up begin, wave one in this case.
Moving now to my experimental charts ...
It looks like average trade sizes are continuing to shed volatility, after I was concerned that it might be entering a trend to go lower. The 10, 25, 50 and 100-day averages are 6788, 6609, 6464 and 6494 respectively. The buy:sell seems to be also vacillating around the “center” with “buy” averages of 51%, 49%, 51%, and 54% respectively for the same periods. Daily short sales, after a brief divergence from trend the first week of October, has returned to having highs and lows gravitating towards the averages, These trends are most easily seen on the charts.
What can we say about price? It stinks and grows stinkier. Continuing to look for positive signs ...
10/1 and 10/2 were at the end of our 18 days below $0.30. 10/1 had a VWAP of $0.2596. It appears that we may have exhausted available sellers at those low prices because 10/2 was much improved and the trades in the $0.26xx range that day and Friday, 10/26, had some strong similarities. Both were very few shares (6K or 2.8% of volume 10/26 vs. 10/2's ~24.4K or ~4.1% of volume). From this, it seems that we have good support at the $0.27 area now as both times we saw trading come right back into the $0.27xx+ and higher area. This can be seen by checking the VWAPs for those days - $0.2807 on 215K for 10/26 and $0.2873 on 598K for 10/2.
My experimental inflection point calculations are showing no relief in sight yet. A couple of the periods had been trying to move up but, as I said a few days ago, did not get support from the other periods and the best I could offer was “keep an eye open”. That's unchanged as only some possibilities are being suggested at the moment.
The rest of the inflection points discussion and “Dly Sht % of 'sells'” stuff is omitted from the concentrator.
HardToLove
http://nyti.ms/QP2kEZ
I.B.M. scientists are reporting progress in a chip making technology that is likely to ensure the shrinking of the size of the basic digital switch at the heart of modern microchips for more than another decade.
http://bit.ly/VxNsuJ
http://bit.ly/UXtQ7B
Bull. He's rationalizing it like it's not a cost adder IMO. We know he's paying more and it should work better than it does. As we've seen with the reprogramming announcement the US consumer will be less forgiving. I'm with John on this.
Equity and Options Markets closed today, 10/29, due to the storm. Fixed income markets to close at 12:00 PM ET.
HardToLove
HardToLove
There appears to be a river to the south of the town.
I believe that the area is hilly.
Local drainage however could be a problem.
Hard to get a feel for the local drainage aspect without talking with the people that have lived there for some time or the city maintenance folks. I was having the same conversation with my youngest who is in Manassas VA. He's in a second floor apartment but we were trying to decide where to position his vehicle. Latest forecasts for his area indicate it might not be as much an issue but you still don't know how things drain over the short and medium terms. Obviously, most places can't afford to design for these types of events even if they had the topography to do so.
And since they mention VA.
http://bit.ly/VyoIT2
BMW recalls cars over transmission control problem
"German automaker BMW is recalling some of its 7-Series luxury cars due to reports of transmission control problems that can cause parked vehicles to roll away.
The National Highway Traffic Safety Administration says the problem has caused at least 14 crashes and possibly 5 injuries. It involves cars made between 2005 and 2008 that have push-button start and electronic transmission controls.
Federal safety officials say the system may leave a parked car's transmission in neutral if the driver presses the engine's start-stop button two or three times in a short span. The cars can then roll away unexpectedly and crash."
http://bit.ly/VXLDwM
Is that a veiled caveman joke?
I think the push button start is different than an actual start/stop vehicle.
talking to your car, car talking back ...
http://bit.ly/KWq8m8
and ...
http://bit.ly/VY5RXm
Shipped it just in time to watch them haul it to the scrap yard.
We should get BMW to put a HAL voice on the "Battery low can't turn off the engine". We'd launch SS with them in about a week!
The Hal voice would be great. Imagine the tingle of fear when Hal says "I can't do that Dave".
Won't it wonderful, that fine day when hackers discover that some or all cars can be attacked through a smart phone network.
Let's see......starting, steering, acceleration and braking are also controlled by the same CPU. But there's a fire wall so we're OK.
Here is a description from another Plaintiffs' firm
http://bit.ly/TqiVRR
I remember a friend in a Triumph Spitfire being towed by his father (a common occurrence). While being towed with the engine off and in neutral he removed the key (probably bored and perhaps too inquisitive. He's a lawyer now). Well the steering locks when you do that on that particular vehicle for anti theft. Almost lost it before he could get the key back in. I think the whole town heard his father! :(
"According to Bosch, the technical center will devote one-third of its resources to the development of start-stop systems for Chinese automakers."
http://bit.ly/SsoVca
Happy to know that Axion can run the sump pumps :-)
Would be interesting PR for Axion if there is a short term power outage in the area but they could show they weren't affected due to back-up power supplied from their on site PowerCube.
PR like you suggest might be interesting but I don't wish the reality on anyone. Even if it is local & temporary. I'd rather it be demonstrated during a summer heatwave than an event that puts people out of their house in cool to cold weather.
Yes, I don't wish this on anyone, but at least we aren't in the dead of winter yet. We had a similar occurrence about a decade ago around here. My house was without power for over a week. I stayed in it for several days by closing all the rooms and running the gas fireplace in the living room, and filling up the bathtub with hot water from the gas hot water heater, but eventually I couldn't keep the place warm enough as the temp started getting down into the teens at night. Finally moved into my work office for a few days, since the university I work for has it's own back-up power system.
Therefore, running at full power, it provides about 30 minutes of power, or about an hour at half power.
Yes, a "typical" residence might use 50 kwh per day, so it would last about four days (parasitic losses become significant). However, few typical residences budget many $100k+ for backup.
For a commercial establishment like Axion, a Powercube does not mean it keeps running effortlessly. Manufacturing and A/C shuts down pretty quickly. Emergency lights, security, communications and sump pumps keep running for a while, but I suspect the office would close soon.
A PC enables a much more smooth and safe shutdown. It does not mean operations continue.
http://bit.ly/TqmJCB
http://bit.ly/TjYmly
http://bloom.bg/QQq2AR
All those windmills. Rushed to build because of government incentives without the transmission lines or the storage for stability. That's because if they included all the costs nobody would have bitten.
"As Reuters reports, an interim debtor-in-possession (DIP) loan from auto parts supplier Johnson Controls has been withdrawn to enable the Wanxiang loan to proceed. Johnson Controls has said it will still maintain its $125 million bid for A123's automotive assets."
http://bit.ly/Phi1Xi
CMU study finds small battery PHEVs and gasoline hybrids the least-cost policy solution to reducing gasoline consumption
http://bit.ly/QQCr80
http://bit.ly/AsznHI
Solar powered cold storage for remote communities
http://bit.ly/WWg8m4
The important piece is the small amount of battery required - ice is a much cheaper energy storage solution than electrochemistry. Note they are using gel batteries, not AGM.
Overall, sounds like very practical.
And if a remaining big seller plans to dump half a million shares in the last three days of October, he may stick to the plan on Wednesday, Oct 31.
http://yhoo.it/WXiIIF
The most amazing part of the release was the market size estimates which don't really sink in until you realize that Enersys' annual revenues are in the $2.5 billion range.
"Our new OptiGrid Stored Energy Solutions answers a critical need in the marketplace and, as such, may provide significant growth opportunities for EnerSys," said John D. Craig, chairman and chief executive officer of EnerSys. "Industry analysts forecast that the global market for large scale energy storage over the next 10 to 20 years could be between $200-$600 billion. We believe the large scale energy storage market is poised for growth in the near and long term and could reach two to four gigawatts by 2016."
Your Toxic article was prescient. When you lose power, and it's cold out there, the first thing you do is text around, see which local tavern is up and running. My local hangout got crushed today.
Electricity these days is almost just as important as food, water, and money.
I was not looking forward to coming home and battling the cold tonight. Friend of mine, who lives down the street, with a newborn, and a daughter, will be staying here tonight, if his power is not restored.
Another friend, who earlier this year, bought a beach front home in Ocean City, NJ...seeing the sand has moved several blocks in there, it looks like his house has serious damage, maybe complete damage.
Driving around here today, there were a bazillion trees down. A school across the street had some of its roof ripped off. Lots and lots of roads blocked off. I drove under one tree, about 2.5 feet in diameter, that was only supported by a trunk line. Eerie feeling doing that.
Lots of news all of you who were unaffected probably know more than I, but this storm isn't over yet. And it the latest track looks like New Castle is pretty close to being a direct hit, that is, if Sandy finally decides to turn north.
Back to caveman style living in the man cave.
Help out the neighbors and friends as it makes it more bearable for everyone. Glad to see you're well aware.
Did you guys in PA invite Sandy to take up residence or something? Jeez, That thing just doesn't want to leave. Maybe it's the bacon!
There is no way into or out of my neighborhood without driving under trees hanging over trunk lines and dodging giant branches in the roads. Getting in and out to work today was an adventure.
A million years ago the glaciers scraped the granite of northern Westchester clean, and the thin layer of topsoil that clings to the lumpy bedrock supports humongous trees-- until the big stoms come through and make the soil too soft. Then the wind or ice can bring down century survivors in this old neighborhood, and we get locked in and have to chainsaw our way out.
Con Ed won't even issue us a ticket number for when they might get around to even investigating our complaint of no power. That's how many homes in the area are without electricity at the moment. And when they do get around to issuing a claim number, it is usually five days to a week before we actually get power restored in our cul de sac neighborhood (near Teddy Roosevelt's Campfire Club in Millwood, NY). They are predicting one to two weeks to get the 40000 powerless homes in Westchester restored.
But we are warm and dry and safe with our little Honda generator to run the fridges and pellet stove, so we are in better shape than many in the area. And my iPad can intermittently get Internet connections over the inundated AT&T cell network. So my complaints are trivial and I am snug as a bug, sittin' by the stove with a glass of single-barrel bourbon to soften the slings and arrows of outrageous fortune.
I have a question for you if you don’t mind?
For speculation only;
Supposing a large global battery manufacturer is looking at the future markets for start/stop, grid storage and locomotive and believes that our little Axion has a product that fits well. I am curious as to the process of placing a value on Axion’s share price if this company were to be interested in placing an offer to purchase Axion and their intellectual property?
Thanks,
RBrun357
Axion's invested about $100 million getting the PbC and operations in New Castle to this point. What started as a science fair project has all the earmarks of an extraordinarily valuable technology. The current market cap of $30 million would suggest that it's all been a colossal waste of time and effort. I think the market has it very very wrong. With those kinds of disparities, coming to a meeting of the minds on value would be tough.
If you're a big guy looking to make an acquisition, it's very hard to come up with a number that you can justify to your board and stockholders and sell to your target's board and stockholders.
I agree with you completely. I was just attempting to play with the notion that a big player might have the same opinion as you do (along with all of us Axionistas) in regards to the future prospects of Axion and its technology and might want to acquire this little unknown prior to it becoming known! I imagine that this scenario has been accomplished in the past with some other disruptive technologies and somehow they derived an acceptable value based on future market projections, etc.
RBrun357
"The unnamed sources also said that Panasonic's small lithium battery industry -- the types which are often used in personal computers and devices -- have been hit hard by price competition in Korea and China.
In order to post a profit, the company attempted to shift production to China, but the effort may have not been successful.
Panasonic's energy unit is aiming for sales of over 1 trillion yen, or 10 percent of the firm's overall sales. However, if the suggested cuts go ahead, it is less likely the unit will reach this target."
http://zd.net/T2lTd4
- UL certification for the Residential Hub?
- More PowerCube news?
- NS doing a big order?
- ..... OEM news?
It seems to me that 2012 is a transformation year and after the flying start in january I did expect the shareprice to be above $1. With the great calculation work from John, it seems that all the big holders have left the building. Lets hope for a big bang of news in the remaining months and that 2013 will be the year of Axion :)
If that's the case, then I hope Axion is holding their cards close to their chest and not announcing on the front end, but announcing on the back end at implementation. Then maybe they have been closing some deals but are not announcing until implementation occurs.
All pure speculation - with NS battery purchase and mini PC they announced on front end and with PJM they announced at close to implementation ...
I hear you Stefan. My speculation regarding likely news before the end of the year rests heavily on Axion's purchase of 40 ton activated carbon in less than 4 months when operating capital is tight. Each of those activated carbon purchases cost $300 - $400K and support manufacture of 12K - 20K batteries. Without battery sales volume in thousands, materials inventory accumulated in Q2 & Q3 could amount to $500K-$600K when capital is limited. I think it far more likely the second 20 ton order delivered in September was purchased to replenish supplies from the earlier shipment that had been used in PbC battery production shipments. With FR service premiums now in force, PowerCube sales seem a likely candidate to account for battery volume sales in the multiple thousands range. There are no signals NSC has taken delivery of the $400K battery order announced in April.
Possibly, though I was addressing the assembly and shipment of batteries sold rather than date of purchase orders. I can visualize battery shipments in July - September in response to purchase orders received in February - March. If that is the case it might go a ways to explain TG's exuberant revenue outlook in the year-end conference call Q & A.
Do you think Rosewater will implicitly or explicitly refer to Sandy in their marketing?
I've been curious about this as well. I seem to remember somebody here valuing Axion's physical assets around $30 million. But I don't recall any mention about what their intellectual property / patents might be worth.
It seems a number of transactions took place in the tech space this past year where only patents were purchased (valued at up to a billion dollars). I think Kodak was one company who sold some of their patents.
Anyway, seems like Axion's patents alone would be worth far more than the current market capitalization.
In theory, successful R&D projects should have enough value to compensate for all the failures and generate a profit. In an industry with a 95% failure rate for R&D, you'd expect the successful 5% to be worth 20x to 30x the cumulative investment. It's too early to be pounding the table for a billion dollar market capitalization, but its certainly not an impossible dream.
http://bit.ly/Scjj35
HardToLove
HardToLove
Frustration should be self-evident.
I'm in a state of Missouri.
HardToLove
And so you win the prize. I was afraid nobody would get it! One decorative TFH on its way.
http://bit.ly/Uh5xw5
1.00 GBP = 1.61045 USD
The Zoe and the Twizy. I guess not marketing to men. I want my car to have a manly type of name - something like a Ford Probe - at least it sounds like something to do with having the prostate checked.
I'll hold back on any complementary remarks along the lines of health checks et al for fear of censorship or worse.
http://bit.ly/Y0cExR
D
Or, for the more upscale retromeanderthal there's this fine ride with attached range extender and side car(t). Can't think of a name for the thing.
http://bit.ly/RrtDU5
My favorite part is that you can fast charge 80% of the battery in 30 minutes. Of course that will take an expensive fast charger.
But who cares, when you can simply pre order a car for under $100. Can't wait to see the cancellation rate.
Renault battery lease has a replacement capacity guarantee at 75%
http://bit.ly/QWxNVT
and the ZOE battery lease rates seem to increment about £8 per month per 1,500 mile pa (36mnth battery leases 7,500 mile pa is £70 per month // 12,000 mile pa is £93 per month)
one aspect to note, the 2013 Clio, Clio estate & ZOE seem to share the same wheelbase and wheeltrack..
For 2013 (UK market anyway) Renault is widely implementing stopstart on the Clio (wasn't available 2012) and simultaneously seems to be dropping the automatic transmission option. (An EDC will come available later - for a premium)
As functional StopStop needs to maintain steering and braking function with engine off, it appears that Renault is sharing production synergies between Stop/Start and EVs, to the point of reducing conventional vehicle options. There is probably also partial parts sharing in the high efficiency airconditioning components between the 2 types.
As is, a ZOE is priced midway between its manual petrol (Tce90) and manual Diesel (dCi90) equivalents, but is "auto transmission".
Autos, trains and molasses in January.
Maybe some sports action while we wait for an inflection.
http://bit.ly/Q99AP7
October 19, 1955: After having problems determining a suitable name for the E-car, renowned poet Marianne Moore was approached to submit inspirational names.
November 7, 1955: Marianne Moore began to offer her list of names, which included such notables as "Resilient Bullet", "Ford Silver Sword", "Mongoose Civique", "Varsity Stroke", "Pastelogram" and "Andante con Moto".
December 8, 1955: Miss Moore submitted her last candidate: "Utopian Turtletop".
Surprisingly, no where on this list of inspirational names does "Twizy" appear.
Plenty of fence-sitters who might need everything from the most basic HUB to a fleet of Power Cubes just got a wakeup call.
Wonder if Rosewater will team up with specially selected solar installers that charge more but increase the odds of your solar installation "weathering the storm?"
From Wikipedia:
"In some parts of the world (Thailand and Malaysia), trained pig-tailed macaques are used to harvest coconuts. Training schools for pig-tailed macaques still exist both in southern Thailand, and in the Malaysian state of Kelantan.[33] Competitions are held each year to find the fastest harvester."
a monkey harvester.
http://bit.ly/Y0pqwj
I'm curious, but have been unable to find the approximate value of one coconut. From what I've been able to gather, nothing goes to waste.
http://bit.ly/RrBi4L
Death knell for wind farms: 'Enough is Enough' says minister
http://bit.ly/TXD6IZ
While the Mail Online is reporting:
Ten years too late, it’s good riddance to wind farms – one of the most dangerous delusions of our age
http://bit.ly/RrKIgy
http://bit.ly/RrRmn8
I was hoping to see a sale come out of that - maybe its has but hasn't been delivered and announced ... one can hope right?
Presentation on Ft. Meade too, but that seemed to get shot down by the email exchange somebody here had with Ft. Meade.
America still has creativity as its main source of future power.
Great video, John,
Thanks
http://bit.ly/RvTdZV
Don't have full access to this one, but nice to see someone in the business starting to scale ... hopefully, responsibly (A123)
http://bit.ly/Q6Qcm3
http://bit.ly/T7CXOS
http://yhoo.it/VDXKcB
"-- Approximately $200,000 from GE Corporate will sponsor research in the College of Engineering on the UG Mining Durathon Battery Advanced Packaging project, which will study the feasibility of employing GE’s Durathon industrial battery in underground mine cars. This innovative nickel-sodium battery lasts longer, is more efficient and would lead to greater productivity than the lead-acid batteries currently used."
http://bit.ly/Y1xLjn
I'm sure it's been filled.
2K, 9.4K, 5K went off at .271
There is 5K bid at .27 on ATDF
MAXM still creating havoc ... offering 5K at .271
next is ATDF offering 10K at .2799 and 3 others 5K at .28
By Matthew Brown - Oct 30, 2012 (Bloomberg)"
http://bloom.bg/T7L2Tv
"European utilities’ preference for burning coal to generate electricity is pushing up carbon emissions even after the region invested twice as much in renewable energy as the European utilities’ preference for burning coal to generate electricity is pushing up carbon emissions even after the region invested twice as much in renewable energy as the U.S. since 2004. In Europe, gas costs three times as much as in the U.S., cutting competitiveness at industrial users such as Germany’s BASF SE (BAS), the world’s largest chemical maker.U.S. since 2004. In Europe, gas costs three times as much as in the U.S., cutting competitiveness at industrial users such as Germany’s BASF SE (http://bit.ly/wIdRmS), the world’s largest chemical maker.
...
Burning coal has contributed to a 10 percent increase in EU carbon-dioxide output this year through September, according to Bloomberg New Energy Finance. First-quarter emissions from power generation in the U.S. dropped to the lowest since 1992 because of increased gas usage and a milder-than-normal winter, the EIA said in an Aug. 1 report."
I'm also a fatalist.
The Greens are not part of the current german government.
However, they were between 1998 and 2005 under Chancellor Schröder and brought us the EEG, aka feed in tariff that drives electricity costs up for consumers.
As an aside, Schröder is now involved with Gazprom, were Germany gets most of its natural gas.
Two years ago there really was a situation close to freezing in the dark in winter, when the Ukraine closed the transit pipelines between Russia and Germany trying to raise their transit fee. So this is not all about price, it's mostly about independence from Russian gas.
Btw. I don't know about Switzerland, but most of the houses have gas or oil heating, only very few people in Germany use electricity for heating (except for control electronics of course).
One could argue that the grid is more stable during winter, because PVs are basically not feeding in anything.
P.S. I'm a fatalist as well
"Knight Capital, cuts off trading (REUTERS)"
http://bit.ly/Rw4vgZ
"Knight, a top U.S. market maker - a brokerage that buys and sells stocks for clients and ensures orderly trading - said the generator failed before midday, affecting its institutional equities sales and trading, and market-making businesses."
"Dow Chemical to take charge of up to $1.1 billion
REUTERS — 10/30/12
By Ernest Scheyder and Deepa Seetharaman"
http://bit.ly/T7VcU6
"Roughly $400 million to $500 million of the charge will be in cash payments for severance and other items. The rest will be to write down the value of some projects, including the Dow Kokam venture
...
It was not immediately clear if the Dow Kokam plant is still under construction. Dow Chemical spokeswoman Rebecca Bentley said the plant is producing battery parts, but referred additional questions to a Dow Kokam spokesman, who did not immediately respond to a request for comment."
Jalopnick is reporting that 16 Fisker Karmas were caught in the storm surge at a port in New Jersey. The cars then caught fire, exploded and burned to the ground.
http://bit.ly/Rt4Dzo
Seems that salt water and batteries don't mix well.
Sure. A short happened to occur in 16 vehicles exactly the same way. Sure. Couldn't be that Lithium chemistry, could it? No, No. It was probably a short.
Untested safety concerns thrust upon the unsuspecting public. Maybe a warning label should be stuck on the car like the current airbag warning.
WARNING:: If you plan on using your Fisker Karma near the ocean please wear the fire retardant suit provided underneath the spare tire
No sense carrying a hammer to break the glass if you drive into a waterway. That problem's solved.
Wouldn't you love to know how a Tesla would have held up?
Now that we know a lot of salt water is a very bad thing for a Karma, the question remains – what about heavy salt spray from roads?
Inquiring minds want to know.
Nissan's Leaf survived fine in Fukushima tsunami, no fires
http://bit.ly/RsAInm
I can stop wondering I guess.
HardToLove
Lack of news reports of seawater autoignition more likely indicate lack of salt water "testing" rather than innate safety.
This link http://aol.it/TVMqXT "brags" about the pre-production water testing done for the Volts. While the voiceover claims it reproduces all real world conditions, the video appears to be simply a 8 minute car wash. "Pathetic" was my first adjective. It is strictly a fresh water test, and looks like it would prove not much of anything driving through deep puddles.
Re: http://bit.ly/Rt4Dzo
http://nyti.ms/SqgOuQ
It would be fun, however, to see an EV on a beach commercial where a wave washes in, the car creates a pair of huge rooster tails and emerges in a ball of flame.
I realize that a short could occur the same way in each vehicle if they were covered with the same water at the same time. A rising tide effect. Not being a chemical engineer or anything, but could it be that simply seawater and lithium mixing together causes a chemical fire? Inquiring minds do want to know. Give Fisker credit though. They did independently investigate the last fire and publish the results in a press statement.
http://bit.ly/QV0539
http://bit.ly/Sdr3BP
http://bit.ly/SwXX3W
HardToLove
HardToLove
Li-ion battery makers accused of price-fixing in lawsuit
http://aol.it/SduXKS
http://bit.ly/QV8dRj
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A diamond in the rough,
This stock sure is tough,
If you've not had enough,
Call the market's bluff and ...
Proceed to the next concentrator.
http://seekingalpha.co...
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