Is China Ready for Alternative Energy? (FCEL 3Q05 Conf Call Quotes)

by: Ezra Marbach

While there are major concerns about pollution in China the focus remains less on environmental issues and more on acquiring whatever energy resources are available to continue to fuel the economy. But are the Chinese planning to address their environmental issues in the near future? FuelCell Energy (ticker: FCEL) CEO Jerry Leitman had the following to say during management's Q3 2005 earnings results conference call (FuelCell develops and manufactures fuel cell power plants for electric power generation):

....Right now their -- China power demands are so strong and they're amount of power it so weak that they are throwing up everything they can to try to keep up with the electricity demand. They are not ready for fuel cells yet. They don't have the environmental concern that would drive them towards fuel cells yet. We have talked to them, but we think that will be coming. There may be some demonstrations in the 2008 Olympics, things like that, but we don't see broad rollout until several years.

(Quotes are from the CCBN StreetEvents transcript.)

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