Nelson Leite Presentation FuelPositive COO Nelson Leite led an overview discussion @HCWCO’s Global Investment Conference on May 23-26, 2022. https://bit.ly/3y5SWcl
Some interesting bits collected by a buddy:
- On schedule. First demo system to be installed Sept or Oct. Numbers 2 and 3 coming right after. Pilot farmers, committed to purchasing these units, ready to go.
- Sophisticated, easy-to-use system. “Designed a system with over 145 remotely monitored points so that FuelPositive, can monitor it, optimize it, and maintain it from our location and use our machine learning and A.I. software to keep things running smoothly.” “There’s a control head. The control head could be located in one location. And you can put the units, the generation units in multiple locations.”
- Now using price of California carbon credits in their example.
- Demo system being built is the third generation. “Started out with a bench top lab system and that gave us some initial set of numbers and we made a larger prototype system and that validated those initial numbers and that allowed us to scale up to the demonstration system.”
- Current demo build. Hydrogen and nitrogen generators checked and nominal. The ammonia converter (the proprietary tech) being put together now (May 23).“We expect within about six weeks we’ll be running ammonia for those.” [That would make them operational around July 4].
- They have a variety of purchase models. “We’ve got the outright purchases, we’ve got like lease options, we’ve got some, some other where we’re sharing risk.”
- Expect government support. “There’s going to be financial support for the farmers because let’s say a province like Manitoba is recognizing that the food shortage is going to is not going to be solved by not putting fertilizer down. Right. So they want to make sure that there’s fertilizer, fertilizer machines and supply in the pipe coming down.”
- Generating lots of interest. “Europe is just calling us on a day to day basis.”
Nelson in Miami: - “So one farmer could buy one system of the control head and then distribute those systems out and stack them up so they could go from doing a 100 tons to a thousand tons a year fairly quickly with the same control head. So it’s it’s very feasible that they could scale them up. But 100 tons a year is good for a farm that’s roughly 1200 acres. This farm, Manitoba’s 11,000 acres. So his plan is to initially purchase the first unit, get that unit up and running, apply it on those fields next year and then start scaling up. So he would need six systems to do all the ammonia.”