FuelCell Energy, Inc.

Good morning. My name is Rob and I will be your conference operator today. At this time, I would like to welcome everyone to the Fuel Cell Energy third quarter 2023 results conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again press the star one. Thank you. Tom Gelston, Senior Vice President, Finance and Investor Relations. You may begin your conference.

Thank you. Good morning, everyone, and thank you for joining us on today's call. As a reminder, this call is being recorded. This morning, Fuel Cell Energy released our financial results for the third quarter of 2023, and our earnings press release and our SEC filing are available on the investor section of our website at www.fuelcellenergy.com. Consistent with our practice, in addition to this call and our earnings press release, we have posted a slide presentation on our website. This webcast is being recorded and will be available for replay on our website approximately two hours after we conclude the call. Before we begin, please note that some of the information that you will hear or be provided with today will consist of forward-looking statements within the meaning of the Securities Exchange Act of 1934. Such statements express our expectations beliefs, and intentions regarding the future and include without limitation statements with respect to our anticipated financial results, our plans and expectations regarding the continuing development, commercialization, and financing of our fuel cell technology, and our business plans and strategies. Our actual future results could differ materially from those described in or implied by such forward-looking statements because of a number of risks and uncertainties. More information regarding such risks and uncertainties is available in the Safe Harbor Statement in the slide presentation and in our filings with the Securities and Exchange Commission, particularly the risk factor section of the most recently filed annual report on Form 10-K and any subsequent filed quarterly report on Form 10-Q. During the course of this call, we will be discussing certain non-GAAP financial measures and we refer you to our website and to our earnings press release and the appendix of the slide presentation for the reconciliation of those measures to gap financial measures. Our earnings press release and a copy of today's webcast presentation are available on our website. Again, it's www.fuelcellenergy.com under Investors. For our call today, I am joined by Jason Pugh, Fuel Cell Energy's President and Chief Executive Officer, and Mike Bishop, Executive Vice President, Chief Financial Officer, and Treasurer. Following our prepared remarks, We will be available to take your questions and be joined by other members of our leadership team. I would like to now hand the call over to Jason for opening remarks. Jason?

Thank you, Tom, and good morning, everyone. Thank you for joining us on our call today. Today, we are pleased to announce another quarter of strong operational execution. We will highlight our consistent progress on fee projects and strategic objectives, including the commissioning of our tri-generation distributed hydrogen platform at the Port of Long Beach, California, the extension of our term of our joint development agreement with Exxon Mobile Technology and Engineering Company, or EmTech, as well as our success in reentering the Korean market. For anyone who may be new to the fuel cell energy story, we have included a company overview on slide three. Our purpose is to enable a world empowered by clean energy. We are proud to be a global leader in clean energy technology. In simple terms, our proprietary fuel cell technology platforms do two things, decarbonize power and produce hydrogen. We operate in North America, Asia, and Europe, and we are focused on entering additional markets around the world. We have 95 platform installations in commercial operation and have generated more than 13 million megawatt hours to date. The technology behind these high-temperature electrochemical energy platforms underpins both our tri-generation and carbon capture platforms, which we believe enables Fuel Cell Energy to leverage 20 years of operating history and sets the stage for us to meet the evolving needs of our current and future customers. Next, please turn to key messages for this quarter shown on slide four. First, we were thrilled to announce that the Toyota project located at the Port of Long Beach in California is online, producing power hydrogen, and water, including delivering hydrogen that meets the stringent security specification required for Toyota's mobility applications. At this time, we are only waiting on the receipt of final fire department and related building permits required to fully declare achievement of commercial operations. This marks a tremendous accomplishment in our technology development in partnership with Toyota and evidence of the power of collaborating on innovation as we did with the Department of Energy on the initial Trigen development. Our innovative Trigen system will help Toyota achieve its decarbonization goals by producing emissions-free hydrogen and electricity and help meet United Nations Clean Water and Sanitation Goal Number 6 by producing water every day to support their port operations. Secondly, we're making progress in growing our business in Korea. Most recently, through new service opportunities during the quarter, we signed a long-term service agreement with Noel Green Energy and executed a memorandum of understanding that outlines a potential business arrangement that could see us take over the long-term servicing of the world's largest fuel cell park. Thirdly, the development of our carbon capture technology in partnership with EmTech is advancing well. In August, we were very pleased to announce the extension of the term of our joint development agreement through March 2024. Fourth, in Derby, Connecticut, onsite construction of our 14 megawatt project continues to advance with installation largely complete. Onsite civil construction of our 2.8 megawatt project is also advancing. We expect to achieve commercial operations on both of these projects in the fourth quarter of calendar year 2023 and upon declaring commercial operations. This will increase the size of our generation portfolio by 38%. In addition, we are advancing our plans to expand manufacturing capacity for our high-efficiency solid oxide power generation and electrolysis platform. Lastly, we continue to focus on maintaining liquidity and exercising a disciplined approach to capital allocation. Our liquidity position remains strong. with a cash and short-term investment position of approximately $414 million, which we were able to increase through both project financing and equity offerings during the quarter. Now, I will turn the call over to Mike to discuss the financial results for the third quarter. Mike?