George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Linde is on the list of companies for this project. It's massive!
Several projects are expected to be implemented in the near future, with various large-scale electrolysers expected to be operational between 2026 and 2028, and pipelines between 2027 and 2029 depending on the geographic area. The overall completion of projects is planned for 2029, with timelines varying depending on projects and companies.
https://ec.europa.eu/commission/presscorner/detail/en/ip_24_789
All 33 projects included in the IPCEI are highly ambitious, as they aim at developing infrastructure that go beyond what the market currently offers. They will lay the first building blocks for an integrated and open hydrogen network, accessible on non-discriminatory terms, and enable the market ramp-up of renewable hydrogen supply in Europe. This will allow for the decarbonisation of economic sectors that depend on hydrogen to reduce their carbon emissions.
If this is connected to their recent twitter announcement, then there could be some solid news coming in soon.
Well, it's certainly helpful ....
https://www.hydrogeninsight.com/production/biggest-yet-eu-green-lights-7bn-in-hydrogen-infrastructure-subsidies-from-seven-member-states/2-1-1599130
And it pushed inflation and interest rates through the roof, making lending to fund those industries very challenging. If the case for alternative energy sources being in greater demand since the war in Ukraine were true, we would be very wealthy now, and ITM stock prices wouldn't have tanked by 90%. The global economy must recover first; then we can be wealthy :)
The Ukraine war put oil & gas supplies in jeopardy, so increased the need for alternative energy sources.
Cureboy they sure as hell did not know that after that placing took place, a war would break out in Ukraine and wreck global markets, after a massive covid hangover.
...and all those institutions that ploughed in £4 during the last fundraise know nothing...
Helikon Investments know something, that is the safest assumption to make here. They know the shorting game. ITM, despite their recent positive investor presentation and vague "multi-hundred megawatt" twitter announcement, cannot get their stock price up. Perhaps Helikon know why and the reason gives them confidence to keep shorting the stock even at these low levels. No news on Shell Refyhne 2 for ITM's role either, in fact there is a black void when you try to find answers on Refyhne 2 as a whole. Project start dates, budgets etc. Perhaps bad news coming?
Concern yourself with the product, the potential, sales etc...not some some sh*tty little fund manager increasing their short by a fraction of a percent.
You might equally ask why they did not close their short as the 42.9p low.
Answer to either/both. . . . Only they know the extent of their current profit on it, their hedges etc etc.
Don’t fret about things you cannot change. We wait until Mr Schulz tells us about some new orders. Those are things he can change.
Why?
I may be wrong but my recollection is that the shell refyne 100MW deal was preceded by a rather vague notification in which the specifics were not mentioned. I expect in the next 1-2 months who and where will become clear. I suspect the keeping quiet at this stage is at the request of other commercial parties to the deal.
2020 research comparing temperature effects on fuel cells and batteries
https://fuelcellsworks.com/news/study-by-cte-cold-weather-effects-range-loss-in-winter-fuel-cell-beats-battery/
How efficient is a battery electric vehicle (that doesn't produce waste heat) in the winter? Perhaps the fuel cell car isn't quite so bad after all.
No more info at all? No names, figures or dates? Pointless and highly unprofessional. Not what I expected from Dennis. Hopefully he makes up for it by dropping a bomb of a deal on the table very soon!
I think we may have grit in the carburettor.
Https://www.visualcapitalist.com/which-countries-have-the-largest-forests/
Visualizing the Future Demand for Battery Minerals....
https://www.visualcapitalist.com/sp/visualizing-the-future-demand-for-battery-minerals/
"Snam is funding around 10% of a 2GW gigafactory project in cooperation with De Nora to produce electrolysers to produce green hydrogen." is a bit of a kicker
Hot off the press so not read it but..
https://carbontracker.org/reports/decarbonising-gas-networks-part-1-snam/
"It takes 3 times as much energy to get from fossil fuels to deliver to the road but that doesn't stop us all using fossil fuels."
It takes ten litres of milk to make one kilo of cheese, but that doesn't stop us eating cheese.
As is usually the case with engineers, they focus on efficency and what they perceive people need. Whilst marketers focus on what people want. This is why you see massive great gas guzzlers driving kids to school and their owners to the races. People usually buy products they want over and above products that are 'sensible'
Another lazy article, telling us nothing new
Https://www.thechemicalengineer.com/features/hydrogen-transport/ is a few year old now and some of the figures look odd, but overall is very positive about H2 distribution. Meanwhile the pro-battery lobby would have us believe that their capacity will improve, weight and range will become less of an issue. However battery recharge times remain at least an order of magnitude longer until such time that local electricity grid supports, what: N vehicle x MWh per charge point? Thats the BEV killer for me, rarely using a vehicle to transport stuff to remote locations.. but hey maybe I will wait for quantum batteries to mature.
"David Cebon, a professor of mechanical engineering at the University of Cambridge, said: “If you use green hydrogen it takes about three times more electricity to make the hydrogen to power a car than it does just to charge a battery.”"
It takes 3 times as much energy to get from fossil fuels to deliver to the road but that doesn't stop us all using fossil fuels. Efficiency is never a focus, price is. Having fossil fuels like methane fixed at 1/3 the price of electricity ensures that fossil fuels never lose out. That 1/3 is not a commercial calculation just a mandate from government.