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A 50 MW pumped storage facility at nearby Glyn Rhonwy in disused slate pits was approved in 2013, with an expected cost of £120m. As at 2019 this project has reached the "detailed engineering design" stage
Note the price for a 50MW back up extension approved at Dinorwig. How would an AFC ITM collaboration compare?
Wind has been supplying 30-35% of grid demand and turbines are regularly turned to prevent generation at times of low demand. Turn this into H2 for fuel cell power demand grid balancing would be In my view be more efficient with a ITM tie up than Dinowig. Note the premium charged for backup capacity supply to NG.
https://en.wikipedia.org/wiki/Dinorwig_Power_Station
However the solar energy is free of charge courtesy of the Sun.
Southern, that's starting to sound like free energy or perpetual motion, there are violations of the laws of thermodynamics, so no it will take more energy to create the h2 than you get from the h2.
One way that I could see ITM and AFC working together would be if ITM can produce hydrogen on a large scale from renewable electricity (and I believe they are moving in that direction already) then perhaps AFC could become a customer of ITM and buy ITM's hydrogen to produce ammonia for distribution to EV chargers, generators, etc.
But I really don't see much opportunity for AFC to sell electricity to ITM.
Some interesting responses. I was more thinking that ITM requires electricity to produce hydrogen. AFC requires hydrogen to produce electricity. The 2 companies have a direct relationship, each unit feeding the other. Providing ITM process produces more hydrogen than is required to generate it via the AFC unit then we have a circular process with the output still being hydrogen to feed the hydrogen economy.
I don't disagree with this. I think it is just a question of how soon is soon.
Personally I don't see a takeover before the product is proven and commercial with a pipeline of orders and hence an expectation that the massive potential will be realised. Hopefully that will mean the SP is £1 or more (MCap of £450m). One would expect a reasonable premium so I would be very disappointed if AFC were taken out at less than £1.25 a share. I believe the eventual figure could be rather higher.
Yes....I think there will be M&A activities in hydrogen companies as it is quite fragmented at present and it would make more sense for amalgamation of industry to save money and advance the technology at the same time..
AFC is in a unique strong position and more efficient energy producing technology than others and imo it will be swallowed by others pretty soon..
Holding strong here.
GLA
To be fair, two of ITM's installations get their power directly from renewable sources, one solar and one wind. So the more off-grid arrangements, the better.
ITM's production of H2 can be 24/7 , 365. The pattern for charging vehicles will be in much more intensive periods. Fast chargers amplify the problem.
ITM are using renewable electricity from the grid to produce hydrogen on site i.e. at the service stations. So it we end up with a huge number of these systems at service stations to provide hydrogen for cars, then that will put a strain on the grid in the same way that thousands of charging points for EV will put stress on the local distribution network.
Which brings us back to the same argument that has been discussed about AFC's EV charging systems, off-grid has to be the answer. As far as AFC is concerned, I would have thought that in the long term the production of the hydrogen/ammonia that they will be using must be produce using renewable electricity off-grid, probably on an industrial site somewhere near a wind-mill or solar farm. But I'm not sure how that can work for ITM.
Just a thought.
Morning All,
I was wondering if AFC could potentially tie up with ITM at some stage in the future when our larger units are commercially available? ITM are in the business of creating renewable hydrogen. If a small percentage of their output was diverted to an AFC FC then then ITM hydrogen would be totally renewable and efficient as the power to generate the hydrogen would be produced on site.
Just a thought. :)