Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Yellowf1 - Inrelation to yur 11.22 post at the end of the day it will not be PHE who decides whether a DMG unit will be a power only unit or a power and hydrogen unit. It will be the site owner. PHE is the technology provider the site owner will determine what theuit will be used for. As an example of the initial Peel units some will be power only some will be power and hydrogen. The exact natue of the mix will be determined by Peel. It is feasible depending on the size of the site to have one of each.
Phe is quietly working on grid backup electricity. I contacted the company on this issue over the years. DR is an advocate.
But ITMpower are building hydrogen fuel stations and PHE are going to build at least 20 to 30. These ARE the catalysts.
In the meantime Japan, South Korea and China are going full steam ahead. This IS another catalyst. There is NO WAY hydrogen is not going to succeed.
I thought that was what they were doing initially?
So larger vehicles will move to hydrogen because there's just more efficient. The infrastructure will follow. Smaller vehicles will then follow as everything hydrogen becomes cheaper. Simple.
If we take a step back we can see there are huge drivers for hydrogen as posted many times on this board. At the same time there are are huge headwinds for battery electric.
The grid simply cannot cope. 20%/30% of households will never have the option of charging their cars due to location issues. Then it's the same for businesses.
Then there's the simple problem for freight and passenger vehicles. The more battery the more weight - the less freight and then there's the same equation with space. The more battery the less space equals the less freight equals the less profit.
Pretty irrelevant talking about whether you can get from London to Edinburgh on Hydrogen . What we need is a UK wide infrastructure of DMG units with associated fuelling stations so that more people have access to the fuel otherwise the market for Hydrogen cars will not be there. Not many fruelling stations currently , see below
https://www.itm-power.com/h2-stations
Another view is that we just must pay more cleaner fuels. And that it’s not possible to compare with dirty hydrocarbon fuel.
That legislation force people to change to cleaner fuels.
My suspicion would be that they would sell it marginally cheaper than the competition.
BumbleB - That depends on the cost of production of the H2 using the DMG unit compared to the cost of production of H2 using other methods. In all the revenue calculations I have done and all the price of H2 that PHE have quoted they have all been in the range of £5 - £8. If the H2 is not cheaper than petrol or diesel where is the incentive to change.
Look at it this way let us say that the profit on a kilo of H2 using other methods is £4. If PHE can produce H2 and make a profit of £4 while charging less per kilo than the other manufacturers why do they need to charge more as people will go where they can obtain the H2 cheapest.
If others are charging £10 a kilo the hydrogen sold from the G3 is unlikely to be sold for as low a value as £7 as companies would just be throwing profit away.
That was my point.
Manabouttown - In respect of your 07.59 post you are right that currently H2 is at circa £10 a kilo but I was basing it on the possible selling price of H2 using a DMG unit that is why the post was on this board.
Further down the thread BB. stokey had quoted h2 cost and then petrol cost of 42 was quoted which seemed light.
BumbleB - See my post of 19.08 yesterday £42 is the approximate cost of filling up a Mirai to travel from London to Edinburgh and assumes it needs a top up for the last few miles. It is based on a Mirai with a full tank can go between 3-400 miles before needing a refill. The question was how this compared with a petrol driven car.
Where do you get £42 from Sharesport?
The point being significantly more than £42 when all of the estimates are considered.
London to Edinbrgh 400 mile say 17p per mile for me gives around £65.
Clarkson Audi A6 from London to Edinburgh
Starting point Hendon filled tank, fuel diesel 23.8 US gallons converted to litres 90.0928
So in today's money ball park 91 x £1.30 = £118.30
Petrol, 400 mile journey, off the top of my head I'm saying closer to £60.
A petrol car won’t be able to in the future yellow, it is Govt policy to phase them out.
Possibly not in its early adopter guise unlike the A6 (although I thought it was an A8) which was an advanced tech at the time. But who cares....they can refuel in minutes just like everyone else who wasn’t driving an A6/A8 back in the day.
It is just over 400 miles between London and Edinburgh so a Toyota Mirai filled up with 5kg of Hydrogen might just make it but let us say you will need to fill up once on the way. The cost at £7 a kilo would be about £42. Does anybody know how much it would cost in petrol to do the same 400 mile journey?