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iP - this story is a couple of weeks old now, but there is some info I wasn't aware of including the downstream infrastructure.
https://www.stokesentinel.co.uk/news/stoke-on-trent-news/companies-team-up-etruria-geothermal-6048329
One disapointing aspect is that the heat netork is not reliant on the geothermal as there will be gas boilers. It is understandable with hindsight and I suppose derisks a new (to us) technology implementation, but my crude calculations were based on it being 100% geothermal heat network. Remains the most exciting area of diversification regardless.
We still need fossil fuels for decades. Otherwise everything will just stop! Offsets and technology advances improve continually.
What happened with the SSE combo?
Humans are the problem.. not enough resources for the amount of humans on the planet. Years ago wars and plagues kept this in check. Only imo
What a crock of 5h1t this has turned out to be
PROBLEM: HUMANS HAVE DEFORESTED THE PLANET BY 50%., FROM 6 TRILLION TO 3 TRILLION.
https://youtu.be/PX1Rc0xlUpk
HUMANS DO EMIT HUGE AMOUNTS OF CO2, BUT MORE IMPORTANTLY THEY EMIT WASTE HEAT. IN FACT, IT'S SO MUCH HEAT THAT THE ENERGY OUTPUT IS ONPAR WITH SOLAR INPUT. MOST OF THAT HEAT ESCAPES INTO SPACE, BUT THE REST IS ABSORBED BY LAND, CITIES, ROADS, BODIES OF WATER AND ECOSYSTEMS LIKE FORESTS.
ON AVERAGE, TREES CREATE A N EFFECTIVE 15 ATMOSPHERES OF NEGATIVE PRESSURE WHEN RESPIRATING.
https://youtu.be/BickMFHAZR0
THAT MEANS THEY ARE ABSORBING HEAT FROM THE ATMOSPHERE AND THIS CORRELATES WITH CO2 REDUCTION SEEN IN THE CLIMATE RECORD. CORRELATION IS NOT CAUSATION. CO2 SPECIFICALLY DOESN'T CAUSE GLOBAL WARMING, OR COOLING .IT'S REALLY CO2 REDUCTION THAT CORRELATES WITH COOLING DUE TO TRILLIONS OF (LARGE) TREES BREATHING AIR IN, WHILST ABSORBING THE THERMAL ENERGY IT CONTAINS!!!
FORESTS ARE "HEAT PUMPS". THAT'S WHY BORIS IS PUSHING FOR DOMESTIC HEAT PUMP SYSTEMS!!!
THE MIDDLE EAST IS NOW REGRETTING CUTTING DOWN ALL OF IT'S TREES ,OVER THOUSANDS OF YEARS...
WHY ARE PLACES LIKE IRAQ AND KUWAIT BECOMING UNINHABITABLE? CO2. ..? DON'T THINK SO.
https://youtu.be/-hXvFMemkLQ https://www.rt.com/news/319806-persian-gulf-uninhabitable-climate/
https://www.world-today-news.com/in-kuwait-the-air-temperature-reaches-70-degrees-celsius-in-the-sun/
https://www.sciencedirect.com/science/article/abs/pii/S0960148197000153
https://www.icrc.org/en/document/iraqs-perfect-storm-climate-and-environmental-crisis-amid-scars-war
https://foreignpolicy.com/2021/08/24/the-middle-east-is-becoming-literally-uninhabitable/
https://image.isu.pub/120716170513-88764afffaaa4f218b2226671a5a011c/jpg/page_1.jpg
https://www.researchgate.net/figure/Climate-zones-of-Iraq_fig2_272653872
https://aldeilis.net/english/physical-destruction-iraqs-infrastructure-gulf-war/
https://www.nationalgeographic.com/science/article/climate-change-drought-drove-isis-terrorist-recruiting-iraq
https://earthobservatory.nasa.gov/world-of-change/Iraq
"NREL study finds high-pressure hydrogen pipeline system could potentially make hydrogen cost-competitive with gasoline"
https://www.dgc.dk/sites/default/files/filer/publikationer/C1703_IGRC2017_iskov.pdf
https://www.energy.gov/sites/prod/files/2014/03/f12/hpwgw_code_smith.pdf
https://www.seequent.com/heating-up-how-europe-and-the-uk-are-embracing-geothermal-district-heating-as-a-low-carbon-energy-solution/
https://www.geoscience.co.uk/post/heating-up-geothermal-district-heating-as-a-low-carbon-solution-for-the-uk
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/251943/Deep_Geothermal_Review_Study_Final_Report_Final.pdf
Geothermal district heating https://www.sciencedirect.com/topics/engineering/geothermal-district-heating-system
Geothermal vs outside air heat pump
https://homeinspectioninsider.com/heat-pump-vs-geothermal-systems-which-is-best/
Spread nearly 10% is not going to encourage much share buying and will hold SP down. Something quite odd going on.
Surely the testing of the shale fields involved drilling test holes. Could these be used on the thermal projects?
Wish I could answer you Stew, but I was confident that the mid 16s was the bottom. So much potential brewing here, it's hard to understand why no one else appears to be noticing. Maybe throwing so much behind shale in the past and getting fingers burned has lost market confidence.
I suspect full year results due Apr to be positive, but hope for some progress updates on various diversification projects to push it along before then. In particular mention was made of further deep geothermal projects in conjunction with other suppliers. A couple of announcements along those lines could be exciting... Good luck.
What’s doing in here and how long will this last 15p ffs?
On a related issue, NASA dismisses it's own claims of CO2-induced global warming with the counter-fact that CO2 REFLECTS solar energy in the upper atmosphere: https://youtu.be/EEFQHDSYP1I
https://www.h2-view.com/story/hvs-to-develop-hydrogen-powered-emergency-ambulances-in-the-uk/
Helpful research article here for potential bitcoin miners who are currently energy suppliers: https://www.frontiersin.org/articles/10.3389/fbloc.2020.565497/full
111.2% EARNINGS GROWTH OVER 3 YEARS HAS BEEN FORECASTED BY AN ANALYST, FYI.
However , Igas-CEO Stephen Bowler is being compensated at a rate 76% higher than other companies of this market-cap, and the company is unprofitable at the moment due to market turmoil , politics, debts from the previous (failed) business model . Hopefully the new strategies and investments of recent years will pay off soon in agreement with this analyst.
IGAS: MINE BITCOIN!!!
https://longforecast.com/natural-gas-forecast-2017-2018-2019