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Sandy - Good post. I vaguely remember when I was a boy, an engineer turning up at the house to ‘tweek’ The cooker for the change of gas being supplied. It worked then as it was a nationalised industry, today however, a different story. In my opinion politicians are setting dates in the future that that they will not achieve, but it gets them votes now. They will be out of politics by the said date, so it will become the problem of their successors.
By coincidence there was an excellent article in in the Times yesterday by Robert Lea that identified the current situation concerning EV’s v the combustion. A long way to go for an EV future...... but it will arrive eventually, so make hay whilst the sun shines IMO. Also an article in the Sunday Times (Business and Money), that institutional investors are, by their regulations, not investing in AIM ? So what does that mean for UKOG LTH’s - two big headwinds arriving IMO
Hydrogen is just a way for oil & gas companies to keep their monopoly on energy supply. Short of taxation, they can't control the supply of electricity - anyone can go off grid and produce their own energy, which scares oil majors to death. They will promote hydrogen so they can continue to control the supply chain.
Hydrogen is coming there are a number of articles on mixing hydrogen with natural gas in the liverpool network and plans are underway.
Biomass is a good way of getting it and vastly under used. Crossness sewage treatment works has 4 33kV gensets powering the site back in the 70s, but that would have been methane/hydrogen mix.
According to the New Scientist report of 14.6.2019 the current production of Hydrogen from facilities near the south coast produce 0.74million tons of Hydrogen annually. To satisfy current heating replacement of gas would require 8 million tons. The Hydrogen itself has four production sources of which gas is one. The other three being Biomass(two types) and Electrolysis of H2O. Therefore the cost and building of the new plants required together with the continuing need for natural gas would seem to preclude this path for the near future. GLA
FrankieAbbot if the govt is involved it will be delayed , they got involved in fazing out gas on new builds by 2016 and that never happened.
Hydrogen appears to be a dead cert tho as the manufacturer's have signed into it
It is going to be a nightmare to convert petrol to electric ,no new builds are putting in any infrastructure for charging, can't put them on lamposts as many have been removed around my way. Can't have cables trailing across pavements either as trip hazard so how are they going to do this change over??
Gas boilers were supposed to be fazed out in 2016 but they are still here ,test have been carried out on mixed gas supplies at a success. Baxi and Worcester now have hydrogen boilers in production . This is going to happen quicker than most think
Investors lol
Conversion not conversation. posted from mobile.
Some interesting points raised here
Qwerty
Uk Gov were supposed to have 100% Digital meter conversation completed by 2020.
Actual todate is approx 20%
The problem is obviously these 'Smart meters actually round up to the nearest whole number, unlike the more accurate antiquated clock meters.
So 80% of the population have made the decision not to allow the change over, the Gov have overlooked the fact that we can read.
Charging a EV as mentioned is the real nightmare, which probably explains why the Gov have given themselves until 2050 for all vehicles to be changed over to EV.
The next point regarding gas powered boilers is interesting, they have to get the hydrogen mix right before commission,
Alternative option is underfloor heating, solving boiler issues.
When I worked for a large housing company, they went wholesale in removing all gas fires and moving to electric, until they simply blanked the fires off and instead of fitting electric, simply bricked them up and fit a vent and walked away, saving a fortune in the process.
Little bit digression here , but maybe useful for inverters portfolios GLA
Up to a maximum of 20% Hydrogen. So it still needs 80% natural gas.
Steps are already well underway for hydrogen to power your boilers.
Mixed gas is already being used in some areas with no effect to home appliances.
Gas is well on the way to being fazed out.
Dont think oil is going anywhere soon tho.
Think about it, my daft theory is that smart meters are being rolled out nationwide - eventually if/when the EV demand outstrips carbon based fuel, then the meter will measure charging your vehicle, the electricity will be charged at a rate similar to fuel prices as the government will want the revenue (you can’t have non vehicle owners paying the same rate as there would be a revolution). Also, think about flats etc, there will be anarchy as everyone fights to get to the limited chargers. Therefore good old oil has still got a long way to run. UKOG’s contribution - who knows. If the demand does fall then the price will reflect this as the major producers attempt to maximise revenue. So I guess that UKOG better get the stuff out as quickly as they can and that may be the opportunity for LTH’s to get some if their dosh back in the short term.