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Following on from Weichai and Bosch reaffirming collaboration we have German and uk political leaders sharing a deepening hydrogen commitment. Probably not directly relevant to the relationships we want formalised/ signed but who knows….

Extrême HToday 14:36

Alongside previous post re: network of hydrogen filling stations this news re: hydrogen motorsport makes interesting reading. Comment about Ineos as pro hydrogen probably not a major surprise but interesting.

I know ineos aren’t ceres customers but they should be! They quote 75% efficiency for their electrolyser

with heat recycling. For ceres this would be touching 90% and recycling heat is a no-brainer for big players in petrochemical industry. Some feedback from ceres and shell in Bangalore will set the cat amongst the pigeons.

https://www.motorsportmagazine.com/articles/rally/extreme-e/why-formula-e-pioneer-is-ditching-batteries-for-hydrogen/

Alongside previous post re: network of hydrogen filling stations this news re: hydrogen motorsport makes interesting reading. Comment about Ineos as pro hydrogen probably not a major surprise but interesting.

https://www.motorsportmagazine.com/articles/rally/extreme-e/why-formula-e-pioneer-is-ditching-batteries-for-hydrogen/

Potentially. Difficult to interpret this news as anything but good. Markets v negative though. Might not have as big an impact on SP as predicted.

Other Bosch news v interesting too; :recycling platinum (other Bosch chat strand). Clearly preparing for big uptick in FC production.

In a week when we are reminded of just how much a problem long Covid is it is worth reminding ourselves of the impressive data that we already have.

https://www.synairgen.com/media/sprinter-long-covid-data-presented-at-idweek

https://x.com/yash25571056/status/1702743342768165011?s=46&t=lUUs8mZ3DzN0LONpU_7P4w

Thanks. Great work. Bio markers could be key.

It is a matter of deep regret that they didn’t store samples from sprinter for bio markers. It must just have proven too difficult in the context of pandemic trial to do this.

Https://www.chemistryworld.com/news/large-scale-hydrogen-storage-must-be-kick-started-now-to-reach-net-zero/4018070.article

This report confirms what many on this site to be the direction of travel towards net zero.

This is classic PEM electrolyser territory. Let’s hope DS and the ITM are fully ready for scaling up, ideally 100-200MW test sites functioning without problem then rapid scaling.

I hope the governments energy advisors read this, take note and can pursuade their all seeing political masters! I think we need a change of government. Maybe labour will see the writing on the wall. Tories truly let us all down with this round of offshore auctions. Fiasco.

I agrée 100%. This type of development is needed for SNG to be useful in the real world.

Just a few small steps of phase II trials renewed interest from BP and a phase 3 to get over the line.

The logic of SNG is inescapable and all the evidence we have to date is supportive. Onwards and upwards.

Some pretty huge buys in there at the end of the day. 175k at 83.44 and an UT after hours of 200k at the exact same price. Not certain if 200k a buy but looks like it. In the absence of news though it’s likely all speculative, unless of course someone knows something that the rest of us don’t?

Nice work. Good find. Interesting.

We’ll see.

Thanks guys. Useful info. I still feel shareholders were mis-sold the “gigafactory”. Supposedly Sheffield factory was a gigafactory when I bought in 2021 and the fundraiser at £4 or thereabouts was for a second 2.5 GW factory somewhere in the world.

As far as I can see prior to DS that money was being wasted; orders delayed, warranty provisions but nothing like a gigafactory. Revenue is still pitiful. Electrolysers are around £250000-£500000 per MW. A gigafactory would give £500million potentially in revenue. ITMs competitors are already achieving this landmark.

I still remain invested but sitting on pretty huge paper losses. If this 200MW order can be progressed at speed that will reassure me that company heading in the right direction. Plug already producing 100MW per month. If genuinely GW factory we should be seeing news in a short number of months.

I suspect reality is that it will be end 2024 before this order is filled and we are even close to gigafactory production. If I TM was in USA I suspect management would be sued for misleading investors.

The 20mw Poseidon does represent a major leap. As far as I am aware the most powerful electrolyser deployed to date is plugs 5 mw. What we don’t yet know is when ITM are likely to be selling this unit, how many they can make and when it will be deployed. I suspect they may not be able to factory test any until the power upgrade happens next year. Feel free to correct me if I’m wrong.

Sadly as investors we got duped by GCs over promises and look where we are now. Hopefully this is the bottom. Sentiment now is very hard in H2 sector. SP movements require hard revenue plus clear path to profitability. Poseidon is potentially very exciting but I’d certainly want to see some hard data before committing any more to this share.

USA hospitalisations also on the up as as ICU admissions, particularly in New York. Some slightly worrying new saltatory mutations identified. Eric Ding has invoked the almighty again. As discussed previously can be a bit overreactive but I get the sense from multiple data directions that we are on the crest of perhaps the worst Covid wave of 2023.

https://x.com/drericding/status/1692283718688489639?s=46&t=lUUs8mZ3DzN0LONpU_7P4w

Not much between them in capitalisation but very different companies. I’m in both (and down) but ITM holds its own near future more immediately in its own hands. It’s got a decent order book with some decent sized and I’d it can deliver I think there is little doubt More will follow and SP will rise significantly. The news is largely positive on this front but tentative given poor track record under GC.

Ceres is reliant on 3rd parties- Bosch and Weichai in particular.

I will want to see solid evidence of progress From either/both before committing any more.

Https://www.thisismoney.co.uk/money/markets/article-12376319/amp/Hydrogen-van-maker-gears-London-float.html

https://hydrogen-central.com/first-hydrogen-reports-630km-range-during-sse-trial/

Thèse 2 pieces of news make me think we are close to a tipping point for FCEVs.

The real world 630km range of the SSE FCEV van trial is stunning. The note that per km at 14 euros per kg H2 that FCEVs are close to cost per km v diesel is fairly astounding. This is mainly because diesel is taxed quite heavily but for end users that is pretty remarkable.

Other news on this is their next trial is in winter. BEVs do badly in winter (ask any current user- for me about 30% loss of range in Scotland). Evidence is FCEVs don’t have this issue- BMW make the case very well on their website.

Second news is decent listing of « white van » FCEV on London AIM. Good news for UK plc and London markets. Very positive statement of intent.

Combined this makes pretty convincing evidence that we are close to tipping point for FCEVs which can only be good for ITM as a major uk green hydrogen player.

Maybe this kind of news will give our political leaders the courage to back uk green plc and support roll out of decent H2 network- maybe even some business for ITM motive!

Https://www.thisismoney.co.uk/money/markets/article-12376319/amp/Hydrogen-van-maker-gears-London-float.html

https://hydrogen-central.com/first-hydrogen-reports-630km-range-during-sse-trial/

Thèse 2 pieces of news make me think we are close to a tipping point for FCEVs.

The real world 630km range of the SSE FCEV van trial is stunning. The note that per km at 14 euros per kg H2 that FCEVs are close to cost per km v diesel is fairly astounding. This is mainly because diesel is taxed quite heavily but for end users that is pretty remarkable.

Other news on this is their next trial is in winter. BEVs do badly in winter (ask any current user- for me about 30% loss of range in Scotland). Evidence is FCEVs don’t have this issue- BMW make the case very well on their website.

Second news is decent listing of « white van » FCEV on London AIM. Good news for UK plc and London markets. Very positive statement of intent.

Combined this makes pretty convincing evidence that we are close to tipping point for FCEVs which can only be good for CERES, though as people on this site correctly point out ceres are more than just an H2 company, they are stationary clean reliable power, possibly large scale battery storage and definitely a green hydrogen company.

Looks like UK is in sync with US. Not certain re:variant soup but nothing is omicron related is too scary. Still a bit nasty- even with vaccines and population approx 3x nastier than flu but 1/3 as nasty as original strains - and alpha/beta.

Universal will make interesting reading. Again a fairly dynamic situation. Difficult to plan a trial but ultimately that’s why we remain invested.

I don’t disagree re: Eric Ding being a bit alarmist but he is on top of the data big time. Nothing slips past him and he’s not scared to criticise those in positions of responsibility. He’s good to follow to stay up to date.

Https://twitter.com/drericding/status/1686872620560777220?s=46&t=lUUs8mZ3DzN0LONpU_7P4w

This second graph helps keep things in perspective. One to watch rather than worry about just now.

Https://twitter.com/drericding/status/1686870379963588608?s=46&t=lUUs8mZ3DzN0LONpU_7P4w

Éric Fiegel Ding is top epidemiologist to follow. Looks like new wave starting in USA. Seems still to be omicron. I don’t think there is anything to suggest this will be materially different from recent waves. Population immunity may be waning a little due to fewer recent vaccinations and infections. One to watch.