Member Info for Angus513

dsc - while I agree with you that Nikola is a sketchy company until they can prove their viability, I don't agree that Tesla will take and hold the market share for trucks (or any EV company for that matter) - Hyundai have already started shipping H2 trucks while Tesla's semi is still a prototype.
Yes electric is cheaper to run currently than hydrogen because H2 is still in its infancy and will take some time and money for the infrastructure to be put in place ...

However, the infrastructure isn't in place for realistic large scale EV either - while there are growing numbers of recharge points around the country, there is no where near enough to handle most people having electric vehicles that need charging, secondly the recharge speed is no where near sufficient for trucks - Musk keeps claiming the semi can be charged in 30 minutes, however with the current fastest chargers available the Model 3 takes 30 minutes to charge from 0-80% ... which means with the current infrastructure an electric truck would take over 2 hours to charge, and to a haulage company time is money.

Also don't forget that electric vehicles don't scale in size well, it might work ok for cars but by trucks you are already reaching a point where the weight of the battery needed to power it makes it close to unfeasible - you couldn't have large ships or aircraft traveling around the world on batteries because they would sink under their own weight - but you can have them on H2.

I think rechargeable EV's will be a short term quick fix to cut global emissions while the hydrogen infrastructure is built up, but once H2 is being produced on a large scale there will be a big shift to it.

The government had set up a hydrogen task force in March which is due to present an assessment of hydrogen next month, followed by an investment strategy.
I don't think there is any doubt that the UK will be heading down the H2 road in the not too distant future.

I think the Chancellor's budget today was more of a general, wide spread budget that was focused on getting the general public spending again

I think the whole Covid situation in South Korea comes down to a lot more than just being made to wear face masks
S.Korea was hit by the SARS outbreak several years ago so they already had a full trace system ready to go and in action the moment the first case was diagnosed there,so not were any and all people coming into the country tested and had their details, they have laws which allow them to access all personal information and even bank records in order to track down anyone that an infected person might have come into contact with .... Could you imagine the public response in the UK if our government even hinted at doing something similar?

Anyway that's going off topic, I don't think there is any doubt the UK will be invested heavily into hydrogen ....they have already confirmed as much, and given the current state of the economy and the fact there are several big hydrogen players already here in the UK then it makes sense the government will invest in them first

No mention about hydrogen from Rishi Sunak during his statement but that isn't a suprise

The government set up a hydrogen task force back in March, they are due to be unveiling an impact assessment next month followed by a hopefully substantial announcement from the government about their H2 strategy.
https://www.h2-view.com/story/full-speed-ahead-for-the-hydrogen-taskforce/

Today's big news should hopefully come from the EU announcements, which judging by EU energy commissioners tweeter feed, I think their hydrogen plans are going to be pretty huge!

All aboard the 400p express ??

I've had many issues with Kodal on the 212 platform, seems 212 doesn't keep up to date with stocks that have low activity so it can sometimes take several days for actions to go through

Only seems to happen on Kod, I've had occasions where actions have gone straight through and other times where it has been pending for a few days before either completing or me cancelling

I think it's a mix of the stock getting lots of positive news about its future potential which caused the price to over inflate - that partly burst when the financial report came out and spooked some, which was then made worse by the threat of a 2nd covid wave coming.

Realistically I think this will see a strong recovery next month when the government unveil their green budgets

Green investment was never in doubt in order to reach their 2050 targets
It was more a question of how and where the investments would be spent, hydrogen investment was probably always on the cards but hopefully this news today will help push the government to put even more weight behind hydrogen

That's the hope. The energy minister Kwasi Kwarteng was also pressed today in the commons by several MPs about wanting the UK to be a leader in hydrogen, and while he didn't give any specifics he did say they will be "following and pursuing this technology very rigorously, with full government back in due course" ... so certainly looks to be more a question of 'when' rather than 'if'.

Just seen someone linked this interesting tweet on the PHE share chat
https://twitter.com/UKHydrogenNow/status/1272817233530683397

Some very big named companies confirming they are prepared to invest £1.5 billion into hydrogen to help recover the economy.
Fingers crossed this could really help spearhead the hydrogen revolution :)

I mean renewable is efficient compared to hydrogen
Solar panels are generally less than 20% efficent, wind turbines around 45%, and the amount of energy you get per square mile is far less than power stations can produce ... Also not forgetting that they are extremely weather dependent

Hydrogen is far more effective and far more flexible as a power source.

And yes all countries and companies are being pushed into going green and right now renewables and electric cars are the short term solution to bring that down, but I think they know it's not a viable long term solution, it's more to plug the gap until a better solution is found ... Which will be hydrogen

Of course the infrastructure will take a bit of time to set up but that will be accelerated if the demand is there.

I think the complete opposite - electric cars are the short term push that manufacturers are taking to go green but they aren't sustainable.
They require mined lithium which will run out eventually, the batteries cost a lot to replace and even more to recycle.
Charge times are slow, and you can only use fast chargers in one-off short bursts because they heat the battery up more (which wears it out faster)
The only advantage to electric really at the moment is the cheap cost of recharging, but the electricity has to come from somewhere and renewables aren't efficient or sufficient enough to handle the demand of everyone going electric

Given time, as more is invested in hydrogen it will become more mainstream, production prices will drop and the infrastructure will become established.

Plus could you imagine the potential if they could fit a ship with its own electrolyser - it could literaly make its own fuel and run indefinitely ... Where as an electric powered ship would just sink under the weight of its own batteries