Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
And related: (A long read, make some coffee or tea)
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1123450/Hydrogen_infrastructure_requirements_up_to_2035_-_report.pdf
Interesting, let's hope Peel Hunt are roughly right.
Back in July, I believe, they set a BUY and a target of £5.
Never bet the farm on targets, but who knows? Be careful.
Spend 5 minutes looking at analyst's spread, that usually gives a clue regarding confidence.
Apologies, I was being a little colloquial with my terminology.
I was under the impression that JCB chose a combustion engine due to working duty-cycle of the vehicles. Though I suspect there is mileage in what you say. Probably easier to fix a broken piston or injector rather than wait 6 months for a fuel cell element.
That looks like progress SatellitePro.
And I agree with you bilboburgler. I was once in the nuclear research/power industry and it was clear then that decommissioning & cleanup costs were not highlighted.
I'm a big supporter of renewables + H2 storage.
(What happened to that compressed/refrigerated air storage experiment?)
We just need to remember that on the still days that nuclear keeps on generating.
And that these wind turbine figures are potential figures over the window of ideal conditions.
All these things are part of the mix and there is a cost.
One general question though: assuming we get massive H2 production and storage how do we turn that back into the huge amounts of electrical power required?
Huge arrays of Fuel Cells or H2 turbine/generators? Perhaps distributed geographically?
Of course, the latest laugh is the orbiting solar station beaming power back to Earth.
Sorry, that was off-topic.
I'm rather confused.
The 'expert' on the Fully Charged Show recently poo-pooed Hydrogen powered aviation for long haul.
He knows more than Rolls Royce? Perhaps he's right.
Maybe the proof of concept can be used for larger scale H2 power generation rather than a chuffing great fuel cell?
I don't think Bobby on the Fully Charged Show is a great supporter of green hydrogen.
Other than his excitement at a free lunch with JCB he seems to be a battery fan boy.
I've only watched half a dozen articles on that channel so I may have misjudged him.
As a slight aside, the 'expert' also seemed to be a negtive about green steel.
He knows more than Thyssenkrupp?
Maybe he does.
I think we are all aware that these various energy storage/sources are horses for courses.
Motley Fool have regularly been negative about ITM.
However, it looks like some people with big wallets have recently disagreed.
We really don't know when that article was written regardless of what the headlines says.
I think we all know ITM's headline financial position. So I can see their point.
Who knows what'll happen next week.
I'm pretty certain we investors know about the volatility of this sector.
My main worry is a flooding of (possibly state subsidised) cheap electrolysers from China.
On October 9th 2022 Motley Fool said: "That’s why I don’t anticipate buying Tesco shares."
Have a look to see what happened. More recently other MF contributors have a different idea.
I'm not confident with MF editorial or peer reviewing on their contributors.
Bottom line: read what they have to say but do your own research and never listen to just one source.
And try not to let sentiment lead you into putting all your eggs in one basket.
That assumes the Linde electrolyser is actually ITM...
Mind you, look at SP.
This is likely wishful thinking by me but the Linde-gas.gr website does mention " Through the ITM Linde Electrolysis (ILE) consortium, we are one of the world's leading suppliers of PEM electrolyte technologies "
I was actually searching on Linde Hellas.
About halfway down this page, under the heading "Proven, long-term experience."
https://www.linde-gas.gr/el/hydrogen/hydrogen.html
Nothing guaranteed of course so don't presume/assume anything and, of course, that electrolyser equipment would have been procured ages ago so don't bet the farm.
I agree with Jacobjohn7 re successful outcome.
Useful link bilboburgler.
And it's interesting to see the work that the parent Company is undertaking.
https://www.daf.com/en/about-daf/sustainability/alternative-fuels-and-drivelines/hydrogen
I hope JM does actually bring something useful to the party.
And I hope the Government (whichever colour) does promote a hydrogen fueling infrastructure asap.
And, hoping hugely, that ITM can supply the equipment to produce the hydrogen and fueling.
A lot of hoping I admit.
And hydrogen too?
Re: this post and 'Red hydrogen': I used to work in the nuclear industry and I certainly remember that the decomissioning costs were conveniently overlooked or grossly underestimated during meetings and courses.
I contacted a couple of old chums who live near the defunct SGHWR at Winfrith Heath.
This a baby 100MW 'prototype' design connected to and supplying the grid.
They don't recall any major hassle during the (still ongoing after 30 years) decommissioning.
One of them still works for Magnox and he (cheekily) added that it's kept him and a 100 colleagues in work for over 30 years.
So, for some, it ain't all bad.
I support your enthusiasm SatellitePro.
And it has been clear for some time that Germany are way ahead of us.
The BEV charger-point people in UK got loads of help.
I'm disappointed by this Government though I doubt if any of us knows what is going on (if anything) behind the scenes.
Are any of the UK Hydrogen people lobbying the Government? That's worth quite a few letters.
Especially after what seemed a good document nearly 10 years ago:
https://www.gov.uk/government/news/future-of-hydrogen-powered-cars-mapped-out
It seems a mess with no small/medium vehicle strategy. Bottom line for manufacturers is market and money.
Maybe the proliferation of BEVs now taken the pressure (no pun) off Government encouraging hydrogen for small/medium H2 cars?
I notice Shell, who closed their small H2 stations, say it will 'focus on large vehicle refuelling' and that the closure of the Shell-branded sites is a 'reflection of their small footprints' that are not suitable for trucks.
It sounds like they are predicting a divergence; small vehicles BEV and larger vehicles H2 powered.
Who knows? Maybe a few hundred H2 buses & trucks will encourage car manufacturers to have go.
And all those caravanists who will hog 2 bays every 100 miles in their BEV will make them even more of a pain :)
Re: the 2000km VM FCEV. Sounds great. I look forward to seeing it proven. (Genuinely hope it is vaguely true).
Fingers crossed he can provide some positivity. Maybe his years in automotive will provide some decent processes and contacts.
Excellent.
Let's hope the equipment & plant used to produce and convert the hydrogen are manufactured by our Company (or 'Companies' depending on who you've invested in).
Very interesting and I can appreciate many points, though I was a little confused by some of Comrade Yanis' claims.
Have you 'fact checked' it?
He said re UK Natural Gas (quote) "on average, all of it " comes from North Sea, other sources say around 50%.
It would be good to get another perspective from a (genuine, not 'self appointed') UK Energy expert and not just take one person's argument.
Wow!
122m2 of solar + electrolyser + fuel cell + battery + H2 storage.
I wish they'd costed it (unless I missed it).
I think only millionaires could afford this but, nonetheless, a nice idea.
Beware of targets. Always look at when they were issued and the spread of analyst/brokers targets. If the spread is really wide it shows they (as a group) have no idea. If you can be bothered (like me) have a look at brokers/analysts track records of success. And remember that external influences usually 'trump' technical analysis especially with certain types of Company at various stages in their cycles.
Never bet the Farm based on a 'target'.
Yes, that was terrible.
Again, I'm not questioning risk but regarding Western reactors the record is not bad.
France has quite a few of the things.
Yes, I take on board the coastal aspect and sea levels.
Hinkley C is 14m above (I assume 'average') sea level.
I doubt if SMRs would have to be parked so low or so close to the sea.
Anyway, judging by the current SP this is the least of worries at the moment.
Agreed timescales would be awful for nuclear reactors.
I'm a little confused regarding "death":
https://ourworldindata.org/grapher/death-rates-from-energy-production-per-twh
And don't forget Uranium ore also comes from Canada, Australia and (lesser) USA.
Note: I'm not poo-pooing renewables in any way. I'm a big supporter.
And I'm certainly not complacent about nuclear safety & risks, when it goes wrong it can have huge consequences.
I can't recall any Western nuclear incidents in the last few years; France is big in nuclear. Maybe there have been and I missed it.
And with a COP approaching it may get the juices flowing.