RE: Can sell significant volume!3 Jun 2020 16:57
Athansius, If it was me I may be looking to take some profit and hedge my bets by buying here. As you may well have done. I really hope ITM can continue as it is really good for green tech sector.
I work in the energy industry for an operator and I will say that hydrogen is becoming very popular as an alternative to gas. I also sit on a British standards committee and will say that there is significant work going on regarding hydrogen distribution through existing networks to prove that it can not only be transported safely but repaired and maintained safely. In 10 years time I think the UK would look very different.
I am not convinced that hydrogen should be used as a fuel for burning, that is where a fuel cell comes in. I appreciate that burning H2 is carbon free but if this is used to produce electric why nit just use a fuel cell and a chemical reaction. Power is more likely to come from energy hubs rather than mass produced power stations. There could be 1000's of mini networks supplying energy to local housing, retail parks or the likes. Again, the AFC product would be ideal for something like this particularly if it can be fed with hydrogen from a distribution network.