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Startup’s Hydrogen Breakthrough May Give New Life to Coal Plants
https://www.bloomberg.com/news/articles/2022-08-18/australian-lab-turns-hydrogen-into-green-energy-with-secret-catalyst
Let’s hope it’s over £4 before a bid comes in and then the premium will be more interesting…
For those with a decent capital gain here the lack of dividend in the years ahead is a pain. The advantage of a takeover, if transacted for shares, is most oil majors pay a decent dividend…
All speculation of course, but that’s what we are doing here.
GC on Twitter:
https://twitter.com/drgrahamcooley/status/1552974957910556674?s=21&t=9iRzh1e6EbNBIE-1UH6eNQ
https://www.telegraph.co.uk/business/2022/07/24/hydrogen-refuelling-station-open-british-motorway/
https://www.telegraph.co.uk/business/2022/06/30/hydrogen-powered-electric-trucks-made-britain/
Unhelpful….
Miracle Fuel Hydrogen Can Actually Make Climate Change Worse
https://www.bloomberg.com/news/features/2022-05-31/hydrogen-fuel-investments-could-risk-making-global-warming-worse
Billionaire Eyes Washington’s Last Coal Plant for Green Hydrogen
https://www.bloomberg.com/news/articles/2022-05-13/an-australian-billionaire-is-eyeing-a-us-coal-site-to-make-green-hydrogen
Hydrogen Is Every U.S. Gas Utility’s Favorite Future Savior
https://www.bloomberg.com/news/articles/2022-05-02/will-hydrogen-save-u-s-natural-gas-utilities-investors-certainly-hope-so
U.S. Earmarks $504 Million to Back World’s Largest Hydrogen Hub
https://www.bloomberg.com/news/articles/2022-04-26/u-s-earmarks-504-million-to-back-world-s-largest-hydrogen-hub
And so on…..
“ The Kwarteng plan makes any sense only if the excess power generated at night, at the weekends, or whenever renewables are producing at full throttle, is used to make green hydrogen through electrolysis. The Government has made a down payment on this, doubling the clean hydrogen target to 10 gigawatts by 2030.
Britain is a global leader in this technology, which uses electricity to split water into hydrogen and oxygen. ITM Power has built the world’s first gigawatt factory in Sheffield, where it makes proton membrane exchange (PEM) electrolysers. It is building a second gigaplant nearby to meet exploding global demand.
“We have halved our cost of production over the last three years, and we expect to halve it again over the next three or four years. It is all about scale,” said Graham Cooley, ITM’s chief executive.”
Ambrose EP on the money as usual in The Telegraph:
“This plan would have been dead-on-arrival before the prospect of green hydrogen at viable cost, and before the world was ready to start switching steel, fertilisers, cement, ships, planes, and lorries from a fossil base to clean hydrogen.
But the world is ready. The eye-opener at the much-maligned Cop26 conference in Glasgow was to hear global industrialists explaining how close they are to taking the leap. The German steel group ThyssenKrupp said it would never again build a blast furnace: it would switch from coal to green hydrogen using a different (DRI) technology.”
And so on….
Exactly... We all know the adage 'it's better to travel than arrive' but having been in here since the beginning my suspicion is that the current share price fluctuation is down to the usual 'fear v greed' worry worry of which companies will win and which will lose? For me, ITM appear to have the momentum, credibility, trusted status and scale..... As ever, DYOR, and it's a gamble... (become a big one for me!!! But that's a nice problem to have, for once...).
I suspect we'll know before too long if we are on the right track...
Good luck All!! (and with apologies for cliche laden magnum opus....)