The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Let us hope that the DESNZ have absorbed the findings of the Royal Society report on long term energy storage and have a serious plan to accelerate hydrogen generation/storage. Making use of all the UK based tech and wind energy resources estimated as 1800GW: https://gwec.net/wp-content/uploads/2021/06/United-Kingdom_Offshore-Wind-Technical-Potential_GWEC-OREAC.pdf . Significant sovereign wealth fund potential!
And this is why: https://www.youtube.com/watch?v=nZysvgm2_Aw
Https://www.iea.org/data-and-statistics/data-tools/hydrogen-production-projects-interactive-map
But where is the UK's "Saudi Arabia" of green hydrogen? Where is the vision?
Https://www.thechemicalengineer.com/features/hydrogen-transport/ is a few year old now and some of the figures look odd, but overall is very positive about H2 distribution. Meanwhile the pro-battery lobby would have us believe that their capacity will improve, weight and range will become less of an issue. However battery recharge times remain at least an order of magnitude longer until such time that local electricity grid supports, what: N vehicle x MWh per charge point? Thats the BEV killer for me, rarely using a vehicle to transport stuff to remote locations.. but hey maybe I will wait for quantum batteries to mature.
Kawasaki are also out to sell their NH3 shipment infrastructure which requires a ramp up of the H2 supply chain. Australia is a potential green H2 supplier to Japan. ITM did a feasibility study on local electrolyser manufacture in WA. Meanwhile the grow-your-own electrolyser movement in Australia is very vocal. Australia is 'close' to Japan.. 2+2=?
But the real news relating to Kawasaki is here
https://global.kawasaki.com/en/hydrogen/
What the market wants. Batteries not included ;)
https://www.motorcyclenews.com/news/2024/january/kawasaki-unveil-hydrogen-h2-concept/
Https://www.bbc.co.uk/news/business-67494082
"Energy regulator Ofgem said there was a "long queue" of energy projects "which could generate almost 400GW of electricity - well in excess of what is needed to power the entire British energy system".
Could always substitute coal-gas, that's 40% hydrogen...
Never did me no harm when I were growing up in the 1960s. Used to light coal fire with a gas poker before I went down't pit of a mornin. Coal were cheaper than gas.
If ever there was a time to back a horse..
Now governments must rise to the challenge.. set the carrot and stick path to transition energy policy away from O&G. Following the recommendations of the Royal Society on energy storage will be an enormous challenge and opportunity for green H2. So too massive expansion of renewable energy gen.
Is that in addition to Equinor's Saltend project : https://www.equinor.com/news/20220812-h2h-saltend-selected
which I suspect is actually one of these:
https://www.theguardian.com/commentisfree/2023/dec/04/uk-government-hydrogen-plan-oil-industry-taxpayer-blue-hydrogen-climate-crisis
Saltend to use 600MW green electricity to make blue hydrogen, drive CCS and then feed the blue hydrogen into a gas turbine to make .. electricity.
Yes, I know its 'an energy transition' .. but our government must have signed off on this. Just think how much extra methane leakage will occur.