RE: Why is NEL sinking?21 Oct 2021 21:56
Hey Pinball,
From the presentation today the CEO somehow thinks NEL does do PEM Electrolysers ??? Hahaha The guy must be going bonkers ? Ah, no is is absolutely 100% correct. Nel DO make and have sold MANY PEM electrolysers.
"The company produces proton exchange membrane electrolyzers from a plant in the US, and Lokke said the hydrogen outlook there was also positive.
The US was "closing the gap with their ambitions to the Europeans," Lokke added.
He noted interest in the US to couple Nel's electrolyzer technology with nuclear power generation, to provide an outlet for steady power production at times of low demand.
Lokke also said the potential for hydrogen to link with offshore wind was a key area of focus for the company.
Nel is involved in three offshore wind projects: ERM Dolphyn, a renewable hydrogen from floating offshore wind project; Deep Purple, which combines the same approach with subsea storage; and PosHYdon, which plans to blend hydrogen with natural gas to pipe to shore.
Production expansion
The Heroya alkaline electrolyzer plant is ramping up production to 500 MW/year, and has the potential to expand to 2 GW/year.
Lokke said the company could add production capacity "relatively quickly," starting another line within 12 months, but said that Nel wanted to run the first line for some time in order to capture any learning and efficiency gains from the process before expanding.
He also said the company would look to monitor where demand was developing before responding with increased production, to potentially locate future additional production elsewhere.
Nel was also looking at introducing PEM electrolyzer production in Europe. Its production of the technology is currently based in the US."
Damn, PEM supply is only in that little country , you know the one who NEL are supplying NIKOLA CORP, SHELL & TOYOTA oh and that small Japanese firm Iwatani. Damn , both alkaline and PEM in the same company. Head massively blown away.
Get your facts right buddy ? Anyway I own ITM shares and am very happy with the potential here too. Buy those daft dips here and NEL.
I gave ITM a VERY STRONG BUY.
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