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Evans-Pritchard in non Cassandra mood in today's Telegraph discussing the switchover from fossil fuels to renewables.
https://www.telegraph.co.uk/business/2021/05/20/ieas-damascene-conversion-net-zero-makes-us-richer-cuts-energy/
Contains this small passage:
'Rural Africa leap-frogs beyond the old model. It does not need coal plants with a centralised grid and miles of pylons, or diesel driven hours into the bush at ruinous cost. It goes straight to micro-grids based on solar power and batteries, getting cheaper by the day'.
If only there was a company we could invest in with the foresight to make this development a reality.
The article cites Ceres as competition for the new company but it also mentions the power generator market.
https://www.telegraph.co.uk/business/2021/05/16/fuel-cell-developer-charges-200m-aim-listing/
Not sure if this was put on the board. From 8/5 but the water companies mentioned ring a few bells.
https://www.telegraph.co.uk/environment/2021/05/08/sewage-waste-become-green-hydrogen-fuel-water-company-trials/
Reads like that Lutra. I didn't think it would contain fuel cells from the picture alone. I can remember the idea of an AFC power station being described as looking just like a garden centre!
The idea that the only way you can generate energy is by burning things is taking a long time to die. Sounds very expensive as well.
This was from the Q1 update, May 2020, the last reference to Lemur that I can detect.
'Engagement with potential lenders for project finance is still ongoing with the objective of achieving financial close now expected to occur within twelve months.
Lemur is in continued discussions with Sinohydro, a subsidiary of state-owned Powerchina, and other potential strategic equity investors for the implementation of the Imaloto power project'
Still within the timeframe set back then so we might hear something soon. Covid might delay it further but the pandemic was well under way when the announcement was made. I can't help feeling though that this project has been caught out by the pace of change of investor sentiment towards green energy and away from fossil fuels. It also feels a bit like the embarrassing elderly relative in the Bushveld family.
Not sure I've seen this site on this board before but useful for ownership stats.
https://www.barrons.com/quote/stock/uk/xlon/bmn?mod=DNH_S