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https://www.cnbc.com/2021/03/18/bp-is-working-on-a-huge-blue-hydrogen-facility-in-the-uk.html
Thanks Taskmaster and Toneman as it good to see funds that hold ITM in order for some investors in hydrogen to spread their risk. As pointed out HDRO has a small holding in ITM shares. It got me thinking what other funds have significant shares in ITM. Yahoo link below states 91 institutions hold ITM and lists the largest funds including a few Clean Energy ETFSs and KraneShares Electric Vehicles and Future Mobility Index ETF , which I haven't heard of before so may look into it. https://uk.finance.yahoo.com/quote/ITM.L/holders/
https://uk.finance.yahoo.com/news/german-firm-friedrich-vorwerk-plans-082253629.html
https://www.foodbusinessnews.net/articles/18005-unilever-investing-more-in-plant-based-technology
https://cleantechnica.com/2021/02/24/hydrogen-is-big-oils-last-grand-scam/
According to the article, HRI are one of the initial investors in ITM.
https://citywire.co.uk/funds-insider/news/the-expert-view-lloyds-itm-power-and-reckitt-benckiser/a1471341
Just for light relief . Make your own mind up. It's only the daily mail written by stacey liberatore their Science and Technology Reporter!!
https://www.dailymail.co.uk/sciencetech/article-9275621/Will-blue-gas-kill-Tesla-New-emission-free-liquid-hydrocarbon-fuels-300-mile-trip-tank.html
A report has just been published. Considering the number of contributors it is very shallow and narrow and comes up with the conclusion that heat pumps are more efficient than hydrogen ( as if that was unknown!). I had to smile when I read in the summary " The lack of tangible benefits or engagement with the millions of building occupier/owners casts serious doubts on the practicality of a gas switch over" . We all know that there has been lots of engagement of installing heat pumps in existing properties and the costs of retro-fitting to owners is small !! Obviously new build is different
https://b80d7a04-1c28-45e2-b904-e0715cface93.filesusr.com/ugd/252d09_54035c0c27684afca52c7634709b86ec.pdf
Paris Region, Choose Paris Region, Groupe ADP, Air France-KLM and Airbus have partnered to encourage the exploration of the opportunities presented by hydrogen use in Paris airports.
https://www.internationalairportreview.com/news/152635/call-expressions-interest-hydrogen-paris-airports/
Only bit on hydrogen in the strategy that I can see is "Hydrogen – build on Shell’s leading position in hydrogen by developing integrated hydrogen hubs to serve industry and heavy-duty transport, aim to achieve double-digit share of global clean hydrogen sales"
For those investing long term in green economy, Interesting snippet within article on BBC website about Jes Staley head of Barclays on the city post brexit " One of those global challenges is surely climate change and Mr Staley is convinced London can become a major global hub for green finance. He says these ideas are currently where the understanding of the impact of the internet was nearly 30 years ago. "Climate today is like technology was in 1995. If you think about it… all the Amazons, the Googles, didn't really exist in 1995 and now it dominates 40% of the economy, I think it's a fair argument that dealing with climate and dealing with the environment is in the same position now." "
Just doing my weekly review of my investments and it stuck me how high the market cap of ITM has become , at around £3.5 billion . Probably obvious with the share price increases but sometimes it's good to sit back and take stock! ITM cap is 5th highest on the AIM and "just for fun comparison" would be in the top in twenty in the FTSE 250 and knocking on the door of the FTSE 100 as the lowest is £4.0 billion. Sure lends support to the saying that the share price reflects the future sentiment. Good luck to all.
Taskmaster thanks, an interesting website. Figures can be interpreted in different ways. Looking from the glass half full perspective, the UK is supporting green energy at the approximately the same $/capita as Germany which is welcome. Also compared to an oil producer Norway, we have higher spend per capita supporting green energy and also a much lower spend per capita supporting fossil fuels.
With regard to the agreement with Shell, I haven't seen anything that is going to necessarily bring in sales outside the UK. Shell seemed to have partnered with NEL US in California, HTEC in Canada etc in the past. If there are future opportunities in "new locations" then I suppose Shell will partner with an electrolyser company / hydrogen refuelling station supplier that has a strong local presence. I don't think ITM can rely on others to do the selling for them.
If coal is in trouble , take a look at oil and the consequence of the Saudi Aramco IPO !
https://oilprice.com/Energy/Energy-General/Saudi-Aramcos-Landmark-IPO-Is-Costing-The-Kingdom-Billions.html
There are many posts regarding shell, BP and other oil companies needing to "buy " ITM. Please explain why ? ITM is primarily an equipment manufacturer. For field hydrogen production, oil companies transitioning would develop wind farms and would select the optimum electrolyser on the market as they would for oil field equipment e.g compressors. For hydrogen sales at fuel stations, they would partner with the most appropriate partner as they have at present with ITM in UK. There will be other companies interested in buying ITM but not oil companies IMO
Well done to all all who held firm and didn't sell in panic despite the notorious deramper/ ramper continuous postings.
Smith " I like Powerhouse as it gets over another problem, landfill. Producing Hydrogen from landfill is pretty clever, a win win". An alternate view is that you are converting "a carbon captured product called plastic" that would sit in landfill for 100s of years, into a carbon rich gas creating CO2 pollution which is the climate problem that is being addressed by green hydrogen. PHE hydrogen is only green from natural organic waste, not plastics.
"With only £ 240 million being thrown at green Hydrogen from Johnson which is a joke". IMO - In Johnson's position fighting for his political future, why would he put money instead of words into hydrogen as he is interested in short term positioning. Electric cars are readily on sale, hydrogen cars not. People want to be able to charge cars with hydrogen fuel into the future as a secondary transportation fuel . So hydrogen shares are long term buy and hold. Electrical charging short term gains