The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
If anyone hasn't clicked on hTTps://www.terpenetech.eu/head-lice-lotion/, it's worth a look as it shows the product was viable even when stored at 55 degrees in an oven for a year, and it shows strong efficacy compared to existing products in a trial. I can't see it now but ... oh yes, here https://www.marketscreener.com/EDEN-RESEARCH-PLC-10576552/news/Eden-Research-AGM-Questions-and-Answers-30819257/ is the transcript of the questions and answers at the recent AGM where (1) they said head lice treatment in time for september 2020 back to school "h has also established its first channel distribution partner who will target the UK market. The first product launch in the UK is currently expected to coincide with the back-to school schedule in the autumn of 2020. Sales will commence in other countries in the EEA once arrangements with additional distribution partners have been finalised", and (2) 40 million euros a year revenue might be possible from the seed treatment via Corteva, in terms of INCOME TO EDEN. I haven't been on this board for ages so you may have already analysed that; I had become bored with Eden for being too slow, having been in it since 2016, but lately I have some optimism that they might actually SELL some stuff, instead of just getting consents, and it is the growing season so we may at least get some news from that.
I had sold a number of my eden in early July at close to 8p. I admit it had been slow and I was cheesed off at that slowness. But we approach now the product use season, apples already going into store in France hopefully with mevalone on them as now licensed for that use, cedroz is being sold properly in EU this year so let's hope, and grape season now too. So I was delighted just now to find I could buy some at 6.655, I'd assumed that the trade before mine at same price on the ticker was a sell price but no, that was the BUY price, the ghastly spread is down to almost nothing. For the first time in a while I feel optimistic about Eden.
From the URL below, well coating plant leaves with a polymer sealant sounds tricky to me especially as they grow, hence the remarks about difficulty of formulation. I note "Our industry engagement to date has highlighted a clear need for a new approach to control fungi and the major socioeconomic problems that they cause, as the value of existing strategies using bioactives (antifungals, fungicides) is eroded by growing antifungal resistance and regulations," Prof Avery said. Quite. But no pre-existing resistance to Mevalone, as it's the first new treatment for ages. These people won't pee on our patch for years, and probably never
"To meet net zero earlier than 2050 requires accelerated decarbonisation of certain sectors through early deployment of electrolysis as a means of hydrogen production across the UK. It assumes that global innovation and investment in electrolysis drives down costs, with commercialisation at scale from the early 2030s. An import market for green hydrogen begins to develop from the early 2040s to support the growing demand for hydrogen in the UK. Dedicated offshore wind coupled with electrolysis in deep-water sites use floating platforms to access high levels of reliable wind. Piping hydrogen to the UK shore is assumed to be more cost effective than extending the electricity network over these longer distances (i.e. these sites are connected to the hydrogen network but are non-networked from an electricity perspective), although some additional energy needs such as desalination of the water supply will affect efficiency rates. As growth in hydrogen demand begins to level off in the late 2040s, there are opportunities to export excess hydrogen to Europe. In this scenario, there are hydrogen networks to transport the offshore hydrogen from coast to end consumer. Onshore electrolysis can be located close to generation and connected to the hydrogen network, minimising investment in the electricity network being driven by hydrogen production."
-and those of you who are only here to say ITM is cr@p, can say I once again posted too many quotes about ITM's key future market, and that you found them boring.
They only have blue hydrogen in one scenario, "[slow] system transformation".
Question : will hydrogen replace gas as a commodity. Answer : yes, will happen, in 3 out of 4 scenarios the hydrogen is from electrolysis but in one (see preceding para)
https://www.nationalgrideso.com/document/173821/download is the new future energy scenarios document prepared by National Grid with oversight and input from BEIS and Ofgem over the last year they spent preparing it.
Key message 2 Hydrogen and carbon capture and storage must be deployed for net zero. Industrial scale demonstration projects are needed
Hydrogen grows to provide between 21% and 59% of 2050 net zero end-user energy needs
"Hydrogen electrolysers can support integration of renewable generation. When paired with hydrogen storage and power
generation, they can also provide seasonal flexibility which is important for whole system planning."
"Levels of natural gas burned unabated halves by 2038 across all net zero scenarios"
"A minimum of 80 TWh [p.a.] of hydrogen is required by 2050 to decarbonise shipping and HGV sectors in net zero scenarios"
page 9 : "In System Transformation, over 65% of homes use hydrogen for heating."
Page 70 on is an entire chapter on future hydrogen supplies. FES is used by BEIS and Ofgem as their baseline document and in all impact assessments by Ofgem's consultants. The GB natural gas wholesale and supply industry uses FES as its reference document constantly, but they will hate the 2020 edition due to Hydrogen taking their place.
"Hydrogen production through electrolysis can facilitate increased market penetration of wind and solar generation without adding to peak electricity demand at times of low supply due to its reliance on low electricity prices." They made clear in Q&A that the hydrogen generation (of stored hydrogen made by electrolysis as a storage medium for leccy) would be burnt hydrogen not fuel cells.
"Hydrogen produces no carbon emissions at the point of combustion, opening a number of opportunities for its role in the decarbonisation of the energy system"
You can watch it again using the hydrogen link one page down at
https://www.nationalgrideso.com/future-energy/future-energy-scenarios-fes/fes-2020-virtual-conference
Here is a very positive one from today's daily mail : https://mol.im/a/8569453
£40m cash was a great surprise.
The stamp duty holiday will be beneficial in London. I think with record divorce rates and redundancies, and people working from home a lot more so not needing to live close to the London office, but wanting a garden and countryside to walk in nearby, the volume of sales should accelerate in London.
Well, you never know, a UK public research body might issue a paper about how hydrogen electrolysers could fit in with offshore wind. That would be quite topical what with BEIS and ESO both having just launched reviews on optimal integrated connections approach for offshore wind, given that grid rules (sqss gsr011) limit each subsea cable to 1.32 GW, which is really small when you will have 30 GW of wind off the east coast by 2025, and given also the size limits on HVDC switchgear. We used to call electricity, "coal by wire", maybe we should start calling hydrogen "electricity by pipe" !! I used to be a hydrogen cynic but now am a believer. Unrelated to share holdings; I bought ITM after I believed, not before. I hope soon to visit DNV GL's hydrogen house at spadeadam; they can create hydrogen leaks in 12 different places and test dispersal. By the way I just drove this evening from Sussex to Lincolnshire in a Tesla and had to stop for a charge near Peterborough, with all but one of the chargers ICE'd. The Peterborough charger costs 69p/kWh which is bonkers. A small fuel cell and little hydrogen tank that could run continuously from journey start, although not enough capacity to power the car without a battery, could alleviate battery discharge and turn my nominal 250 mile range into say 330, perhaps for a lower premium than the long range version. Also I wouldn't have to stop for so darned long to charge, or deviate 50 miles to get to a supercharger.
Surely what the mother of parliaments and the best scientific leads have to say about the future of green hydrogen this month is rather more useful than "I wonder why it's gone down" "my buy was mis-categorised as a sell" "market makers' games .. GLA DYOR" and the usual chatter. If you don't wish to read it, page down : it takes but half a second to do that. Surely it's only annoying if you're short on this share, as it's quite positive stuff.
>>paolo111, ironic post, don't you think, given the heading "Less is more...". Very funny.
- I pasted out only the 15% of the transcript that contained the best nuggets. Yes, less is more. The video version is 2.5 hours long
In the transcript, the point below written by me is only HINTED at in Q37 - it applies also to fuel cells used in hydrogen powered electric vehicles :
For a fuel cell CHP system fed on hydrogen like a domestic microCHP the purity of electrolysed hydrogen lets you use much more efficient fuel cells as the ones that are agonistic to the contaminants in dirty "blue" hydrogen made from methane are a LOT less efficient (30% less I believe). You generate electricity in the home as well, so you are then independent of power cuts and you are capturing the heat.
electricity. That gives you a high-efficiency home heat and power system.
Japan have had an absolute understanding of the role that they want for
hydrogen for a long time. If you look at California, you will see how
California views the role of hydrogen in its process, and they have been
doing it for a long time as well. Germany announced their hydrogen
strategy a week ago, so that they had it before the EU’s hydrogen
strategy. There is plenty out there that, in our inimitable fashion, we can
shape to be specific to what we need in the UK. I do believe the BEIS
Hydrogen Economy team also have quite a good grip on what they would
like to see, and they just need to make sure that that is prioritised
politically alongside it, I guess.
Barry Gardiner: Amanda, if I may paraphrase, just so that I am clear on
what you are saying, you think we should be more optimistic, more
ambitious, and set a target for green hydrogen for 2030, in order to
encourage the co-investment that will inevitably come into this area from
the private sector if we, as Government, are ambitious in setting out our
goals? Is that a clear paraphrase?
Amanda Lyne: Yes. A lot of the noise in investment most recently, which
has been really pleasing, is to recognise that we can do hydrogen at
scale, full stop, .... . The reality is to do good hydrogen and really
make that happen.
Amanda Lyne: The belief that green hydrogen is more expensive than
blue hydrogen is a fairly ingrained assumption. It has certainly existed—
also the challenge of doing green hydrogen at scale to enable it is fairly
ingrained—and that will disable it and will make it hard.
There is a light brewing. Because of international studies, the Hydrogen
Council, European hydrogen groupings and other countries are standing
by and verbalising the expectation of electricity-generated hydrogen
being competitive much sooner than you have described. If we could
listen to those, with the chestnut of some sort of interest that believes
that, maybe, that could be possible, then we should build on that. That is
one of the reasons we firmly believe there should be a specific target for
the amount of green hydrogen that we have supported into the system
by 2030. For the green hydrogen part of the story, we have production,
capability, and globally recognised areas. We have the world’s largest
gigawatt factory for electrolysis.
Professor Brandon: The first thing to say—and it is nice to say this—is
that we do have some globally leading players in the UK delivering
products, components and services into this sector. That is a great place,
and we cannot always say that. Those companies and organisations have
been working hard for quite a long time, in many cases when hydrogen
as a topic has not been particularly fashionable. They have worked hard
through quite difficult times.
Now we are seeing for some of those companies—many of which are
SMEs, but not all; some of them are larger organisations—international
that investment is coming in. Large organisations with deep balance
sheets not in the UK are now taking significant shares in those
businesses. That is great. It is bringing value into the UK. But you can
see the direction of travel there. If we do not have a home market and a
place where these companies can develop themselves here in the UK,
they will eventually go offshore and will disappear from us.
We are in a great place. We have done innovation and we will continue to
innovate. Of course innovation will continuously be needed, but it is not
that we need that innovation to make a start. Just to get that point, we
have some excellent technologies and some excellent companies. We are
in a great place.
If we were to do demonstration programmes of the scale that all my
colleagues have advocated and that I would support as well, we do have
UK participants who could play an important role in those demonstration
programmes. That is great.
If I could press Dr Needle, how effective has the investment in these
projects been? You have set out the forward vision, but looking at the
effectiveness not just of HyNet, and HyDeploy as well, but the other
projects—Gigastack and the others—how effective has that investment
been, in your opinion?
Dr Needle: If you consider the amount of CO2 that is at stake with these
projects, which drives me personally, these projects are incredibly
effective in terms of the amount of money we are investing to make that
carbon abatement. If you can get all the industrial clusters running, you
have a massive amount of CO2 being sucked out of our carbon budget. In
terms of investment versus carbon abatement opportunity, it has been
incredibly effective.