Member Info for Pask

hopefully, this will work:

https://archive.ph/s9uio

for:

https://www.economist.com/business/2024/09/01/clean-energys-next-trillion-dollar-business

still figuring out how to alter the html code on linkedin via firefox so i don't get stuck behind its subscription wall text box. it can be done, as i've done it for youtube once with a faulty textbox issue. managed to make one of the boxes smaller for this one, so i could get the economist link but nothing else. probably a bit too much effort for most here, but i hate this ****.

I would say I am old"ish" . I have been lurking here pre uskmouth. However, only started posting more recently. Was more active of ANIC for a while, and now post more here. Keltick, definetly an oldy however.

Anyway, if I find something I think is of value I will post it. Haven't found anything intresting ATM however.

My rule of thumb is: So long as I suspect someone is acting in good faith on these boards (even if we are opposed in our personal worldviews), we cool.

I've literally got to a point in my life where I've realised it's better not to debate people with strongly held views. Better just to agree to disagree, and focus on areas where you can cooperate. It'll keep everyone sane at least.

Original link: https://www.ft.com/content/f45e4354-f152-469e-ac41-f1147f3f99b2, but behind paywall. Should be able to find it manually if you copy the link into archive today.

Thanks for the link oldtramp.

Came across an interesting FT article. It's a part of a long-term concern for SAE, but nothing really to worry about now. There's a concern that updates to the grid to get energy from Scotland down south might be insufficient. This might make it harder to sell energy, although Meygen BESS and other BESS projects could help mitigate this somewhat.

Source: https://archive.ph/Hq272

Https://bills.parliament.uk/bills/3738

Looks like we have a while till royal ascent. The 2nd reading will take place on the 2nd of September. I can't see this not getting approved, but it will take a while for GBE to be set up. Then we'll need to know the exact mechanisms of the company, and so on.

I find it hard to disagree, although try to remain cautious. But there do not seem to be much in the way for reasonable causes for doubt.

Thanks oldtramp.

Where the hell did, I get this from then? I got this from somewhere either on the LSE or ADVFN forms, I swear. I may have misinterpreted something, but I want to know “what”. I read something along these lines.

Until we get verification, please politely ignore my comment.

Wasn't this suggested here before, or have I made a faux pas? I do believe there was something where we could get out of the Meygen project, and hand it back to the government to focus on the battery side while only paying 2mil. I think I remember reading documentation about this, but again, it's a hazy memory. If someone wants to correct me on this point, please do.

I'm a bit more pessimistic of the prospect. Happy to be proven wrong of course. What I am more optimistic about however is government investment in Meygen. How much, I don't know. But I do think it is a reasonable assumption (not guaranteed however) that through GBE, they will put at least 'some' money into the project.

I believe we have some assurance (i.e., blackmail), in that we can ditch the project and give the government the bill for decommissioning of aprx. 40 mil, so I have been lead to believe on this forum. Is that correct?

Couldn't find a specific quotation, however, they seem genuine about this.

"Setting up Great British Energy is one of government’s first steps for change and we are already delivering on this commitment. Great British Energy will be established at pace so that it can make an early impact whilst ensuring it is set up for long term success.

In due course, we will establish the framework that sets out the expectations and partnership between the government and Great British Energy to enable its independent operation with effective government oversight. The government is determined to work with the private sector to make Great British Energy a success. It will engage intensely over the coming months in the development phase of Great British Energy to deliver this outcome.

Throughout the next few months, we will be taking the important steps to put Great British Energy on a delivery footing, including announcing the location in Scotland of its headquarters, starting to recruit key roles into the organisation, and undertaking a programme of stakeholder engagement to further develop our policy approach."

The £30bn-60bn seems to be made in reference to offshore wind. But I thought that GBE only focused on floating offshore wind and other newer tech.

Someone of the ADVFN board also said Ed and Kier confirmed 4x that they would invest in tidal straight away. Does anyone have the source to this? There doesn't seem to be anything on the web.

While not directly related to us, this is intresting:

"The government claimed that the GB Energy tie-up with the Crown Estate, which manages the monarch’s legacy portfolio of land and seabed, could help attract £30bn-£60bn of private sector investment for offshore wind turbines and other, earlier-stage technology, such as carbon capture and hydrogen."

Not mentioning tidal here, but there is another intresting point being made:

"Constraints on the capacity of the electricity grid to take power from offshore wind farms on to land and around the country remain a huge problem. “The biggest challenge is going to be connections to the grid,” said Alasdair Grainger, net zero managing director at Grant Thornton.

One Tory MP said that Miliband had focused on the supposed shortage of capital for the sector when the problems for the renewable sector were instead a lack of community consent, environmental hurdles and a dearth of grid connections."

We're already ahead of many others on this front it seems.

Source: https://archive.ph/9QJvX

Touche.

Speculation frenzies can occur. I have a gut feeling where the price could end up on pure speculation, but the conditions for that aren't here yet. There is also, no guarantee that this will occur here (although there is potential given what I see in the FT and other news outlets). There are a lot of big Marco-scale events getting played out which will be good for us.

ITM got so overpriced during COVID that when I sold it still went up, stupidly so.

It’s difficult, as I am trying to keep a lid on my enthusiasm because your emotions tend to get the better of you in these situations and cloud your judgement. That’s not helpful to any of the LTH on this board. We definitely are in a good position, but the question is how much so and how quickly will the SP go up?

IMO it will go up quite slowly. Even with news, I think it will struggle to go pop. It will take both Government funding and the interest of institutional investors for this to occur. There is also the question of why Gupta has not thought to buy more shares since the price is so low.

There's a paywall for this?

Assuming MT and Strangy are refering to TL's article, try using:

https://archive.ph/Mr5UU

This looks good, IF they take note. God only knows with politicians, but I'm not getting my hopes up.

Do you think we could scrape 100-200m? Or is that too ambitious. I mean it probably is, as we'll also have to compete against other tidal people. I'll assume we'll get pocket change. Then again, we could just dump the project if we do as far as I understand it.

This may bode well for us. Scotland is majority labour, with some SNP to stir up trouble. Labour has a vested interest to keep Scotland red, so if the skimp on tidal the SNP could make a stir about it. Since they are the Scottish government, they will also have to pick up the costs in worst case scenario. So, there is some assurance here about Labour investing in tidal.

We're now going to have to wait for the budget, which is ages away, as well as wait for GB energy to be set up and operational to see if this could help us.

3-4p more viable in your opinion? I agree a lot of this is going to be driven by the factors you suggest. 4p was my most conservative take on where the share price could go on its current trajectory without any news, but am intrested to know your thoughts.