The Bid price shown on here is just plain wrong. I don't understand why it keeps jumping around all over the place, but it certainly can't have dropped to 4.02, and isn't reflected in the Mid price either.
I think it's disgusting that all these years we've been shipping our domestic rubbish to the Far East and even to European countries instead of finding ways to deal with it ourselves. Well the chicken are all coming home to roost now, and of course this country isn't prepared for it, because they have been so content to ship it off to other countries, out of sight, out of mind.
And even now, the only thing they can think to do with it - is landfill!
But, having said that, bear in mind the the DMG unit is expected to produce hydrogen at a much lower cost (and hence lower price) than any other hydrogen producer, using any other method, so it is unlikely that anyone using DMG technology will qualify for any kind of subsidy. Subsidies may be given to other producers, but of course that is unknown at the moment.
PHE receive 20% of the net revenue (after deduction of operating costs) and revenue would presumably include any subsidy received. So I would expect the subsidy to be subject to the 20% calculation like all other revenue.
4m:30s: DR: We'll start at 25 tpd and generate 2.8 megawatts, then we'll move up to 35 tonnes and export maybe 3 / 3.5 megawatts. And then when hydrogen kicks in we can export up to 2 tonnes of hydrogen per day, and obviously the power drops down as hydrogen is exported.
So the way I understand it, and of course I could have got this wrong, is that if you have ammonia on site, say at a delivery point, then you can use that ammonia either to produce hydrogen to fill up a hydrogen/FC vehicle, or produce hydrogen to charge electricity using a fuel cell to charge up the battery in a EV.
So with ammonia on site, you can provide either hydrogen or electricity, or both!
This is a very interesting and informative link that I picked up from the ADVFN board, posted there by beeezzz. It compares the cost, efficiency etc. of straight EVs v. hydrogen/fuel cell vehicles. A bit lengthy, but in my view worth watching and listening. And it doesn't give the answer that I was expecting! hTTps://www.youtube.com/watch?v=f7MzFfuNOtY
My understanding is that the battery in a H2/FC vehicle would be much smaller and lighter than in a full EV. Also, I believe the fuel tank in the H2/FC vehicle would contain hydrogen, not ammonia. Presumably the cracker would be at the distribution point?
DW: China probably has a more substantial electric grid system than we have in the UK. Besides, how green is the electricity that the Chinese are charging up their cars with? I imagine most of China's electricity comes from coal.