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Agree, Linde & its subsidiaries like BOC must soon be under immense pressure from its global customer base, as a supplier to green up the contracted hydrogen production supply. If they dont they will loose their market share. Dinosaurs... Exciting times!
ITM Linde Electrolysis - a global green gas company
https://youtu.be/NiHmf5O0lA8
What fantastic positioning!
Blimey, this looks significant as well!
“Federal Minister of Economics Peter Altmaier (CDU) has completed his draft for a national hydrogen strategy. In this way, Germany should secure the "global pioneering role" in this technology, which is crucial for the energy transition, according to the government paper that is available to SPIEGEL and is currently in coordination with other ministries. Hydrogen should therefore serve as a CO2-free energy source that is to be produced from renewable energies. Altmaier has drawn up an action plan with five fields of action.”
https://www.spiegel.de/wirtschaft/soziales/energiewende-peter-altmaier-will-globale-vorreiterrolle-bei-co2-freiem-wasserstoff-a-f05471a8-620e-4e05-970c-bf609aee0ae0
It’s hotting up!
https://theenergyst.com/orsted-posts-bumper-earnings-eyes-hydrogen-investments-ppas
Linde would have kicked the tyres of both companies and evaluated both technologies, before opting for ITM. I know where I’d rather be!
Can’t write today... start again,
Interesting tweet from Jon Hunt of Toyota,
https://twitter.com/jonthehunt/status/1218496585660882946?s=21
Plug-in EVs are a Trojan horse for power companies to rip off customers.....
truth emerging!
Meant to say rip off customers, as of course if they didn’t make money there would be a business case!
Interesting tweet from Jon Hunt of Toyota
https://twitter.com/jonthehunt/status/1218496585660882946?s=21
Plugin EV are a charade a Trojan horse for power companies to make money... truth emerging!
“ This fit out will see ITM Power undertaking state-of-the-art manufacturing and reducing costs and lead times to access the many opportunities arising from the joint venture with Linde. I look forward to welcoming shareholders to the site in Q3 2020 to see the factory in operation.”
https://www.h2-view.com/story/worlds-largest-renewable-hydrogen-factory-starts-fit-out/
Only ITM makes electrolysers, that have the ability to utilise renewable energy for green hydrogen in multi sector applications for decarbonisation. The others are fuel cell companies that require hydrogen and are only green if the hydrogen is made from renewable energy. PHE makes hydrogen from waste but is not necessarily green when feedstock should instead be recycled and also gives of toxic chlorine fluorine emissions.
ITM is also well capitalised and with no debt, so hopefully wont need to raise cash before profitability.
They only make PEM electrolysers.
They don’t make fuel cell or alkaline electrolysers, so are focussed.
This is important in product development- no distractions
They are the global leader
They have no debt - quite rare on the stockmarket, which means they don’t have to pay off others on their way to profitability.
PEM electrolysers facilitate the rapid response conversion from electrons to hydrogen, that is key when utilising unscheduled intermittent renewable energy, and balancing supply & demand for frequency control.
PEM electrolysers enable those who own them to provide grid balancing services (and get paid the tariff) in addition to making hydrogen and oxygen. Multiple value offering.
Linde Gas the biggest gas company in the world has kicked the tyres, likes what it saw and chose ITM above everyone else AND set up a JV to develop large scale projects !
ITM already work with Shell, Orsted, Northern Gas Networks, Cadent, Toyota, BOC, RWE, Thuga, GasUnie amongst may others in high profile projects.
They are building the world’s first 10MW system at Shell’s refinery in Cologne, Germany.
ITM is therefore the go-to for extending the reach of renewable energy to those sectors the electron cannot reachIt’s key for carbon reduction in refining, fertilisers, steel, manufacturing reducing agents, glass, etc... even synthetic food in the future, and facilitating penetration of renewable energy on the grid. It is a vast global market.
What ever you use fossil fuel for now, can be replaced using ITM’s products to produce hydrogen, one-site at the point of use, without risk & costs associated with fossil fuel and its exploration, production, transport, leakage, refining, transport by pipeline tankers etc etc not to mention oil and gas company failures.
Exciting times
https://info.ballard.com/deloitte-vol-1-fueling-the-future-of-mobility
Nice report
Fueling the Future of Mobility
Hydrogen and fuel cell solutions for transportation
Jointly written and published by Deloitte and Ballard, this report provides answers to the most pertinent questions surrounding hydrogen and fuel cell solutions for transportation - how economically viable are fuel cell vehicles, and what is their impact on the environment?
Hydrogen: The Answer to Climate Change?
Global Business
Hydrogen is a volatile gas with an image problem, but hydrogen evangelists think this could be the ‘magic molecule’ which will solve the world’s air pollution and cut carbon emissions dramatically. Manuela Saragosa presents the final part of this Global Business special series on energy from Italy, where hydrogen has been pumped into the existing gas network. Could a hydrogen boat replace the diesel belching cruise liners and ships along the canals of Venice?
Produced by Nina Robinson
https://www.bbc.co.uk/programmes/w3csy82q
Tweeted by Linde a day ago
https://twitter.com/lindeplc/status/1212736509616541696?s=21
Nice reminder !
A piece in the Times today.
Worth looking at the numerous daily posts on Linkedin by ITM CEO Graham Cooley and Charles Purkess, as to what is going on and related factors to ITM’s market development.
Great to see NG moving towards electrolysis, boded well! https://www.powerengineeringint.com/2019/12/23/hydrogen-and-balancing-among-hot-topics-of-first-ever-uk-gas-market-plan/
How do they capture the harmful chlorine and fluorine etc emissions from this process, has anyone asked?
What is the purity of the hydrogen, has anyone asked?
Would be good to know Life cycle viability before I get too excited.
Sorry wrong flippin share!