Member Info for RobinHood69

"So here, we still have a chance. And that's why I think it's very encouraging to see that the government is actually doing it on the next on ferries, which is a very far stretch. You cannot do it with batteries. There is no way. You will actually consume 1 tonne of hydrogen per day per ferry. So 1 tonne of liquid hydrogen. And I believe when they are at peak capacity, in the middle of the summer, you're up to 10 tonnes a day.

So that makes for an attractive volume. And this is one of the project that we have on the long list, all the way back when we established Glomfjord Hydrogen together with the Greenstat and Meløy Energi and Meløy [indiscernible] back in 2016. This tender was on the long list.

And the target. And since then, we have seen the dialogue related to this very progress. And we, earlier this year, signed a letter of intent together with -- towards Glomfjord Hydrogen, signed a letter of intent with Air Liquide.

So basically, Glomfjord Hydrogen's intention is to then produce the 10 tonnes of hydrogen per day as a starting point, but obviously increase over time because there are many other applications there. That 10 tonne of hydrogen per day will be gases. It will be fed into the liquefaction plant. Air Liquide will liquefy it, put it on the trailer, drive it out to border and dispense it onto the ferry.

And then -- so we're working together with Norled, who is basically the leader in Norway. They already are about to start operations of hydrogen ferries on the West Coast. And there are 2 other ferry operators that are going to compete, and hopefully, we can all then put this together in a nice package and make this fly.

So that's our plan, and we think this is going to be a very interesting project and showcase for Norway."

"Nikola. You seem to struggle a bit with their in-house technology development, and they appear to be somewhat reliant on third parties. How has your dialogue and collaboration with Nikola been over the past months? Are they fairly up to speed despite recent events? And are you having a constructive dialogue with them regardless -- no, sorry, regarding the electrolyzer design and fueling station design.

Jon Lokke

Yes. I think the operational teams, as far as I know, they have weekly calls with the technical teams in Nikola. And my impression is that the dialogue is continuous as it has all the way. They are discussing different options, different solutions, locations because if you install a station in one altitude or in one location in Arizona, it will be slightly different. If you do it in a different location, close to sea in California, there are certain atmospheric elements that we need to take into account. So the teams are working collaboratively together still and in good spirits."

Discussing locations for announcement by year end , so Dec.

500 MW FULLY AUTOMATED ELECTROLYSER FACTORY OPEN
"when you introduce a fully automated production line, what we do now at Herøya 500 megawatt, you don't only get benefit of introducing or getting the cost down because you have fully automation and scale. You also get some other benefits."

HYDROGEN
"Daniel Stenslet

That's correct. So when we were talking about efficiency PEM versus alkaline when I think about efficiencies, how many kilowatt hours of electricity do you need to produce 1 kilogram of hydrogen. Can you say anything about the difference in efficiency between the two in terms of that metric?

Jon Lokke

Yes. I mean, typically, I don't want to kind of be specific, be too specific here on whose platform, I'm talking about here. But broadly speaking, there is a 10%-plus efficiency gap between the 2 technologies. And that makes a big difference when you are running a plant of a few hundred megawatts. And when you calculate that over 10 years -- or over 20 years, that basically makes a big difference but this is not a static picture. It will move. It moves from year-to-year, and we constantly have to monitor it. There are the 2 technologies are making improvements in different phases, both on CapEx and efficiency. And now we see with the scalable alkaline, obviously, cost is dropping dramatically, and it's going to be very hard for any technology platform to keep up in the short term, but over time, I mean, as I said, this is an internal raise, and we encourage it in now for the full team to compete, really try to have an internal competition to be the most relevant for the future. But for many, many years, I think that the technology are going to be relevant. I mean, you've also been in solar industry, and there are [indiscernible]."

HYDROGEN
"We are looking at -- we are thinking about expanding the PEM capacity. We haven't done a lot of work on it yet, simply because we do have a building in Wallingford, which is kind of flexible. We can add 1 and even 2 more shifts and get a lot more out of that facility. And we can streamline production even more inside the same building and get more out of it. So we have quite a lot of flexibility at least for next year to be able to cover quite an increasing volume.

When it comes to the size of the PEM system, they -- you very rarely hear talk about PEM systems, which are bigger than 10, 20 megawatts. And on alkaline, you typically start at 10, 20 megawatts. And the most frequent number is now at least into the [indiscernible], maybe not in terms of number, it's kind of the 50 to 100 megawatt. And we see projects up to 400 megawatt.

So these two technologies, for the time being, are living in different worlds because alkaline is more cost effective, more efficient, but takes up a bit more space. It's more mature, but it takes up a bit more space. But it's proven. While PEM is more compact, more flexible, but cost more and is less efficient.

Kjell Bjørnsen

But if you look back to the history, 10 to 20 megawatts PEM order is a large order compared to the operating history and what has historically been delivered by everyone in the industry. So it's fair to say that across the value chain, we need to step up our investments in organization and technology and capacity. "

"Jon Lokke

Well, I mean, the price -- the cost level will, as far as we see in the -- at least the near and medium -- short to medium term, the alkaline will be more cost affected than the PEM. And it -- obviously, it also depends a bit on the competitive landscape on the different platforms. Now so far, at least we are -- for the large alkaline systems, we are -- there are less players as it looks now. We know that [indiscernible] has an ambition to move into the space, but they have limited history in terms of doing water electrolytes, they could do alkali, but not water. So that also plays an impact.

I think it's a bit early days because the market is developing so quickly now. And so I think we need to kind of sit back and wait a bit, see how this plays up out. But I think normally, you would expect, for kind of an industry like this, I mean, if you look at other industries, you should expect the gross margin in the range of 30-plus -- 30%, 35%. That's what you need to be able to have a sustainable business over time, so."

"So very brief. We said that we will continue to invest in technology and organizations. We do expect the market pickup, but we also said that COVID-19 will most likely also affect the remaining part of the year, at least. Maybe also into -- sometime into 2021". A general industrial outlook from the CEO of one of Europes largest Hydrogen Electrolysers. Throw in UK Brexit in the UK ?

"800 megawatts business" and during covid times NEL have still grown.

"Iberdrola announced that we were the preferred technology supplier, preferred partner for the 20-megawatt electrolyzer PEM system that is going to be installed in Spain at -- together with the ammonia/fertilizer produced at Herøya. And so they're installing a 100-megawatt solar, 20-megawatt hours of battery and 20-megawatt PEM electrolyzer to support this important landmark project. And that's just a start."

"50-megawatt alkaline electrolyzer system to be installed in the middle of Norway, small city called Mo i Rana Industrial Park, where there's a company called Celsa. Celsa is a leader in recycling of steel products. And they will basically introduce green renewable hydrogen and burn that rather than burning natural gas, and by that, reducing CO2 emissions by more than 60%. So that's a very encouraging project."

"cash balance, NOK2.5 billion, basically comparing us or making us ready, enabling us to prepare for the future."

"NOK1 billion backlog, we reported that the backlog was approximately 60% higher or slightly more than 6 months higher than the same quarter last year. We do -- we did have orders flowing into the backlog in the quarter, but they were of a smaller size, typical smaller PEM systems that fall underneath the threshold for -- announced for separate announcements. So they flow into the backlog, but you typically don't see them as a separate announcement. We have a solid cash balance, NOK2.5 billion, basically comparing us or making us ready, enabling us to prepare for the future. Invest in the necessary organization and in the technology to basically deliver on the project that are coming in the market, the significant market momentum."

HYDROGEN
"we saw the listing successful listing IPO of Everfuel, which is our partnership. We have a minority stake in Everfuel. They are owner operators of the infrastructure. So very important that they are well financed. We have a framework agreement with Everfuel to support them with equipment of €200 million. So we're very happy that they are able to secure good financing."

"So the backlog is solid. We had close to NOK1 billion in the backlog, we reported that the backlog was approximately 60% higher or slightly more than 6 months higher than the same quarter last year. We do -- we did have orders flowing into the backlog in the quarter, but they were of a smaller size, typical smaller PEM systems that fall underneath the threshold for -- announced for separate announcements. So they flow into the backlog, but you typically don't see them as a separate announcement. We have a solid cash balance, NOK2.5 billion, basically comparing us or making us ready, enabling us to prepare for the future. Invest in the necessary organization and in the technology to basically deliver on the project that are coming in the market, the significant market momentum." Nel CEO giving me news of many small deals that just do not get RNS'd yet NK1 BILLION order book. Wonder how much ITM and the headwinds ITM's CEO have experienced ? He did point this out clearly back in spring 2020. News to come soon I hope with vaccine and factory due to open.

"45-foot HYDROGEN distribution systems. The systems will be used to transport hydrogen to refueling stations serving hydrogen fuel cell electric passenger car fleets (e.g. taxis), trucks and buses, driving the transition to green hydrogen in several European cities. At signing, Everfuel ordered its first six distribution units under the new frame agreement."

https://www.globenewswire.com/news-release/2020/11/12/2125190/0/en/Hexagon-Purus-enters-frame-agreement-with-Everfuel-supporting-commercialization-of-zero-emission-hydrogen-transport-in-Europe.html

Hexagon Purus is the distribution system for Hexagon Composites who hold 60% of the company.

$272 MILLION Arabian Project.

Siemens ENERGY is leading the construction of the $272.24m (AED1bn) power block at Jebel Ali, which will be the first in the global aluminium industry to use a Siemens Energy H-class gas turbine, a leading technology in efficient power generation."

VATTENFALL SIEMENS WIND TURBINES 2,642 MW back orders ....

Just think ? Put a gauze filter over the end of an oil / gas drill head , set fire to the oil / gas and filter off the Co2 allowing the hydrogen and helium to be contained at surface ??? Yeah Bonkers. Pure time travel idea.
The guys in the US and Canada must like to smoke dope I recon. Still you know the oil industry inc Norway's colossal industry need to make a buck and keep employment,brig count and supply going at a profit ? Maybe they could produce hydrogen instead of oil ? Crazzzzzy.
I just wouldn't know who to invest in to make a good profit from either dirty oil & gas or nuclear.
God I feel like I am living in the 1960's with all the "old" "tired" ideas. Still back to work and my chats on the bus with the Rolls Royce thicko's who know nothing.
The environment will benefit.

Hey, aren't they saying that the water shortage in the US is sooooo bad that a pipeline right across America from rhe Great Lakes to Phoenix is going to be built ? Yep, that would be great for the environment too, all those electrolysers needing water supply , sucking up all the aquifers waters ? Ever tech will have a bit of a downer point ?

DYOR. I'll chat to the guys who know.

Anyway, the mini reactors are mainly related to a very small old 1800's building...most important building in Derby if not the UK.
Weird , I've heard a few Russian voices at that bus stop recently - shriek !!!

Hold on a NANO second maybe there is new tech being tested like a new material or something or maybe a carbon copy of some Manchester tech ?

No wonder i have 2 heads and webbed feet teehee.
The nuclear testing at Loughborough is going well too.
Wink