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In Germany, the National Organisation for Hydrogen and Fuel Cell Technologies (NOW GmbH) says that it has issued approximately €393 million (US$520 million) so far in subsidies to support the development of fuel cell and hydrogen technology. Some €216 million ($286 million), or 55% of the total, has been spent on transport, which includes hydrogen production and infrastructure.
It can't succeed without Govt support along the lines they have subsidised the ff industry over the last century. Individual suppliers cannot put in a national hydrogen refuelling network in a chicken and egg scenario.
They run on hydrogen.
A cost-effective game changer could boost the hydrogen infrastructure roll-out case and end the battery EV monopoly.
https://hydrogen-central.com/new-hydrogen-car-travels-2000-kilometers-single-tank/
Seeing the opening statements at COP 27, the UK Govt should be taking up all the spare production capacity at the ITM factory or later on they will face the same fiasco we had with Covid trying and failing to urgently source PPE and paying over 10x what it would have cost if they had stockpiled it ahead of time.
Well down following falls in this sector. Worth a look now imho.
It will help if Rishi sticks to his fracking ban promise. I have no problem with his Suella Braverman deal in order to to see off Boris. Got one up on him and showed his mettle; we need a leader who can defeat the Eton boys at their own game.
Agreed Bilbo but this might help a bit fingers crossed:
https://www.offshorewind.biz/2022/08/09/britains-busiest-container-port-could-become-green-hydrogen-fuels-hub/
At least he won't be able to lounge on the front benches like a toffee nosed prat anymore.
Grant Shapps can get behind hydrogen!
I can't claim any prizes for winking - I went to a state school.
Let's hope
Hopefully we have seen the last of him for the rest of this administration. He acts like a rich snob but Rishi is a lot richer and has no airs and graces!
Boris gets back in. Trump gets back in. Democracy dies. The end.
Have a good weekend!
It is a very polished website and presentation but Nel's SP has also fallen considerably - by 60% since the halcyon days of 2020. Likewise with McPhy.
The decommissioning of ITM Motive refuelling stations is costly and bonkers - they will be needed in the future for net zero so why not inject Gov't financial support now like the French gov't is doing with McPhy. Tesla put huge expense into their recharging network well before becoming profitable or having sufficient numbers of vehicle to make them viable. Public sector fleets, Royal Mail vans etc could go over to fc vehicles to help kick start the infrastructure roll-out.
All the H2 stocks were hit - ITM more than most. They will come back though and the slower the better. We don't want crazy swings in the SP.
Thanks for your reply Toneman. Graham Cooley hyped up progress with 2nd factory talks etc and ramped up the share price. This is unfortunate and we now have a double whammy with over promises and general market turmoil. The underlying long term prospects for H2 haven't changed though so provided the company can get its act together under new leadership there is light at the end of the tunnel. I don't agree with the H2 bashers - it will be needed if there us a massive reduction in use of ff along with other energy sources. Roll out should be no different to the hurdles faced when petrol and then diesel were introduced. Necessity is the driver.
Germany, Japan and China will be furure leaders for FC EVs:
https://autovista24.autovistagroup.com/news/germany-provides-millions-toyota-hydrogen-cars/
We tend to have very short time horizons when it comes to using earth's resources. The sun and wind will last beyond humans whereas mining for battery minerals is very short term and crude. We need a car solution that will last for generations not decades.
https://www.weforum.org/agenda/2022/07/electric-vehicles-world-enough-lithium-resources/
Greed has no boundaries - once the powerful greedy have gone too far it is usually too late to avoid some form of catastrophe ending in war or revolution. Even democracy teetering in USA because of greed. Nature's answer to population explosion at the top of the food chain.