Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
H2 more suited to HGV, trains, shipping, aircraft. FC cars come later unless battery technology advances continue to make them and the roll out of the infrastructure unviable.
Can anyone make a strong counter-argument to Liebriech's case against hydrogen? The key one in my mind is energy storage whether in bulk or for transportation. The gas grid for example can take up to 20% hydrogen without any modification. Unused potential of renewables during troughs in demand is another.
Sugar daddy!
When Putin and Tories are gone things will be very different.
Arthur - yes did fact check with an industry expert and comments are below. Apart from the gas % he is right. We are locked into a 'pretend' market and even though largely energy independent we face huge electricity price increases. Quote
'he’s broadly right.
1. UK isn’t fully self sufficient for gas, can be for power depending on how windy it is, how much nuclear runs otherwise we have to import
2. His other points looking back at market liberalisation in the UK and then into Europe are right.
3. His points around how the market is designed and how electricity gets priced also right
4. Not sure about the new proposals in Greece and EU but wouldn’t be surprised unquote
Thanks Bellers. Unlike McPhy in France who have just been given €110m of support by the French Govt ITM get little support here. Instead we give money to the French Govt for building vulnerable nuclear power stations as they are nationalising EDF and will have us over a barrel. So much for Brexit independence not to mention energy dependency. We have learnt nothing from the Ukraine crisis.
They decided to enlarge the current factory to increase production there vs the new build. That will come in time.
This video challenges the government excuses for sky high electricity prices
https://youtu.be/NicE0-N9ux0
Boris, Liz who next? Time to sack the selectors if they can't get it right. Or it may just be that the entire political class is just not capable of managing the complexities of the economy or making the right science based judgements needed to tackle climate change.
New press release
French government boosts support for the hydrogen industry: €114 million in public funding for the McPhy Gigafactory project
The French government is accelerating its plan to make France the leader in carbon-free hydrogen by 2030. The industrial-scale production of new generation alkaline electrolyzers is essential to achieve this goal.
Nick Clegg is now on $15m a year as President of Meta. Crooked Cameron will be crying.
Labour seems to be much more rational pushing renewables and recognising the need for energy independence. Incentivising British companies through state support could be the catalyst needed to get hydrogen into the mainstream.
ITM has a few more surprises for us I the years ahead I have no doubt.
Bilbo have you been contacted yet to take over from Graham?
I totally agree. What do we need - energy. When do we need it - now. Nuclear is not the answer to the problem and decomissioning costs are always forgotten (deliberately otherwise it would never experienced approved).
Indian companies will be looking to transfer their call centres to UK soon if this carries on:-(
If they were smart they would invite King Charles III and Liz Truss on a joint visit to promote British industrial innovation in the 21st Century.
The fundamentals remain the same - ITM has a product that is a solution for an existential climate crisis and supports legislative mandates reducing the use of fossil fuels.
It would be interesting to know how the ridiculously tough hurdles got put into the Act in the first place. I smell a dirty tricks campaign against hydrogen being waged behind the scenes by players acting on behalf off ff industry.
There will be the inevitable storms but acceptance will come:
https://www.bbc.com/news/science-environment-62892013
Switching to renewables could save trillions by 2050 - Oxford Study.
Accumulate on dips. Every cloud has a silver lining. More shares = more profit long term.