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Just saw an interview on BBC news where the person came from a meeting discussing shipping. Said that by 2030 he expects big shipping to be making ships that use hydrogen.
Hydrogen is clearly present more than people think.
Saw this over the weekend:
http://www.copenhill.dk/en
Even without the algae generation, with advanced filtration, you can still get a plant with clean enough air for people to want to ski on...
I think this is more likely some behind the scenes pressure on the Welsh government to approve. The steel mill will depend on this. Gas prices shooting up like they have (which will stay all winter) will make it look like very bad press to not approve this.
@Boonco true, but you still need to be able to charge them at ridiculous voltages. The charging grid will not be able to take that for every electric car. Hence a hydrogen fuel cell off grid charger makes sense. Also it makes much more sense to use hydrogen for lorries and shipping, and trains where the only alternative is diesel for non-electrified tracks.
Also, a hydrogen car *is* an EV, you just use hydrogen to generate the electricity instead of a chemical reaction in a lithium ion battery.
Waitrose teaming up with Shell is not necessarily the bad thing. They outsource their tech (c.f. the ITM PEM electrolyser for the Rhineland plant that Shell are bragging about). If Shell want to buy a load of AFC off grid chargers and slap a big Shell logo on it I don't have an issue with that...
My top up yesterday was shown as a sell. I think people know by now not to trust it completely. The reason it was shown in red is because the trade price was 4.72 and the range was 4.6-4.9. Closer to 4.6 => red.
I personally think the risks were priced in when this was at 7-10p.
The Remediate partnership I think is undervalued since it is a shrude play if they can work that into Uks planning and reassurances.
No question the risks are high, but there is still a path out, i.e. institutional investors take the share, a minor board refresh and rebranding to clear Simec from the company name, Uks fully approved, and this will rise up to the 20s again.
@13thmonkey, that efficiency number is for when you burn H2 not for fuel cells. A fuel cell is ~65% efficient compared to ~90% for a battery. Even so the amount of energy is not so much of an issue, so efficiency is not the biggest driver. Energy density and refueling/charging are.
The AFC business model is mainly not about production lines, but rather collaborations with bigger players to incorporate AFC tech in their products, see these RNS posts:
https://www.lse.co.uk/rns/AFC/manufacturing-contract-with-bk-gulf-5gka5vhwtwwcex5.html
https://www.lse.co.uk/rns/AFC/strategic-partnership-with-abb-3zgi3t5b6nl1n8f.html
I imagine much of the work with these new roles will be advanced prototyping and collaborating with industry partners to successfully roll out the products.