Interesting discussion on the ITM board on pollution, drive trains, noise reducing tyres and all up weight of car - courtesy of SpiceMerchant and Bilboburgler. Refers to: - an interesting article which said that even if transport went 100% electric, particulates would still be an issue in cities... The reason - Tyre wear (particularly from new noise reducing tyres) and break pad dust will still cause pollution. At least we will be without the NOx, SOx and CO2. - Depends on drive train. Regenerative breaking does away with break pad wear. - Depends on design. Lighter cars need less tyre wear. So designed bottom up for H2 will be better than battery heavy Tesla.
Doosan Collaboration & Licensing Agreement for Korean Market15 Jul 2019 07:10
15 July 2019
Ceres Power and Doosan sign Collaboration and Licensing Agreement for Korean Market
· Ceres and Doosan will work together to develop a Solid Oxide Fuel Cell (SOFC) power system, for the commercial building market
· Agreement worth £8 million to Ceres over two years
· South Korea is one of the world's leading fuel cell markets, and Doosan is already one of the world's largest developers of fuel cell power systems
Ceres Power (AIM: CWR, "Ceres Power", "Ceres"), a world leading developer of low cost, next generation fuel cell technology and Doosan Corporation ("Doosan"), have signed a Collaboration and Licensing agreement to jointly develop SOFC distributed power systems initially targeted at the Korean commercial building market.
The joint press release is included below.
Doosan has established itself as a world leader in the fuel cell industry and is now adding Solid Oxide technology to its existing portfolio of fuel cell technologies. Doosan's existing stationary fuel cell business exceeded 1 trillion won (c. $850 million) in orders for the first time in 2018, three years after entering the market.
The £8 million agreement is over two years and includes licencing, technology transfer and engineering services (subject to attainment of key milestones). Doosan will take a system-level licence of Ceres' proprietary SteelCell SOFC technology to develop a low carbon 5-20kW power system.
South Korea is one of the leading fuel cell markets in the world and has been a core target market for Ceres. It benefits from a supportive regulatory regime and ambitious long-term targets. The South Korean government recently announced several initiatives to promote increased use of renewable generation and hydrogen technology and is targeting fuel cell manufacture for power generation to reach an output of 15 GW by 2040, up from 300 MW today.
Doosan and Ceres will also explore an expansion of the collaboration to access broader applications within South Korea and internationally as well as the potential to include manufacturing.
Phil Caldwell, CEO of Ceres Power said:
"South Korea is a key market for us given their ambition to be a world leader in hydrogen and fuel cells. Doosan have clearly established themselves as the leader in this sector and are the ideal partner for us to enter into the Korean market, adding to our strategic partnerships with Weichai in China and Bosch."
I for one, as a long term holder, am holding long and strong and am expecting a rise tomorrow. I personally don't apply fundamentals to stocks like this.
I personally find it quite bizarre when posters say particular stocks are great whilst finding a long list of negatives on reasons why they are out but continue to watch and write quite lengthy posts. Red flags if you like.
Thanks for the link LedZep - I note the pdf includes 'Chairman of Waste2Tricity, Tim Yeo'. I have been following PHE for a long time and must confess that this is news to me. I may have missed this - is anyone able to add some meat on to the bone here. The W2T site has John Hall (Acting) and Howard White (Deputy) Chairs.