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The Gigastack project video gives some idea of what a scaled up plant would look like.
https://energynews.biz/gigastack-video-a-glimpse-at-the-future-of-renewable-hydrogen/?cli_action=1624897662.819
Goldfrat
How many batteries do you think are needed to power a 100,000 tonne container ship…..what weight and what physical capacity? Shipping is one of the worst carbon offenders and one of the most essential services…..not forgetting trains, heavy commercial vehicles a nd high power consumption vehicles eg used in mining.
There are applications where batteries are the standout choice eg cars. However, while that looks great at the moment there are two difficult issues emerging that need to be addressed. The first is secure sourcing of the vast quantities of scarce raw materials. The second is the capacity of the electric grid systems in pretty much every country in the world to cope with the demand increase as oil / gas / coal are displaced. Even small scale industrial charging applications draw huge power.
Glasgow buses have just announced a pilot at one of their depots in the city for 100 or so busses they are taking delivery of. Not made much of in the announcement was the special work that had to be done by Scottish Power to power it. They are a commercial partner in the project so could push this through, but how will that work when there are potentially dozens/ hundreds of similar locations required all pulling significant load from the grid?
Happily people like AFC are offering alternatives such as ammonia powered fuel cells for stand alone or micro grid power solutions ie using hydrogen to power applications such as charging batteries.
This is a ‘yes and….’, rather than an ‘either or…’ game. But the fact that giga scale hydrogen will be produced in low demand locations and then shipped or pipelined thousands of miles takes you towards hydrogen being a massive future global industry regardless of how far/fast batteries develop.
Back both !
Oh dear doli. .....well you can
Sell and suck it up
Cry like a baby and hope anyone here pays some attention......not that anyone here they gives a toss
Shut the fuXk up
However, as you are clown, none of the above will seem logical to you......so off to the filter pile you go.
Thank you for you massively valuable contribution. I will be bereft without you.
Quite an interesting read. There are many remote or island locations facing similar challenges in displacing oil/coal/gas electricity generation.
AFC does seem to be in a sweet spot technology - ammonia has so much going for it as the transport and storage medium.
This is interesting as it evidences the UK offshore oil and gas industry are getting really spooked about hydrogen. Green is happening much faster and on a much larger scale than previously anticipated and there is now a rush for carbon capture and storage as a lifeline for offshore gas.
While the O&G industyr has the scale and cash to make substantial investments in CCS there is the underlying question of whether it can be made to be economic. The UK govt put up majot funds to develop CCG quite a while ago and Peterhead power station and BP were involved in a project that ultimately went nowhere due to costs and technical difficulties (they wanted UK govt to pay for the pretty much the whole thing).
The Scottish govt now has to be seen to be funding 'transition' for the North Sea industry but it is chicken feed money on offer so far. Will be really interesting to see what happens in the existing O&G industry - already in decline - trying to get Blue hydrogen at scale. All seems to hang on the technical and commercial solutions to making making CCS work for real in a local North Sea context.
Set that against rapidly falling Green hydrogen costs as it accelerates and innovates into much greater scale and scope on a global basis.....
Where would you put your money on that race ?
I am sure that our team have been looking at a number of options. I think it is a really tricky call, need to assess cost and benefit trade-offs not just as they are today but how you think they might change over the next 10-20 years !.
But i am glad we have the cash to do this on itap for immediate use as i think this whole hting is now running massivley faster than pre-Covid......which is when current decisions were made. We are going to have to be like a bat out of hell to maximise the opportunities and keep the competiton behind us. It will be interesting to see how many of the 'big boys' try to get into electrolysers and how successful they might be after throwing big bucks at the problem.
I reckon we have a robust technology advantage at the moment - the trick will be in keeping that AND driving manufactured costs down fast. We look to be ready to do both. A very good place to be.
McBoatF
India is a dreadful place to do business - that is why so few UK companies have invested there. Some that have eg telecomms and oil have had MASSIVE difficulties especially on taxation and seemingly arbitrary tax demands in billions.
Even exporting there from the UK can be a real pain. SOrting a lot of this out is one of teh reasons Boris/UK govt are keen to get a trade deal arranged. The Indian govt want investmetn but even they recognise that there are big problems.
While there will be big markets in Asia - particularly based around Australia I dont see GF2 being located there.
I would have guessed Europe eg Germany but given the critical need to drive manufactering cost efficiencies down hard and fast I think the smart play is to build GF2 next door to GF1 to concentrate those efforts. We may have to pay some tarrifs but our kit will be selling on best performance /cost ratio.
Maybe GF3 in Europe or Australia? Who knows but for now ....it is a bit too early to spread our technical 'jam' too thin across planat locations.
May 5 should be VERY interesting.
We have just raised a slab of cash and the people that provided it have had some sight of the developments and opportunites being made public on on that date.5.
They invested - so they liked what they saw.
I am therefore VERY confident that we will like it too.
Our share price will reflect that.
Itm raised the cash for the second plant and the working capital for stock building in the last capital raise. Check the Cooley vid from the factory site for the annual report where is is absolutely clear on that.
It is interesting to muse on where the 2GW facility would be. I think options are either
- extend existing facility as suggested in previous comments, probably the easiest but may not be the best for all customers.
- build in Europe maybe Germany/Netherlands/Belgium. Outside bet France. Big benefits in being inside EU and in local markets where huge GreenH capacity will be/ is being built. Also big Linde connection.
Outside bet - but a place we should be spending serious attention to is Australia, which is going to massive as a primary supplier of H to Japan (which is going to be hugely committed to Hydrogen for green energy). This might be GF3 and it might have to be soon and the Aussies will favour a company with local manufacture - they have a lot of jobs to catch up on as their big coal industry is disappearing quite fast. It would also be a counter competition to China in Asia - not friends of the Aussies (and a growing number of other Asian countries).
I am sure our CEO probably already knows the address and postcode ....but interesting to muse as I think we are going to have to scale up very very fast as this takes off and other competitors chase us hard.