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Someone sees this as a bargain. A good sign.
Repeating a meassage is just fine - especially if the message is right and is seen by some as being ahead of its time.
The point is that the message is right - the green revolution is now happening - and ITM are a part of it.
The real challenge will be in scaling up . The trick will be in how we scale up manufacture froms 'small' to 'bloody massive' on a global scale - because that is what is what will be needed. We will need be ahead of China, the USA and Europe in to producing top of the line hardware.
This is going to be one hell of a ride - are we not pleased that some serious 'grown-up' corporates have invested here.. These guys are not stupid......take from that what you will.
There are some benefits in operating in a country that is an autocracy - and is in one hell of a hurry to develop a non-oil economy.
When Prince MBS tells the construction industry that they must use hydrogen powered generators there is not much debate.
This is a man who has ****ed away a lot of his global political capital killing the journalist. Super speeding up Saudi adoption of green technology will earn him some bunny points.
Extreme E are promoting Extreme E to potentially millions of domestic viewers and the advertisers that would like to reach them.
As noted we are ‘paid help’ and our market is not the same. However the success of our kit in this novel application will evidence the effectiveness of it as an innovative energy solution......for the businesses that are looking for, or could benefit from, such innovation.
Hopefully our marketing has made all of those potential customers fully aware of the Extreme E application and the benefits that AFC kit offers. Success in Extreme E will evidence the kit delivers in really crap environments and delivers the benefits we have promised. When our potential customers believe that we will get some sales and then material share price increases.
All the rest is fluff around an interesting opportunity for some clever promotors to capture the motor sport viewer market who are bored to death with the near ‘clockwork’ Formula 1.
Ed
I think that is the point of the timing and the speed. Something of an incentive for the big bucks. Some dilution perhaps....but what size is the pie envisged - and now financed ?
Excellent news. Japan's recently published strategy commits to hydrogen on a truely massive scale. Great nws that we are part of that and working with a major Japanese corporate. This augers well for important future opportunities.
The USA has....
(1) massively more capacity to build up their land-based (cheap) wind and solar production on a truely huge scale. Most of those locations are under-populated eg Texas, Arizona, New Mexico etc hence going for Green hydrogen may be a much better bet that standard transmission on power cables (over very long distances)
(2) the demand for hydroen to clgreen heavy industrial processes will escalate big time as teh USA genuinely goes green - a lot of that is based in teh South West states (see point 1) and the Gulf of Mexico
(3) a vast proportion of US freight travels by road. HEavy friegh cannot economically use batteries so fuel cell technology becose teh only credible option. THe scale of the US and Canadian freight markets will see enough demand to see that happen much faster than in Europe. Also US has a start in eg forklift hydrogen trucks, so major distribution centres will be adding to that capacity.
(4) big US tech companies consume fabulous amounts of energy in their data centres and very much want to green-up fast. Many of those centres are in remote locations and will happily use reliable green hydrogen from expansion (point 1 above)
(5) Joe Biden is determined to establish USA as gloabl leader in greening. First becasue it is required and second to rub Trumps face in his own stupidity. Put another way there are global and national poitical and economic beneftis for teh USA in rapidly accelerating green energy.
(6) building technological and manufacturing capacities in the USA on a large and globally leading scale will create a lot of jobs and counter the argeument about lost jobs in coal and oil. It iwll also protect theri heavy steel and chemicals industries.
There are probably other reasons but that is a few of the top of the head. Also bear in mind that historically the USA has proven itself capably of extra-ordinarily fast and large scale industrial transformations when they see teh need. For example WW2 armernment s industry from ero to world biggest in 2 years, post wars aviationa nd aircraft building, space craft, semi-conductors, computers etc etc etc.
IF If they really go for this they will leave Europe and the rest fo teh world behind. Even CHina will struggle to match the level of innovation and rapidity of scaling up .
..... ok coffee now .
sy
That is because the UK has massive potential for additional offshore wind capacity BUT is has close to bugger all UK manufactured elements of the turbines hanece they are desperate to try and get some UK jobs created.
Problem with UK wind power is that it is predominantly overseas owned operators and manufacturers. Hence teh income, job creation and profits are almost all overseas. Saudi of green windpower UK is NOT and govt would love to get what ever crumbs are available.
Essentially to little too late - serious work needed to be done 20 years ago. Let us hope they do not make the same mistake with hydrogen. BUt we are talking about government decision making processes here........
I believe so Haggis. It is a good read and sets out a pretty compelling case.
The expert managers in the larger funds will read past the '1300% so far' stuff and make financially robust decisions based on where these ,no longer 'penny' , stocks are and are going to.
Barclays reiterates overweight with a target price of 4,340p.
Seaangler Agree very interesting.
I read someone on one of hese boards last week describe them as 'dinosaurs'.
Could not be more wrong. These companies emply loads of very very bright people, have access to near endless cash and are deeply rooted in both :
- highly complex engineering that has pushed huge innovation and technical problem solving eg deep water off shore oil
production
- successfully delivering giga-scale £ projects
What they will achieve in green energy (now that they are paying it some real attention) will be stunning to watch.
This is a great example of why the major powers in the world are now switched on to green energy and climate change.
The hard economic costs for states in Asia - particularly China - are catastrophic as their seaboards are the most densely populated. While we have all been aware of tiny island atolls becoming awash with rising sea levels this is where the sh*t really hits the fan.
The real ‘bubble’ in green energy markets is from sinking cities. A short term thing? I do not think so.
It is a normal process as AFC grows in scale it moves out of the target scope for some (often smaller) funds - hence sold
and into the target scope for other (often larger) funds - hence bought
Many larger funds tend to hold for longer hence the share price is subject to less volatility