Rainbow Rare Earths sees competitive advantage in new separation technology for Phalaborwa project. Watch the full video here.
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.
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.
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.
I think you are only partly correct. AFC technology is not starting wih a a blank page - it needs to displace the vast fleet of diesel kit that is in use on sites across the world. I believe that the green alternative is more expensive - so what is the incentive to get a major shift?
Some construction corporates, like Mace, will take steps towards it because it will become part of the contract terms issued by some government and leading private sector companies. That wil help.
I think there is another route to accelerating adoption of AFC type kit. Cities like London have major air quality problems and construction kit is no doubt a big contributor, often right in city centres where pollution is already high. That is why they limit traffic and can make charges for vehicle access to high pollution areas.
So...can a city like London make use of AFC type kit a mandatory part of issuing building permits for major projects?
I dont see why not, other then the kit/capability not being available and with a proven track record of reliability. Well it is now, albeit there are not thousands of units. SO London might start by saying that over a 5 year period it will require 10% building towards say 50% of generating capacity to be hydrogen (or some other 100% green) fueled.
I ask myself who would lose from this? NOt the politicians ,akig the new rules - very popular, The citizens/voters walking around the streets - love it. The contruction companies - well they will just have to compy wiht the rules if they want to win contracts in those cities.
Now ther are cities wiht a hell of a lot worse air pollution than London so I imagine there could be quite a few takers . However, this needs to scale up so get 2-3 UK city mayors to agree to pilot the process - wiht UK government backing - and sourcing the kit from a UK manufacturer peraphs sourced through a UK plant hire like Aggreko or Ashtead.
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.
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 .
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........