Member Info for tennents

Agree. The ball is just starting to roll. The real value of our technology and the evidence from our operational experience is just starting to become clear to operators.

India wants volume. That means a low cost option makes more sense and that is not us.

We will be found as part of projects that deliver high volume high quality green hydrogen. That means being part of large and top quality engineered whole system solutions. That is where we wil be specified as the electrolyser supplier. High quality quality, high reliability, high efficiency.

https://www.theguardian.com/australia-news/2021/nov/12/australias-only-working-carbon-capture-and-storage-project-fails-to-meet-target

Courtesy of an ITM poster on ADVFN. This goes a long way to explain the recent the Jeffries £8 target.

The most important spike we shall be dealing with are in market demand.

https://www.rechargenews.com/energy-transition/there-wont-be-enough-electrolysers-to-meet-green-hydrogen-demand-in-2030-us-investment-bank/2-1-1096617

We are not hanging about on this project !

Well the £30 took a few weeks longer……..but here we are.

Doli

Out of curiosity I just checked YTD comparison

NEL -34.6%
ITM -5.95%
Ballard -21.9%
Plug +18.6%

To be fair in the last month they have all outperformed ITM.

Do you think the people committing £250m a couple of weeks ago have no idea what they were doing?

If JCB are going to sell hydrogen engined kit all over the world they are going to have to guarantee availability of the hydrogen fuel in all of those locations.

That is a lot of hydrogen in a lot of places. This deal gives them the ability to meet that need by being ahead of the game.

No new orders………yes but £250m raised from sophisticated investors.

No problems here.

Because joe bidens bill is about to be passed and that allocates $550bn to green energy initiatives in the USA. They all expect to get a big slice of that in orders and income.

Hope so too.

You have got to think that being in bed with a tier 1 whole system provider like ABB offers huge opportunities and certainly access to places that AFC would never get to on our own.

I am very optimistic about this as USA big tech is very sensitive to the green energy on two counts:
1) their consumer attitudes are very pro green, especially in under 40s age group
2) US legislators have areal downer on large parts of big tech - being very proactive is delivering green energy technology on a large scale will give them significant credibility as demonstrating ‘good behaviours’.

The fact that they have staggering amounts of cash on their balance sheets allows them to do it at speed and at scale.

I expect to see Amazon, Facebook, Microsoft, Google, Apple and a data centre full of others making big steps in this quickly. ABB will get a share of that……hopefully a substantial one.

We might pick some work up on the back of ABB data centre contracts. Big tech USA is falling over itself to demonstrate green tech ……. And they have the big bucks to afford it.

Fuelcell

The USA will benefit massively from the proposed $555bn allocated to clean energy in the Biden bill. They are going down a line of incentivising de-carbonising so there will be a lot of orders for hydrogen related hardware.

Neither would the funds participating in the raise. They do not ‘bet blind’ with £240 million of other peoples money.

Fuelcell. He is not silent……on the things he is allowed to talk about.

The stuff under NDAs will come out when the primary partner in the relationship is ready to launch.

I imagine we might hear some of those announcements over the COP period……just don’t expect them all on day 1.

Loads of good stuff coming here……too many grown ups eg ABB investing so much money for it to be anything otherwise. Price of playing with the big guys….we dance to their timescales. Patience.

There have been a number of objections to the application and it will now take longer. No fixed date yet.

I suspect if there is a problem Scottish govt will call the application in, over-rule any objections and give it the green light.

Thanks dad.

……and kept on rising…….

It seems that autumn weather favours our growth. Let’s wait and see what some ABB fertiliser does to help.

Skipping along nicely as it seems to have broken out of the previous trading channel.

Freddie Mac and Fannie May have both bounced 40% in the last week. It sure what % of the portfolio they make up but important enough for our Bill to write about in the last report.

Goodish quarterlies from the rest of the portfolio will see the Nav continue to rise. The discount will not stay at this level forever, especially as we are de-risked from the SPAC and have a huge chunk of the‘boringly predictably profitable ‘tunes’ business. £30 before end of the week I think.

…and the share price is rising.