Member Info for tennents

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 .

Well I will certainly not argue with those aspirations and I think we could be an outstandingly successful player.

Did you say IF.........

Or are you just very excitable in reading random press releases?

Or do you know that ITM is getting orders from this?

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........

Shell down 2% at the moment - guess the market is pretty underwhelmed too.

alas not Haggis

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.

Yes but i think it took quite a lot of us buying the product to get there :-)

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

Interesting - both ITM and Ceres are recommended in Saturday's Daily Mail.

Toneman

Agreed on the use of 'wasted' electricity. These are contracts that would require both parties to agree to change - so how to so that?

A Shell led consortium could provide a technically and economically credible solution that did not exist at the time the contracts were agreed. This 'excitiing now nnovation' provides UK goverment an exceptional opportunity to embarrass the power companies into agreeing the required change using lines including:
- an exciting new technology in green energy - British led, our wonderful engineeers matching our wonderful vacinne scientists
- as we now have a way to avoid the waste we should immediatley act on that and would be irresponsible not to
- UK families, consumers and taxpayers are paying for this waste out of their hard earned wages . COVID has had a massive negative impact on so we should take up any and every opportinty to help our people
- in the year of the UK hosting teh Glasgow climate conference - more heads of state visiting UK than ever before. UK leads the world in how renewable energy performance can be enhanced - and copied across the world
- the products to deliver the service are UK built and will create new jubs in advanced manufaturing technology at the heart of the green revolution.
- many of those jobs are in the north of England evidencing real 'levelling up' in action in traditiona manufacturing towns like Sheffield
- Government stepping in and being seen to help all the commercial players make this new improvement happen
- Goverenment also announcing that all contracts in negotiation / future contracts will have the 'Shell solution' mandated as part of permission to build being granted
- which political party would oppose this - none - so uniform cross party political support

Can you see the current operators press officers trying to talk their way round that . I dont think so - they would not dare. The press would crucify them. Not worth the reputationa toxicity. Game over.

Oliver
a good many of us have made those mistakes. ....
I for one am trying not to do it again !!

Doli Have look at this. Good explanation and comparison.

https://youtu.be/f7MzFfuNOtY

SatellitePro

An interesting article.

When you read about the rapidly accelerating introduction of battery-based renewable energy there seems to be an underlying assumption that becasue renweable energy to recharge teh batteries is 'close to infintie' - and it is - that teh scope for battery use is the same.

The lithium article makes clear that there are limiting factors - much as with rare earth minerals. Perhaps next generation (non-lithium) batteries will skip over that hurle. Perhaps they will not or perhaps the unit cost will be steps higher. Perhaps that will make hydrogen appear a more economic solution for a wider range of high volume applications eg heavy commercial vehicles.

I dont presume answers but i suspect the path to green will have all manner of twists and turns - especially as China seeks a world leading role and has its hand on many of the limiting factors in key minerals.

Going to be very interesting ,and demanding. A good place to eb for for very innovative and driven companies.

I have a mate who has worked on olympic and commenewalth games delievry teams. All that sort of stuff is organised years, literally years, in advance of the event. Nothing in terms of engineering design and procurement is done 'last minute' or even just in time.

Companies like Agrekko are big players in this space and in major event s(eg big exhibitons). They put the who poer supply package togather. I guess they might become a customer as demand for green power increases.