The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Three thoughts on the Dover thing.
1) Desalination - is a power hungry process and what level of purity is required to enable a fuel cell to work without huge degradation of the kit?
2) Technology - If AFC could do this we would have heard about it a long time ago - all of the next generation big offshore wind turbines are desperate for this technology
3) ChatGPT - on the front page it has the following limitation- "Limited knowledge of world and events after 2021". Port of Dover decarbonisation strategy is April 2022
This does not really sound credible - does it? (even though I would be happy if it was)
If that is what the First Minister believes then why the hell has he not called in the Whitelees planning application and ordered the thing built. His predecessor constantly referred to the climate 'emergency' - as usual, all words and no action and no Whitelees (now close to two years delayed in planning).
https://fuelcellsworks.com/news/uk-green-hydrogen-pipeline-grows-to-1-8gw-across-72-sites-with-1-2gw-added-in-2022/
Beginning to feel a lot more 'real world'. Companies like Kimberly Clark in Barrow and their other UK plants making real commitments feels more tangible that endless gig projects in Namibia or where ever all else the press was full of last year.
I just looked at their website. I can’t find the location of their factory where they make electrolysers.
Or am I missing something
Just checked an article from the Glasgow herald dated 10 November
Uk offshore wind currently 11 GW
Uk target by 2030 50 GW
To put that in perspective the Scotland leases awarded a couple of months ago were for 24 GW
So adding some England sea are sites could see 50 fairly readily.
So will there be a lot of ‘spare’ electricity……. Very probably unite a bit of the day/night.
Is there a connected system to get it where it needs to be? I have not looked into.
Courtesy of the guys on ADVFN. This question was covered in Investor Q&A from April.
'We do not yet have full compliance certification in all US states (there is not just a single compliance certification which covers the whole of the US). Our JV is with Linde Engineering, and it is Linde Gas that made the 35 MW decision. The JV and thus Linde relationship is as strong as ever.'
Bilbo
New CEO does not need to be a manufacturing expert - he just needs to know that we need a lot of that expertise at a senior level and get hold of it quickly. I suspect a deal of that will come from Linde, possibly on a seconded basis, but we certainly need a hard-core manufacturing director.
His being an accountant - we need that expertise to make sure our tech geniuses and (new) manufacturing guys get some serious costs controls and take us towards a profit.
We certainly need a new chairman - I do not expect the current one to be there is 6 months.
And, I suppose, the odd salesman would not go amiss lol
Shorts - interesting that the big guys have reduced their positions while the new cohort of smaller players are still building theirs. That suggests there are two categories of 'smart money' - but maybe only one of them is really 'smart'.
Let us assume we have kitchen-sinked all the bad news.
We now have a new CEO. We have certainty that the 'Linde will walk away' chat was nonsense. We need some clarity that the problems are being fixed and, as you have noted, we have plenty of money to achieve that. We seem to be towards the end of the bad stuff.
So now we wait for Linde to announce some new contracts (need to be of scale to have a material impact) and then we can maybe have confidence that the wheels are back on. Won't be many shorts around then.
Started production green hydrogen at its facilities in Mandra n Linde Hellasusing renewable energy sources for the electrolysis of KOH solution, according to a related announcement. It is worth noting that the company has received “The green hydrogen production certificate” from TÜV SÜD
https://hellas.postsen.com/local/171127/Linde-Started-the-first-production-of-green-hydrogen-in-Greece-%E2%80%93-Economic-Post.html
KOH is Potassium Hydroxide