Member Info for toneman

Https://www.ir.plugpower.com/press-releases/news-details/2023/Plug-Power-to-Design-and-Deliver-10MW-PEM-Electrolyzer-to-HOPE-Project/default.aspx

That still only talks about fuelling with hydrogen, not with diesel. Anyway, I'll keep an open mind, if I see anyone else mention a diesel fuel-cell alternative then I'll remember I heard it here first.

I don't doubt the credibility of the technology application BrMn, but I don't hear about anyone presenting it as their way forward for vehicles. I see that PowerCell and others in a research group demonstrated the idea back in 2015...

https://spectrum.ieee.org/dieselpowered-fuel-cell-produces-green-electricity

... but it doesn't seem like anyone's going that way today.

Perhaps you have a reference you can share about who is proposing this route?

From a convenience and polluting perspective that sounds no different to today's petrol PHEV, and to be honest I don't really have a problem with those as an interim 20 year solution until there's enough renewable electricity around to power everything by green electricity.

BrMn, I've read your vision a few times here, but I still find it hard to see how it's ever going to go that route. I think anyone considering the future of vehicles that would include diesel would be forgiven for asking "why not just stick with diesel combustion engine?"

I'm not a mechanical guy so I'd appreciate a brief Q&A about your fuel cell implementation for auto. The 600C you mention seems very hot. How does that compare to the running temperature of an ICE? It sound useful for the winter, but in summer how do you dissipate that sort of heat?

Fundamentally though, I just don't see how you're ever going to persuade anyone to go through a whole development expense to simply swap from one CO2 emitting polluter to another.

JCB will certainly need a lot of money to build out their hydrogen plans in India. Hopefully they're just raiding the pot to expand their own hydrogen infrastructure. It's amazing what they've produced for their diggers so far.

Seems like a strange time to reduce your holding. Perhaps they need the money to invest in their own hydrogen project. Perhaps they know something we don't. What do you think?

Let's hope that's just Credit Suisse talking their own book with that 60:40 estimate.

Wetherboy, I'll be disappointed if it's less than the guidance that they pulled back in October's trading update. They said that due to the production issues they were experiencing that they weren't able to complete the work that had been pencilled in toward the end of the financial year. "The previously announced range is 48MW-65MW of delivered product and revenue of £23m-£28m". If Dennis is truly making the significant headway he's hinting at then surely these deliveries must be possible/in-the-bag this year. Missing these figures two years in a row might be catastrophic for the share price and credibility (if you're willing to accept that 74p isn't already catastrophic).

BRMn, Ceres really IS a hydrogen stock. You are correct to state that their SOFC is much more than that since it is fuel-flexible, but their SOEC is purely targeting the hydrogen electrolysis from water to produce green hydrogen. Although it is yet to be properly commercialised at scale, it is quite likely that the SOEC market will be bigger than the SOFC market (just my opinion). I also think you need not be so negative on a hydrogen future. Mentioning issues like Hindenberg suggests that humans don't have the ability to learn from past mistakes and then develop the necessary technologies and techniques to use and distribute hydrogen safely (lining pipes, new alloys, etc). There is of the order of 70 million tons of hydrogen used globally today. Apart from the odd accident (which happens in all industries) the gas industry seems to have got the basics of production, transportation and usage under reasonable control already.

Clearly comes across as "everything now going according to plan", so really good to hear. The fact they mention that they want to give another update against plan when the results are announced in July shows a level of confidence.

Seems like a very low price for the auction. I suspect that was dominated by sellers hands, not buyers. Either way, I'm not suggesting a further fall tomorrow. If it's more sellers snuffed out, that's potentially fewer to sell tomorrow. I've never managed to spot any direct link between one day's UT and the next day's price action. Of course, always open to suggestions. I've a sneaky top-up down here just in case.

Plug now targeting >2GW electrolyser deployment into Finland. This has got to be starting to get under Linde's skin. I hope they've got an answer.

https://www.ir.plugpower.com/press-releases/news-details/2023/Plug-Power-Makes-Major-Strategic-Move-into-Finlands-Green-Hydrogen-Economy-with-its-Proven-PEM-Electrolyzer-and-Liquefaction-Technology/default.aspx

Should be a good move. You can't recommend or specify a product if you've never even heard of it before. This should help build awareness of the alternative to lithium megapacks. Currently everyone with a phone has heard of lithium batteries. Probably less than 0.01% of those will have heard of flow batteries.

Until they are willing to accept that they caused a lot of the mess we're in, then they're not going to recognise that the path their policies are taking us along is a doom loop. I am however a believer that we do slowly make progress 'despite' our polititians rather than as a direct result of their involvement. They just slow us down a little. So I remain optimistic invested here and other clean energy spaces.

Interesting that Air Products has won the EPC contract for that, worth nearly $7bn. That should have lit a fire under Linde.

Hopefully it's someone like Blackrock closing the majority of their short position. If it is then someone's sold very cheaply to accommodate them. Blackrock would have made a decent chunk with their short at this price, all the way from >300p down to 70p. Fortune favours the brave.

As you say, Tennents, it's an exceptionally high number, so if it's predominantly a single stake then maybe we'll find out who it is in an RNS fairly soon. Either way, I'm surprised anyone's still holding their short position now we're down to a price that feels like it reflects asset value.

Feels like we're going to need to see some consistency in the deliveries and results before its reflected in the price. Personally I'm not anticipating much before 2025, but seeing as Dennis mentioned 2027 I'm likely still being over optimistic.

Great to see this sort of progress.

Looks like that FAT announcement today is for the order received in Jan 2021. They're going to have to get that order-production-delivery flow a lot shorter than 28 months.

https://www.lse.co.uk/rns/ITM/support-partnership-with-optimal-for-australia-4iz0rs9lh0grbog.html