GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Nel's Q1 results still seem a strong performance to me...
Q1 Revenue NOK213m (up 36% YoY)
Order backlog NOK1.3bn (up 19% YoY)
Top five FEED studies in progress include three projects circa 750MW in Europe.
Based on the fall in hydrogen stocks we've been seeing, I think all those running away from hydrogen stocks right now are running in the wrong direction. The companies keep reiterating their 2025 expectations for the scale of the opportunity so we've only got 2-3 years to see whose right...that's really close. For context, Plug Power restated their expectations for '23, '24 and '25 on Monday. Basically they're both saying the same thing, so either they're both wrong or the market doesn't get it yet.
"Plug’s 2021 acquisition of Frames Group, headquartered in the Netherlands, further supports our
goal to reach an installed electrolyzer capacity of three gigawatts by 2025. Plug continues to
combine its world-class stack technology with Frames’ systems integration capabilities to deliver
a range of turnkey electrolyzer solutions from 1MW containers to 1GW standalone plants."
Thanks Taskmaster, all good. Enjoying the contributions from a few new faces around here, as well as the 'old-timers'.
As others have mentioned, the lack of news-flow (i.e. orders) is tedious at best. Even the fairly regular reports of orders from Nel, Powercell, and McPhy are still disappointingly small scale. Maybe if I were to add them all up it's huge, but feels a long way from any sort of 10GW or 30GW goal set for 2030.
Plug Power report Q1 on Monday, so they could be next on the -25% kicking. Then Nel report their Q1 on Wednesday...so kick them too.
ITM's next results will be based on operations up to the end of last week, so that's all baked in now. My guess is they didn't have to change the batteries on their calculator, but we'll hear all about it in about a month from now.
If we do get pushed back into the low 200's I'll likely top up a bit. Targets may well be missed along the way but I'm still predicting a £10bn+ market cap a decade from here. Hope we don't get nuked off the planet by a madman next week.
Unfortunately these people are in self-preservation mode clinging to anything that can justify them drilling for more and more oil and gas. Sadly the decision-makers they are lobbying are too often either gullible or not sufficiently educated in the field to recognise the problems these decisions present in the future.
I just wish that the big fossil gas companies would use their skills to manufacture, store and transport green hydrogen instead. I'm pretty sure the costs would rapidly come down if they followed that route now rather than waiting for costs to come down before joining the party - chicken and egg.
Is it any coincidence that today Plug have got themselves a new happy logo...
https://www.ir.plugpower.com/press-releases/news-details/2022/Plug-Underscores-Its-Commitment-to-theGlobal-Green-Hydrogen-Economy/default.aspx
Thanks Nick.
To save everyone scrolling down to find it, I'll put another link to the petition up here. Thanks all of you willing to put your name down.
https://petition.parliament.uk/petitions/610289
SaleSale, I think you mistook my emphasis. I wasn't saying Ukraine are buying ALL our armaments, just that they must be seen to be BUYING our armaments. I'm quite sure we are manufufacturing enough armaments to supply all the despot dictators that want them around the rest of the world. Plenty of fighting all over the place to keep us busy - it seems it's one of the few things left we're good at. It would be nice if we put that sort of support behind hydrogen, and ITM specifically.
taskmaster, I would think that the loans to Ukraine will be written off once the war is ended. Presumably to 'stay out of the war' the West has to make them loans. I would expect that Ukraine are also 'buying' all the defence armaments we're providing so that the West remains a 'neutral bystander'. Otherwise Putin would be be able to state without contention that we are already in the fight and unleash whatever madness he chooses outside of Ukraine. True it would probably be the last thing he ever does, but I wouldn't put it past him, he doesn't seem of sound mind.
I have been looking for ways to voice my disapproval of the current UK position of funding both sides of the war between Russia and Ukraine. In my opinion it is crazy to fund the Russian side through continued purchase of Russian gas whilst simultaneously providing both financial support and defensive military support to Ukraine. I am in full support of the Ukranian people and wish to immediately end our purchase of Russian gas, now rather than the current timeframe of the end of the year.
I have already written to my MP and now I have found a petition someone has started which summarises my wishes. If you feel the same please sign the petition here...
https://petition.parliament.uk/petitions/610289
My apologies for a non-ITM post...
Politicians who don't understand engineering or physics should not be allowed to make decisions that rely on an understanding of engineering and physics. What was the point of me studying all that if it's those with a degree in art and history that decide our energy future. Totally ludicrous.