Sorry this is off topic, but curious what others think. I've yet to experience a battery EV, but every time I watch reviews I'm struck by how sitting in the back looks like their knees are up around their chin as there's so little room for their feet. All the floor space is taken up by batteries, so I'm disappointed to read that designers think this space is a good idea and want to develop a flat hydrogen tank for it instead. Am I wrong?
https://www.electrive.com/2022/02/07/german-hydrogen-consortium-delivers-flat-h2-tank/
Laughton, I think you would be interested in the constraint payments to the wind-farms. I guess that gives us the best guide to how much is 'lost' through having to switch off generation. One caveat - the MWh could be from operator-stated capacity and may be slightly overstated so that they maximise payment. I've read somewhere before that that 'stunt' was commonplace as it's hard to prove the wind-farm can't actually generate the stated capacity.
https://www.ref.org.uk/constraints/indexbymth.php
Sorry, got distracted and forgot to attach the link...
https://gridwatch.co.uk/
Laughton, this one gives it to you in chart form covering hourly and daily generation. It's been a great few days for wind.
If you scroll to the bottom of the page you can select a specific energy type to isolate that on the charts. For example, wind generated 13.226GW average throughout the whole 24 hours yesterday. That was on average 7.716GW continuously more that nuclear and we only used an average of 4.292GW of gas for electricity.
Capri, the rns summarised the number of shares the company holds in their "share options plan" - shares they can offer to incentivise chosen staff. The increased number of shares in the plan were added following a block listing request back in December (see previous rns). This is effectively a very minor dilution of overall shareholding as it added a further 5.5m shares to the pool. As they are currently tied up in their share options scheme they are currently not trading, but it's a small dilution all the same.
Nel Hydrogen US has received a contract for a containerized PEM electrolyzer to be integrated with its 700 bar H2Station® hydrogen fueling equipment package at a power generating site in the US. The project will demonstrate several use cases for green hydrogen, including cooling of the turbine generators, direct injection of hydrogen into the natural gas fuel stream at the plant, and for fueling a fleet of light duty fuel cell vehicles to be operated by the utility. Power for the electrolyzer will come from various sources, including an on-site solar PV array, making it a near carbon free source of hydrogen for all three use cases.
“This project represents an important opportunity to demonstrate the flexibility and multiple value streams offered by green hydrogen.
Even the UK oil and gas industry’s trade body seem to want to disassociate themselves with the undesirable label now. They're changing their name to "Offshore Energies UK".
https://oguk.org.uk/the-uk-oil-and-gas-industrys-trade-body-is-expanding-to-cover-low-carbon-energy-generation-and-getting-a-new-name/
Welcome MrBlobby. I'd be a little careful about the idea that adding ITM will "spread the risk". If hydrogen fails again to maintain traction, as it has repeatedly, then both share prices will sink without trace. It does however spread the risk of backing the wrong horse if there turns out to be an outright winner. My expectation is that hydrogen is a reality this time so a spread of these should average out the 'winners' and 'losers' (they might all be winners as the potential market is huge). My broad-brush understanding is that Nel's technology is currently lower cost, but is about 2x or 4x larger footprint and scales well to high MW. Nel does have a PEM solution in their US factory so covers both technologies. ITM has no intention of adding other technologies to their portfolio. I think the prospects for both companies are roughly equal. So far Nel has won where I thought ITM would be successful and vice versa. I think their strongest competition is coming from Plug Power who have an excellent global reach and cover both electrolyser and fuel cell solutions. The relative minnow of the ones I follow closely is McPhy, which seems very undervalued in comparison. Personally I am slightly overweight ITM with the rest of my hydrogen portfolio equal weighted on Nel, Plug, McPhy, Ceres and Ballard.
I agree with Barclays. History shows shares overshoot and undershoot. I'm confident we're in the middle of an undershoot and a recovery to something more appropriate will happen by about mid-year. As a general direction of travel my prediction is 500p by June, although I think this stock is probably better taken with a longer term view.
Doli, I agree, I listened again to their answer to the 16% revenue question and it didn't make any sense. They were talking more like price benefits for higher volume/bigger units, but that surely would increase the margin not decrease it to next to nothing. Still confused. Maybe when they release the documented answer it will be clearer. Not holding my breath though.