The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
A Sunderland-based hydrogen pump maker has signed a deal to supply kit to ZeroAvia, the US start-up developing a zero-emission hydrogen-electric passenger plane.
Haskel, based close to a growing hub of hydrogen companies in the North East, makes the pumps needed to pressurise hydrogen and get it into fuel tanks.
It is this technology being supplied to ZeroAvia, which recently won the backing of United Airlines and Alaska Airlines.
As well as aviation, hydrogen could be used in lorries whose weight rules out using battery technology, said Stephen Learney of Haskel.
“Once you get to a certain size of vehicle, the weight of the batteries themselves outweigh the value of electrifying the vehicle, so there is a transition point where batteries just aren't going to do the job,” he said.
Even quick battery charging will probably not be fast enough for the haulage industry, Mr Learney said, while a hydrogen truck can be refuelled in about a minute.
The company’s biggest order this year was from New Zealand, where it will supply hydrogen refuelling stations in a government-backed deal.
Because lorries stick to fairly predictable routes, the UK may only need about 24 hydrogen refueling stations to cover the motorway network.
Large truck makers including Mercedes owner Daimler, Volvo and Iveco agreed earlier this year to co-operate in planning a move to fuelling their vehicles with hydrogen. Hyundai is planning a lorry with a 500-mile range that could be in production by 2023.
Much further ahead in development are hydrogen buses, as cities including Aberdeen and Birmingham already run the vehicles.
To make the fuel available for the nation’s bus fleets will probably mean a further 51 stations, said Mr Learney.
“The Government needs to make a clear statement about transport,” he said. “If you're looking to really decarbonise, you need to do something about transport.”
The broader hydrogen industry is moving more quickly than even three years ago, where it might take two years to secure an order, down to about six months as government schemes back new decarbonisation programmes, including ZeroAvia’s.
As a green replacement fuel, the technology is limited by the source of energy needed to produce hydrogen, which can be burned to produce nothing but water. To be zero-carbon, it needs to be made using renewable electricity in a process which splits water molecules into oxygen and hydrogen.
There also need to be developments around chilling the gas to manage it under pressure, as current coolants often contain “nasty chemicals”, Mr Learney added.
The North East has attracted much green investment in the last year, with BP planning a huge zero-carbon green hydrogen plant in Teesside. Its 60 megawatt green hydrogen plan will produce the gas from electrolysis from 2025.
to buy long lead items looks to have been unnecessary and a waste of shareholders money. Peel would have arranged the financing without PHE" jumping the gun" lets hope that they don't have to pay for storage whilst waiting for the industrial unit to be built. Peel built some of the first wind farms so I assume they know what they are doing.
directors talk
https://www.***************************/ilika-stereax-solid-state-battery-manufacturing-facility-a-key-point-in-its-evolution-analyst-interview/4121038306
This is an extract from the Telegraph
The engineering company Melrose is to invest in a hydrogen maker amid surging interest in the gas as Britain seeks to slash its reliance on fossil fuels.
Melrose will join a £25m fundraising round by HiiRoc, a Hull-based company aiming to produce hydrogen from methane in a more environmentally friendly way than current methods allow.
Hydrogen is viewed as vital in the fight against global warming as it does not emit carbon when it burns, and is expected to be used instead of natural gas to heat millions of homes in the next decade.
There are two methods of making the element at scale - by splitting water molecules, creating what is known as green hydrogen because the process generates no carbon emissions if manufacturers are powered by renewable energy; and by breaking up methane, a fossil fuel, creating "blue hydrogen". The latter process still emits carbon gas if done using current methods.
The investment is unusual for Melrose, which made its name as a turnaround company by buying up struggling manufacturers, improving performance and slashing costs, then selling them on. It is the first time the company has taken a stake in a business rather than acquiring it outright.
I didn't see this as a good RNS, extending termination and exclusivity options until Aug . 2022 isn't a sign of confidence, more like kicking the can down the road. IS Peel leaving the door open for a takeover or merger from Linde and Hui? if Linde take part in the IPO of HUI it's sp will rocket and with more mou's and dynamism from the HUI board their market cap could exceed ours. PHE looks like a lame duck or sitting duck company, why is it taking so long to find a CEO of any note, why is it taking 18 months to complete the DMG in Glasgow, we seem to be going nowhere fast.
I believe that the chairman is stepping down next year so PHE is pretty rudderless, the Whites own 26% of PHE and would be happy taking a profit and rolling out the DMG via HUI, Peel won't want to buy PHE and would have achieved their objective establishing DMG, this may be too big a project for PHE to handle.
I wouldn't be surprised if PHE is bought out by Linde, the fact that executives are leaving the company seem to indicate this may happen. If Linde bought PHE then they can scrap the license fee which would make the DMG more saleable and being an international company they can roll these out more efficiently instead of in an add hock manner.
PHE.LPOWERHOUSE ENERGY GROUP
Last Signal:STAY IN CASH
Last Pattern:BULLISH ONE WHITE SOLDIE..
Last Close:3.9550Change:-0.0450Percent change-1.13%Signal UpdateOur system’s recommendation today is to STAY IN CASH. The previous SELL signal was issued on 09/09/2021, 29 days ago, when the stock price was 5.2100. Since then PHE.L has fallen by -24.09%.Market OutlookThe last pattern detected was bullish with positive implications. The overall evidence, however, is saying “Watch Out!” but it is not yet pointing to BUY. more...
The dramatic rise in the cost of fuel should make PHE a much better proposition. The cost of producing hydrogen as well as an increase in oil, gas and electricity has risen substantially whilst our costs will remain constant ( in fact we get paid to take other peoples rubbish ), this should be reflected on our sp.
Germany are importing the worlds dirtiest gas from Russia, due to poor maintenance, gas leeks and flaring.
The International Energy Agency (IEA) reported in January that Russia is the world’s largest methane emitter. Last year the country produced 13,953 kt of methane emissions, almost 20% of the 70 Mt of methane released into the atmosphere worldwide last year. After Russia, the biggest emitters were the US, Iran and Turkmenistan.
This is an extract rom the Telegraph,
Britain can overtake its European rivals to take a lead in the hydrogen power race following its departure from the EU, according to the boss of Italian energy giant Snam.
Germany may struggle to make green hydrogen, however, Mr Alverà added.
“Today Germany runs on coal, nuclear and diesel and doesn’t have a lot of sun. It has some access to wind ... [but] it’s nothing like the UK or Ireland. And the people in Germany don’t want onshore wind because it’s ... very densely populated.”
The Snam chief executive continued: “So Germany has to get out of coal, get out of nuclear, get out of diesel. It has to import massive amounts of renewable energy.”
If the UK becomes a leader in hydrogen production, Germany could be dependent on Britain for a large amount of its renewable energy, Mr Alverà’s said.
Last month the Government pledged to unlock £4bn of investment in hydrogen as part of Boris Johnson’s 10-point plan for a “green industrial revolution”.
Ministers said a UK-wide hydrogen economy could support 9,000 jobs by 2030 with the energy source powering transport, heavy industry and homes.
Government analysis suggests that just over a third of the UK’s energy consumption could be hydrogen-based by 2050.
Mr Alverà said the a network of pipes under the North Sea, originally built to transport natural gas, would put the UK at a further advantage: “[It’s] like Disney.”
Shuttering of two CF facilities among first signs fuel’s supply crunch could hit industrial and farm production. I believe that there is a major fertilizer plant near or at Protos which could benefit from our DMG.
I think TY has 91m shares mainly via the merger, the Whites have also done well out of PHE through loans, at the cost of huge dilution of shares, I don't know how they obtained the global rights to the DMG, if they had been able to float W2T they probably would have tried to buy us out on the cheap.
I wasn't happy that ex W2T had too much influence on PHE, it looked like they had taken control over the company, I'd say that Peel were involved in his removal and the fact that Miles KItcher was involved in interviewing candidates for CEO shows they want a say in how the company is run.