Wow I knew they weren’t making money yet but I didn’t see that coming!
2 Likes
Revenue of £0.2m (£2.4m), down 92% due to delays in final installation of projects required for revenue recognition arising from Covid-19 issues
Oof! If the current party in government doesn’t get us all killed then there’s going to be quite the turnaround/shock to the system when covid’s mostly gone and projects can move forward again.
1 Like
Sounds like they’re still sitting on a lot of deals to be completed soon.
It is the beginning of a massive industrial and technological revolution. Remebr no emissions by 2050 and no petrol cars by 2030. Hydrogen is a massive part of that. That report says the made 200k compared to 2.4m year before. But they should have been up 3.1m(its unclear if that’s up 3.1m from year before or up 3.1m from their actual 200k) but its bc they couldn’t get on sites. They still have a big back log so when they get moving the work is ready to go.
Am I being too optimistic?
Thats why today could be an amazing buying opportunity. Thats what I’m thinking. Isn’t it backed by the government?
1 Like
If you buy into what the world economic forum is up to, the next 10 years is the exponential phase of the 4th industrial revolution where we combat climate change, advance technological applications and accelerate the green agenda. All ties in with the UN agenda 2030 and the UK targets too. I think it’s pretty safe for the long term unless anything severe happens.
3 Likes
Hyrdogen 
is never going to be mainstream in normal consumer vehicles.
Sorry for the emoji but I hold that belief as strongly as - the earth is round, quorn nuggets are better than chicken nuggets, water is wet and 90s west coast rap is far better than any rap put out in the 21st century. Hydrogen has a place butit won’t be in the overwhelming majority of vehicles on the roads.
6 Likes
Yh sorry let me qualify my comment. I think hydrogen powered vehicles might be a thing for trucks etc. But I believe we will all have EV powered by electric made from hydrogen fueled power stations. No point having teslas powered with coal power stations. Just pushing the problem around
We are starting to see that some of the larger EVs are inefficient at high speed, because they carry around a large battery. You can have 2 cars that supposedly achieve 200 miles, but the smaller vehicle has a battery half the size, and therefore recharges faster. To use the larger vehicles daily with a full charge, you would require access to a powerful commercial charger. Charging time becomes an issue more than range, so we need vehicle that can refuel quickly and still be green.
1 Like
EV are inefficient at high speed due to aerodynamic drag, not the size of the battery, weight has more effect at low speed. Smaller batteries often recharge slower as rapid charging only normally occurs during 0-80% before starting to decrease the charge rate. Also large batteries tend to allow higher charge rates, so having a larger batter tends to mean you can add charge adding more miles of range per minute of charging.
2 Likes
If green hydrogen is produced by renewable electricity, why would you charge an EV from a hydrogen power station, when you can just use the renewable electricity to charge the EV?
3 Likes
Simply because you can refuel a hydrogen vehicle much faster than an EV (3-5mins) and you don’t need to mine the whole planet for materials required to make the large battery. If it’s about being green then you shouldnt destroy more of the planet to get there.
Most manufacturers don’t release data relating to low and high speed range and efficiency, especially those with large electric SUVs, but for the ones that do, we see a 30-40% reduction in range at motorway speeds, this is on small EVs, and some actually exceed the manufacturer range at city, low & medium speed by 30-40%. I suspect that when we see the data for low and high speed on large EVs, the situation will be worse, as I have witnessed many complaints from users of electric SUV’s in comparison to smaller ones.
2 Likes
You have a good point but I think the plan is to use hydrogen as a kind of battery energy storage system. If you can produce hydrogen when there is an excess of renewable electricity being made say from a turbine, then when there is little wind the hydrogen created can be used to power the grid and plug the gaps. I think that’s the idea. There is a Norwegian company called greenstat that is looking at using this method. Using the excess electric to make hydrogen.
Which ever way you look at it hydrogen is going to be a big part of the future
1 Like
Not sure why you would use hydrogen as energy storage when you have a battery to store the energy in the EV. If the car is plugged in overnight it can charge when there is spare renewable electricity available, so could only see Hydrogen being use to generate electricity if there was a long period of low renewable generation.
I don’t disagree hydrogen has a role in the future decarbonisation and we will need to use all tools available. However the Commmite on Climate Change, under a full hydrogen scenario show the majority would be for heating buildings:
1 Like
Hydrogen cars still have batteries, and metals have to be mined for the fuel cell. Completely agree with not mining the planet, the ultimate aim is to make everything closed loop production, so we’re not using virgin materials, and recycling everything.
Aerodynamic drag is proportional to the square of velocity, and hence the power needed to overcome drag is proportional to the cube of velocity. This means that there is a very strong relationship between the speed that a vehicle is travelling and the proportion of the energy used to overcome drag.
For passenger cars this means that aerodynamics is responsible for a much higher proportion of the energy used in the motorway cycle than the city cycle: 50% for motorway; versus 20% for city.
It’s is the aerodynamics of the car that effects the range at speed, more that the size/weight of the battery.
3 Likes
Did anyone else take the 20% discount this morning. Crazy day
6 Likes
yes indeed…
@Coolsmp thanks for reminding me of all that I missed both before and after that post in June for ITM 
1 Like
You are absolutely right. This is already a gigantic market currently made up of hydrogen produced from methane and it would take hundreds of gigawatts of electrolysers to clean it up. If in the process hydrogen finds other ways of being useful then thats an added bonus for me. Long term though I dont expect it to play much of a role in heating or transport as more efficient alternatives exist and dont invest in companies focussed on these types of applications.
1 Like