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WTM - Key Take Aways :
"Proposal"; "Plan"; "No Official Price Tag"; No Official Timeframe".
NOTHING BURGER
'Germany agrees €16bn plan to subsidise first 10GW of hydrogen-ready power plants'
Proposal comes without an official price tag or a firm timeframe
B_B - How many times are you going to post this?
I remember the results of the last FedEx pilot....
Do you?
Every PLUG Rally Fades within days to new lows !
Here's an interesting read :
https://www.benzinga.com/amp/content/36916751
Steve - You are asking a lot from this Third-Rate management team. They have all been enriched, but shareholders ... not so much.
I agree that everything needs to go well, but even then the mounting delays are getting more concerning.
Here's an interesting read :
https://manhattan.institute/article/green-hydrogen-a-multibillion-dollar-energy-boondoggle
Did you attend?
An Upgrade from Roth with a $9.00 target.
And a lot of Froth.
WTM -
A quick reminder: In a few minutes at 10:00 CET, the webinar “Natural Hydrogen – The Carbon-Free Fuel of the Future” with Vitaly Vidavskiy, Director, Avalio Pty Ltd., and Nikolay Larin, CTO, Natural Hydrogen Energy Ltd. will start.
Join now for free: https://event.webinarjam.com/channel/mh-natural-hydrogen
See you in a few minutes
Mission Hydrogen Team
PS: Here is the link to share, post on LinkedIn or tweet:
https://event.webinarjam.com/channel/mh-natural-hydrogen
A Good Morning !
The leak is out...
The news to follow
Steve - This looks like an Old "Popular Mechanics" article , along with "Colonies on the Moon.".
Pump Science Fiction.
Anyone can have a non-compliant post removed.
Just click on the " more " button and IH will remove any non-compliant post.
I recently saw that all of Joy to the World's posts were removed by IH Admin. The Jamie poster has also had most of their posts removed by IH Administration.
Mik - There is no way that your posts can be altered or modified by anyone but you, so if you are disappointed, you have only yourself to blame. Lol.
WTM - Here are some of Chris P.'s insights for 2022 !! NOT 2023 !
" Here are the things I believe Plug is going to achieve in 2022.
A minimum 2022 revenue of $900-$925 million. The number is expected to be raised as new deals become clearer during the year. Expect $975 million in 2022 revenue.
Green Hydrogen production. The Camden Georgia plant recently began producing green hydrogen and will be making 15 tons per day by. The end of the year. 3 plants will be producing 70 TPD by the end of 2022. In addition to the Georgia plant, work is ongoing at the STAMP site in New York. The Graham, Texas site will start construction shortly. 500 TPD by 2025 and 1,000 TPD by 2028.
16 sites have been chosen for green hydrogen plants. The site locations will be announced when their construction commences.
Plug want sites where there is room to expand production, ie. Texas can expand from 45 TPD to 75 TPD. NY can expand from 45 TPD to 70 TPD.
There are 2 green hydrogen offtake agreements going through final contract wording. The agreements will be finalized by the end of Q1 2022. These offtake agreements are long-term aggreements for 200 tons per day of green hydrogen. The gross profit margin on green hydrogen will be at least 30%.
Plug wants to ship at least 155 MW of electrolyzers by the end of 2022. They have a goal of having a backlog of 1 GW of electrolyzers by the end of 2022. Mr. Marsh thinks the backlog could be 2-3 GW the way discussions are going and if the Build Back Better climate initiatives are passed the number could be double that or more. Plug is negotiating a possible additional 2.5 GW of business during January 2022 alone.
Plug will build a gigafactory in Australia in 2022 and start a gigafactory in South Korea this year.
Material handling will grow to $600 million in gross revenue by end of 2022.
Plug is negotiating with 3 new pedestal customers that they expect to sign in 2022. The first one by the end of Q1 2022 and the other 2 by the end of 2022. Two of the pedestal customers will be in Europe.
The Joule acquisition cost $30 million. Plug will save $20 million annually just for their internal use by owning their liquifying technology. The acquisition can bring in $250 million in new revenue each year beginning in 2023.
Plug/Hyvia will arrange 10 light commercial customers in 2022 and be ready to deliver 1,000 vehicles in 2023.
Plug is negotiating with a heavy duty truck company to jointly produce class 8 fuel cell electric vehicles for heavy transport and will either partner or purchase the company by the end of the first half of 2022.
The Orascam green ammonia plant will be built in 2022 and be up and running before COP 27 in November.
Plug has built a fueling station for smaller distribution sites and expects 80% penetration rate with existing customers including Amazon and Walmart.
Plug will deliver power systems to 3 strategic partners during the first half of 2022 and an additional 10 to 12 units by the end of 2022. These power systems will result in 2022 revenue of $50 million. By the end of 2022 they will have $300 million in backlog for power systems.
Material Handling service will be revenue neutral by the end of 2022. Plug is achieving this by phasing in their new, more efficient Gendrive systems. Plug Power delivered the GenSuite of products and service to 32 new Amazon distribution centers in 2021. These systems require much less service than the old units. Plug will continue installing the newer units throughout 2022.
Plug will announce a new agreement with a pipeline/salt cavern storage company for bulk gaseous hydrogen.
Plug is installing fuel cell equipment at pedestal customer sites to charge their electric last mile delivery vehicles.
Plug will be approved for the DoE loan to fund their ongoing infrastructure buildout. The loan will be at least $500 million.
Plug is working with at least 10 US states who are looking to secure one of the hydrogen hubs that are part of the $8.5 bi-partisan infrastructure plan approved last year. Plug is the leading US company in the electrolyzer and fuel cell business. "
Chis P.'s insights are a bit premature. Hopefully PLUG can accomplish some of these in 2024 !
Mac - Depends on the temperature and if I use the AC or heater.
Average about 30 on batteries alone.
My commute is 24 and I have a free charge at the office.
Mac - Almost funny. Total range is about 400 miles. I can refuel at any gas station with unleaded regular.
According to the onboard computer I am averaging more than 94% Zero Emissions.
If everyone averages 90+% I don't think we would have the problems we are.
Not perfect, but better than the average.
Wow ! How does this compare to BEV and Hybrids ?
Tens of Thousands of BEV's and Hybrids versus Hundreds of FCEV's ?
I think I know who's winning.
WTM - An Expensive Internal Combustion Engine that Pollutes.
Just what the world needs ?
Steve - HERE IS A REALLY INTERESTING READ :
From another Board:
Plug will dilute 300-400mill shares based on the ATM.....they will further dilute 200-300million shares in 2025 as the convertible matures....
The company will continue as a GC based on limited financing options and approx 100mill of unrestricted cash....250mill goodwill impairment and a corresponding 500mill to a billion impairment relating to inventory and property plant and equipment coming....
The company projects no revenue growth in 2024, with a majority of revenue projected in the back half of the year.....for every long willing to continue to buy, Plug will happily sell you shares..
.tough to believe in a company that bets against itself.
No wonder NO INSIDERS are buying the stock even at these levels !
B_B - But Bob, you keep posting all of this Hydrogen News about Hydrogen cars and boats and airplanes, ... Won't demand exceed supply ?
When Demand exceeds Supply, Prices go UP ! That's why hydrogen costs more than $30 / kg .
I think all of that news you are posting is real, and hydrogen will reach $100 / kg, and so will PLUG's share price.
Or hydrogen will go to $0 / kg and so will PLUG's share price.
Or the folks making hydrogen will try to get as much as they can for their hydrogen (as much as the market will bear) .
Steve - Here is an Interesting Read :
WTM - Highlight "Going out of Business"
Banger - I would only be guessing and guessing is not my style. But PLUG is slowly learning that selling below cost is not sustainable for very long.
I sure hope that the Green Georgia Hydrogen is cheap to make, store and ship. I don't see much room for pricing errors.
Knowing what we know now about PLUG's situation, if I was a PLUG customer, and they came to me with a price increase, I would say, "No thank you.". And the next time they called on me, I would request a price decrease. "90% of what you want/need is better than 0%."
WTM - I also think the poor timing of a price increase signals desperation to the market, and that we really need cash !
PLUG is giving up market / bargaining strength by doing this and customers like Walmart will use it to their advantage.
WTM - I think PLUG will encounter resistance to price increases, but everyone seems to be doing it.
Before now, there was no inflation and interest rates were low.
It will be interesting to see if the price increases hold and sales volumes do as well.
I'm out taking my money to the bank
Another One - Off?
B_B - Unique = One-Off
B_B - Of course it works. No one is arguing that .
But is it economical to operate ?
Mac - ALL of the rest of the Hydrogen made in the US is made with fossil fuels and NOT with electricity. So I am 100% certain that 100% of the hydrogen PLUG sources from others is grey or blue.
Do you know of anyone producing green hydrogen in the US other than the Georgia plant?
Mac - I hope PLUG is using 100% green power in the Georgia facility.
But still the Georgia plant will only cut hydrogen sourcing costs for just 15 tpd.
The rest of PLUG's hydrogen will still come from the same, Not Green sources, because the rest of the hydrogen in the US is grey or blue .... Ouch.
B_B - Another Uneconomic Pilot.
Just like the FEDEX and Microsoft Pilots. Yes, the concept works. It would be a bigger surprise if it didn't.
But the expenses make the project and the hydrogen produced uneconomical.
Joy - I am in awe of your Brilliance.
Which metric(s) are you using in determining that PLUG is the top Hydrogen company ?
Production volumes?
Market Cap ?
Other ?
That certainly makers "Refueling" Convenient
Joy - Sorry, No.
PLUG is NOT the top Hydrogen Company. Not even close.
Joy - Yes and Yes.
Some people are even paid to Pump a Stock too.
B_B - Wrong. And NOT True!
More than 20% of Power Generation is Green.
Many power providers offer 100% Green electricity.
All of my power is 100% green. And my PEV in charged with 100% green power.
From another Board:
Here's another Fun Fact :
The Georgia plant will only cut hydrogen sourcing costs for just 15 tpd.
The rest of PLUG's hydrogen will still come from the same, Not Green sources .... Ouch.