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Following up on my previous post, the following are related quotes from a recent interview with Nikola's CEO (a Plug Power partner), Steve Girsky.
Minute 6:06 into the video/interview
"Disrupting that market, we're trying it on the truck side we're trying it on the fuel side and and we encourage partners on the fuel side also. But let's be honest Allan we need like-minded Partners, we're trying to build a coalition of a purpose-built coalition a coalition of the Willing people who are like-minded we have since we put trucks on the road. We are getting more interest from potential partners than we ever have, but if we have a Big Oil Company come over and say we want to partner with you on stations that's great because they have money, we're Capital constrained, but there's one problem we move faster than they do, and the second problem is, if they're late by a year, no one in their company cares, if we're late by a year we're out of business. We go to work every day like our life depends upon it, because it does, this is all we do, and we need to find Partners who feel the same way."
BYD, thanks. Unfortunately, it doesn't look good for us shareholders, based on the following quote from Form 6-K " The Company currently expects that its shareholders will experience a significant or complete loss on their respective investments in the Company’s securities, depending on the outcome of the voluntary administration."
Link to Form 6-K https://www.otcmarkets.com/filing/html?id=17848654&guid=X4L-kp38d5wqJth
BYD, thanks, I'm in the same exact situation.
JB, I believe in posting all relevant information, direct or indirect/anectodal, big or small, positive or negative, and let the readers decide for themselves. Occasionally, I may provide an opinion, but when I do, I make it clear that it's my opinion.
Case in point, the recent presentation by Lutz Decker, Chief Technology Officer at Linde, a major competitor of Plug Power. I advertised the presentation twice, a few days before and on the same day. Took the time during the presentation to take snapshots of the slides, and posted them to the board the same day. In a separate post, I also provided insights discussed during the presentation or the Q&A, not included in the slides.
In the second slide from Lutz's presentation (reproduced below), it says that Linde as the "World's Largest Operator along H2 Value Chain" only has a pathetic 40 MW electrolyzer capacity installed. This indicates to me that, unlike Plug Power, Linde has not prioritized green hydrogen production in their strategy.
I would therefore be very skeptical of any green hydrogen related comments from Linde. They may for instance be purposely downplaying green hydrogen, not do anything to promote it, perhaps even the opposite, hoping that Plug Power goes out of business, to then take over Plug Power's green hydrogen production business. Just my opinion.
BYD, understood, thanks. Meantime, what are you doing, buying, selling or just waiting?
Myself, I added to my position a few days ago on optimistic sentiment, I kind of regret it now, as sentiment appears to have turned negative.
BYD, I value your opinion, what's your best guess? Somewhere in between?
BYD, what do you make of this article posted on the Stocktwits board?
Tritium DCFC Finalizes Asset Sale Amid Insolvency
TipRanks Auto-Generated Newsdesk
Sep 20, 2024
https://www.tipranks.com/news/company-announcements/tritium-dcfc-finalizes-asset-sale-amid-insolvency
Tritium DCFC Limited, an Australian electric vehicle charging company, has completed a significant asset sale totaling approximately $32 million, following the appointment of administrators and receivers due to insolvency. The asset sale to Tritium Power Solutions involves the business of designing, manufacturing, and servicing hardware and software for fast EV chargers. As a result, the company has liquidated virtually all assets, leaving shareholders facing a potential total loss on their investments.
JB, it's clear that you haven't even watched the video, as you are coitizing the video, which makes the same point as you are, that EV and hydrogen trucks are not yet competitive with diesel, and thus, not yet economically feasible.
Cost parity with diesel is a must for semi truck electrification to get in gear | WHAT THE TRUCK?
Start watching at minute 19:30 into the video for the sustainability program at the Port of Long Beach, and/or at minute 27:25 for a review of Nikola trucks (not mentioned in the video, the 5 hydrogen fuel tanks in the Nikola hydrogen fuel cell truck have a total storage capacity of 70 kgs of hydrogen).
FreightWaves
30.4K subscribers
Posted Sep 18, 2024
Cost parity with diesel is a must for semi truck electrification to get in gear | WHAT THE TRUCK?
Start watching at minute 19:30 into the video for the sustainability program at the Port of Long Beach, and/or at minute 27:25 for a review of Nikola trucks (not mentioned in the video, the 5 hydrogen fuel tanks in the Nikola hydrogen fuel cell truck have a total storage capacity of 70 kgs of hydrogen).
FreightWaves
30.4K subscribers
Posted Sep 18, 2024
Cost parity with diesel is a must for semi truck electrification to get in gear | WHAT THE TRUCK?
Start watching at minute 19:30 into the video for the sustainability program at the Port of Long Beach, and/or at minute 27:25 for a review of Nikola trucks (not mentioned in the video, the 5 hydrogen fuel tanks in the Nikola hydrogen fuel cell truck have a total storage capacity of 70 kgs of hydrogen).
FreightWaves
30.4K subscribers
Posted Sep 18, 2024
Electrolyzer Basics: Renewable Hydrogen Production
Plug Power
7.27K subscribers
Posted Sep 20, 2024
Hydrogen is the most abundent element in the universe. It plays an important role in the quest for sustainable, efficient energy solutions in the global move to the electrification of everything. But how is hydrogen produced and what can it be used for? Watch to learn.
Hog, I voted against the RS. Is it also your recommendation to vote against it?
Steve, not familiar at all with shorting, as I don't do it, however, reposting the following related post from a small AI company Stocktwits board.
Here's a little chat gpt take on dark pool squeezes.
Stocks that are heavily shorted in dark pools can be more prone to a short squeeze, Here's why:
1. Hidden Short Positions
When stocks are heavily shorted in dark pools, the market may not be fully aware of the extent of the short interest. If the price of the stock starts to rise, short sellers may scramble to buy shares to cover their positions, leading to a short squeeze.
2. Low Transparency
Since dark pool trades are not immediately visible to the public, a stock's public short interest may appear lower than it actually is, making a sudden price surge unexpected and amplifying the potential for a squeeze when it happens.
3. Liquidity and Volatility
Stocks with high short interest, especially in illiquid markets like dark pools, can experience more extreme price movements because fewer shares are available for trading.
4. Market Catalysts
A short squeeze is typically triggered by a positive catalyst—good news, unexpected earnings
Plug and Nikola Announce Collaboration to Push Hydrogen Economy Forward
December 15, 2022
https://www.ir.plugpower.com/press-releases/news-details/2022/Plug-and-Nikola-Announce-Collaboration-toPush-Hydrogen-Economy-Forward/default.aspx
Highlights:
- Companies enter into a Green Hydrogen Supply Agreement. Plug will be supplying green hydrogen to Nikola starting in 2023, and ramping up to a 125 TPD take-or-pay commitment as Plug’s green hydrogen network continues to come online.
- Nikola to purchase a 30 TPD liquefaction system from Plug for its Arizona Hydrogen Hub
- Plug to purchase up to 75 Nikola Tre FCEVs over the next three years
- Emphasizes Plug’s commitment to sustainability by driving down greenhouse gas emissions within the hydrogen ecosystem
Tesla Semi drove 250,000 Miles: Key Insights
UON News EV
1.35K subscribers
Posted Sep 17, 2024
Transcript: According to Electrek, Tesla's Semi program is showing promising results. Tesla has already built around 100 Semi trucks, primarily used internally and by PepsiCo. One of these trucks has traveled 250,000 miles over the last 1.5 years, contributing to a total fleet distance of 7.5 million miles.
Tesla claims the Semi can drive 1,000 miles in a single day, matching the capacity of diesel trucks. The electric truck is proving efficient, using 1.6 kWh per mile, slightly better than Tesla's earlier estimate of 1.7 kWh per mile. Uptime is reportedly at 95%, which is crucial for trucking companies focused on minimizing downtime.
Tesla plans to deliver more Semis by the end of this year, with volume production expected next year at its new Nevada facility. By 2026, the company aims to produce 50,000 trucks annually.
Hydrogen News: LA Welcomes New Refueling Station!
Hydrogen News
22.4K subscribers
Posted Sep 16, 2024
Tom’s Truck Center has made a groundbreaking move by opening the first hydrogen refueling station onsite at a commercial truck dealership. This significant event took place at their Santa Fe Springs location in Los Angeles County, marking an important milestone in California’s push towards a hydrogen-powered future. Strategically situated along Highway 5, one of the nation’s busiest corridors, this new station is part of the Nikola HYLA network and aims to support the transition to cleaner, zero-emission heavy goods transportation.
Hydrogen News: LA Welcomes New Refueling Station!
Hydrogen News
22.4K subscribers
Posted Sep 16, 2024
Tom’s Truck Center has made a groundbreaking move by opening the first hydrogen refueling station onsite at a commercial truck dealership. This significant event took place at their Santa Fe Springs location in Los Angeles County, marking an important milestone in California’s push towards a hydrogen-powered future. Strategically situated along Highway 5, one of the nation’s busiest corridors, this new station is part of the Nikola HYLA network and aims to support the transition to cleaner, zero-emission heavy goods transportation.
Hydrogen News: LA Welcomes New Refueling Station!
Hydrogen News
22.4K subscribers
Posted Sep 16, 2024
Tom’s Truck Center has made a groundbreaking move by opening the first hydrogen refueling station onsite at a commercial truck dealership. This significant event took place at their Santa Fe Springs location in Los Angeles County, marking an important milestone in California’s push towards a hydrogen-powered future. Strategically situated along Highway 5, one of the nation’s busiest corridors, this new station is part of the Nikola HYLA network and aims to support the transition to cleaner, zero-emission heavy goods transportation.
Hydrogen News: LA Welcomes New Refueling Station!
Hydrogen News
22.4K subscribers
Posted Sep 16, 2024
Tom’s Truck Center has made a groundbreaking move by opening the first hydrogen refueling station onsite at a commercial truck dealership. This significant event took place at their Santa Fe Springs location in Los Angeles County, marking an important milestone in California’s push towards a hydrogen-powered future. Strategically situated along Highway 5, one of the nation’s busiest corridors, this new station is part of the Nikola HYLA network and aims to support the transition to cleaner, zero-emission heavy goods transportation.
BYD, thanks.
DNU, not a competitor, the only competition to Nikola is from diesel trucks. On average, more than 20,000 diesel Class 8 trucks are sold in the US every month, that's more than Nikola's annual production capacity at its Arizona factory, which, hopefully, it will be able to achieve in a couple of years.
Source of Class 8 truck sales https://www.ttnews.com/articles/class-8-sales-fall-0912
Posted 3 hrs ago.
Posted 3 hrs ago.
Posted 3 hrs ago.
Posted 3 hrs ago.
Updated California HVIP voucher data for XOS Fleet for end of August 2024. Below are snapshots for Unredeemed (top) and Redeemed (bottom) vouchers.
Link https://californiahvip.org/impact/#deployed-vehicle-mapping-tool
JB, again, I'm more interested in learning more details about the following quotes you made in a post yesterday. UK said he's also interested. Is there anything you learned that you can share with the board?
"I had a One-on-One with Lutz's BOSS ! Whereas Lutz danced around many questions especially costs and prices, his boss told me in great detail what grey vs green plants cost (CAPEX), OPEX, Bulk and retail. Linde, Air Products, Air Liquide and even NEL, Kogas and Sinopec and Sabic were open about pricing and strategies. All of my questions were addressed."
"For instance, I now know how the non-US companies are already taking advantage of the 45v rules in the US."
Plug Signs Technical Evaluation Phase Contract for 25 MW of PEM Electrolyzers with Dourogás and CapWatt for 80,000 Ton Per Year Methanol Project
September 12, 2024
https://www.ir.plugpower.com/Press-Releases/default.aspx?_gl=1*ypp5jq*_ga*MTA3Nzg0NjI3NS4xNzI2NzQ1ODk0*_ga_MWCMJHDG1R*MTcyNjc0NTg5My4xLjEuMTcyNjc0NTkwOC40NS4wLjA.
Plug will collaborate to provide support during the Front End Engineering Design (FEED) phase
SLINGERLANDS, N.Y., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has secured a contract with H2DRIVEN, a project developed by Dourogás and CapWatt, to provide Technical Evaluation Phase (TEP) support for 25 megawatts (MW) of its Proton Exchange Membrane (PEM) Electrolyzers during the Front End Engineering Design (FEED) process for their green methanol project in Portugal.
Building on the success of its Basic Engineering and Design Package (BEDP) for larger-scale plants, Plug introduced a similar offering to support the development of projects considering multiple 5 MW PEM electrolyzer units. The TEP offering provides customers with technical information and support to advance their projects through the permit and funding application phase and the plant development phase while mitigating risks and making informed Final Investment Decisions (FID). Similar to Plug’s BEDP offering, the TEP offering will focus on delivering critical insights and technical expertise to support customers with their successful project execution.
Following a soft launch of this new engineering study and support offering, Plug is pleased to have secured a first TEP contract with H2DRIVEN. H2DRIVEN expects its project to produce 80,000 tons of green methanol annually by combining synthesis gas from biomass gasification with green hydrogen generated through water electrolysis powered by solar energy. This sustainable methanol will be utilized in heavy industry and mobility applications, contributing to a cleaner energy future.
The FEED process for the project will be led by collaborating closely with Plug to leverage its expertise in PEM technology. During the TEP, Plug will provide essential support and detailed information on its PEM electrolyzer technology, guiding the client through the FEED process.
“This agreement underscores our leadership and expertise in PEM electrolyzer technology,” said Plug CEO Andy Marsh. “With the world’s largest PEM electrolyzer plant and extensive real-world experience, we are well-positioned to provide the technical support needed to advance this project.”
H2DRIVEN aims to bolster the national economy and resilience by driving R&D and innovation, diversifying the production system, and reducing reliance on external markets. The initiative will aim to increase exports, support the EU’s technological sovereignty, and stimulate investment in R&D, leading to technical and scientific advancements. Additionally, H2DRIVEN is targeting development of two new high-tech production systems and a reduction in emissions by 105 kilotons of CO2 (carbon dioxide) annually by 2027.
Once the TEP is successfully executed, the H2DRIVEN project will proceed to the next phase of the project, the Final Investment Decision (FID). H2DRIVEN expects the project to be operational by the end of 2026.
About Plug
Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 69,000 fuel cell systems and over 250 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.
With plans to operate a green hydrogen highway across North America and Europe, Plug built a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and is developing multiple green hydrogen production plants targeting commercial operation by year-end 2028. Plug delivers its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications.
For more information, visit www.plugpower.com.
Plug Contracts with bp and Iberdrola Joint Venture to Supply 25 MW of PEM Electrolyzers for bp’s Castellón Refinery Project in Valencia, Spain
September 18, 2024
https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Contracts-with-bp-and-Iberdrola-Joint-Venture-to-Supply-25-MW-of-PEM-Electrolyzers-for-bps-Castelln-Refinery-Project-in-Valencia-Spain/default.aspx
LATHAM, N.Y., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has secured an order for 25 megawatts (MW) of proton exchange membrane (PEM) electrolyzer systems from bp and Iberdrola’s joint venture, Castellón Green Hydrogen S.L. The project will employ five of Plug’s 5 MW containerized PEM electrolyzers with a 25 MW capacity to decarbonize the operations at bp’s Castellón refinery in Valencia, Spain and is expected to avoid 23,000 tons of CO2 emissions per year.
Plug’s electrolyzers will be used at the project led by bp and Iberdrola to produce green hydrogen, replacing part of the refinery’s current use of gray hydrogen generated from natural gas in its operations.
"The selection of Plug's technology for this project serves as a clear example of our established industry expertise and proven technology,” stated Plug CEO Andy Marsh. "Industry experts have highlighted the immense market potential for green hydrogen in Europe as being a key factor for reaching European Union decarbonization targets. This presents a significant opportunity for Plug, and we have the market knowledge and technology readily available to make a substantial impact.”
Plug will leverage its extensive experience in the green hydrogen industry, backed by 35 years of engineering and expertise following the acquisition of Frames in 2021. Plug's experience in deploying and operating PEM electrolyzer systems globally, highlighted by operating the largest system at its 15 ton per day (TPD) Georgia hydrogen production plant, underscores its ability to provide proven PEM electrolyzer technology for this project.
Plug's state-of-the-art Gigafactory in Rochester, N.Y., one of the largest PEM manufacturing facilities in the U.S., further demonstrates the company's ability to deliver on this project. Together, the Georgia plant and the Gigafactory are evidence of Plug's successful track record with PEM electrolyzer technology.
This deal marks the beginning of a long-term partnership and is the first step in decarbonizing bp's operations. The project will be developed in phases, with the potential expansion of up to 2 gigawatts (GW) of electrolysis capacity.
About Plug
Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 69,000 fuel cell systems and over 250 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.
With plans to operate a green hydrogen highway across North America and Europe, Plug built a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and is developing multiple green hydrogen production plants targeting commercial operation by year-end 2028. Plug delivers its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications.
For more information, visit www.plugpower.com.
About Iberdrola
Iberdrola is the largest utility in Europe, and one of the top three largest globally, serving a population of more than 100 million people around the world. The company has a workforce of over 42,200 and assets in excess of €150 billion. In 2023, Iberdrola posted revenues of nearly €50 billion, net profit of €4.8 billion, with nearly €9.3 billion paid in tax contributions in the countries where it operates. The company helps to support more than 500,000 jobs in communities across its supply chain, and global supplier purchases topped €18.1 billion in 2023.
A benchmark in tackling climate change, Iberdrola has invested more than €150 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
UK, JB, I'd be interested in all of this:
"I had a One-on-One with Lutz's BOSS ! Whereas Lutz danced around many questions especially costs and prices, his boss told me in great detail what grey vs green plants cost (CAPEX), OPEX, Bulk and retail. Linde, Air Products, Air Liquide and even NEL, Kogas and Sinopec and Sabic were open about pricing and strategies. All of my questions were addressed."
"For instance, I now know how the non-US companies are already taking advantage of the 45v rules in the US."
Some insights from the Mission Hydrogen webinar on Hydrogen Liquification are as follows:
- Large scales are needed to lower the cost of liquid hydrogen plants, the larger the better
- The theoretical upper limit efficiency for hydrogen liquification plants is 4 Kwhr / kg hydrogen
- Boil-off losses can be significant varying from 6-20%, although the timeframe was not specified
- Once built, liquification plants last a very long time, greater than 50 years, with minimal maintenance required
JB, luckily for us, you were there and got to learn all this great information. As a moderator of this board, would you mind sharing whatever information you can with the rest of us board members.
Repost from FCEL board, courtesy of Hoghead7.
Hydrogen pushing forward daily, including streamlining the process
Just click click on all of the links yourself instead of me posting each link.
https://www.hydrogenandfuelcellsafety.info/september-2024
Repost from FCEL board, courtesy of Hoghead7.
Hydrogen pushing forward daily, including streamlining the process
Just click click on all of the links yourself instead of me posting each link.
https://www.hydrogenandfuelcellsafety.info/september-2024