Hydrogen matters

[Hallucigenia]

Press release is here :
https://www.bmwgroup.com/en/innovation/ ... rogen.html

Seem to be using Toyota fuel cells hooked into the new BMW Neue Klasse EV platform, idea is to provide an alternative fuel source for ?? a successor to the existing iX5 hydrogen prototypes rather than a dedicated model like the Mirai. Makes sense as once you're past the fuel cell stage it's all electric anyway.

6kg hydrogen gives 504km (313 mile) WLTP range. Current retail price of hydrogen is somewhere around £12/kg, so £72 for 313 miles.

Let's hope they still have some refuelling stations in 2028...

[Tedx]

Press release is here :
https://www.bmwgroup.com/en/innovation/ ... rogen.html

Seem to be using Toyota fuel cells hooked into the new BMW Neue Klasse EV platform, idea is to provide an alternative fuel source for ?? a successor to the existing iX5 hydrogen prototypes rather than a dedicated model like the Mirai. Makes sense as once you're past the fuel cell stage it's all electric anyway.

6kg hydrogen gives 504km (313 mile) WLTP range. Current retail price of hydrogen is somewhere around £12/kg, so £72 for 313 miles.

Let's hope they still have some refuelling stations in 2028...

So very roughly about £50 of unleaded for the same distance in my car.

[Hallucigenia]

So very roughly about £50 of unleaded for the same distance in my car.

Except that's really about £30-35 of unleaded, if you're wanting to compare ex-duty prices....

[BullDog]

Press release is here :
https://www.bmwgroup.com/en/innovation/ ... rogen.html

Seem to be using Toyota fuel cells hooked into the new BMW Neue Klasse EV platform, idea is to provide an alternative fuel source for ?? a successor to the existing iX5 hydrogen prototypes rather than a dedicated model like the Mirai. Makes sense as once you're past the fuel cell stage it's all electric anyway.

6kg hydrogen gives 504km (313 mile) WLTP range. Current retail price of hydrogen is somewhere around £12/kg, so £72 for 313 miles.

Let's hope they still have some refuelling stations in 2028...

So very roughly about £50 of unleaded for the same distance in my car.

Or my BEV that manages about ~300 miles on a full charge. At ~4 miles per kilowatt hour or around 75 kilowatt hour for the 300 mile trip at 7p per kilowatt hour when charged at home. Or maybe 10x that much at a public charge station.

[Hallucigenia]

Harvard study concentrating on distribution and storage reckons that those aspects alone pretty much make green hydrogen "a prohibitively expensive abatement strategy, with carbon abatement costs of $500–1,250/tCO2 across sectors. If production costs reduce to $2/kgH2, low-cost carbon abatement opportunities will remain limited to sectors already using hydrogen (e.g., ammonia) unless storage and distribution costs decrease"

https://www.cell.com/joule/abstract/S2542-4351(24)00421-5

For those with Bloomberg access, it's covered here : https://www.bloomberg.com/news/articles ... -estimated

[Hallucigenia]

Clean hydrogen industry is struggling to find a market.


https://www.spglobal.com/commodityinsig ... evelopment
Orsted has ceased the development of its pioneering FlagshipONE eMethanol project under construction in northern Sweden, citing slow market progress and an inability to sign long-term offtake contracts, the company said Aug. 15.

https://renewablesnow.com/news/mcphy-lo ... er-870411/
French hydrogen equipment company McPhy Energy SA (EPA:MCPHY) has lost a recently signed deal to supply 24 MW of electrolysers as the green hydrogen project has been abandoned due to the unexpected last-minute withdrawal of the off-taker.

In September, McPhy signed a contract for the supply, assembly and commissioning of two McLyzer 3200-30 electrolysers to be operated in Central Europe for green hydrogen production. The client was an unnamed “key player in the energy sector,” an earlier statement from September 25 said.

https://fuelcellsworks.com/news/maratho ... assessment
Marathon Petroleum Corporation (MPC) has announced its withdrawal from the Prairie Horizon Hydrogen (PHH) project, part of the Heartland Hydrogen Hub (HH2H) initiative....Marathon Petroleum's recent decision to step back from the PHH project highlights a strategic realignment focusing on optimizing its core assets in North Dakota. This includes its renewable diesel facility, refining operations, and natural gas processing capabilities. While framed as a move towards operational efficiency, this shift also suggests a cautious approach to new, potentially high-risk clean energy ventures. The withdrawal comes despite significant federal backing, including a substantial $925 million grant from the U.S. Department of Energy (DOE) aimed at fostering clean hydrogen production in the region.

[88V8]

Clean hydrogen industry is struggling to find a market....

And in Germany.
Despite investment from BNC Paribas and CIBC, and the involvement of Siemens, Borsig, BASF, the HH2E project in Lubmin has entered administration.

This may seem rather irrelevant to the small investor, but this project amounted to nearly 10% of the NAV of Hydrogen One HGEN, a small renewables IT now trading at a stonking 62% discount to NAV.
It's a rocky road, renewables.
Read all about it here.

V8 (no holding)

[BullDog]

FWIW, I believe it better to invest in an established company where hydrogen is just one string to their bow. Say Linde, Air Liquide, Air Products. All very solid businesses and leaders in today's hydrogen market.

[mtk62]

88V8 wrote:

HH2E project in Lubmin has entered administration ... 10% NAV of HGEN

It also represented 2.6% NAV of FGEN: https://www.londonstockexchange.com/news-article/FGEN/portfolio-update-hh2e-administration/16755018
Which partly explains the 9.5% initial drop of share price on Friday.
I'm hoping it was an overreaction (I hold FGEN).

[bruncher]

FWIW, I believe it better to invest in an established company where hydrogen is just one string to their bow. Say Linde, Air Liquide, Air Products. All very solid businesses and leaders in today's hydrogen market.

I held all those companies, but I think the expectation hype was more profitable for me (I have taken a profit on all of them) than the actual money they might make in the future hydrogen business. I also held an AIM company Atome which apparently does have a deal with YARA who will buy all its green hydrogen - if it is ever produced.