WeTheMarket
2 days ago
Repost from PLUG board, courtesy of B_B!
Pacific NW Hydrogen Hub Launched with 1st Round of Federal Funds
Hub to Focus on Production, Distribution of ‘Green’ Hydrogen Made from Water
Jul 24, 2024 | Robert Mullin
The Pacific Northwest Hydrogen Association said it secured the first slice of a $1 billion DOE grant to develop a network of clean hydrogen suppliers and consumers across the region.
https://www.rtoinsider.com/83930-pacific-nw-hydrogen-hub-launched-federal-funds/
July 23, 2024
LPO Announces Conditional Commitment to IRG Erie to Build Pennsylvania Mechanical Plastics Recycling Facility that Will Help Lower Steelmaking Emissions
July 18, 2024
LPO Announces Conditional Commitment to Clean Flexible Energy to Build Utility-Scale Solar Generation and Storage in Puerto Rico
July 9, 2024
LPO Announces Conditional Commitment to ENTEK Lithium Separators to Build Indiana EV Battery Separator Manufacturing Plant
https://www.energy.gov/lpo/listings/lpo-news
WeTheMarket
2 days ago
UK, following is another key slide you may be interested in, that I missed in my earlier post, as well as the final Acknowledgments slide. I'm sure they all have Linkedin accounts that you could use to contact them in case you want to ask them a question, or obtain more information you may be interested in.
Also, I forgot to mention that I'm not a paying member of Mission Hydrogen, I take snapshots of the slides during the free webinar presentations. Takes significant effort, and it's very time consuming, often causing me to miss important parts/points of the presentation.
igotthemojo
3 days ago
"Management believes the company can generate $20 billion in sales by 2030, which would be one phenomenal growth rate considering the company reported $891 million in full-year sales in 2023."
this is a positive?...hopes and dreams of $20 bil in sales that would require a next to impossible phenomenal growth rate??...
"Plug Power is in the midst of expanding its green hydrogen network. Among other things, this involves improving the efficiency of its supply chain, increasing prices across its product and service portfolio, and meaningfully improving its margins."
so the plan is to get much bigger, raise prices on the things that they cant now sell, just generally somehow do better and they will make lots of dollars...
yup...great plan...sounds like it was written by a ten yr old on a take your kid to work day....
WeTheMarket
3 days ago
IGTM, you conveniently neglected the positive quotes from the article.
Link to article https://www.fool.com/investing/2024/07/23/forget-nvidia-billionaires-sell-buy-hypergrowth-ai/
"The lure of Plug Power as an investment is the high-ceiling potential of renewable energy as it pertains to transportation and infrastructure. Management believes the company can generate $20 billion in sales by 2030, which would be one phenomenal growth rate considering the company reported $891 million in full-year sales in 2023."
"Plug Power is in the midst of expanding its green hydrogen network. Among other things, this involves improving the efficiency of its supply chain, increasing prices across its product and service portfolio, and meaningfully improving its margins."
Hoghead7
3 days ago
They've started to be more transparent and detailed in conference calls and answering questions. They laid out there service schedule so people know exactly what to expect as far as service and license agreement. If we pay close attention We will be able to figure out how that takes away from the generation revenue and how that increases quarterly revenue based on the replacement modules along with approximately how much per megawatt of replacement. Generation Revenue will obviously dip slightly when there are replacements being done due to downtime for the swap. We still should average 15 million per quarter in my opinion. They also recently announced adjusting their cap-X downwards based on market demand and trying to closely monitor spending. That was a proactive move. I thought there's not a whole lot they can do to improve the share price but now that I'm talking about it there is something they could do. They could have an analyst meeting. If they invited all analysts to sit down and clearly inform them of what they're doing to manage their cash along with different stages of sales IE recently closed contracts contracts in late stages of negotiation contracts in middle stage and contracts in early stage. I don't know if that violates SEC standards. Can't see how it would if it weren't during a quiet period and they did a filing on it. Then analysts who were really doing their diligence could be accurate and get on the same page. I still see 2025 as likely the most remarkable year for the company as far as the factual financial turnaround being defined. We had a revenue jump from approximately 70 million per year about 3 years in a row, up to 130 million give or take a little 2 years in a row. Next jump in 25 is going to be somewhere between 200 and 300 million. I know that's a broad range, But obviously there are several factors to consider. 200 million is a very very conservative low end estimate. That would be low end on every category of revenue. 300 million would be high-end on everything and the timing would have to be right on accounts receivable. If one were to guess about 250 million I'm hoping and thinking they would be close but a little light. They put out a schedule for modular exchanges in South Korea, If I recall correctly start in Q4 of this year. I really have to look back at it though. That combined with the service and license schedule along with assuming 15 million per quarter of generation gives you the vast majority of expected revenue pretty clearly. The only variables would be accounts receivable, timing, any new sales and advanced technologies. Advanced technologies is going to be a minimum of 4 million per quarter, beast on historical results for the last 3 years. The Exxon Mobil agreement is Advanced Technologies. As the extended and expanded JDA states, minimum is the key word. $10M per year. This is all going to start to come pretty clear by Q1 results in March, I like to listen to the call then read the transcript afterwards to make sure I'm clear on everything. 23 results should be interesting to say the least. Hopefully analysts have some good questions and better yet the company has some good answers.
WeTheMarket
4 days ago
Update on Mission Hydrogen webinar scheduled for tomorrow morning at 10 am ET. The original seminar was supposed to be on Solid Oxide Electrolyzers, it will instead be on Solid Oxide Fuel Cells.
Title: “Solid Oxide Fuel Cells – State of the Art and Outlook”
Speaker: Rob Braun
Date: Wednesday, July 24
Time: 07:00 am Pacific | 10:00 am Eastern | 16:00 CEST | 07:30 pm IST | 10:00 pm AWST
Price: Free
Registration: www.mission-hydrogen.com
Following is the explanation for the change as well as the previous post.
Explanation for change:
Professor Rob Braun from the Colorado School of Mines will be our webinar speaker tomorrow. He is a world-leading expert for Solid Oxide Fuel Cells and Solid Oxide Electrolyzers.
We’ll do two webinars with him:
One on “Solid Oxide Electrolyzers – State of the Art and Outlook”
and one on “Solid Oxide Fuel Cells – State of the Art and Outlook”.
Due to a misunderstanding, Rob has prepared the second webinar for tomorrow, and unfortunately he does not have time to prepare the electrolyzer webinar today.
Let me promise you one thing: The webinar will be fantastic. I have seen the slides, and you’re going to get the most recent knowledge on SOFCs – including several aspects that are valid for SOECs as well.
And obviously you can ask your SOEC questions together with the SOFC questions in the Q&A. I’ll make sure you get the answers you need.
Previous post:
Mission Hydrogen webinar "Solid Oxide Electrolysis – State of the Art and Outlook."
Speaker: Rob Braun
Date: Wednesday, July 24
Time: 07:00 am Pacific | 10:00 am Eastern | 16:00 CEST | 07:30 pm IST | 10:00 pm AWST
Price: Free
Registration: www.mission-hydrogen.com
Background
The most efficient electrolyzer type is called SOEC – Solid Oxide Electrolysis Cell. It’s efficiency is far above PEM or other electrolyzers, which makes it very attractive.
However, the maturity level is rather “R&D” or “Demonstration” instead of “Large scale commercial”. While the largest PEM or alkaline electrolyzers in the field are in the 100+ MW class, SOEC systems are rather in the 100+ kW or single digit MW class.
And while the main advantage is the high efficiency, it comes at a cost: the operating temperature of SOECs is high (typically between 600-900°C). This means that special materials are needed and that ramping them up and down several times a day is not the preferred operation mode.
A leading scientist for SOECs is Rob Braun, Distinguished Professor at Colorado School of Mines and Director, Mines/NREL Advanced Energy Systems Graduate Program.
In our next webinar on Wednesday, July 24, Rob will give us an overview of the state of the art of Solid Oxide Electrolysis and an outlook of what is realistic in both research and industry in the coming years.
WeTheMarket
4 days ago
The Hydrogen Podcast Interview: Insights from OPW Clean Energy Solutions' Felipe Sperduti Machado
The Hydrogen Podcast
1.25K subscribers
Posted Jul 22, 2024
Join us on this episode of the Hydrogen Podcast as we delve into the future of hydrogen with Felipe Sperduti Machado, Senior Director of Hydrogen and Cryogenics at OPW Clean Energy Solutions. Felipe shares his extensive knowledge and experience in the hydrogen industry, discussing key accomplishments, challenges, and innovative solutions in hydrogen refueling and distribution.
Learn how OPW CES is paving the way for a cleaner energy future, and discover the exciting advancements in liquid hydrogen technology and infrastructure. Don't miss this insightful conversation that highlights the potential of hydrogen as a mainstream energy source and OPW CES's role in driving this transformation.
Key Moments:
0:00 - Introduction by Paul Rodden
1:08 - Felipe Sperduti Machado joins the podcast
1:20 - Felipe discusses his journey in the hydrogen industry
2:11 - Key accomplishments at OPW Clean Energy Solutions
2:58 - Overview of OPW CES and its mission
3:33 - Introduction to Acme Cryogenics and Rigo
4:37 - Challenges in liquid hydrogen distribution
6:03 - Addressing safety concerns in liquid hydrogen
7:20 - Importance of standardization in hydrogen refueling
9:13 - Technological advancements in hydrogen distribution
10:09 - Innovative solutions for liquid hydrogen refueling
11:50 - Enhancing capabilities with Acme Cryogenics and Rigo
12:43 - Ensuring reliability and efficiency in hydrogen infrastructure
14:00 - Success stories and significant impacts of OPW CES solutions
15:00 - Future trends and opportunities in heavy-duty transportation
15:54 - Preparing for the demands of a growing hydrogen economy
16:39 - Exciting collaborations and partnerships
17:27 - Key factors for hydrogen's success as a mainstream energy source
18:05 - Predictions for the hydrogen industry over the next decade
19:00 - Closing thoughts and where to find more information about OPW CES
WeTheMarket
4 days ago
Mission Hydrogen webinar "Solid Oxide Electrolysis – State of the Art and Outlook."
Speaker: Rob Braun
Date: Wednesday, July 24
Time: 07:00 am Pacific | 10:00 am Eastern | 16:00 CEST | 07:30 pm IST | 10:00 pm AWST
Price: Free
Registration: www.mission-hydrogen.com
Background
The most efficient electrolyzer type is called SOEC – Solid Oxide Electrolysis Cell. It’s efficiency is far above PEM or other electrolyzers, which makes it very attractive.
However, the maturity level is rather “R&D” or “Demonstration” instead of “Large scale commercial”. While the largest PEM or alkaline electrolyzers in the field are in the 100+ MW class, SOEC systems are rather in the 100+ kW or single digit MW class.
And while the main advantage is the high efficiency, it comes at a cost: the operating temperature of SOECs is high (typically between 600-900°C). This means that special materials are needed and that ramping them up and down several times a day is not the preferred operation mode.
A leading scientist for SOECs is Rob Braun, Distinguished Professor at Colorado School of Mines and Director, Mines/NREL Advanced Energy Systems Graduate Program.
In our next webinar on Wednesday, July 24, Rob will give us an overview of the state of the art of Solid Oxide Electrolysis and an outlook of what is realistic in both research and industry in the coming years.