Many thanks for your reply!

PS: We miss your posts!

Yes, I submitted mine. The combination company is stronger together. If you don’t tender your shares, typically they get delisted and forcibly converted at the same price at a later date, but they can’t be traded in the meantime. That’s what typically happens, so I’m not 100% on that, but if they get over 50% of the shares submitted they can pretty much do what they want- they certainly won’t be offering you more money later.

Thanks in advance!

Makes me more bullish. Starting to feel like capitulation.

Hi Wesoton. Yes, Hydrogen is picking up largely due to some very generous subsidies in the Inflation Reduction Act passed last year. While hydrogen is very useful, it is not a good substitute for most BEVs or as a medium for the long distance transportation of energy as you suggest. The reason it’s not as good as a battery for EVs is efficiency- the losses from converting back and forth from electricity to hydrogen are about 50%, while lithium batteries only lose 10-15%. The same goes as a long distance transportation medium. I could see hydrogen plus a small fuel cell eventually replacing gas as the back-up fuel in a plug-in hybrid vehicles, but pure FCEVs don’t make economic sense. But there still are many good uses for hydrogen in the clean economy which will allow the industry to scale 100 or even 1000x… use in airplanes, shipping, and long distance trucking, replacing the fossil hydrogen we use today in oil refining, steel making, and the chemical industry.

Hydrogen for Transportation
While BEV’s will have their place and are a great option for replacing traditional ICE automobiles, IMO long charge times don’t make them practical for more industrial applications like long-haul trucking. This is where Hydrogen gets interesting. It appears to have the versatility of being utilized in 2 different ways: 1) as a fuel for hydrogen ICE vehicles, or 2) in FCEV’s which similar to BEV’s utilize an electric motor drivetrain but rely upon fuel cells instead of batteries. And the real advantage it seems is refueling times: my understanding is 5-10 mins to refuel a hydrogen powered vehicle vs. several hours for a BEV.
I’ve read that PLUG is supplying Amazon and Wal-Mart (some? all?) warehouses with hydrogen-powered forklifts. That’s really interesting. It begins to prove out what’s possible; the next step is to scale that success across bus fleets, long haul trucking fleets, and other transportation applications.
Hydrogen Production
Another advantage I see to hydrogen has to do with obstacles to building new wind and solar projects and the interconnection queue bottlenecks which new projects face. Maybe this is a way to break the bottleneck—build all of the backlogged new wind/solar capacity on the horizon without any intent to connect to the grid, but rather to be a captive energy source for small localized hydrogen production plants. From what I’ve read, hydrogen is easily and readily transportable as ammonia, which can be converted back to pure hydrogen at it’s destination.
What are your thoughts on any or all hydrogen subjects?