Hydrogen is hardly a new power source, it's flammability has given buoyancy to numerous investments in the past. Sadly however, quite a few of them subsequently went down in flames.
But we’re hoping for great things from ITM Power…
Research: ITM.L
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The old cliché has it that as far as the stockmarket is concerned one should go away in May and come back again on St Leger Day. What? And miss out on all the fun? Reeling retailers. Broken banks. Crunching credit. There’s so much more than mere capital accumulation, yield and dividend. Not only are there bargains out there but also more than the odd laugh. Click on the portfolio to see how our writers have got on against the market.
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July 9th, 2008 at 12:12 pm
Figure of “$70,000 per box” for ITM
electrolyser is incorrect. Actual price
will be c £2,000.
See…
http://www.dailymail.co.uk/sciencetech/article-1033683/Fill-car–home-hydrogen-fuel-station.html
July 9th, 2008 at 7:54 pm
Dunno about you but I’m not sure I’d be using the Daily Mail as a solid source…
July 10th, 2008 at 9:26 am
The $70,000 figure comes from a report from Panmure Gordon from June. “Today, a 10kW PEM electrolyser can be purchased for about US$70,000. ITM believes it could make a profit by selling its current system at this price…” The Mail piece says the company ‘hopes’ to sell them for £2,000, but this could be some time down the line.