I think the hzr proposition is complicated while the hydrogen market is also confused.
Take for example the use of methane feedstock. We argued on here for ages about whether it is "biomethane" or lng. In reality it can be both and this should be celebrated as it is more versatile. Instead it created confusion.
We have been told over and over that the tech aims to displace smr in existing applications, but we regularly fall back to hydrogen vehicles as a market, which may or may not become a market. Who cares, our market exists.
Fee structure was described as consisting a technology licence + royalties, so a payment upfront then ongoing. We have incoming enquiries. We need few successes to be profitable from a lot of opportunity.
We focus on cancellation clauses in contracts. Big money is being spent by real big companies with MOUs. Real money by experts but no recognition.
We know mitsui is investigating what to do with the graphite which is said to be used in industrial applications but we all focus on batteries. We have been told that they produce too much graphite for this market.
I don't know what the market wants here clearly, but there is a market for disruption (not creation) and revenue will start to come. We are so close.
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