Good News for TNG?, page-40

Don't know how credible a source this is https://earth.org/green-hydrogen/ but it suggests to produce green hydrogen, we would need lots of electricity and a big electrolyzer. The second part solved with AGV with their HySustain technology. And the shortage of electrolyzers explains why Twiggy and others jumping into this and why now as per your last table. "A challenge lies in the relatively small supply of electrolyzers and compared to more established production processes, electrolysis is very expensive, so the market for electrolyzers is small."

And yes location has its merits as you have suggested; permitting we'll have to see - not disagreeing with your point but NT is so slow when the race for green hydrogen is building momentum and the red tape could take the wind our of our sails (pardon the pun) like it has before.

For the first requirement, where is our solar farm for this facility and what more cost/permitting needed for this? OR will Suncable supply green electricity when their Darwin facility comes online in 2025/6 as per your project timeline image from earlier post? Would VRFB's help lower cost to produce green hydrogen just because we can store electricity and not be slumped higher cost from current power network providers?

From https://www.pv-magazine-australia.com/2021/06/22/malaysian-green-hydrogen-project-opts-for-perth-based-flow-batteries/ :

"...will see its vanadium redox flow batteries integrated into the HySustain project to store solar energy for green hydrogen production."

"AGV’s intention behind HySustain is to use project-specific solar farms to provide 100% of the renewable resources needed for green hydrogen production. In turn, the VRFB will enable large, scalable and long-life energy storage."

The rest of the Earth.org article and some of the embedded links does give some insight as why FFI going big into green hydrogen "producing the vast quantities of green H2 that the world will need would require an absolutely massive amount of renewable energy." If that is the case, Twiggy and others steaming ahead to stay in front of the pack and at scale. Whilst this is a threat to traditional fossil fuel players, costs of producing green hydrogen will determine how competitive an alternative it is to fossil fuels. "the cost of green hydrogen at USD$3 to $7.50 per kg, compared to $0.90 to $3.20 for production using steam methane reformation."

"Annual growth rates for wind and solar are increasing, but nowhere near fast enough for the world to be in line with Paris Agreement goals. Terawatts of renewable energy will be needed to produce green hydrogen, but that seems secondary to the demand from the rapidly growing electricity sector, which needs to decarbonise while simultaneously powering ever larger shares of the heating and transport sectors"

"Heat, transport and industrial processes can largely be decarbonised through a combination of electric solutions — such as heat pumps, electric boilers and electric vehicles — and green hydrogen produced using electricity. But if the world is serious about doing this, countries need to massively ramp up their ambitions on wind, solar and other renewable (or nuclear) technologies — not to mention power-network upgrades and grid-balancing measures such as energy storage, vehicle-to-grid and demand response." <-- Maybe this is the connection that ties it altogether wrt VRFB and TNG's wider ambitions to step into green hydrogen market, just like Twiggy and other large players are doing at scale. Why TNG can't complete the picture for us with better comms on all this is beyond me.

Any hoo, I still want accountability from TNG to get Mt Peake + TPF running first or at least provide some certainty towards being on this path with some credible market updates in the short to medium term. Based on past track record, we'll likely get a CR announcement instead!