A 10 minute discussion with any engineer will tell you the whole scheme is nothing but a half-arsed scam.
The dodgy homemade website with absolutely zero details and the connection to the notorious Nikola fraudsters should be a red flag.
https://www.phoenixhydrogen.com/
- The site is in a desert with a negligible 200mm annual rainfall.
- You can't make hydrogen without water.
- They don't have trillions of litres of water needed to dissolve the salt.
- They have no way of disposing of the brine after dissolving the salt.
- Hydrogen can't be transported over normal gas pipelines.
- The maximum distance hydrogen can be piped is only 100Km.
Q4 FY23 Investor and Analyst Call Transcript, page-10
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