Fair enough if you think that way but I think the market will quickly change its view if the company secures a partner of some sort.
Some staggering amounts are being invested into hydrogen, including here in Australia.
"Oil supermajor BP is set to acquire financier Macquarie’s 15.25% stake in the massive Australian Renewable Energy Hub (AREH), one of the world’s largest green hydrogen projects, according to The Sydney Morning Herald newspaper.
The ambitious project, being led by BP, would see 26GW of wind turbines and solar panels in northern Western Australia powering an estimated 14GW of electrolysers, producing 1.6 million tonnes of renewable H2 or nine million tonnes of green ammonia annually. The majority of the output would be exported to countries such as South Korea and Japan.
BP currently has a 48.32% equity stake in the $36bn, 6,500sq km project, which would rise to 63.57% if it were to buy out Macquarie.The remaining shares in the AREH are owned by its original developers, independent producers InterContinental Energy (26.39%) and CWP Global (10.04%)."
https://www.hydrogeninsight.com/production/bp-poised-to-buy-macquaries-15-stake-in-landmark-36bn-green-hydrogen-project-in-australia-report/2-1-1604249
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Fair enough if you think that way but I think the market will...
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