FMG 1.67% $19.49 fortescue ltd

Renewable Hydrogen, page-168

  1. 3,499 Posts.
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    You really need to open your mind up!!!!

    1. No one is saying hydrogen should be made using coal or oil... thats just stupid to do that. (yes its currently done, but we want to move away from that)
    2. Hydrogen will be made 100% once there is ample supply of green power. Thats why Twiggy is travelling to 47 countries to identify places where the cheapest green electricity can be made.
    3. No one is saying Telsa battery cars are bad, or that Hydrogen cars are better than battery cars, no one cares.
    4. Tesla car batteries create about 17.5 tonnes of C02 during production, that is not good. Fuel cell cars will not have anywhere near that! ever!
    5. Efficiency calculation:
    • Fuel Cell : 0.75kg/100km
    • Average distance travelled before written off/scrapped: 150,000km / ten years
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    • 1125 Kg of H2 over car lifespan to travel 150,000 km
    • $2250 @$2/kg or (goal)
    • $4,500 @ $4/kg or
    • $7,875 @ $7/kg
    • $14,748.75 @ 13.11/kg (current)
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    • Model 3 electricity costs to travel 150,000 km$
    • $3000 for 2Kw home solar system. (best case)
    • Standard grid home charging: $7,335
    • Supercharging: $14,670
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    • A Tesla model 3 battery cost US$13,500 retail !!!! so probably more like half that during car manufacturing. Replacements will cost about US$24,000, (which will be more than the car is worth after hundreds of thousands of kms.)
    • A FC+H2 Tank+Small battery will cost less, so the original price of the car will be a little less.
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    • The Toyota Mirai costs $35.5k (once $15K free hydrogen is excluded)
    • The Tesla Model 3 costs $38k
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    As you can see the cost to run a H2 car should be very similar and much greener in the long run, even if it is more inefficient.

    (am I an idiot for arguing on the internet, yes!!! but I do these numbers for myself!!! this proves that hydrogen has a future, and FMGs investment in hydrogen is not stupid, and therefore my investment in FMG is not stupid... might even drop another 100g if I feel silly biggrin.png)
    Last edited by jb206: 19/02/21
 
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