Year of the Lion, page-43

If following the hydrogen stories tell you one thing.
PRL - suspended, lost major energy backer
ECT - Cannot land offtakes, Cannot licence IP, burning cash
RNE - Heading into death spiral financing, cannot land offtakes, burning cash
LIO - Cannot land offtakes, Big fish took first mover advantage, cannot find JV partner, burning cash

The reason I say "cannot" is because discussions for all of them have been mentioned to be "ongoing/advanced" etc for ages... LIO is meant to be commission and producing hydrogen in 7-8months. Which is will NOT happen as we aren't funded for it. If they were to land a JV partner it would have happened by now to meet those deadlines.

It seems like all these projects will end very badly, unfortunately, unless we see any of these companies make any deals worth taking note of.

BP already having a Hydrogen refueller at PoB operating a normal fuel station too is so much more easier on their cashflow compared to LIO. LIO is reliant on contracts because the open market will eat up their business model... Such a shame.