The Story Of ITM Power
The title of this post, is the same as that of this article on H2 View.
The article confirms, that they have the funds to build a second Gigafactory for electrolysers and it would take eighteen months to build.
My view is that after the Anglo-Australian trade deal, that it could be built in Australia, as that country will need a lot of electrolysers to fulfil their hydrogen ambitions.
For a country like Australia, it makes strategic and economic sense to develop equivalent technology internally or to licence which technology, developed elsewhere, for local manufacture.
Knowing the disdain in which both Australia and New Zealand hold the UK, it would be short-sighted to imagine that trade treaties are going to make a significant positive difference to the UK’s balance of trade.
Although, knowing how the UK shopper is driven by price rather than quality, mundane Australian beef may be popular in British households. Discerning Australians know better and buy their beef from NZ.
Furthermore, many years ago, residents of the Outback learned that Land Rovers are not only unreliable, but endanger life. Experienced Outback residents drive Toyotas.
Land Rover have not changed their ways, when the Freelander was launched, it had over 400 faults, any one of which would have delayed its launch had BMW, who bought the company, known.
Comment by John Robin St.Clair | June 18, 2021 |
Australia’s big hydrogen ambitions to produce it using solar and wind power an export it by tanker to Japan, Korea and the rest of South East Asia will need gigawatts of electrolyser capacity.
I believe if ITM Power have a gigafactory-to-go and can deliver in eighteen months, then Australia is a possibility to site the factory.
Australia is also an easy country to do business with.
Although it wan’t always so. In the 1980s, it was very difficult to get money out of Australia!
Comment by AnonW | June 18, 2021 |
. . . . or licence whichever alternative technology, developed elsewhere, proves the most efficacious for local manufacture.
Comment by John Robin St.Clair | June 18, 2021 |