FYI some follow-up from an expert in the hydrogen power sector (MIT) whom I know. He permitted me to share. Not a good short term investment if you are risk-averse but for long term buy and hold. Just sharing, not defending the technology.

Norm,

A lot of these concerns are outdated, and at least one, biofouling in seawater, is patently absurd. Desalination plants have been operating worldwide and on ocean going vessels since long before I was born. That isn't a "hurdle" that needs to be overcome. Also "collection, pressurization and transport of hydrogen" is about as difficult as doing the same for natural gas. So basically, a lot of straw man arguments that just don't hold water. The cold climate arguments are equally out of date. Fuel cell vehicles operate in the dead of winter in Scandanavia and northern Europe, as well as in Canada.

That said, hydrogen and fuel cells is a high risk high reward game right now. We don't know where they're going to make the most sense, and we don't yet know how the batteries vs fuel cells market division will occur. For long haul applications fuel cells look better today, even at today's prices. For distances under 150 miles batteries can't be beat.

Then there's the AC Transit experience. They found that batteries just didn't work for them on hilly routes, while fuel cells performed extremely well, and the money saved on maintenance *eventually* made up for the exorbitant cost of the vehicles.

So, from my "not quite an insider" perspective, it seems that somebody is going to make a lot of money, but I just don't know who.

Sure wish I'd invested in PLUG in January 2020, though.

Regards,

-jerry

FYI some follow-up from an expert in the hydrogen power sector (MIT) whom I know. He permitted me to share. Not a good short term investment if you are risk-averse but for long term buy and hold. Just sharing, not defending the technology.

From: J.A. Cole <jcole@hydrogen.la>
Sent: Monday, February 22, 2021 11:26 AM
To: nblizard@comcast.net
Subject: RE: Looking for Ideas

Norm,

A lot of these concerns are outdated, and at least one, biofouling in seawater, is patently absurd. Desalination plants have been operating worldwide and on ocean going vessels since long before I was born. That isn't a "hurdle" that needs to be overcome. Also "collection, pressurization and transport of hydrogen" is about as difficult as doing the same for natural gas. So basically, a lot of straw man arguments that just don't hold water. The cold climate arguments are equally out of date. Fuel cell vehicles operate in the dead of winter in Scandanavia and northern Europe, as well as in Canada.

That said, hydrogen and fuel cells is a high risk high reward game right now. We don't know where they're going to make the most sense, and we don't yet know how the batteries vs fuel cells market division will occur. For long haul applications fuel cells look better today, even at today's prices. For distances under 150 miles batteries can't be beat.

Then there's the AC Transit experience. They found that batteries just didn't work for them on hilly routes, while fuel cells performed extremely well, and the money saved on maintenance *eventually* made up for the exorbitant cost of the vehicles.

So, from my "not quite an insider" perspective, it seems that somebody is going to make a lot of money, but I just don't know who.

Sure wish I'd invested in PLUG in January 2020, though.

Regards,

-jerry

Jerald Cole 1219 N. Studebaker Road Long Beach, CA 90815 jcole@hydrogen.la www.hydrogen.la tel: fax: 562-618-8641 562-430-7994

Want to always have my latest info? Want a signature like this?

FYI some follow-up from an expert in the hydrogen power sector (MIT) whom I know. He permitted me to share. Not a good short term investment if you are risk-averse but for long term buy and hold. Just sharing, not defending the technology.

From: J.A. Cole <jcole@hydrogen.la>
Sent: Monday, February 22, 2021 11:26 AM
To: nblizard@comcast.net
Subject: RE: Looking for Ideas

Norm,

A lot of these concerns are outdated, and at least one, biofouling in seawater, is patently absurd. Desalination plants have been operating worldwide and on ocean going vessels since long before I was born. That isn't a "hurdle" that needs to be overcome. Also "collection, pressurization and transport of hydrogen" is about as difficult as doing the same for natural gas. So basically, a lot of straw man arguments that just don't hold water. The cold climate arguments are equally out of date. Fuel cell vehicles operate in the dead of winter in Scandanavia and northern Europe, as well as in Canada.

That said, hydrogen and fuel cells is a high risk high reward game right now. We don't know where they're going to make the most sense, and we don't yet know how the batteries vs fuel cells market division will occur. For long haul applications fuel cells look better today, even at today's prices. For distances under 150 miles batteries can't be beat.

Then there's the AC Transit experience. They found that batteries just didn't work for them on hilly routes, while fuel cells performed extremely well, and the money saved on maintenance *eventually* made up for the exorbitant cost of the vehicles.

So, from my "not quite an insider" perspective, it seems that somebody is going to make a lot of money, but I just don't know who.

Sure wish I'd invested in PLUG in January 2020, though.

Regards,

-jerry

Jerald Cole 1219 N. Studebaker Road Long Beach, CA 90815 jcole@hydrogen.la www.hydrogen.la tel: fax: 562-618-8641 562-430-7994

Want to always have my latest info? Want a signature like this?