HYON AS - Wasserstoff im maritimen Bereich

I dont think so,
not that I have heard of at least
But i think the presentation tomorrow is a general one, and simply explain what they do, have done and what they will aim for
Having in mind the last 2 weeks, HYON would be smart if they have something new to sugar the presentation tomorrow with.

But lets see tomorrow!




 

Norwegian Hydrogen has acquired Finnish-based hydrogen refuelling company HydRe Oy for an undisclosed price.

The two companies both target the heavy-duty vehicle sector, with HydRe having facilities in the Baltics while Norwegian Hydrogen currently has projects in Sweden, Denmark and Norway.

LINK:

https://www.h2-view.com/story/...ydrogen-refuelling-company-hydre-oy/

 

now just waiting for first signed order
or any other activities eg from Mitsui ;-)

company update 3.02.23:
https://static1.squarespace.com/static/...1/Company+update+030223.pdf  

Super,

going through the slides now

ps! do you also have the video presentation ?

F  

I am glad to see that HYON  HYON have 25,2million NOK (2 million Euro) as per 31.12.2022
Meaning they burn say 8 million NOK  (800K EUR per 6 months)

I.e they have enough until Summer 2024! And some people in here were sure they needed funding within 1-2 months ??

Well, I am glad to see that they are well-financed

 

What I liked the most was That there is No competion as per now.
In Other words they have monopoly.
This is Lindtvedts own words(CEO of HYON)  

The way i see it and to summarize it all in one line

+++
According to the CEO, HYON got monopoly + cash until July 2024 + have numerous applications for public funding pending reply + burn 800K Euro per 6 months
+++

time being HYON is trading only 20 % above cash position, meaning they are trading on 120 % on cash alone. PS! have in mind HYON is not a company that have anything tied up in inventory etc etc.  So the financial situation is good

 

Cash on hand as 31.12.2022 NOK 25.2M

MC @ 02.02.2023 NOK 83.34M

Find the mistake.  

hey,
the mistake is easy to find, you just wrote it:

MC is NOT 83,34M as you write, the MC is:

number of stocks X market price = MC

55.567.521 X 0,6375 NOK = 35,424 M

i have one mistake myself though, the stock is trading at 140 % of CASH, not 120 %

35,424/25,2 = 1,14057 to be precisely

but to answer your question, your mistake in your calculation is your MC

 

Investing showed me a MC of NOK 83.34M, so it looks so they are wrong.

https://www.investing.com/equities/hyon-as  

Ahh then it make sense

no worries, I have done same myself plenty of times:-)

sites like that is pretty good on overview, but for some reason the MC part is seldom updated

I see the same on many other pages to be honest

But we both made mistake, not only you

the share is trading at 140 % of cash, AKA 1,4 X cash

F  

during last 2 weeks Clearstream has gone from about 2% ownership to 5,3 % and now 4th biggest holder of HYON stock

note: Clearstream currently holds 56 % in NEL i think

Clearstream is entire Europe is it not ?

F  

I am not sure this article has been posted, but EU agreed to fund this project a few days ago.
Meaning EU continue to support a dinvest in the Martime Hydrogen sector

https://www.oedigital.com/news/...-ship-ah2oy-project-gets-eu-funding

Projectperiod: January 2023 - December 2027

F.
 

Do you know who the 17 partners are?  

Hey,

in brief i foound this: It is not huge, but it is yet another step

Key facts: Ship-aH2oy
Project period: January 2023 to December 2027
Funding: €15 million
Partners: VTT, Edda Wind, Østensjø Rederi, Johannes Østensjø DY, Hydrogenious LOHC Maritime, Hydrogenious LOHC Technologies, Friedrich-Alexander-Universität Erlangen-Nürnberg, Siemens Energy, DNV Hellas, Engitec, Demokritos, Gondan, Deltamarin, Teknotherm, ANEK, National Technical University of Athens
Highlights:
1. Introduces a safe and efficient way to use hydrogen as fuel for ships in the form of liquid organic hydrogen carrier (LOHC) to achieve zero carbon emissions.
2. Achieves high system efficiency through the combined use of LOHC, high-temperature solid oxide fuel cells (SOFC) and efficient heat integration.
3. Aims to demonstrate the technology on board an existing and available ship, a service operation vessel (C/SOV) for zero-emission offshore wind operations.
4. Includes a replication study for the developed SOFC/LOHC system allowing easy replication in other and larger ships, including ROPAX-vessels.

F  

Ok and as Lindtvedt Said on friday, there is No competion so it should in theory fall Hyons way, or not?  

Naaah,
not really. This funding is related to Liquid Hydrogen, whilst HYON is working on compressed Hydrogen.

But,  Time being I would say that all money that EU is  sourcing to Maritime Hydrogen fueling is for the great cause.
And among the 17 receivers there will also be some compressed hydrogen players,

All in all , good market news!

could EU also have a similar program for compressed hydrogen ?
Anyone knows ?

F.  

After BP's record result yesterday they are announcing to invest further into Hydrogen

Leaning further into bp’s strategy:
Investing more in the energy transition and bp’s transition, investing more in supporting energy security and energy affordability today
Up to $8 billion more into transition growth engines by 2030 – growing in higher-return bioenergy, and convenience & EV charging; focusing hydrogen and renewables & power where bp can leverage integration

https://www.bp.com/en/global/corporate/...-on-strategic-progress.html

Anyone know further how BP (or any of the other Oil companies) is approached Hydrogen, especially compresses Hydrogen  ?=

@globinho86 - @DrWiesener - TailorCobain - @Franzelsep - @SMISEN - sonnenschein2010

F.

 

should we know ?

A clear lack of Hyon is not be open for both solutions.

Rest time will tell.  

Interesting read, as we all can see things are happening in the transport sector another grant funding from EU = 80mill euro. This is happening on German soil.

https://hexagonpurus.com/news/...-stationary-storage-to-deutsche-bahn

https://www.now-gmbh.de/en/news/pressreleases/...he-transport-sector/

 

Thanks for the links @smisen

a lot is happening funding wise from EU's side these days, may it only continue!

I have been trying to find out if there is any  Grants from EU that are linked to Maritime compressed Hydrogen only, but so far not found anything in the funding-jungle ?

do you have any clue if there is any funding scemes out there that could be of interest for Compressed Hydrogen (HYON) ?

F.
 

I was a bit fast there and did not read your Hexagon article before now
Now that they got they huge deal with Deutche Bahn of 2,3billion Euros

why on heavens earth did the stock price not move ?

I mean its of-topic on HYON, but the Hexagon Group (Flakk and Mitsui major owners in Norwegian Hydrogen) is the biggest owners in HYON afterall

any clue why the price on Hexagon Purus did not move at all today ?  

Good News

https://shipmanagementinternational.com/...-value-chain-for-maritime/  

old and cold coffee!  

indeed cold coffee, if this makes Hyon beautiful again ;-)