There is a good interview with Malcolm John's on the Sharesies YouTube channel. It was posted yesterday
https://youtu.be/p__FAN_dGX0?si=NgE0gsiAz8V9vClq
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There is a good interview with Malcolm John's on the Sharesies YouTube channel. It was posted yesterday
https://youtu.be/p__FAN_dGX0?si=NgE0gsiAz8V9vClq
From what I've read the country needs Huntley to provide power to keep the system working when there is no wind or sun etc. However at this time Huntley uses fossil fuels, which in the long term is a problem.
So why can't GNE change Huntley over to run on Hydrogen which is a clean energy? Then everyone would be happy.
Sčems to me they could make hydrogen in the middle of the night when there is excess electricity in the system.
Well the problem with hydrogen is you need a heap of energy for the electrolysis to get it from water, so unless they’re willing to do that during times of cheap power, store it and then burn it when it’s profitable GNE is gonna have to look elsewhere. They’ve been talking about using biofuels which is a start
That makes perfect sense from an integrated, strategic point of view, but the New Zealand electricity system does not have an integrated, strategic focus.
Is Huntly CCGT back on line early? Or doing some acceptance / other testing? Transpower is reporting 468MW gas generation atm.
Decent stats released this morning and confirming it is up and running again.
http://nzx-prod-s7fsd7f98s.s3-websit...094/411264.pdf
From a TA perspective, for the med-long term investors there MAY be some signs of green shoots (pun intended) starting to appear with the GNE share price.
A low was printed late Oct (nicely coinciding with bond markets printing an interim bottom), and there has been 10% move to the upside since.
BUT on a cautionary note, the move up has been rather laboured, and certainly not on an expanding volume basis.
GNE is now kissing a reasonably significant downward trend line (originating in Jan 2021), along with the 200 EMA. Will it clearly breakthrough, & hold above this zone?