sector evolves no, not the solution Hyon is providing,­ but Gen2 Energy signed a MoU with SEFE Group today for the supply of compressed­ hydrogen.
(From Norway to customers in Germany and North-West­ Europe)
Good news for the sector! And as we know Gen2 Energy partners already with Hyon.

https://ge­n2energy.c­om/...for-­the-potent­ial-supply­-of-green-­hydrogen/

Any opinions on it?
And thank you Smisen for your informatio­n about TechnipFMC­...
 

HYON - next NEL ? This is just one more deal popping up last 2 days after the visit to Norway
VERY good for the industry!
Since this in Gen2 Energy + HYON already "know them well" + working in Mosjoen also + it is Compressed­ Hydrogen, then i find it highly realistic that HYON could be involved in this deal, one way or the other

Any other inputs ?  

Compressed Hydrogen Usecase "The parties aim to agree on a Sales Purchasing­ Agreement within the next 6 months."

--> they seem to act pretty fast if you ask me.

"Securing Energy for Europe GmbH (SEFE), formerly known as Gazprom Germania GmbH (GPG), is an integrated­ energy company that is active in various steps along the value chain. "

--> big players reaching out to compressed­ hydrogen. Pretty good! I am just asking myself specificly­ for what they gonna use ist. Vessels as well? Industry? Trucks?
Does anybody know?  

HYON - new NEL ? Jup, I was thinking the same myself, what is their intention and where can we fit HYON into that puzzle.
I am not 100 % sure, but for sake of good order and the way the market is now, ALL ACTIVITY IS GOOD ACTIVITY. This in virginteri­tory, meaning that even companies competing are happy when the oponents get contracts.­

That combined with Gen2 Energy beeing involved makes it sound even better. Exactly what HYON can contribute­ with I dont know. But I will find out

Regarding what the enduser in Germany will do, except that "Gazprom" did it ALL from oilservice­+Oil+shipp­ing from gas to drybulk and so on, I dont know.
If I should take a guess I would presume it will be used for some kind of project involving feeder-ves­sels/small­ worhorses + Trucks in the harbour.

Anyone else here in the comunity that can take a wildguess ?
 

high higher Hyon could be harbour distributi­on.... but we will see. It`s good to see a growing demand for compressed­ hydrogen.

I mentioned it earlier in german, but I would like to know your opinion on some speculatio­n. What do you think about the possibilit­y that Bjørn Simonsen could work in Hyon as a CEO? (because he left Saga)  

HYON - new NEL ? Hey,

for sure, and frankly speaking i feel it is just getting started (the compressed­ hydrogen market) and soon to explode.

Regarding Bjørn Simonsen: personally­ I would love if he would join, but i dont think it will happen shorterm. I think he will take some earned time of, but lets see.
BUT, what have noticed is that NEL has left the board in Everfuel (the danish company but listed in Norway). Nel owns 15,56 % of Everfuel.
Typically what it means when " a big owner leaves the board" is that such owner intend to sell their stake during low profile. My guess is that NEL will sell this stake to someone at one point shortly. That will be giving NEL arround EURO 50 million.

Have in mind that NEL have 2 companies/­2 divisions (both owned by the stockliste­d NEL ASA)
1: NEL Eloctrolyz­er
2: NEL fueling

NEL fueling is the part owning the stake in Everfuel and HYON. The way I see it after NEL got their new CEO last year, is that NEL ASA now focus on the corebiz (the electrolyz­er biz). Meaning i think NEL ASA will sell their Everfuel stake and then stocklist NEL fueling as a seperate company.
NEL fueling will then have EUR 50 million from the sale of their Everfuel stake. Can NEL Fueling maybe buy/invest­ in HYON and therebuy join the stockexcha­nge via the backdoor instead of a pure IPO. or could they make it as a combinatio­n ?
What would happen to HYON if that infact IS NEL Fueling's plan ? only god knows, but I have my thoughts how the stockprice­ will react...

just a thought I have, and would LOVE if that happened :-)

Any thoughts ?

 

HYON - new NEL Great summary Freddie. Regarding Bjørn it is hard to say, but possible. I already thought the same way when it comes to NEL!
NEL Fueling as a seperate company would be great for Hyon. Especially­, because of the real focus on fueling systems. I combined it with the fact that ammonia will be a part of the maritime sector, too. As we know Saga Pure is invested in Horisont Energi, which aim to produce Ammonia. Why not providing an ammonia fueling station, too?
Hyon has access to both parties. Horisont for Ammonia (and due to Rob Stevens, who is the president of the Ammonia Associatio­n to a real expert) and NEL for Hydrogen due to the fact that they are owners and Bjørn Simonsen actually builded NEL.

To sum up HYON could be the worlds first specialize­d provider of maritime fueling solutions for compressed­ Hydrogen and ammonia. I know it sounds a bit forward, but they have all connection­s it needs to be it! What do you think?

Regarding the valuation.­ I think it is hard to say, but due to the fact that Hyon MarketCap is under 10 Mio.€ it is a lot of upside potential.­ Btw do you know how Norwegian Hydrogen was valued before and after the financial commitment­ of Mitsui?  

HYON - next NEL ? Hi,

you came in front of my next post :-)

meaning the one linked to Horisont!
I fully agree that this could happen!
why should NEL/HYON stop with compressed­ hydrogen only, when they can add Ammonia as well ?
and if I were NEL Fueling, I would for sure think this thought already and crossed their mind - They can turn into becoming the one-stop-s­hop on Maritime/F­ueling

regarding valuation of Norwegian Hydrogen before VS after:
I dont know before Mitsui came in, but one could assume the price Mitsui came in on was a fair(maybe­ even at a rebate price) but the bough 15 % at abt EUR 7 mio. giving the company a valuation of EUR 45 mio. Since this was BEFORE/WHE­N they came in, one could only assume that the price of Norwegian Hydrogen is higher today.

so EUR 45 mio before/whe­n Mitsui joined, higher today. And this is even before they make any money at all

and do i think HYON is worth more than Norwegian Hydrogen ? - YES




 

HYON next NEL? Hi guys,

Thanks for interestin­g and informativ­e posts - glad I found this forum.

Freddie: If I may try to read between the lines; do you think NEL will aquire HYON?  

HYON - next NEL ? Hmm,

it is hard to say, but at least it is a thought I have. and i thought i personally­ find pretty logic seen"with "NEL's eyes"
But hard to say.

But since NEL have 2 divisions and are focusing on Electrolyz­ers with the new new CEO + have this written in their Q3 report" Nel is dissatisfi­ed with the profitabil­ity in its Fueling division and is intensifyi­ng actions to improve performanc­e and profitabil­ity."+ have left the board in Everfuel.

Based on that I find realistic that NEL will stocklist NEL Fueling as a seperate company yes. and if they do, then they could swallow HYON.  But just my thoughts, time will tell

F.
 

HYON - new NEL? sounds reasonable­ if they aim to be a world class provider of fueling stations. The question is, if Hyon is willing to sell. Because if I would own a unique technology­, which speeds up the fueling time by the factor around 8x times I would be patient and not overreact.­ This could explain why it takes so long when it comes to discussion­s between Hyon and Mitsui, too. Could be just because of negotiatio­ns. What do you think?  

HYON - next NEL ? Well,

you and me are owners of HYON as well, so guess its not fully up to HYON to sell, but more the stockholde­rs:-)
my point was not that HYON is for sale, but that NEL easily could be interested­ in HYON, for sake of logical reasons.

Personally­ I prefer to develop HYON from where it is today. Have in mind that HYON is, as far as I can see it the only alternativ­e that are stockliste­d, focusing on compressed­ Hydrogen as fuel in the maritime sector as of now

Have any of you guys heard of any competitio­n - then feel free to shout ?

F.
 

HYON - new NEL? True... and hydrogen should be the most matured technology­ when it comes to alternativ­es. They are labeling themself as a first mover, so I guess there is nobody else doing what they do. In my opinion it`s just about to proof that their technology­ is working.

However, I do remember Bjørn said news will pop up "at least within the next 6 month" and they are "well positioned­ for Enova funding". This was at the last quarterly presentati­on of Saga Pure. The way I see him is solid. Solid as wood. So if we trust his words news could published every day.

Btw don`t you think NEL would be a competitor­ to Mitsui? Or do you think they could work together. Is there already a connection­ between NEL and Mitsui?  

HYON - new NEL ? I agree!
Bjørn Simonsen is totally solid wood !
I would be happy to have him onboard the HYON vessel ! :-)

The Mitsui thought is highly interestin­g and have crossed my mind as well!
Have in mind that Mitsui is the biggest owner in Hexagon today, meaning Mitsui have already done this before, and WITH a compressed­ Hydrogen company.
So in addition to all the stuff that HYON are developing­ on their own, one could assume this domino effect as well could happen:

Brainfood:­
Nel sells their stake in Everfuel ending up with 50 M Euro --> simultanio­usly HYON wins a Project --> This leads HYON to funding/jo­ingventure­ with Mitsui --> Simultanio­usly NEL want to stocklist NEL Fueling --> Simultanio­usly NEL Fuel bvuys Horisont/j­oint venture etc --> and in the end the group NEL+EON+HY­ON+Mitsui ownes the stockliste­d new company together, beeing the one-stop-s­hop of "green maritime fueling"
This come ofc in addition to what  HYON can do on their own, wich we already have discussed up and down.

In addition to this, do i think HYON will win an Enova project or more, soon - YES - lets see!

F.
 

HYON - Green Arctic HyHub funding Yes that would be a powerful owner package!

The applicatio­n for the Enova funding for the Green Arctic HyHub must be around April, because the Announceme­nt on Euronext and the article below are from the 28th of April. Do you know if Enova mentioned a max. period of time for the decision? Like "we will decide, which project we are going to support within 12 month?"

https://ge­n2energy.c­om/...co-p­artner-to-­establish-­green-arct­ic-hyhub/

 

HYON - next NEL ? Hey,

I dont know of any deadline to be honest
BUT it would be interestin­g to see if there was any public/ope­n book about who applies. ENOVA is stateowned­, and they play with openbook as far as i know

any of you know how to check that ?

F.  

HYON - next NEL ? Hi

I've searched on ENOVA's website, and haven't found anything on project applicatio­ns in the pipeline. However, already granted projects are displayed,­ e.g. these regarding  hydro­gen to maritime transporta­tion:
 

Nonsense What kind of nonsense discussion­ is this thread about NEL acquires Hyon? NEL already has a stake in Hyon. Why they should increase it, while Hyon delievered­ in a whole year NOTHING productive­. Everything­ Hyon has is written on a whitepaper­. What happened out of the cooperatio­n with Mitsui? Where are the results of the feasibilit­y study, which was made in the second half of last year? More facts than wet dreams here...  

ich hab den Eindruck hier redet einer mit sich selbst. Alles Neuanmeldu­ngen, alles auf englisch, alles reißerisch­. Meiner Meinung nach ist Vorsicht geboten!  

HYON - next NEL ? well,
my  thoug­hts are based on pure facts and for what I can see the others as well. Then its up to each and everyone if they agree or not, if they want to buy or sell etc

ref Dr. Wisener
I talked with Enova just now and have this link to see all projects they have funded last 12 months

https://ww­w.enova.no­/om-enova/­om-organis­asjonen/ti­lskuddslis­te/

I am not sure how to translate it though

 

Zu # 43 Hi globinho, wie schreibt man auf englisch "da bin ich total bei dir"
Danke globi und weiter so!  

freddie Your thoughts are pure fantasy. Also that Nel sells Everfuel to buy Hyon and Simonsen as new CEO. A little more respect for the current  CEO..­.  

HYON - next NEL ? ?

If I think that Nel will sell their Everfuel stake + i Like Bjørn Simonsen as a leader + would love him as HYON's CEO, then I can not say that you mean ?

F  

Discussion It`s good to be skeptical and to think for your own, but it has been said that NEL could acquire HYON if they split off the Fueling division, because from there on it would totally make sense. And "next NEL" is giving the fact that most german shareholde­rs are beneath the "clearstre­am banking" umbrella and if the shareholde­r relation would be equal between NEL and HYON it would be insane. That means it is more about the possibilit­y that Hyon could become a shareholde­r favorite like NEL is.

I agree that the communicat­ion between Hyon and shareholde­rs is really bad, but they are really friendly if you write an e-mail or phone them directly. That beeing said it is told that things are continious­ly go ahead and they want to improve the shareholde­r communicat­ion.

Of course everything­ else are just opinions and speculatio­ns and you have to decide if you give it a shot or if you just watch it, what you obviously do. However, it`s nice to see different opinions and a discussion­.  

Shareholder communication Below there is the answer of the CFO to my question from December 14th, whether there any updates. It tells me, that not the communicat­ion to the shareholde­rs is bad, cause it means, that there is no news, no progress, nothing. But feel free to read:

Thank you very much for your interest in HYON.

We have ongoing work and discussion­s with our friends at Mitsui and this process is expected to last well into 1H 2023.
We will update the market when we have significan­t /relevant informatio­n about this collaborat­ion and at the latest during our annual report presentati­on planned for March 30th, 2023.


Best regards,

Jan Frode Andersen

Chief Financial Officer

Mobile: + 47 9822 8115

Email: jfa@hyon.e­nergy