Highlights:

• Pure Hydrogen has a very different strategy to Fortescue, which is focused on small-scale production that can scale up, starting from a very simple operation to service some of its key customers.
• The rollout of micro-hubs, along with the clear potential of Turquoise Hydrogen technology, both offer a viable solution to produce low-cost hydrogen and meet the relevant energy requirements of the industry as it builds up.
• This is in contrast to the proposed rollout of major infrastructure projects with high capital costs to produce hydrogen for export, some of which have subsequently been wound back.
• As Pure Hydrogen increases demand by selling more vehicles, it can ramp up production by adding an extra line.
• By selling these vehicles, Pure Hydrogen knows in advance what the demand will be, which is critical to its business growth and minimises the risk of scaling up.
• Through this, Pure Hydrogen believes it is developing a hydrogen economy covering all aspects of the market from production to end-use.