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Jim Payne, CEO, dynaCERT Inc.

Jim Payne
CEO | dynaCERT Inc.
101-501 Alliance Avenue, M6N 2J1 Toronto, Ontario (CAN)

jpayne@dynacert.com

+1 416 766 9691

dynaCERT CEO Jim Payne on attractive hydrogen opportunities


Sebastian-Justus Schmidt, CEO and Founder, Enapter AG

Sebastian-Justus Schmidt
CEO and Founder | Enapter AG
Ziegelhäuser Landstraße 1, 69120 Heidelberg (D)

info@enapterag.de

Enapter AG CEO and founder Sebastian-Justus Schmidt on the future of hydrogen


John Jeffrey, CEO, Saturn Oil & Gas Inc.

John Jeffrey
CEO | Saturn Oil & Gas Inc.
Suite 1000 - 207 9 Ave SW, T2P 1K3 Calgary, AB (CAN)

jjeffrey@saturnoil.com

+1-587-392-7900

Saturn Oil & Gas CEO John Jeffrey on the future of the company and ESG


08. December 2020 | 10:26 CET

BMW, BYD, Daimler, Tesla, Volkswagen: Battery cars threaten a forced shutdown

  • Electromobility
Photo credits: pixabay.com

Electric mobility is one of the hottest topics of our time. Politicians have prioritized the change in road traffic in connection with climate change. Ever stricter emission limits are intended to encourage manufacturers and users to buy battery and hybrid cars. Because driving from A to B with modern combustion engines is also more environmentally friendly than 10 or 20 years ago, there was a lack of interest among users for a change. The federal government is now using taxpayers' money to promote the sale of this technology. This measure is controversial among experts because environmental protection is being neglected, and the national security of supply is now under threat, according to the energy supplier.

time to read: 3 minutes by Mario Hose


 

Author

Mario Hose

Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

About the author


Ecological ghost ride

When Elon Musk pointed out during his recent visit to Germany that electric mobility requires nuclear power in addition to solar and wind energy, he probably got the German eco-fraction among his supporters on the wrong foot. "Where there is no danger of natural disasters such as earthquakes, the risk of nuclear energy is minimal," the Tesla boss said. This announcement was certainly not well received by the Chancellor's Office. After going it alone in 2011, Angela Merkel has transferred high double-digit billion sums from the taxpayers to the energy suppliers so that they can take the nuclear power plants off the grid in the coming years.

Market economy out of force

The criticism from the industry is becoming increasingly harsh. A functioning economy finances the state. Under Chancellor Merkel, this order was reversed. The state intervenes more and more often with the taxpayers' money in the cycle and causes severe changes and dependencies. The effects of the energy turnaround have become a heavy burden for citizens and industries. Germany is now the front-runner in terms of electricity costs. The planned shutdown of nuclear and coal-fired power plants will further worsen the national situation because today, only about 45% of the energy mix consists of renewable energies. Experts warn that electric mobility in Germany will double power consumption. However, the exciting question is already unanswered: Who will close the supply gap after nuclear and coal-fired power is phased out?

Utilities demand forced shutdown

How serious the situation is now is described in the latest demand from the energy suppliers. Due to the expected bottlenecks in the storage and supply of electricity, German energy suppliers are demanding that the power supply to the charging stations be switched off. In concrete terms, they are demanding from the legislator that they be allowed to switch off the power supply for up to two hours a day - German citizens are threatened by conditions similar to those in South Africa.

Waste of tax money

Although it is already foreseeable that the power supply will not be sufficient to guarantee a nationwide infrastructure for charging batteries, the state pays a premium for the installation of charging points. Against the backdrop that one million charging points will likely be needed for electric mobility with battery-powered cars, this project appears to be a pure waste of taxes. By comparison, an infrastructure with hydrogen for vehicles with fuel cells would only require about 14,000 filling stations. It is hardly imaginable that this information is not available at the Chancellor's Office.

Environmental damage and obligations

The innovation that users do not accept without subsidies also has considerable consequences for the environment. The production of batteries is raw material and energy-intensive. Furthermore, most users are not yet aware of the complex and costly disposal of used batteries. Making spent batteries available for power supply in poorer countries sounds like an unscrupulous and hypocritical disposal strategy to us - out of sight, out of mind. The cabling of the charging stations will create additional demand on the copper market and pollute the environment in the mining areas. Holistic environmental protection goes beyond the national borders.

There is an alternative

For the manufacturers of battery-powered cars such as BMW, BYD, Daimler, Tesla and Volkswagen, the German government's grip on the tax coffers is a blessing. However, this action has little to do with environmental protection, and every user must be aware of this. It is merely a state-organized redistribution of tax money for a politically motivated incentive to buy a technology without added value. On the other hand, if you want to protect the environment, you should look into dynaCERT's hydrogen technology, which can be retrofitted to existing diesel engines. This innovation promises higher combustion efficiency, reduced consumption and significantly lower emissions of pollutants. A further significant advantage is that the existing vehicle is not to be replaced and can continue to be used.

Return to a free market economy

German Chancellor Angela Merkel has made momentous decisions during her term of office. Great challenges and difficult choices await her successor. Whether the next German Chancellor will succeed in regaining public acceptance for nuclear energy is currently hardly imaginable and will certainly depend on the frequency of power failures and the level of future electricity prices. The return to a free market economy and less planned economy will already lead to relief for the citizens. Experts predict that electric mobility will have no positive impact on global CO2 emissions. In fact, they believe that it could even increase rather than decrease over the next 20 years (Source: ARTE report).


Author

Mario Hose

Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

About the author



Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.


Related comments:

30. November 2020 | 05:50 CET | by Nico Popp

BYD, dynaCERT, NEL ASA - an ARTE report gets to the bottom of the environmental sin of electric cars

  • Electromobility

Electric cars, wind turbines or solar energy systems: Green technology promises us a clean future. But how much "greenwashing" is in the statements of companies and politicians? What is the true environmental footprint of electric cars? The investigative report "Umweltsünder E-Auto?" by Jean-Louis Perez and Guillaume Pitron for the European television channel ARTE takes a look behind the scenes, comparing Norway, the green model country, as well as dirty industrial wastelands in China or Chile. The conclusion of the film is sobering: It is not the green revolution or perpetual progress that will solve future problems, but rather sacrifice alone. However, there may be other alternatives in between.

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27. August 2020 | 05:50 CET | by Mario Hose

NEL ASA, NVIDIA, SolGold - copper, processors and hydrogen for the portfolio

  • Electromobility

The mobility of the future will be diverse. In addition to internal combustion engines, vehicles with electric motors will also define future everyday life. This politically motivated development will be supported by subsidies and premiums in various areas. Investors who would like to participate in this trend have the opportunity to buy the shares of companies that will be part of this development. Besides the well-known car manufacturers, suppliers and plant manufacturers will also benefit from this trend.

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30. June 2020 | 06:23 CET | by Mario Hose

Daimler, Tesla, Volkswagen - will electric mobility end with Chancellor Merkel?

  • Electromobility

The South African Elon Musk is a smart entrepreneur and knows when to access the capital market in order to remain liquid. Due to his space activities he enjoys a kind of fool's licence in the USA and sometimes smokes a joint in front of a running camera. On Twitter he announced a fake takeover in order to heat up short sellers without having to fear imprisonment. Nevertheless, it remains exciting to see how Tesla will develop in the future. The electric car maker has divided the capital market and the development is now looking threatening, as the details and background show.

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