/biz/ - Business & Finance

>>55229301

>larger than expected salt dome
>space for several caverns, each capable of storing over 8,000 tonnes of green hydrogen
>could store all the energy from projects currently proposed by Newfoundland and Labrador’s wind energy industry.
>In comparison, the ACES Delta Hubs in Delta, Utah, USA, is currently constructing two hydrogen caverns with a capacity of 5,500 tonnes.
>ACES Delta is one of the world’s largest clean hydrogen storage projects in construction.
>Mfw this mogs the largest hydrogen projects by a great margin

Looking very nice there.
And this is interestingly worded, especially the last line:

>Wind Energy Projects has attracted significant international interest with twenty-four applications submitted, highlighting the need for clean energy storage that can be provided by Triple Point’s Fischell Salt Dome.
>The Province is expected to announce the selected proponents in the coming months.
>Triple Point will then continue working with proponents to complete initial engineering work and better understand the scale and timing requirements for the development of the Fischell Salt Dome project

It sounds like behind the scenes they have already decided on a total monopoly for TPR for all of the energy storage in the region.
It's too bad we have no examples about the price range of this kind of project. Is it 1-5 bil range or can it go to +10 bil? Which ever the case that 27.5% stake in TPR will be enough to push Salt up very nicely.
If TPR is worth 4 bil that's going to put Salt 10x from here. If it goes to 10 bil that's 24x
Then you slap in the 1 bil or whatever comes from salt and it's another ~10x multiplier.
More I think about this project the more I like it, because it's probably going to be worth even more than the mine.