/biz/ - Business & Finance

https://www.streetinsider.com/Newsfile/Triple+Point+Congratulates+Newfoundland+and+Labradors+Successful+WindHydrogen+Developers/22132030.html

Here's some TPR news for all salty boyos.
Government is now done with their green energy company selection process.

>Fischell's Dome the only proven salt dome on the east coast of North America able to store large volumes of hydrogen
Kek, they're basically saying that Vortex is a dogshit company.
> World Energy GH2 is considering Fischell's Dome as an energy storage technology that will provide a compressed air energy storage and back-up power supply solution
>Triple Point is now advancing the engineering of its first salt caverns to evaluate the timing and alignment with the aggressive schedules of proponents.
>The main objectives are to better define operational requirements for the Fischell's Salt Dome project ensuring its requirements meet or exceed end user needs as well as environmental and safety standards.

So the players have been chosen and now we just wait for TPR to get some data and to negotiate with these people.
It's encouraging that they mention " alignment with the aggressive schedules of proponents." They really need to get their asses moving if they want this hydrogen stuff to be up and running by 2025.
I bet they'll have the TPR situation figured out within the next 6 months.
Now it'll remain to be seen if it's straight up sold or will it trade.
While it would be nice for salt to get few hundred million payout instantly, I hope it trades instead. This has potential to grow really damn big, especially since it's government money they'll be sucking up along with a potential hydrogen mania in the markets.

>>55777577

Would be great if Salt's new CEO was someone from or affiliated with Compass, Morton or Fortesque or any other big players interested in the hydrogen or salt markets.
That could be an implication that the project is going to be sold for them and could basically just start a growth trend until the deal is done.
Got to admit holding has been pretty painful because of the god damn delays, but at least we're nearing the point of a new beginning and it'll get way more interesting.
Still I feel like we're not going to get any sale news or offers until TPR is sorted out.
Salt's ownership is way too large and so is the potential of TPR This can't just be sold like that without knowing how much money the hydrogen play might bring, because it could be even +1bil more to the value.

>>55777657

I honestly wouldn't even bat an eye if the stock was trading 40% lower a month from now, because there's a real possibility all of these news have been baked into the price already.

>>5243169
>the corecuck salt in this thread