TwoHeadsTas Posted 24January, 2022 Report Share Posted 24January, 2022 Not as though Twiggy is about to go F1 racing, but some pretty interesting news. https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02478076-6D8HUTJRHKSMNTP41IOUA2JB0L/pdf?access_token=0007ptgWUyBTGrne4Xy5dS3PAL6Z tomo and JWM 2 Quote Link to comment Share on other sites More sharing options...
Dalai Posted 24January, 2022 Report Share Posted 24January, 2022 Damienb, MARTY, tomo and 1 other 2 2 Quote Link to comment Share on other sites More sharing options...
JWM Posted 24January, 2022 Report Share Posted 24January, 2022 Mention of the electric train announcement is interesting, I wonder if we're in for another round of "lets build a fast train to link Melbourne, Sydney, Brisbane" this election 😉 tomo 1 Quote Link to comment Share on other sites More sharing options...
Coastr Posted 24January, 2022 Report Share Posted 24January, 2022 Election time is on, right? Must be time to dangle an electric train in front of the gullible. They even got one started in California in 2008 for a 2020 opening. Well, they got started on the funding. $10 billion has been spent - mind you, no actual track has been laid or trains been out together. But a field day for paybacks, backhanders, cushy jobs and all the rest. Time to let the rail fantasies go forever - the 19th century is well and truly over. The only government which appears capable of building things is the Chinese govt. Anyway, back on topic is twiggy a known f1 fan? Seems like there are easier ways to acquire battery tech than buying a race team. tomo 1 Quote Link to comment Share on other sites More sharing options...
JWM Posted 24January, 2022 Report Share Posted 24January, 2022 I think this is quite seperate from the race team now isn’t it? They were building the batteries for Formula E at one point I think though? tomo 1 Quote Link to comment Share on other sites More sharing options...
Carrera28 Posted 24January, 2022 Report Share Posted 24January, 2022 1 hour ago, JWM said: I think this is quite seperate from the race team now isn’t it? They were building the batteries for Formula E at one point I think though? Reading the ASX announcement: "Fortescue Metals Group Ltd (Fortescue, ASX: FMG), has entered into a share sale and purchase agreement to acquire 100 per cent of Williams Advanced Engineering Limited (WAE) from private equity firm EMK Capital and Williams Grand Prix Engineering Limited for £164 million (approximately US$223 million)." It would appear the F1 team is divesting it's share of the business so presumably that means the F1 team is not being acquired. tomo 1 Quote Link to comment Share on other sites More sharing options...
TwoHeadsTas Posted 24January, 2022 Author Report Share Posted 24January, 2022 31 minutes ago, Carrera28 said: Reading the ASX announcement: "Fortescue Metals Group Ltd (Fortescue, ASX: FMG), has entered into a share sale and purchase agreement to acquire 100 per cent of Williams Advanced Engineering Limited (WAE) from private equity firm EMK Capital and Williams Grand Prix Engineering Limited for £164 million (approximately US$223 million)." It would appear the F1 team is divesting it's share of the business so presumably that means the F1 team is not being acquired. Certainly no indication of the F1 team being acquired, just the separate engineering side of things as it reads Quote Link to comment Share on other sites More sharing options...
Coastr Posted 24January, 2022 Report Share Posted 24January, 2022 Ahh consider me enlightened Carrera28 1 Quote Link to comment Share on other sites More sharing options...
JWM Posted 25January, 2022 Report Share Posted 25January, 2022 Some interesting additional details here - https://www.carsales.com.au/editorial/details/williams-engineering-sold-to-australian-miner-133901/ I’d forgotten that the best link to here is of course they have built engines for Singer! TwoHeadsTas and tomo 2 Quote Link to comment Share on other sites More sharing options...
smit2100 Posted 25January, 2022 Report Share Posted 25January, 2022 On 24/01/2022 at 11:04, Coastr said: Election time is on, right? Must be time to dangle an electric train in front of the gullible. They even got one started in California in 2008 for a 2020 opening. Well, they got started on the funding. $10 billion has been spent - mind you, no actual track has been laid or trains been out together. But a field day for paybacks, backhanders, cushy jobs and all the rest. Time to let the rail fantasies go forever - the 19th century is well and truly over. The only government which appears capable of building things is the Chinese govt. Anyway, back on topic is twiggy a known f1 fan? Seems like there are easier ways to acquire battery tech than buying a race team. Conflict of interest? I thought Twiggy was blowing his trumpet louder for hydrogen. Does hydrogen and electric sparks mix? tomo 1 Quote Link to comment Share on other sites More sharing options...
Dalai Posted 26January, 2022 Report Share Posted 26January, 2022 2 hours ago, smit2100 said: Conflict of interest? I thought Twiggy was blowing his trumpet louder for hydrogen. Does hydrogen and electric sparks mix? Hedging his bets? tomo 1 Quote Link to comment Share on other sites More sharing options...
JWM Posted 26January, 2022 Report Share Posted 26January, 2022 Two different uses I think. I’m not sure on his plans specifically but I’d assume as others are talking about it’s Hydrogen being produced essentially as a way to “store” energy from solar or wind and export it (like you’d export coal or gas) and be turned back into energy in the other side. tomo 1 Quote Link to comment Share on other sites More sharing options...
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