Introduction
In May 2025 I took a position in HYTLF, the US
version of HyTerra stock, and at the time
posted my thoughts on the Yahoo HYTLF
community board. Since then I’ve
continued to add to my position and research
the issues that must be addressed before
HyTerra becomes attractive to investors.
In November I
began to prepare some new posts to
share findings and opinions. The posts
became so detailed that they no longer fit
the character limits, so they've been made
them into an article. Comments are
welcomed, especially from those who find
holes in my thinking, and can be posted on
any of the boards where you find my link.
I still think, as noted in an
earlier Yahoo post, that HYTLF is a highly
speculative investment, one of those “don’t
bet what you can’t afford to lose” plays. Also,
figure on making it a long, long term buy
and hold, because it will take time for
management to get their act together.
However, there is a tremendous upside if
HyTerra makes the right moves, so the bet is
worth making.
The parts
of the article are:
-
A strange horse
race
-
Natural gas
versus white hydrogen
-
HyTerra
errors: Promoting the wrong metric
and failing to publicize lucrative markets
-
A cheap power
generation proof-of-concept project
-
HyTerra’s future
development of power generation markets
I am not an engineer. I
worked my way through college as an
electrical technician for Southern
California Edison, and did my
military service as a generator repairman
in Vietnam and an instructor in electrical
power generation at the US Army Engineer
School.
My career choices took me in other
directions, but my investing interests for
the last 55 years have been in the
technology, mining and energy fields.
Fortunately, there
are two hydrogen engineers in my family. Both
have experience in running a steam-reforming
hydrogen plant and I have plied them with my
questions. I am very appreciative of
their help.
I have no connection to
HyTerra other than as a stockholder, nor
am I seeking one. The opinions are
personal and shared freely, without the
need for attribution. My purpose in
writing is to protect the investment and
plant a seed for the future.
Background
reading
If you are new to
the topic of subsurface hydrogen, these
articles may be helpful and will make more
sense of the following parts.
Science Daily, May
14, 2025, report on the
Oxford-Durham-Toronto study:
https://www.sciencedaily.com/releases/2025/05/250513112301.htm
BBC, July 24, 2025
https://www.bbc.com/future/article/20250723-the-worlds-race-to-drill-for-natural-white-hydrogen
In particular, note
the map of deposits in the US.
Daily Galaxy,
February 15, 2026
https://dailygalaxy.com/2026/02/japan-create-first-30-percent-hydrogen-power-engine/
This well written
article discusses Kawasaki's development and
marketing of a dual fuel engine described in
the headline as the world's first.
Jenbacher has for several months advertised
the availability of similar dual-fuel
turbines, so the "world's first" claim may be
questionable, but the scientific and marketing
issues surrounding the development are
explained well.