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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Itm Power Plc | ITM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.14 | 0.39% | 35.62 | 13:47:41 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 35.50 | 35.50 | 36.58 | 35.48 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Top Posts |
|---|
Posted at 08/1/2025 13:52 by stevepud Another £7.7m from BEISGigatest Led by ITM Power (Trading) Ltd Contract Value: £7,709,749 Gigatest will be an enabler for ITM Power to accelerate both the commercial development of its 4th-generation Proton Exchange Membrane (PEM) electrolyser stack, and its new Gigafactory manufacturing site (located in Sheffield). Through this project ITM Power seeks to commercialise the lowest-cost green hydrogen solution on the market, supporting rapid decarbonisation in hard-to-abate sectors whilst also strengthening the UK’s leadership in clean energy technologies. As part of Gigatest ITM Power will build its first 4th-generation electrolyser stack. This follows conceptual designs developed through previous BEIS funding competitions. Following construction, the stack will undergo rigorous testing in Sheffield in representative conditions to validate the performance and in a 4MW field trial at a commercial site to validate the technology in real-world conditions, ensuring the technology is ready for large-scale commercialisation. ITM Power’s 4th-generation stack has multiple advantages over current competitors including: lower capital costs, higher current density, and a smaller physical footprint for the system. These advantages will greatly enhance the stack’s ability to operate under flexible conditions when coupled to renewable energy, therefore producing green hydrogen at the lowest cost on the market. ITM Power is confident the 4th-generation stack will be globally best-in-class, offering multiple advantages over other technology platforms, and aims to establish it as the mainstream green-hydrogen solution in the UK and global markets. Furthermore, Gigatest will be critical to ITM Power for deployment and validation of key manufacturing equipment at its new Gigafactory. This will contribute to the enabling of semi-automated mass-production processes suitable for the components of the electrolyser stacks. ITM Power’s new Gigafactory will be crucial in ramping-up green hydrogen production in the UK and establishing the UK as a global export leader of electrolyser technologies. Advancements in manufacturing techniques and equipment through Gigatest will allow ITM Power to realise a manufacturing capacity of 1GW/year by 2024 whilst maintaining the highest quality standards for the 4th-generation stack. Gigatest will make an important contribution to the UK’s 2030 hydrogen production target of 5 GW and to securing highly skilled manufacturing jobs in the UK. Visit the ITM Power (Trading) Ltd website for more information. |
Posted at 23/12/2024 07:51 by sphere25 I can see the news article that says each of those costs £4.35m so I'm sat here as an outsider thinking "Is this finally the beginning of something at ITM?". But even I can see the chart and form a view of the story here.All the market is doing here is pricing in a placing when the cash is eventually eaten into. The market doesn't believe that ITM will deliver....except... This announcement peeks the curiosity. I mean ITM only did £15.2m in the first half as per the update earlier this month. Looking at the figures, you can't sit there and say "Oh we are better than expected in terms of monstrous losses or cash burn", not in this market. You have to deliver and this is delivery. They also say: Customer interest continues to exceed our expectations" so that does imply more to come. So keep on delivering and it might have a chance to give the Bears a game. So I'm watching for a short term trade and curious to see if the market really buys into this at some point, if the contracts keep coming. The volume will balloon if the market actually believes there will be follow through. Right now, there is no follow through, but let's see. Show us the delivery! All imo DYOR |
Posted at 19/12/2024 13:10 by grahamwales From LinkedIn todayProject start Neptune V electrolyser from ITM for Guttroff On 06.12.2024, the managing directors Dennis Schulz and Tobias Guttroff on the already commissioned electrolyzer for the Guttroff site in Dettelbach as part of the official start of the project. ITM is based in Sheffield, England, and develops highly efficient electrolyser systems for green hydrogen production. Following the recently announced order for the first Neptune V plant in Germany for the Guttroff Group with a focus on technical and medical gases, welding technology and engineering, the managing directors have once again expressed their clear commitment to the future market of hydrogen and a cooperation initiative as part of the start of the project. Neptune V is a 5-megawatt containerized electrolyser plant that offers highly efficient hydrogen production capacity. ITM and Guttroff are thus jointly starting a project from a whole range of market options, and further existing plans are to be jointly evaluated and advanced in the near future. The companies did not disclose the value of the contract, but Guttroff received €5 million in funding earlier this year as part of the Bavarian electrolyser subsidy program to initiate domestic production of green hydrogen in the region. Guttroff confirmed that the Neptune V plant is intended to ensure all possible forms of supply, including a filling station, including significantly expanding the company's own hydrogen fleet with further investments as early as mid-2025. |
Posted at 13/12/2024 15:17 by grahamwales Anyone want a job. New role just announced.In response to the acceleration of the green hydrogen industry and the strong customer response to ITM’s leading technology, we are strengthening the ITM team with a senior role to lead our business development and sales activities across the UK, Ireland and Nordics. We are seeking an exceptional individual, with relevant industry experience to spearhead our growth in these important markets. As Head of Business Development and Sales, this role will be based in Sheffield, UK. Your mission: to forge customer partnerships and accelerate the adoption of our cutting-edge PEM electrolyser technology. At ITM, we are committed to delivering superior technology and driving sustainable change. If you're passionate about the future of the energy system and have the drive to lead in a fast-paced environment, we want to hear from you. |
Posted at 05/12/2024 10:49 by moontheloon ITM Power delivers strongest interim revenue performance on record.....Thu, 05th Dec 2024 08:07(Sharecast News) - Energy storage and clean fuel business ITM Power said on Thursday that it had delivered its strongest revenue performance ever in the six months ended 31 October.ITM Power stated interim revenues were expected to come to £15.2m, while adjusted underlying losses were seen at £17.1m for the half.Looking forward, the AIM-listed group stated full-year revenue expectations were unchanged at between £18.0m and £22.0m. However, adjusted underlying losses were now seen at £32.0m-36.0m, up from £35.0m to £40.0m.Chief executive Dannis Schulz said: In the first half of the year, ITM achieved its strongest revenue performance in any six-month period whilst tightly managing costs and capital expenditure. Our sales pipeline has continued to grow, and we are well-positioned as customer FIDs accelerate through 2025. We look forward to providing a more detailed update with our interim results in January."As of 0945 GMT, ITM shares were up 2.52% at 35.38p. |
Posted at 05/12/2024 07:00 by skinny Ahead of our interim results, which are due to be released on 30 January 2025, we are pleased to provide a summary of our financial performance for the 6 months to 31 October 2024.The expected unaudited financial results for the half year are as follows: · Revenue of £15.2m · Adjusted EBITDA loss of £17.1m · Net cash at the end of the first half of the year of £203m View on the market and business: · Market and regulatory environment: remain unchanged · Sales pipeline: continues to grow, with near-term interest weighted towards NEPTUNE V · Project delivery: obligations being met, with costs tightly controlled · Product performance: in-field data achieving customer and ITM expectations We update our FY25 guidance as follows: · Revenue expected between £18m and £22m (unchanged) · Adjusted EBITDA loss in the range of £32m to £36m (improved from £35m to £40m) · Net cash at year-end in the range of £170m to £180m (improved from £160m to £175m) Dennis Schulz, CEO ITM, said: "In the first half of the year, ITM achieved its strongest revenue performance in any six-month period whilst tightly managing costs and capital expenditure. Our sales pipeline has continued to grow, and we are well-positioned as customer FIDs accelerate through 2025. We look forward to providing a more detailed update with our interim results in January." |
Posted at 02/12/2024 20:38 by gimmethefax I'd say the LCOH produced by ITM machines is still way higher than the currently available alternative fuels. ITM claims lowest cost of green hydrogen. The Benchmark.Therefore we can presume, at this stage, that the hydrogen produced (if being used as a replacement fuel) is a cost for the customer, and no value is actually created there, yet. ... most investors get up and leave the room at this point ... This is what makes the business plan tricky, a gamble even. But we know this already. We are comfortable with such insanity, are we not?! Or are we deluded? ... only the psychopaths remain in the room ... So, ITM currently create value by other means, for example, 'we can help keep the ESG cartel off your backs for a little longer if you switch to hydrogen'. Danger! But, if a man has a gun to your head, pretty much everything that will cause you not to die is of enormous value - I am sure you would pay the price! So, ITM Power need to do a really good job of showing WHY a customer would choose to pay this premium, and show how this business is sustainable - even when the current politics change - which they will. We have discussed the benefits, and the value, here, qualitatively, for years! Only the Company can present the true investment case, quantitatively. If this value is not presented well then I see no reason for the value of the company to increase - why would it? We are still sitting, waiting impatiently, listening. |
Posted at 15/11/2024 09:31 by gimmethefax Norbus, we have done our best on this here thread to highlight the value.It frustrates me that ITM have done less to communicate the business opportunity to the market. Financials! Maybe, in truth, they don't, or didn't really know. At best, we've heard the echoes of "CO2 this", "CO2 that" from the chair; whispers from management; threats and forever promises from the political class - while the faithful PI bleeds out. I know ITM have been adjusting and recovering, but still - basics. How are ITM creating value for their customers? Is it actually costing customers to purchase and run these projects? are they hoping to make a profit on the hydrogen? Do they feel pressured to pivot and therefore experiment with green hydrogen (is this sustainable).. or is it actually, really, and simply profitable for Shell and others to buy an ITM electrolyser? Maybe Nov 26 will be a good opportunity to try and fill this gap. |
Posted at 11/11/2024 22:52 by gimmethefax "albeit with a grant"Has always been the crux. ITM ought to be able to show the value of the solutions they offer, regardless of grants and handouts...and I believe they can (although, it would be easier to believe if we saw the Public Report on time, that we were promised for Refhyne 1). Trump's climate views, whatever they may be, should not be a factor in the matter. For a start, ITM Power are a UK company. Secondly, it is either profitable for a customer to buy ITM products or it is not. If it is, customers will buy that value. If it is profitable, but only with incentives and grants, then this is a very bad business model, utterly reliant on psychopaths in suits being able to lay heavy burdens on the people. Indefinitely? Why would anyone want to buy what you are selling? ESG? Can you show us when it would be profitable for a customer to purchase ITM solutions without a grant? Now, already? When? Where? ITM Power are yet, in my opinion, to effectively present this value to the public or to shareholders. Show us the numbers! Show us why this customer bought this product - and, would they have done so without the grant? "We can't speak for the customer." Indeed. Why would anyone want to buy what you are selling? Why should I invest? |
Posted at 22/10/2024 15:05 by norbus I urged ITM ceo for a little more enterpreneurial action . ITM can add consoles to the electrolyser to create a self standing profit centre that can do grid balancing and arbitrage . It could also be a magnet for an EU grant if undertaken by ITM Deuchland. That would inject accelerated prospects for profitability while the green hydrogen electrolyser market picks up. ITM HAS ALL IT NEEDS TO EXECUTE THIS.Sharehoers have urged the CEO to be more enterpreneurial before Now is his chance to prove his worth with a laydown product that may also qualify for an EU grant |
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