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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
|
|
|---|---|---|---|---|
| 1.10 | 2.20% | 51.10 | 16:35:08 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 51.00 | 50.85 | 54.35 | 51.10 | 50.00 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Top Posts |
|---|
Posted at 26/4/2024 13:56 by bmel NorbusI agree that Bamford is cutting through and opening up new markets in both fuel cell and hydrogen ICE powered commercial transport/bus and heavy plant applications. I wonder if we have identified a partner organisation(s) that would the design/delivery of all the ancillary fuelling/storage/mon Selling ‘solutionsR Would also keep ITM engineers focused on the stuff they know about. |
Posted at 26/4/2024 11:56 by molatovkid One issue with your anti ITM spiel. ITM have a serious cash pile that can make things happen. Cash is King! |
Posted at 26/4/2024 07:02 by skinny ITM is pleased to announce a partnership with Hygen, being appointed as their preferred supplier for Proton Exchange Membrane (PEM) electrolysers for hydrogen projects within the UK and across Europe. Hygen's goal is to implement up to 200 MW of electrolyser projects over the coming years across the UK and wider Europe, utilising ITM technology and equipment.The collaboration is intended to be formed of two phases: · Phase 1 is expected to comprise 50 MW of NEPTUNE Plug and Play electrolysers across several projects, many of which will be based on UK government HAR2 or similar funding programmes · Phase 2 is expected to comprise 150 MW of larger-scale modular electrolysers Each project will be subject to a Final Investment Decision (FID). Both companies recognise the economic benefits arising from a strong UK supply chain in the fast-growing hydrogen industry and will work together to maximise the viability and bankability of Hygen projects, especially of larger-scale electrolyser installations. ITM has continued to grow our NEPTUNE annual build capability, both in terms of units and MW capacity. We are confident that we will be able to fulfil Hygen's demand requirements, whilst at the same time, working alongside and delivering to a wide range of customers over the coming years. Dennis Schulz, CEO of ITM, said: "Our collaboration with Hygen is an important milestone for both companies and for the UK. We are looking forward to working in partnership with Hygen and its group companies RYZE and Wrightbus over the coming years, together playing a leading role in advancing the green hydrogen economy." Jamie Burns, Director of Hygen, said: "We are determined to lead from the front when it comes to developing and delivering low-carbon hydrogen projects. To build this critical infrastructure, we need ambitious partners such as ITM which has impressed us with its focus on the manufacture of quality UK-built products. Hygen's intent is to deliver low-carbon hydrogen projects in the near term, giving the UK's net-zero industry a valuable boost." For further information please visit www.itm-power.com or contact: |
Posted at 20/4/2024 12:02 by grahamwales Linde have a 16% holding in ITM. I'm sure when the right work comes up they will opt for ITM electrolysers. As Dennis has already stated they are working with Linde on current projects and pricing work with Linde.As for being tied to Linde don't think that is a bad option but again ITM are carrying out FEED studies of their own. Someone recently said its not a sprint but a marathon (DS)and getting the right work and price is something that the previous CEO didn't seem to do. As long as they can show that revenues are increasing and costs dropping the market will react accordingly. |
Posted at 20/4/2024 11:52 by willoicc The question is, are Linde giving work to their own organisation at ITM's expense?I am just wondering about ITM being dependent on Linde but Linde does not seem to be putting much work ITM's way. How can ITM compete if Linde know so much of ITM's inner workings? |
Posted at 26/3/2024 22:07 by adobbing ITM Power And Sumitomo Complete Installation Of First Of Its Kind Demonstration Electrolyser In Japan.ITM Power is pleased to announce a milestone in its collaboration with Sumitomo Corporation: the delivery and installation of a NEPTUNE electrolyser at Tokyo Gas Co Ltd’s Yokohama Techno Station. This unit marks the first deployment of a megawatt-class PEM electrolyser made overseas and imported into Japan. Manufactured by ITM in the UK, and shipped to Japan, the electrolyser is now installed. After commissioning, the hydrogen produced will be utilised in the e-methane production of Tokyo Gas. This is an important milestone on Japan’s journey to carbon neutrality by 2050. |
Posted at 26/3/2024 09:18 by grahamwales Bit of news from LinkdinITM Power is pleased to announce a milestone in its collaboration with Sumitomo Corporation: the delivery and installation of a NEPTUNE electrolyser at Tokyo Gas Asia Pte. Ltd.'s Yokohama Techno Station. This unit marks the first deployment of a megawatt-class PEM electrolyser made overseas and imported into Japan. Manufactured by ITM in the UK, and shipped to Japan, the electrolyser is now installed. After commissioning, the hydrogen produced will be utilised in the e-methane production of Tokyo Gas. This is an important milestone on Japan's journey to carbon neutrality by 2050. Dennis Schulz, CEO of ITM Power, stated, "ITM is proud to work with Sumitomo to support Tokyo Gas in advancing hydrogen technology deployment in Japan. We are keenly observing the wider developments in Japan, such as the government’s CfD style support scheme, which could see Japan emerge as one of the most fertile countries for green hydrogen projects in the region.” |
Posted at 19/3/2024 22:34 by danvandan barnes, no I will not. Think about this; a few weeks ago ITM put out a set of results that showed how the business is getting very close to break-even and thereafter, profitability. It's no longer years away. It could be just a matter of months, if a few of the big projects actually get started, assuming that ITM wins contracts.When they put out those results and the presentation, the shareprice went up dramatically. At the time, I thought it was strange that the hedgies shorting this didn't exit. Not only have they not exited, one of them actually increased their short. Why do that when all the evidence points to the shareprice as having already bottomed, and the company's prospects look good? Look at the number of just small green hydrogen projects that are getting government funding support - HAR1. Two or three of these would transform ITM's profitability. All are in planning limbo. But there are so many, plus the Linde partnership, that ITM looks like an obvious high value business. They've got enough cash to run without ANY profits for at least two years and maybe more. But despite all of that, hedgefunds felt that increasing their short was the right thing to do. Why? It can only be because they are confident that they have found a small publicly traded business with plenty of small investors who will sell if the shareprice hits small investor stops. The chart is stop-hunting every day. Sell a little, trigger a stop, then the small investors sell and start a chain of selling, more stops triggered. When the selling stops, sell a little more, find new stops, and so on. This will go on until something big happens. The share price could be 45p in a week. It takes a big institutional investor to just buy up every sell. When the hedge funds meet a big institution on the other side of every trade, buying everything they can sell, then they will not be able to manipulate the price down and they might think about exiting. |
Posted at 22/2/2024 04:11 by moontheloon USA?UBS sees upside at Ceres Power, ITM PowerPublished: 09:3 |
Posted at 15/2/2024 21:15 by gimmethefax We don't always have to agree, but its good when we do; there are none better placed.Nice surprises are always welcomed, so I agree, understating things would be pretty norm, for a business man of quality - always better to over-deliver. Cost is becoming more and more important, and, as you know better than any, the uniqueness of the ITM stack puts ITM ahead in that regard. They can't compete. Dennis shares with us that the competition are raising prices, ITM didn't have to - evidence. I would say ITM will indeed raise prices over time, but this is our advantage - best in class - with the freedom to squeeze. As GW highlights on the other thread, Plug Power ('the behemoth', the hydrogen darling, lol) is a full year behind working through teething issues, and still seem to be coming down from the fantastical hype that came with all things green hydrogen (it got us all). They all might get squeezed out if pricing becomes super competitive. They just can't compete. Did we get status updates for Leuna and/or Yara reference plants? ... Forgive me, I did watch the presentation, but was on the go so didn't really catch it all properly. |
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