Everything went up |
Graham
This will be down in the morning see the Dow was up 500 pts
That is the only reason it went up |
Barney
Get some more money on that short I want to top up next week 😬😬 |
Hygen growing
We're growing!
Hygen Energy is excited to be growing its team and is now looking for a new Electrical Engineer with a strong understanding of hydrogen projects and a deep appreciation of the underlying technologies and regulatory landscape.
The role will encompass the design, build and test of hydrogen storage and dispensing systems. It will also involve managing network connections for all sites. You will be required to support company safety, quality and regulatory approval functions. |
ITM have other revenue streams not just selling Electrolysers. |
ITM has now fledged , given its product , management, hedged into Linde and Germany; By virtue of its ability to deliver best in class, the order book should soon grow leading to profitability. That will enable the management to push the boat out with applications and systems around profit generating grid balancing systems |
Cheers everyone. Still a good pipeline, or at least one that gets ITM halfway to breakeven all on its own if it's just £20m in 2025 and again in 2026. One more contract like that and we are off and running. |
 Shell feel certain that they will achieve an IRR* of greater than 12%, so FID taken.
We should expect to see the economics behind this, via the Refhyne 1 Public Report.
*Internal. Not including those external factors (risks), highlighted here before.
Personally, I am convinced of ITM Power and the Company's success.
I am also convinced of a prolonged period of high inflation (perpetual) and great 'financial risk', through bad policy, possible unrest, and war (all manufactured to various degrees for various reasons).
Who can be certain about the actual rate of return before it comes to fruition, considering such possibilities/probabilities?
But Shell are convinced it is worth doing, and so am I.
Not all unknowns are detrimental.
In terms of the stock market price and security of return for a PI... literally no idea, or even confidence. I do not trust at all, but I do hope.
That is the gamble. This is why we don't tend to focus on such things around here. Unhealthy.
"Discussions about short-term share price movements, charts, trading and general hydrogen chatter should be kept to a different, more suitable ITM thread." |
Should help close out a few more deals. |
Well spotted, so skid stacks rather than plug and play units. So my initial revenue estimate probably about right. |
Decembers Capacity reservation RNS
‘The reservation covers 100MW of TRIDENT electrolyser stacks to be manufactured in calendar years 2025 to 2026 in relation to the Refhyne 2 project at the Shell Energy and Chemical Plant in Rhineland, Germany, which remains subject to a final investment decision.’ |
Bilbo still at it on LSE 😂😂😂😂 |
It has to speak volumes for ITM's credability in the industry. |
Would have thought it would be 5 of these? Not the plug and play unit's which would be more expensive IMO. |
Don’t forget all of the other preparation for the site will need to happen first. The ITM element is a “final fix item” from the Shell release “electrolyser expected to be operational in 2027” So realistically this is 2026 revenue and production. It is of course fantastic news to have had a 100MW order confirmed!! |
If you went on the 5MW at £4.35m, then that would give you £87m.
I imagine it will be less than that but not 50% less! |
These are electrolyser stacks not the containerised units. |
How do you get to that value Graham? I was starting with £4m for 2mw and then discounting it by about 20% for volume, just as a very rough guess. Are you saying they'll do something of that scale for much less? I recognise the annual report is the best indicator, but just trying to get a handle on the magnitude. Though even at £40m, if they can do it one yr, I think that gets them over breakeven with some other miscellaneous work.
The city seems to be on holiday! Reaching breakeven will be a massive event for ITM. Have I misread the FID situation? |
Would have thought revenue would be closer to £30 - £40 million from Refhyne2 |
The three that I watch, have all advanced in the last 20 minutes. |
Looks like some ii has finally seen this mornings` news and put a buy order in. |
Not to be too greedy at 52.10p sell.;)) Gla |
A man looking for a role!
From last December :- |
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