It reminds me of the saying (something like)Things take longer than you planned and then happen faster that you thought.We shall see.But as you say we already have a stack of reservations and I assume we are quoting for who knows what else. The big contract pipeline visible to Linde is an undervalued 'asset' in Mr Schulz pocket. |
Or perhaps investors should trust their instinct and take advantage of news before it gets officially announced 😁 |
Sold out @57.75p ..buy backs exhausted..new shorties later. |
So maybe official announcements could be a bit more prompt. |
Strange isn’t it this was known weeks ago yet takes an official announcement to move the price 😂😂😂 |
With the Shell 100MW under his belt, Schulz can be more bulish Thursday |
All valid points - I agree the business is in a great place and certainly hope the market recognises the upward trajectory ITM are now on with Schultz running the show. My caution comes simply due to the fact that these projects all have 2-3 year lead in times and the shorts will most likely continue to try and manipulate things until we have revenue over £100M, healthy gross margins and a clear pathway to profitability. Im convinced all this will come in due course - just a question of timing. |
Great news. They have faith in our systems. Let’s see Shell petrol stations throughout Europe install ITM kit and forget about the massive upgrade needed to electricity distribution grids for electric cars. |
And I have flown away higher..gla ;) |
Some shorts burnt today . |
Ever the cautiously pessimistic; Sorry BUT
You forget the awakening in recent months
You forget RWE possibly following Shell x10 and commissioning 2GWs
You overlook YARA's appetite to follow
And the 500MW reservation ? |
Great to see this get over the line. Its been a long time coming. Sentiment aaround the company will shift as more deals get announced but the big re-rating may not happen until large amounts of product starts shipping consistently from the factory. We might still be a year or two away from that. |
Indeed it is as good as it gets.
A recommendation with a ten fold repeat of a big order says a great deal.
Advertises ability to deliver in scale tried and tested plant with Linde there
Dispels practically all doubts for buyers or governments who want to buy or support |
Looks a huge project ! Iv worked on many uk refinery's !! Nothing like this on any I've worked on! |
Some PR :- |
There is quite a bit under the link "Refhyne II" in the header. |
Another positive step forward. Good news. |
https://youtu.be/n6oC4CDlQxw?si=ZWXYlD6_W2vAqePeIs this stage one of the project |
So contracts with 2 of the biggest energy companies should give some good publicity for the sales staff to promote ITM electrolysers and after sales service 😁 |
Refhyne II 100MW contract signed with
Shell. |
Couple of hundred thousand usd per day ?
70m per annum ?
That's for total project |
Yup the deal with one of the largest Co`s in the World is worthless- Short away would be my advice too. |
 We are pleased to announce that we have signed a contract for the REFHYNE II project, following Shell's recent positive Final Investment Decision (FID). ITM will supply 100MW of TRIDENT stacks and skids to the Shell Rheinland Energy and Chemicals Park in Germany. Linde Engineering has been chosen as the EPC integrator and will collaborate closely with ITM.
REFHYNE II will use renewable electricity to produce up to 44,000 kilograms of renewable hydrogen daily, partially decarbonising fuel production at Shell's Wesseling refinery. The electrolyser is scheduled to begin operating in 2027.
The REFHYNE II project builds on the lessons learned from the 10MW REFHYNE I plant, which was put into operation in 2021, and on ITM's and Linde's experience in engineering, constructing, and operating other green hydrogen projects across Europe.
REFHYNE II has been enabled by supportive government policies and frameworks, including the European Union (EU) binding targets for the use of renewable hydrogen in industry and transport, and the German Federal Government's regulatory framework. In addition, the project has received funding from the EU's Horizon 2020 research and innovation programme.
Dennis Schulz, CEO of ITM, said: "Shell is a leading global energy company, and we are proud they have selected us for this prestigious project. The performance of our latest generation electrolyser stacks in the REFHYNE I plant played an important role in Shell's proceeding to FID, as did their extensive due diligence on our technology and our capability to deliver this large-scale commercial project." |
Shorters Dream
They don’t help themselves as far as short selling is concerned there is no monetary value included so it will rise today and I will be increasing my short before the close |
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