`Having restructured the company in the prior year, we are now capable of delivering at volume.` |
Kind of like itm cooley era... we are ahead of the pack on that front. It's now a case of what materialises.Itm need even a 10mw system order paid for saying they want it ASAP.500mw would be better but anything for the here and now not shrouded in the mist of distant future..Quickly |
There have been a few articles over the last year or so, but as you say - all a bit nebulous.
From last week :-
I mentioned earlier that Dr Cooley has upped his stake in DIS, who were/are looking at a distillery.
On edit -: certainly no investment advice given in that regards!! |
Today is the first time I have heard Dennis mention distilleries.
A number of distillery projects are active, some in HUR funding, but I have not found named electrolyser providers. These are not massive scale projects but I can see how our ‘off the shelf’ fixed price’ units could be attractive. As mentioned them I assume that we have been/still are involved in bidding. |
Good luck with those prices |
Presentation is with Investor meet company. Sign up to them as its worth while...no cost involved. |
Plug got itself into a right mess with fixed fee/quantity refueling contracts. Then having to buy hydrogen in the open market.ITM can just concentrate on building and delivering MWs. |
For anyone who missed it :- |
Shorties are positioning to sell st 45-50p range. |
Waiting on some photos from Plug regarding factory space and electrolyser units already built. Been promised them but still waiting after 2 weeks. Also seen 3 -4 other electrolyser manufacturers on LinkedIn with empty factories and no equipment saying they have 1gw capacity 😂😂😂😂 |
Focus on cost, quality and committed production slots seems in a way the way the German industry (cars, white goods MIELE etc)has become so successful. Dennis has brought strong discipline to company and maybe this is paying off - its all in place to become successful fiscally; assuming the technology is up there with the best. So good product's and well managed production sees it based for a good slice of what seems to be a huge market. |
Barnes
I suppose it depends on what happens over next 6 months with new orders coming in and if they receive any further pre orders.
As Dennis indicated enquiries are more than he has ever seen in any company he has worked for and Linde must have had multiple enquires while he was there. |
Graham
That is the same for any business
Just not happening fast enough hence the short sellers |
Sounds like they just need orders plant and staff ready to rock and roll. |
Presentation didn't seem to have positive effect to underpin the share price |
It was live on the investor meet platform; recording will be uploaded at some point. |
What I liked best and had under-appreciated is how stringent the DD is on the customers requesting reservations - it makes the 500MW much more solid than it might appear.
All in all, a top-class presentation from what is clearly a highly competent and conservative management team. |
Where is the presentation |
Excellent presentation - beautifully understated. |
Dennis
“The only thing that counts are contracts, Everything else is hot air for me” |
`Only thing that matters are signed contracts, everything else is hot air!' |
I hope PLUG's directors are watching this.
"The only thing that matters are signed contracts - everything else is hot air to me." |
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