Someone posted the Hydrogen Pro kit on the other thread ; Have you seen the size of the Alkaline stacks?
never mind efficiency , what about the rent!
[...] |
I’m thinking that alkaline electrolysers have limited ability to improve performance whereas PEM can improve efficiency. Even if it’s by couple of % would make a difference in the lower costs of green hydrogen.
HydrogenPro’s losses widen as it racks up unexpected costs on US green hydrogen project
I am also amazed companies are using alkaline electrolysers for green hydrogen is it solely down to cost of the initial electrolysers and not thinking of long term problems they may have. |
Hopefully not behind a paywall
Green hydrogen: ‘cause for optimism’ even as the hype fizzles
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Cause for optimism’
The setbacks have been softened by a flurry of projects in Europe receiving the green light over the past six months, such as Shell’s 100-megawatt Refhyne II plant just south of Cologne, Germany, which will help supply the oil major’s chemicals plant and refinery on the site. |
RWE lingen
Germany puts into operation pilot hydrogen network |
For the doubters, ITM has 4 lots of 100MW Contracted. You can see the factory floor , with confirmation that none of the WIP is for stock. |
Got our on a breakeven early morning .I think it will go back down to 49-50p again until a new first is announced. |
The transcript is useful, although it's a pity the ai doesn't understand punctuation. I suppose you don't look at it the same way if you don't breathe... |
Interesting take on the results especially the revenue going forward 😁 |
With all the potential wind energy the UK has yet we still import vast amounts of electricity. |
moon - looks bleak at first glance, but then you look at this:
"The liquid e-fuel market in Europe is developing slower than expected, and we have taken the strategic decision to de-prioritise our efforts within the market and cease the development of FlagshipONE. We will continue our focus and development efforts within renewable hydrogen, which is essential for decarbonising key industries in Europe and closer to our core business"
And this: "We maintain a strong focus on de-risking project execution and prioritising growth options with the highest potential for value creation"
Mads Nipper, Group President and CEO of Ørsted, commented.
Which all sounds like a perfect fit for ITM to me. |
Analysts and brokers' concensus target price for itm remains at 89p.Revenues to grow 101 per cent into 2025 according to Simply Wall Street most recent report. |
They simply haven’t got enough orders and if things don’t go hydrogen they never will even if their technology is the best
That’s why I am happy to short |
bunlop
Cash has reduced £50 million this year and is reducing by £50 million next year. Actual cash. I appreciate it’s not down to ITM that FID’s are not getting sorted but sometimes you have to reign back spending until they do. |
Btw, this is easily one of the best threads on advfn and I'm aware of the sustained effort that has been put in by the stalwarts here. This is what advfn should be; genuine discussion, and a lot of people who've really put the hours in, in terms of research and sharing their insight and news stories with everyone else. Thanks for your efforts. |
 Graham, I agree. For the moment, at any rate, but things could change very quickly (I imagine I'm stating the obvious here, but given we are momentarily experiencing a downturn, I feel it should be said). I reckon the worst part of the full yr report was the outlook for next year, but I read that as being informed by the character of the CEO; he is a pragmatist and honest, so when he does eventually step forward with a big forecast, it'll carry a lot of weight.
The 500mw capacity reservation looks like a potential turning point in that it's 5 times the size of the already significant Refhyne order and would, I think, be transformative and push the business beyond breakeven straightaway. Assuming the rest of the world keeps pace and it's not a one-off (how could it be?) my guess is that there'll be no turning back for the shareprice at that point.
In the meantime, this share has become a trader's toy. Volume is large for such a small niche business and at this moment, I reckon the shorters and market maker will be stop-hunting to their hearts content, pushing the price lower until the next round of excitement. |
They are not spending £50m cash per annum. A lot of it will go into WIP and debtors as the orders rapidly increase. |
Unfortunately seems the market has lost patience with ITM. Shame really as thought 2025 would be the turning point. Looks like will have to wait till 2026 and beyond fingers crossed. Spending £50 million cash per annum is a bit to much. |
Agree. The business now looks very solid. I still cant believe how many fundamental mistakes were made during the final years of the Cooley era, basically shipping unfinished designs and bodging it on the job, but I do regularly take thanks for the fact he got a massive fund raise away back in 2021. I dread to think how the last 18 months would have gone without the cash cushion in place. As things stand, we have enough runway to reach 2026/7 at which point we should be pretty close to being as self-sustaining business. |
No - if they have information about the closure of orders on that pipeline, which I hope they do, they're inside and can't deal. |
if its only a pipeline it doesn't mean they are actual orders if they were they would have to announce to the market.
The same goes for information that would effect the share price it would have to be announced. Now that the accounts are out the way they are allowed to buy. |
If the pipeline is anything like what they say it is, they'll all be in possession of privileged information and therefore barred from that. |
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