Ok so if they are manufacturing for future orders would expect inventories to increase for build and materials to increase accordingly possibly between £10-£15 million. Which would negate the £50 million reduction in cash.
Any thoughts?
Net cash at year end is expected to be between £160m and £175m: Capex for the year is expected to be in the range of £15m to £20m, as we continue to invest in R&D, product development and our manufacturing capabilities. We anticipate working capital to increase by £10m to £15m, against commercial contracts awaiting revenue recognition (see Revenue). |
Or thyssen either way can’t see a) how they are going to make money and b) rely on another manufacturer to produce a product that actually works without any problems. The one Moon posted yesterday don’t actually manufacture their own electrolyser they actually buy them from China 😂😂😂 |
"The factory in Høvik will accommodate a footprint of just 2,500m2, including stack assembly, quality control and testing, using automated production techniques from the fuel cell industry.
This is thanks to stack components being supplied from an “established, high-volume supply chain,” allowing Hystar to rapidly scale production."
NEL? |
Also 4-5gw in 27,000 sq ft building 😂😂😂😂 |
Skinny
Are they manufacturing their own or using thyssen technology. Not many of these companies actually have their own Electrolysers to build but rely on other companies technology |
Another one :- |
Yes, it's a pity - one of the problems with the under-promise, over-deliver strategy is that a lot of activity doesn't become visible until very late. I wonder whether they might be better off issuing quarterly KPIs to at least show the orders and backlog? |
"Why doesn't she do it yesterday? Are they not in power?"
:-) |
Once elected, I will be vegetarian! said the wolf to the sheep. |
Will she do as good a job as she did on the Southern Border?
Why doesn't she do it yesterday? Are they not in power? |
(Bloomberg) -- US Vice President Kamala Harris is committed to “bold action” on climate change, an adviser to the presidential candidate said at the Democratic National Convention Wednesday.
Harris plans to prioritize the build out of a clean energy economy, reducing emissions, protecting public health, ensuring energy security, as well as “holding polluters accountable,” Ike Irby, a senior adviser to Harris said at a meeting of the Democratic National Convention’s Environmental & Climate Crisis Council. |
If the stock price of ITM Power behaved like it did in 2020 - irrationally - would you still complain? |
Just a bit more on Refhyne 2. |
The market has been given what if wants? So far It hasn't responded. An rns with the precious word order and not I promise will make the market respond. The hydrogen sector is not loved currently by the markets. |
https://www.hydrogeninsight.com/electrolysers/german-electrolyser-maker-to-open-gigafactory-at-end-of-september-to-meet-future-green-hydrogen-demand/2-1-1696152 |
ITM Power provide the best technology solution.
"customers only require tap water and electricity, our system does the rest".
The best the competition can do, when they do, is reveal that this is true. |
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. |
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