Oh please no more back slapping |
Gone is the unrealistic hype that the hydrogen economy would develop overnight or linearly without any challenges. Instead, today, the hype has finally given way to real industrial scale-up of projects and production capacities. The green hydrogen and electrolyser industry has started gaining traction with an increasing number of project FIDs taken over the recent months. I expect this momentum to continue.
At the same time, the electrolyser OEM market has started to consolidate, as expected. We are seeing the first contenders dropping out of the race. ITM Power has meticulously prepared for this over the last two years. Operationally, we are in the best shape the company has ever been in. Our product portfolio is comprehensive and competitive, our financial situation is strong, our sales pipeline has never been healthier, and our contract backlog continues to grow.
I’m excited for what 2025 holds for us! |
Graham anybody? Where is everyone - Dennis has opened the gates! See Linkedin immediately! |
Skinny See Dennis on Linkedin!!!!! |
Have filled my boots with PZC today |
New commercial director for Europe started 👍🏻 |
All well down in the u.s. Think tonic now over. Just hard good numbers needed now |
Similar text- different £
hxxps://itm-power.com/news/uk-government-award-9.3m-for-gigastack-testing
May 2022 |
Despite the date - isn't that old news?
"Advancements in manufacturing techniques and equipment through Gigatest will allow ITM Power to realise a manufacturing capacity of 1GW/year by 2024 whilst maintaining the highest quality standards for the 4th-generation stack." |
 Another £7.7m from BEIS
Gigatest
Led by ITM Power (Trading) Ltd
Contract Value: £7,709,749
Gigatest will be an enabler for ITM Power to accelerate both the commercial development of its 4th-generation Proton Exchange Membrane (PEM) electrolyser stack, and its new Gigafactory manufacturing site (located in Sheffield). Through this project ITM Power seeks to commercialise the lowest-cost green hydrogen solution on the market, supporting rapid decarbonisation in hard-to-abate sectors whilst also strengthening the UK’s leadership in clean energy technologies.
As part of Gigatest ITM Power will build its first 4th-generation electrolyser stack. This follows conceptual designs developed through previous BEIS funding competitions. Following construction, the stack will undergo rigorous testing in Sheffield in representative conditions to validate the performance and in a 4MW field trial at a commercial site to validate the technology in real-world conditions, ensuring the technology is ready for large-scale commercialisation. ITM Power’s 4th-generation stack has multiple advantages over current competitors including: lower capital costs, higher current density, and a smaller physical footprint for the system. These advantages will greatly enhance the stack’s ability to operate under flexible conditions when coupled to renewable energy, therefore producing green hydrogen at the lowest cost on the market. ITM Power is confident the 4th-generation stack will be globally best-in-class, offering multiple advantages over other technology platforms, and aims to establish it as the mainstream green-hydrogen solution in the UK and global markets.
Furthermore, Gigatest will be critical to ITM Power for deployment and validation of key manufacturing equipment at its new Gigafactory. This will contribute to the enabling of semi-automated mass-production processes suitable for the components of the electrolyser stacks. ITM Power’s new Gigafactory will be crucial in ramping-up green hydrogen production in the UK and establishing the UK as a global export leader of electrolyser technologies. Advancements in manufacturing techniques and equipment through Gigatest will allow ITM Power to realise a manufacturing capacity of 1GW/year by 2024 whilst maintaining the highest quality standards for the 4th-generation stack.
Gigatest will make an important contribution to the UK’s 2030 hydrogen production target of 5 GW and to securing highly skilled manufacturing jobs in the UK.
Visit the ITM Power (Trading) Ltd website for more information. |
Currently i expected pull back from 40p with itm.But the prospects remain. The looming prospect is Trump. Can't see him being a tonic for the sector tbh |
Suffice to now say I'm not in, and as the rise gets more frothy less likely to.... then more danger of holding the baby. |
Drop like ITM? 😳 |
The share price is doing a ramp. And tbh if I'd have trusted he did day early 60s. I'd have bailed by now had I bought as it will most likely drop as fast at some point. When the syndicate decide |
No ramp
I spoke before it really started moving ask moon |
Are you watching jog moon?
Hope you have sold here and reinvested in Jog 😊 |
Don't poke the dragon... particularly after his favourite employee just been paid more correlating badly with performance |
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