Itm Power Share Discussion Threads

[cerrito] 15/12/2022 17:20

As a CWR shareholder I was interested in his comments on solid oxide where he seemed less gung-ho than CWR.

[vlad the impaler] 15/12/2022 17:18

Hello all

It’s me. Vlad

I’m back

[cerrito] 15/12/2022 17:15

Hurricane99
Thanks for that extract.
A good explanation but I could not help but think that this person would have a great future in politics.

[skinny] 15/12/2022 16:54

Uncrossed 369,717 @91.12 on comparatively low volume.

Shorts unchanged @5.88%.

[hurricane99] 15/12/2022 16:14

Extract from the presentation:
I got an inbound question on your view on electrolyzer technologies, and you have a relationship with ITM, but is Linde somewhat agnostic to the technology? And I think it's relevant here that your New York project that you announced recently, I believe, is with not just PEM, which I'm not sure one could argue with a steady source of power, maybe [indiscernible] might be more logical than PEM, but it's also not ITM. It was Cummins, if I understood that correctly. So does this reflect maybe a broader view?
And maybe I'll just add one more point on that. My understanding is your project in Leuna, Germany is capable of evaluating various electrolyzer technologies. So what is your view on that breadth of green hydrogen sourcing?

Right. It's a good question. I mean, in many ways, it's a developing and evolving kind of segment, right, is the electrolyze system. Nobody is producing hydrogen at scale today. You mentioned Leuna.
We're in the process of commissioning a 24-megawatt electrolyzer, PEM-based electrolyzer in Leuna, which is based on ITM technology, which is a very good technology. We have a stake in that company. So we believe ITM Power's technology and the joint venture we have with MILE is a great vehicle for developing PEM applications going forward.
As you said though, at the same time, we have a PEM project in New York, that's going to be 35 megawatts. In that case, it's Cummins. To some extent, that's because maybe different regions, different codes, things like that. So we're looking at Cummins for that location, primarily because it's an American-based project. In terms of PEM versus alkaline, alkaline typically baseload, steady power, that's where our client has a good fit.

But there are other things to take into account when looking alkaline versus PEM and part of it is the footprint, a smaller footprint with PEM typically. We also don't have to handle the caustic chemicals, et cetera. So there's different factors to take into account when you're looking at which one to choose.
But also, we are looking at some projects where we'll be using alkaline, pressurized alkaline for instance, where some applications are better suited to that. So from that perspective, when we're looking at projects around the world and green projects, we look at a lot of different factors and make the decision whether to go alkaline or PEM, whether they're ITM. And so we're just using what is the best fit for the best application - for the application at that particular
time.

But we do believe PEM is maybe the one step beyond alkaline in terms of where we think it's going to go. It's the technology of the future. At the same time, we're also looking at solid oxide. We think that may have a role as well in some applications where you have some high temperature and waste heat available. Coupling that with SOEC, we think will be a good combination. So we are also doing some development work around that as well. So the key thing is to make sure we have a portfolio of technologies to use. We can pick the right one for the right application. And we aim to have the most efficient, lowest total cost of ownership kind of capability for producing green hydrogen going forward.

[skinny] 15/12/2022 16:08

You were saying :-

[grahamwales] 15/12/2022 16:00

Bye then 👋

[windingroad] 15/12/2022 15:20

This was the 5th or 6th most shorted share when I looked at this a few weeks back. Now it's the third most shorted on the stockmarket. The hedgefunds have got this share in a headlock, actively trading it down between them, and it seems to me there's no way it'll be doing anything other than going down unless there's some dramatic news on the revenue side.

[gimmethefax] 15/12/2022 14:44

They basically already did, they announced a couple of 100 MW during a recent (2022) presentation, without providing much detail.

When they informed us all about the 10 MW product.

But like you say, they are not ready to say anything else yet.

[norbus] 15/12/2022 14:31

Wow. Maybe that's where you will find Wally!

[gimmethefax] 15/12/2022 14:31

While they sort all of this stuff out, H2 production at point of use is the key market. Somebody reminded us of this recently.

Point of use.

H2 Transmission.

Shipping.

[grahamwales] 15/12/2022 14:29

Goes on to say Linde will be announcing some large projects but only when they are ready to start.

[grahamwales] 15/12/2022 14:25

Skinny any chance you can put it as header before it disappears into the black hole of ADVFN

[grahamwales] 15/12/2022 14:24

Unable to copy and paste from the meeting so if anyone is interested in ITM I suggest you might want to read it lol

[grahamwales] 15/12/2022 14:23

So from Hurricanes post I take it Leuna is currently being commissioned and Cummins had to be used due to being in America.

[gimmethefax] 15/12/2022 14:22

For info:

PLUG Short Interest is over 15% ,

... and ITM are the ones with the tooling problem?

[moontheloon] 15/12/2022 14:21

From that it can only be beneficial

[gimmethefax] 15/12/2022 14:17

You mean this one?



Hurricane found a readable link.

[norbus] 15/12/2022 14:12

Shame the narrative posted by GW of the Linde presentation to Bank of America disappeared !

[gimmethefax] 15/12/2022 14:03

Nothing official I don't think, but I'm sure GW will find it when it is made public.

[moontheloon] 15/12/2022 13:49

Anything from eu yet ? Important day

[grahamwales] 15/12/2022 13:47

Nice one hurricane quite a lot of detail there. Great job