Itm Power Share Discussion Threads

[clabburn] 01/2/2023 16:44

£2m is certainly low and reflective of the fact they havent been able to ship their product. No-one here is denying that the company made a mess of the past 2 years. Leuna and Yara though are perhaps worth £8-10M each (rough estimate as pricing isnt disclosed) and they have a factory with potential to do dozens of projects this size every year. That's what people are buying into with ITM.

[grahamwales] 01/2/2023 14:44

If Dennis can turn ITM around then my bet he will be the next CEO of Linde engineering.

[5barney] 01/2/2023 14:34

This old soldier is back on board. I reckon Dennis could well be the saviour
Even my itm negative bother said he’s left a top job for this
He must know something is coming

[grahamwales] 01/2/2023 14:15

ENGIE and Equinor have decided to sign a joint development agreement (JDA), progress H2BE to the next development phase and further mature towards concept selection in 2023.

[grahamwales] 01/2/2023 13:46

Private shorters going to be left holding the baby as more of the hedge funds switch to buying

[topazfrenzy] 01/2/2023 13:41

ps: opium is not snorted fyi lol

[topazfrenzy] 01/2/2023 13:41

turning turnips around is not an easy task, all I'm saying is that the next update could see this decimated if a massive turnaround is not materialising, hopium is all there is for now ...

£2m revenue is pretty pitiful, whatever measure you use for a company with this valuation

[grahamwales] 01/2/2023 13:30

As Dennis said yesterday he is not a fanfare person. Straight to the point with no bells and whistles.

If he has something to announce he will otherwise don’t expect any ramping like we do 😁😁😁😁

[grahamwales] 01/2/2023 13:16

Just been looking at employee quotes regarding plug on indeed.

Their goals are way over capacity and technical issues are their greatest abundance.


Leadership is focused singularly on revenue and, as a result, product quality suffers

[alpine9] 01/2/2023 13:02

Possibly why there is not more fanfare than expected. Would imagine it's coming though.

Extract from RWE news page and link at the bottom:

With almost two years left until the target date, GET H2, one of the most advanced hydrogen projects in Germany, is picking up the pace. RWE has ordered two 100-megawatt proton exchange membrane (PEM) electrolysers from Linde Engineering, the world’s leading industrial gas plant engineering company.

RWE plans to commission the first of the two plants in 2024 on the site of its gas-fired power plant in Lingen. The second plant is scheduled to start operating one year later. The two electrolysers are part of RWE’s efforts to build a total of 300 MW of electrolyser capacity in Lingen by 2026 as part of GET H2. Using electricity from renewable sources, the electrolysers will produce green hydrogen for industrial customers.

As production of electrolyser stack modules of this size takes several months, they must be ordered well in advance. GET H2 is one of RWE’s four hydrogen projects that have been shortlisted for funding for ”Important Projects of Common European Interest“ (IPCEI) since May 2021. Approval by the EU Commission under state aid law (notification) is pending for funding by the German government and the state of Lower Saxony.

Nevertheless, RWE has now placed the order to ensure that the commissioning dates in 2024 and 2025 are still achievable in the event of approval under state aid law. These deadlines would be impossible to meet if there were further delay.

This does not yet imply a final investment decision. It is therefore all the more important for RWE to receive the notification soon.


hxxps://www.rwe.com/en/press/rwe-generation/2023-01-31-rwe-orders-two-100-megawatt-electrolysis-plants-for-get-h2-in-lingen/

[clabburn] 01/2/2023 12:59

That's true of every company. They announced yesterday a signed contract with Linde probably worth £80M or so to ITM for a cast iron project backed by EU funding. If they cant get the product working reliably and sell it for a profit, I agree that the future for ITM looks bleak. Long term investors here are taking the view that they can do both of those things and have a golden opportunity to grow into a billion pound FTSE 100 company. We should begin to find out in 12 to 18 months when they ship product to Leuna and Yara and we can see gross margins for ourselves.

[grahamwales] 01/2/2023 12:58

Is there any other electrolysers from the competition actually working in the market at the moment?

[moontheloon] 01/2/2023 12:35

It's time the government weighed in the same weight as the u.s. and EU. Lagging to caught up in their own dirty sleeze.

[moontheloon] 01/2/2023 12:34

Need to break past the 106 mark... And the previous trading pattern ...

[skinny] 01/2/2023 12:28

But then again.....

[skinny] 01/2/2023 12:14

I've mentioned this before - it maybe of interest to those that want a broader exposure to the sector generally.




free stock charts from uk.advfn.com

[norbus] 01/2/2023 10:30

CONFIDENCE is everything when orders are made in Utility Grade, expensive, must have, new technology plant.

Operational , years in the field, reference sites like ITM @ Thuga @ Refhyne , @ Leuna, @RWE, @YARA @ W/Australia are unmatched

Management , Balance Sheet, Partners, all add grist to the mill

Q? will FF/WA have the balls to get in the ILE queue now?