Itm Power Share Discussion Threads

[grahamwales] 09/2/2023 10:39

EKPO to develop and supply fuel cell stacks to European vehicle manufacturer

[bmel] 09/2/2023 10:20

I agree with you on 'closing the book' on some of the more exotic prospects. It is increasingly clear that many of those will never get beyond a proposal stage let along planned, engineered and funded.

It is interesting that the 'first phase' has now been recognised as a sort of 'phoney war'. Lots of chat and grand intention but not a lot of action.

Now we will see a 'phase two' comprising large projects taking shape that will be supported and delivered because they have real offtake customers and real money to fund them.

Happily Linde are one of a small group of credible bidders that can build and operate them.

[gimmethefax] 09/2/2023 10:09

I'd say the decision to stop producing those unsellable stacks and order a new tool came straight from the Linde crew.

I do wonder what Bourne thinks. Soemone else mentioned him a few days back.

He was touting the 10 MW unit years ago.

I wonder if he has been frustrated, and somewhat gagged, by Cooley for the last few years?

Or was he the lead on all these mistakes?

We don't here much about him anymore.

[gimmethefax] 09/2/2023 10:04

We should be forgiven for thinking that Nowicki was sleeping on the job.

Time makes sense of most things.


The production issue was a non-issue - incompetence.


I have personally written-off every potential and prospective contract until we hear of them again, from the Company.

The prospective list has been filed away for another day.

[bmel] 09/2/2023 10:03

US futures are up and the H2 plays are showing positive pre-market performance. Might be a positive afternoon.

[norbus] 09/2/2023 08:27

Here's another thought

Jim Heathcote raised 30 Millions at 3 pounds, boys cleaned up then sent us to hell
Cooley raised over 400 million he & boys got rich and got us back in hell
Schulz, the only professional should take us to Greener pastures.

[grahamwales] 09/2/2023 08:02

ITM Power plc 57.3% potential upside indicated by RBC Capital Markets

[grahamwales] 09/2/2023 07:54

In another move to support UK hydrogen, the Government has announced it will extend the appointment of the first Hydrogen Champion, Jane Toogood, Chief Executive of Catalyst Technologies at Johnson Matthey, by another six months.

What a complete waste of time but the government are well aware of that.

Make it look like your doing something even though your not

[grahamwales] 09/2/2023 07:52

Intended to be introduced by 2025, the certification scheme is hoped to demonstrate the emissions credentials of hydrogen, promoting cross-border trade whilst stimulating growth and jobs in green hydrogen.

By 2025 most countries will be running on Hydrogen not thinking about it.

[grahamwales] 09/2/2023 07:50

UK way to slow and spend more time thinking about hydrogen rather than doing anything. Conservatives still on the side of oil companies. ITM should look elsewhere and develop a bigger overseas.

Other countries moving much faster particularly Germany.

[5barney] 09/2/2023 07:34

Wooooosh
Up we go 120 today imo

[norbus] 09/2/2023 07:06

Does this mend Lying Cooley's breaking Dam?
He just had to dance at every wedding !
Phase II scrub up has to come
Breakaway today??

[norbus] 09/2/2023 06:36

Here's a thought

Schulz was Linde's Top link for three years since Linde's initial investment in ITM and knew intimately where things were.

In addition ILE had top level Linde executives directors filling key positions , Sales, Technical, etc

At the Meeting headed by Cooley/Allen , they both appeared badly shaken, knowing that their game was up, and Cooley must have received his P45 and a face saver to a consultancy [ IF NEEDED ]

It was a 5 month while between Cooley Hari Kiri in June and Schulz being announced as the CEO end November

Meantime, I bet Schulz made sure the correcting actions needed to turn the mess Cooley made round were achievable before he put his brilliant career on the line. I think Schulz had 7 months Plus to sketch the plan by time he announced end January

ZO, you can guarantee the proposed fixes and planning forward are practical and doable if not already achieved and ITM is in a better place than most thing , Hence RWE had the confidence to put its future bet on Green Hydrogen with ILE ..

[grahamwales] 08/2/2023 21:21

Can’t find anything to confirm that new CEO has started with Motive. Looks like they may have not gone ahead with appointment.

[gimmethefax] 08/2/2023 19:47

Stumbled across a potentially interesting hydrogen Twitter thread, which was at the bottom of that Refhyne link.

If anyone's interested.

[gimmethefax] 08/2/2023 19:35

That would take us to 368 MW contracted in 2023, should we get the contract, which I am confident is a done deal already, but like you say - production issues. We will regain confidence, I'm sure of that.

The 'production issues' are not, and were not, technical issues arising from the product, merely a lack of engineering capability and understanding at the factory.

Refhyne1 already showed them what we do. Shell understand what the issues were.


368MW is at least £184,000,000 in revenue over the next few years, for the 50:50 JV - (possibly even £300,000,000 ... wouldn't mind an update on costs and prices after the 12 month plan has been implemented)

Current revenue = £2,000,000, for ITM Power.


That is how quickly we should see things change.


It is a very good mix.

My focus is now purely political/economical, and the current situation is truly extraordinary.

[moontheloon] 08/2/2023 17:11

Nice. They know we and the sector is correcting

[theclaw] 08/2/2023 17:06

WorldQuant reduced 0.12% date 6th of February.

[grahamwales] 08/2/2023 17:05

Problem with licensing both parties will want a cut so maybe it won’t be very competitive.

I guess we will have to wait to see how efficient ITM units are as cheapest not always the most profitable for the end user

[bmel] 08/2/2023 16:47

Graham

There certainly will be a market, but it will be intensely competitive with lots of people there. There are not many barriers to entry as some of the suppliers are willing to licence their technology.

So pretty quickly it will be a low price driven, low profit per unit market. Not a place we want to be when we have the capacities and competences to be in the higher profit segments.

Our man was asked in the Q&A whether we would consider licencing - he was fast and firm in responding no.

[grahamwales] 08/2/2023 16:03

Still think there will be a market for smaller units longer term especially if more HGV and busses start using hydrogen regularly. Rather than transporting fuel around the country produce it locally.

[hurricane99] 08/2/2023 15:36

Agree moon. The fact that our smaller system offerings are now becoming obsolete shows how far the industry is moving.

[moontheloon] 08/2/2023 14:37

Break 120 would be sweet . Then the gap