Itm Power Share Discussion Threads

[skinny] 12/7/2023 12:54

There you go :-

[grahamwales] 12/7/2023 12:43

The European Parliament has formally adopted new regulations mandating hydrogen filling stations every 200km along the EU’s core roads by 2031, as well as a second rule that will force operators of seaborne vessels to use at least 1% of renewable energy-derived fuels by 2034, bringing both targets closer to becoming a reality.

[...]

[grahamwales] 12/7/2023 12:37

Latest from Dennis


It’s like bidding farewell to a family member watching our stacks leave our factory and head to Norway, where they will be installed in Yara International's 24 MW plant in Porsgrunn.

After the RWE 4 MW pilot in Lingen, this marks the next real-world shipment of our MEP30 stacks into active customer projects.

I am so proud of the progress we’ve made!

[grahamwales] 12/7/2023 11:44

Wonder if this agreement is still in place


Sumitomo and ITM Power Announce Strategic Partnership Agreement

[skinny] 12/7/2023 10:54

A reminder of the recent TU :-

Ahead of our final results which are due to be released on 27 July 2023, we are pleased to provide a summary of our financial performance for the 12 months to 30 April 2023.

In summary, the expected unaudited financial results are as follows:



· Revenue ahead of the £2m guidance

· Adjusted EBITDA loss of between £90m to £95m, within the £85m to £95m guidance

· Net cash at the year-end of £281m, ahead of the £245m to £270m guidance

Guidance versus company-compiled consensus, which has been gathered from the investment banks that have updated their forecasts since our interim results in January, shows the following:

· Revenue of £2m

· Adjusted EBITDA loss of £90m

· Net cash at the year-end of £253m

Dennis Schulz said: "We are pleased with the progress made so far against our 12-month plan laid out in January, which aims to transform ITM Power into a highly focussed delivery organisation with volume manufacturing capabilities. Focus areas are concentrating on a core product suite, reducing cash burn, and de-bottlenecking fabrication and testing. Recently announced milestones such as the 300% planned increase in power supply to 30MVA and the decision to expand our facilities at Bessemer Park are tangible signs of progress.

We have made significant progress on organisational refinement, improving engineering and product robustness. We have shipped products to our customers, including the cubes and stacks for RWE's 4MW project in Lingen, Germany, which marks the first deployment of our newest state-of-the-art 30 bar MEP stack platform and therefore another important milestone for us.

I am particularly delighted to see our intense efforts to slow down cash consumption already proving to be effective in such a short space of time. We will provide an update on the 12-month plan alongside our final results in July."

[mj10] 12/7/2023 10:38

all the recent RNS's appear good news but not enough to excite the market as no sales are involved
I get the impression Schulz is just laying the foundations ready for the sales news to follow.Hopefully at the end of the month

[norbus] 12/7/2023 10:35

You expound good reason and logic

[skinny] 12/7/2023 10:26

Its like running in treacle!



Everyone has rights - no one has responsibilities!!

[grahamwales] 12/7/2023 10:01

Highlights the potential of hydrogen and a good read with diagrams for Vlad

[gimmethefax] 12/7/2023 09:58

I have faith in the Company, if they can keep ahead of the curve, especially in all things economical.

However, the Business Risks and Investor Risks aren't always the same.

Perhaps something more atypical is occurring, something 'unimaginable' to the modern British citizen.


Sorry to be unusually glum, probably just a few pre-update nerves getting to me. I'm sure the update will be good, for the company.

[moontheloon] 12/7/2023 09:38

There better be some extra juice with the July update. There has to be, if there isn't anything new to report it will be a red flag for me ... And others

[moontheloon] 12/7/2023 09:37

Plug do the early stage announcements our pr guy told me itm wont do.

[moontheloon] 12/7/2023 09:34

The days when each RNS had the humongous frothy List of customers at the bottom... Cooley hoodwinking era, but they may emerge and get bigger than single figure MW. The way the earth is going and feeling, it has to, and faster than current pace. I can't believe we all allow these self serving dimwits to stay in control

[skinny] 12/7/2023 09:34

Hmmmmm, talking of Australia :-

[norbus] 12/7/2023 09:28

So long as there be renewable power harvests. isolated spots , electricity grids, there will be plenty to do for ITM

[moontheloon] 12/7/2023 09:27

Who knows.plenty of hopes we now need converting/confirming

[gimmethefax] 12/7/2023 09:15

At profit - I'd be well pleased. I am pleased with what Schulz is doing - we need the update to assess the company, the plan, the strategy.

But it wouldn't change my opinion about the macro-situation, which cannot be ignored.

[grahamwales] 12/7/2023 08:23

Maybe just maybe


Rio Tinto and Sumitomo Corporation will build a first-of-a-kind hydrogen plant in Gladstone, Australia as part of a A$111.1-million (US$74.3-million) program aimed at lowering carbon emissions from the alumina refining process.

[institutional investments] 11/7/2023 17:24

That'd ok dude. You keep trying to get transactions in, and see you at 40p

II

[grahamwales] 11/7/2023 17:06

Bored now 🥱

[vlad the impaler] 11/7/2023 15:33

Graham, the focus should be ITM. Distraction pieces don't help at all...220...70......

We even see imaginary PhDs try that. Don't fall into the sub zero credibility box
Impaler