Itm Power Share Discussion Threads

[moontheloon] 13/7/2023 07:28

https://www.theguardian.com/environment/2023/jul/12/hornsey-four-offshore-windfarm-given-green-light-after-five-month-delay

[sonic25] 12/7/2023 22:33

Korean Utility Taking Steps In Green Hydrogen.



"South Korea's Korea Electric Power Corporation (KEPCO) has entered a memorandum of understanding (MoU) for the 50 GW wind and solar energy powered Western Green Energy Hub (WGEH) that the Western Australian government plans to become one of the largest green hydrogen hubs in the world.

WGEH is estimated to generate around 50 GW of clean energy through some 3,000 wind turbines and 25 million solar panels in the state's Goldfields-Esperance region on Mirning Country. Spread over 15,000 km2, the project is planned to have this renewable energy powering electrolyzers to generate over 3.5 million tons of green hydrogen annually."

[grahamwales] 12/7/2023 22:31

Coming thick and fast now well done Dennis

We are beyond delighted to have been entrusted with supplying this 2 MW Plug & Play Electrolysis Unit to Linde Engineering and Infineon Technologies!

[sonic25] 12/7/2023 19:53

bp to enter German offshore wind market with 4GW auction win.



Anja-Isabel Dotzenrath, bp's executive vice president, gas and & low carbon energy, said: "These awards are a huge milestone for bp's decarbonization plans in Germany and are a strong reflection of our wider strategy. The renewable power we aim to produce will anchor the significant demand we expect for green electrons for our German operations, from a whole host of products and services including green hydrogen and biofuels production, electric mobility growth and refinery decarbonization."

[vlad the impaler] 12/7/2023 19:30

This will get hammered Thursday/Friday aggregate

Impaler

[grahamwales] 12/7/2023 15:02

U S at it again same time every day

[norbus] 12/7/2023 14:39

E by Gum. Tĥat Went Over My Head

[gimmethefax] 12/7/2023 14:17

Good news indeed - but 'T' was never the problem. It only ever appeared to be, to some, due to poor management.


'P' (we should avoid and change strategy if this is an issue - can't blame the politician).

And there I am, assuming that there is an issue. Who says there is? If Norbus gets his 300 MW, at profit, then there isn't one really is there.


But there are risks, most definitely, involving the 'E'.

But I shan't dwell on this point any longer - you have been most patient and polite - thank you.

[bmel] 12/7/2023 13:09

Excellent news. Another brick in the Schulz wall.

[norbus] 12/7/2023 12:59

YARA 24 MW SHIPPED

[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.