Itm Power Share Discussion Threads

[meganxmas] 26/3/2024 09:20

hTtpS://www.linkedin.com/posts/itm-power_hydrogen-greentech-japan-activity-7178317281532280834-rh-H?utm_source=share&utm_medium=member_android

[grahamwales] 26/3/2024 09:18

Bit of news from Linkdin


ITM Power is pleased to announce a milestone in its collaboration with Sumitomo Corporation: the delivery and installation of a NEPTUNE electrolyser at Tokyo Gas Asia Pte. Ltd.'s Yokohama Techno Station. This unit marks the first deployment of a megawatt-class PEM electrolyser made overseas and imported into Japan.

Manufactured by ITM in the UK, and shipped to Japan, the electrolyser is now installed. After commissioning, the hydrogen produced will be utilised in the e-methane production of Tokyo Gas. This is an important milestone on Japan's journey to carbon neutrality by 2050.

Dennis Schulz, CEO of ITM Power, stated, "ITM is proud to work with Sumitomo to support Tokyo Gas in advancing hydrogen technology deployment in Japan. We are keenly observing the wider developments in Japan, such as the government’s CfD style support scheme, which could see Japan emerge as one of the most fertile countries for green hydrogen projects in the region.”

[boris cobaka] 26/3/2024 08:56

Let's hope it doesn't undercut.

[grahamwales] 25/3/2024 16:10

Hopefully green hydrogen is in there somewhere


We are extending our successful industrial gas business model into the new clean energy space.” -CEO Sanjiv Lamba speaks at CERAWeek about why we are confident in investing $50b over a decade to decarbonize our own operations, help our customers decarbonize their processes, and explore new markets. #CERAWeek

[moontheloon] 25/3/2024 07:25

Wow. As if we didn't know this the moment they announced them. Pure rhetoric, no plan, no fids. Without fid announcements, companies are going to struggle for revenue the market expects. Or has been told to expect . Frustrating. Without subsidies they won't spend a lot of money to produce something no one wants at current price levels. Seemingly the fids in China are effortless . They're ahead of us now. Maybe India. Australia.... any other country bar us. Pathetic governance.

[sonic25] 24/3/2024 22:56

Engie CEO Says EU Won't Meet Its 2030 Green Hydrogen Goals.

[norbus] 24/3/2024 11:52

Useful improved storage

[grahamwales] 22/3/2024 12:30

Germany takes a page from US playbook with new climate subsidy.



For example, a steel producer replacing coal with hydrogen might say that it requires a carbon price, or “strike price,” of €100 per tonne to be competitive. At an ETS carbon price of €50, the state would pay it €50 per tonne of CO₂ avoided. But if the carbon price later rises to €110, the company would pay €10 per tonne to the state. Contracts will be awarded through an auction process, intended to incentivise companies to submit competitive prices.

[grahamwales] 22/3/2024 09:36

Frustrated I guess due to the lack of effort by this government to actually invest in green energy projects.

Not sure it will change with new government if it doesn't then investment in hydrogen will be going to other countries and the UK will miss out on thousands of highly skilled jobs.

[grahamwales] 21/3/2024 09:56

Hence the reason I keep pushing for ITM to move operations to a country that embraces new technology and green hydrogen. The UK has never been interested in both.

[melton john] 21/3/2024 09:43

I don't need to unfilter bones to know it's the usual stuff he posts to talk down all shares. It seemed a good time to remind myself of the positives that made me invest last year and repost the following.
>
The truth is out there but you won't find it listening to serial de-rampers like Bones (filtered). I suggest filtering them and not engaging with them at all. They thrive on interaction to their streams of misery.
For an alternative view on how the company are cutting losses and improving margins, by focussing their past record of loss making business to concentrate on proven designs, just in time inventory and costing contracts, listen to this presentation from August.

They intend to become a volume manufacturer with an increasing profitable turnover paying off fixed costs and past overstocking write-offs.
According to Stockopedia figures, forecast turnover is shown as
2023 £5.23M 2024 £17.1M 2025 £49.7M
17 broker's analysts have reached this consensus, showing ITM as a hold/buy at present.
The latest trading update shows them to be on target and having a very healthy cash balance.
The list of shareholders shows, as well as institutional support: Linde, one of the largest suppliers of industrial gases who bought 100M; and a couple of wealthy individuals eg Peter Hargreaves and Lord Bamford both of whom know how many beans make five. Lord Bamford who sits in the House of Lords, just saying, made his fortune from a company you may have heard of - JCB. A big employer around here in the West Midlands and recently announced a Hydrogen powered digger presumably for use in urban areas where pollution is more of an issue. I'm quite sure if these guys chose to punt millions on ITM, they did their homework. I'm not giving advice DYOR.

[nicebut] 21/3/2024 09:31

On any metric it`s oversold...It`s not running out of money- no cash calls imminent- And yes what is the value of present orders?

The fly in the ointment is this Governments` reversal on net zero to gain a very few votes...As we know though hydrogen IS going to happen.

[grahamwales] 21/3/2024 09:23

Over 400MW of electrolyser orders £1 million per MW? 🤔

[thanatos abysss] 21/3/2024 09:07

87%?

its nearer 86.341%

[vlad the impaler] 21/3/2024 09:02

Now here is a thought

Wikileaks

[vlad the impaler] 21/3/2024 09:02

Believe it or not, 87% are fundamental dealers

They just need to know where to be deciding their thoughts

[vlad the impaler] 21/3/2024 09:01

Never advice dude. Just show them where to make decisions

[nicebut] 21/3/2024 08:59

Worst case ITM probably have just north of £210m...So it`s being valued at about c£100m if you take out the cash. Where's the value in the factory? Where's the potential? Over sold IMO.

[grahamwales] 21/3/2024 08:55

😂😂😂😂8514;

[thanatos abysss] 21/3/2024 08:53

you are out by £9.99

[grahamwales] 21/3/2024 08:47

Vlad

You must be on at leat £10 a week 😛

[thanatos abysss] 21/3/2024 08:28

beware of cheap imitations