Itm Power Share Discussion Threads

[sambocoole] 16/7/2024 07:35

Another 8MW reserved today.

[moontheloon] 16/7/2024 07:30

A rns saying an order representing £4m in 2025 would be more beneficial to shareholders in a costing capacity too... we don't know what's going to come from these reservations or financial implications? Suppose we have to just cope with jam tomorrow

[onehanded] 16/7/2024 07:12

Looks like £1 coming. Do expect a bid at some time. This year going to be a big re-rating….

[moontheloon] 16/7/2024 07:10

BP joint venture takes final investment decision on Scottish green hydrogen project https://www.hydrogeninsight.com/production/bp-joint-venture-takes-final-investment-decision-on-scottish-green-hydrogen-project/2-1-1677579That's a fid is it itm?

[moontheloon] 16/7/2024 07:07

Doesn't anyone actually order anything these days. And pay up. Then itm knows where they are... and shareholders as although great these réservations have a chance of not materialising?

[bloomberg2] 16/7/2024 07:05

16 July 2024ITM Power PLC Capacity reservation ITM is pleased to announce that we have signed a capacity reservation with a large utility company, under which our customer has secured future production capacity for NEPTUNE II units.NEPTUNE II is our 2 MW containerised plug & play electrolyser system, which incorporates our state-of-the-art TRIDENT stack platform.The reservation covers four NEPTUNE II units to be manufactured in the 2025/2026 calendar years for a project in the UK.The project, for which HAR1 (Hydrogen Allocation Round 1) funding has already been secured, expects the Final Investment Decision (FID) by our customer in the 2025 calendar year.Dennis Schulz, CEO ITM said: "This capacity reservation is the result of an intense qualification process by a large industrial player who is keen to buy a safe, reliable and cost-competitive solution. Data gathered from plants in operation were a key differentiator."

[mj10] 16/7/2024 07:03

and there is more

[skinny] 16/7/2024 07:00

ITM is pleased to announce that we have signed a capacity reservation with a large utility company, under which our customer has secured future production capacity for NEPTUNE II units.

NEPTUNE II is our 2 MW containerised plug & play electrolyser system, which incorporates our state-of-the-art TRIDENT stack platform.

The reservation covers four NEPTUNE II units to be manufactured in the 2025/2026 calendar years for a project in the UK.

The project, for which HAR1 (Hydrogen Allocation Round 1) funding has already been secured, expects the Final Investment Decision (FID) by our customer in the 2025 calendar year.

Dennis Schulz, CEO ITM said: "This capacity reservation is the result of an intense qualification process by a large industrial player who is keen to buy a safe, reliable and cost-competitive solution. Data gathered from plants in operation were a key differentiator."

[bloomberg2] 16/7/2024 05:37

SSE and TotalEnergies step up pace https://www.thetimes.com/article/b72de0e2-6423-4800-834b-aca34d881ce6?shareToken=f990f35e2c9285356c33d42b6df08ee7

[baldrick1] 15/7/2024 23:44

Are we going to see the 50pish again??

[nicebut] 15/7/2024 16:06

Nor I suspect had Barnes4 and his shorting brigade...

The good news is the mood is changing and buyers are returning- Frankly who cares what happens to the shorters...Many are probably a long hedge anyways and unlikely to move..

[grahamwales] 15/7/2024 15:13

Didn’t realise FID has already been given on the first 200mw for Lingen.

[grahamwales] 15/7/2024 14:11

Hopefully get confirmation of the FID for lingen soon.

[grahamwales] 15/7/2024 13:42

In the words of Peter Gabriel

Shaking The Tree

[bjfanc] 15/7/2024 13:28

All the pieces are coming together

[moontheloon] 15/7/2024 13:26

This a u.s election issue? Uncertainty and Trump being a gas guzzler?

[sambocoole] 15/7/2024 13:19

Like Wow RWE LINGEN 300MW got German Gov funding



RWE further ROSTOCK ELECTROLYSIS 100 MW might also be us. Not sure yeto

[grahamwales] 15/7/2024 13:05

Some news from RWE CEO as well 🥳🥳🥳


Today is a big day for the ramp up of the hydrogen economy – a key element of the energy transition! RWE and other companies have received grants from the German federal and state governments to develop large-scale hydrogen projects.

RWE has been awarded grants for two projects. They are part of the GET H2 initiative, a unique integrated approach along the entire value chain. Several partners are planning hydrogen production, transport as well as storage infrastructure – a huge effort for the decarbonisation of industry. RWE will receive funding for the construction of a 300-megawatt electrolysis plant in Lingen, Lower Saxony, which will be one of the largest facilities in Europe. The second project is our storage facility in Gronau-Epe, North Rhine-Westphalia, which will help to buffer the fluctuating production of green hydrogen.

Furthermore, we are also part of a consortium that is working towards the construction of a 100-megawatt electrolysis plant in Rostock. This is another project that has received a grant.

The EU has certified all the projects as “Important Projects of Common European Interest” (IPCEI), which was the basis for the funding commitments. I am very happy that we are moving forward, after more than three years, more than 1,000 pages of documents and countless hours answering detailed questions. I think we can all agree that there are opportunities for speeding up such bureaucratic processes on a European level to uphold Europe’s competitiveness. For today, we can celebrate that the ramp-up of the hydrogen economy is now underway.

[barnes4] 15/7/2024 12:39

A really exciting week this is 😂😂

[moontheloon] 15/7/2024 10:34

So hydrogen down day? Nothing goes up perpetually ...

[skinny] 15/7/2024 09:37

Blimey, a FID :-