All well down in the u.s. Think tonic now over. Just hard good numbers needed now |
Similar text- different £
hxxps://itm-power.com/news/uk-government-award-9.3m-for-gigastack-testing
May 2022 |
Despite the date - isn't that old news?
"Advancements in manufacturing techniques and equipment through Gigatest will allow ITM Power to realise a manufacturing capacity of 1GW/year by 2024 whilst maintaining the highest quality standards for the 4th-generation stack." |
 Another £7.7m from BEIS
Gigatest
Led by ITM Power (Trading) Ltd
Contract Value: £7,709,749
Gigatest will be an enabler for ITM Power to accelerate both the commercial development of its 4th-generation Proton Exchange Membrane (PEM) electrolyser stack, and its new Gigafactory manufacturing site (located in Sheffield). Through this project ITM Power seeks to commercialise the lowest-cost green hydrogen solution on the market, supporting rapid decarbonisation in hard-to-abate sectors whilst also strengthening the UK’s leadership in clean energy technologies.
As part of Gigatest ITM Power will build its first 4th-generation electrolyser stack. This follows conceptual designs developed through previous BEIS funding competitions. Following construction, the stack will undergo rigorous testing in Sheffield in representative conditions to validate the performance and in a 4MW field trial at a commercial site to validate the technology in real-world conditions, ensuring the technology is ready for large-scale commercialisation. ITM Power’s 4th-generation stack has multiple advantages over current competitors including: lower capital costs, higher current density, and a smaller physical footprint for the system. These advantages will greatly enhance the stack’s ability to operate under flexible conditions when coupled to renewable energy, therefore producing green hydrogen at the lowest cost on the market. ITM Power is confident the 4th-generation stack will be globally best-in-class, offering multiple advantages over other technology platforms, and aims to establish it as the mainstream green-hydrogen solution in the UK and global markets.
Furthermore, Gigatest will be critical to ITM Power for deployment and validation of key manufacturing equipment at its new Gigafactory. This will contribute to the enabling of semi-automated mass-production processes suitable for the components of the electrolyser stacks. ITM Power’s new Gigafactory will be crucial in ramping-up green hydrogen production in the UK and establishing the UK as a global export leader of electrolyser technologies. Advancements in manufacturing techniques and equipment through Gigatest will allow ITM Power to realise a manufacturing capacity of 1GW/year by 2024 whilst maintaining the highest quality standards for the 4th-generation stack.
Gigatest will make an important contribution to the UK’s 2030 hydrogen production target of 5 GW and to securing highly skilled manufacturing jobs in the UK.
Visit the ITM Power (Trading) Ltd website for more information. |
Currently i expected pull back from 40p with itm.But the prospects remain. The looming prospect is Trump. Can't see him being a tonic for the sector tbh |
Suffice to now say I'm not in, and as the rise gets more frothy less likely to.... then more danger of holding the baby. |
Drop like ITM? 😳 |
The share price is doing a ramp. And tbh if I'd have trusted he did day early 60s. I'd have bailed by now had I bought as it will most likely drop as fast at some point. When the syndicate decide |
No ramp
I spoke before it really started moving ask moon |
Are you watching jog moon?
Hope you have sold here and reinvested in Jog 😊 |
Don't poke the dragon... particularly after his favourite employee just been paid more correlating badly with performance |
Hope you got into jog moon |
Especially with AA as VP of strategy 😱 he has to have something on someone. I think a silent golden handshake would have been more palatable!😳 |
Oh that!
Shell obliged .Philips 66 may follow |
As good as IR turning into head of sales |
So he wasn't an accountant after all! Makes sense now haha |
Cry, definitely cry. Wt actual f.Think he may have some dodgy pics of the chairman, taking after his name. |
Not sure wether to laugh or cry
Andy Allen
I’m happy to share that I’m starting a new position as Vice President Strategy at ITM Power (LSE: ITM.L)! |
Just looking at the last few months it looks like there could be an awful lot about to arrive from ITMs pipeline.I counted 14x Neptune V units ordered in 2 months (70Mw). We also have the 500MW capacity reservation from a big (unnamed) player but granted that hold runs until 2028.I've added as it feels like there could be more news just around the corner. Just a gut instinct at this point but if right it will be one hell of a ride. |
Is he that's good, I know there was that fake news about that doing the rounds a couple of years ago |
musk is developing hydrogen cars will start production in mid 2026 |
What do you think of the lunacy of musk supporting Trump... and part of the government...? He doesn't like hydrogen... yet. Rest of market will get Trump boost no doubt, but we do have figures due out late January which should be positive... wish we didn't have the u.s intangibles on top |
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