Plutus Powergen Share Discussion Threads

[rhug1966] 13/7/2018 17:34

ISA, I am doing my research. PPG has only made a full year profit once in its history. I expect this year will be the second. However, you implied that the SPVs were part of PPG and they are not.

[pbanus] 13/7/2018 16:38

@isa2020, last year the directors took out £738K as salaries and £766k the year before between the four of them. The directors should take a haircut on that this year.

[isa2020] 13/7/2018 14:40

PPG, charge a minimum fix fee apx £150,000 per year£900,000 in site management fees for 6 sites, DYOR

[rhug1966] 13/7/2018 12:42

Attune and the other 5 SPVs are making the profit not PPG. The rest is speculation until we hear news.

[isa2020] 13/7/2018 08:15

PPG have120MW already up and running. (company is making profit) 60MW going online shortly (at various stages of development)200MW going forward with a large provider and working with LDTThat 400MW in total Drax produces 1,300 MW (4% UK power) PPG about third of that, so just over 1% UK power - once PPG gets traction a lot more small sights will be planned. I would expect sites in Northern Ireland, and Southern England due to the possible issues with the 'interconnect' next year DYOR

[bmcb5] 12/7/2018 11:41

My pleasure. If you google Vehicle to Grid, or V2G, there's plenty of info out there

[petersinthemarket] 12/7/2018 10:46

>bmcb5 - tks for article - completely new concept to me - I'm still a petrol head.

[bmcb5] 12/7/2018 10:21

I was at the presentation mentioned here, and he definitely talked about the detail i mentioned above

[bmcb5] 12/7/2018 10:17

Hi Peter

There will be commercial terms which mean the owner of the battery gets paid for providing that service. All sorts of clever dev going on, including being able to set a time at which the battery must be full, and applying limits to how much you are willing to discharge. The controllers can then respond to grid requirements, automatically, recorded on blockchain, and earning a nice revenue stream for the owner.

I'll try to dig out some articles

[petersinthemarket] 12/7/2018 10:13

>bmcb5 - Smart charging I get, but smart discharging? Have I got this wrong? Who on earth is going to leave a car plugged in if they know their battery power is being robbed?

[bmcb5] 12/7/2018 10:05

That's another woolly paragraph of marketing spin, which promises little, and will likely deliver nothing, imo. They are not leaders in this space.

[nw99] 12/7/2018 09:57

This is another interesting and potentially profitable step in our corporate development and marks the continuation of our successful partnership with LDT and entry into the fast-emerging energy storage arena. We have been looking at the potential for energy storage for some time, and the technology is reaching a stage where it has the possibility to become a reality. This opportunity will add to our capability to enable us to supply energy more efficiently and provide solutions to the low inertia and intermittent green energy upon which the UK is increasingly depending.

[lilah1] 12/7/2018 09:30

Spot on, 14 months of over promissing and very much under performing

[bmcb5] 12/7/2018 09:06

Electric vehicles aren't a benefit to the likes of PPG, they're a threat imo.

The increased generation requirement for this kind of volume does not come from short term peaking plant, it comes from baseload plant.

The short term imbalance which the likes of PPG currently help satisfy, could in the future be provided by electric vehicles. Smart charging whereby the vehicle batteries could either be charging or discharging, depending in current grid requirements, is where the development focus is atm. This will replace some of the market in which PPG operate

[nw99] 12/7/2018 08:57

Fintan Slye, of National Grid, said the growth of electric vehicles is one of the major trends in the system operator's scenario planning which is used within the industry to inform decision making."We are already operating in an exciting period of change – a trend which is set to continue, certainly up to 2050 and beyond," he said, meaning that National Grid's work balancing energy supply and demand "will become increasingly complex".National Grid expects "smart" energy use, which uses digital algorithms to charge and release energy from storage at the most cost effective time, will play a major role in shaping the energy system by the end of the next decade.

[pbanus] 12/7/2018 08:32

Given the large amounts of money the directors are taking out of the business in terms of salary and interest on the loan, they deserve the scrutiny they are coming under.

The Chairman appears to fame himself on being The Fundraiser, talked a great deal about it but has so far failed to deliver. If you are going to make exhuberant announcements to the market, make sure you can deliver them. Share prices are built and destroyed on expectations. Their naiveness has trashed the share price this year. Long term holding or not, we've seen some schoolboy errors from the directors.

[maybesum] 12/7/2018 08:05

Sounds like a lot of hot air to me....so funding has still to be arranged which is what we all thought anyway.

[nw99] 11/7/2018 22:32

Why bother as I told you before sell up and leave if you don't won't to make any money .

[2pablo] 11/7/2018 22:20

Jamie - great that you've spoken to mgmt and have some positive things to report. £125m that is a massive sum especially with little or no dilution. perhaps they should have had lower ambitions but that will be fantastic when it comes in.

[montynj] 11/7/2018 18:26

lilah1....its boring your daily whinge...i sympathise with you but no need to daily tell us...

[lilah1] 11/7/2018 18:07

They have been trying to bring together funding for the last year but not succeeding, they say complicated but how about the deal isnt working due to the way they are structuring it. Complicated is just a word to say they still haven’t been able to get the funding

[montynj] 11/7/2018 13:12

Thanks Jamie...that has certainly been my impression too when I've spoken to management..thats why I'm happy to wait..