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Seriously, what's with the negativity? ITM just completed a successful 12-month turnaround, exceeded revenue targets, and is on the brink of sealing a massive deal with Shell for over 100MW. We're also in talks for another significant project. Patience is key, especially with the EU injecting funds into the industry. Let's focus on the positive momentum instead of getting frustrated over minor setbacks. We're on the verge of something big here, so let's keep our heads up and stay optimistic. Im calling 200 by the end of the year, all it takes is one contract mentioned above to be signed and we're off.
Who's Harry of these itunes clips?
Cheers Jim, I'm in for another 12 months, then will need to re-consider
Wig1
Although fuel cells and the like have been around for quite a few decades now, todays 'hydrogen' industry is in its infancy. As a share holder in ITM, CWR, PHE & AFC since 2017, I do not have any over-inflated expectations of immediate riches; certainly within the next five years, although it would be welcome. These are LONG-TERM investments. One or two orders in the immediate future will not send the share price sky-high. There are a host of other considerations to take into account.
Be patient, if you can!
Beginning to lose patience, over promised under delivered IMO. Yes, great figures but in desperate need of some orders.
And this is why: https://www.youtube.com/watch?v=nZysvgm2_Aw
Say no more.....
https://www.weforum.org/people/zanny-minton-beddoes/
Too busy with war atm.
https://www.usni.org/sites/default/files/styles/hero_image/public/magazine_uploads/images/MalleyFOJan13.jpg?itok=UbRpwWrM
One of the problems with Industry is that it pretty hard to decarbonise. The Economist has an interesting article this week. Basically they used to think that for stuff above 100C fossil fuels was the route. Technology in the form of some amazing new heat pumps into the 200C and even 500C area are beginning to change this. The other technology is heat storage which is bounding forward in leaps and bounds (everything from molten tin to hot rocks) can deliver temperatures in the 1000C to 2000C range which makes glass melting well into range. Finally some clever guys have learnt how to make cement without heat, just chemicals. The world is changing and needs economic pressures to drive these technologies. Over to you "governments".
Https://www.hydrogeninsight.com/policy/german-ministry-halts-all-hydrogen-related-funding-approvals-in-wake-of-h2-nepotism-scandal/2-1-1601847
Not sure if material to ITM. Probably not, even in short term. May impact investment decisions more generally though.
"from the announcement in March until the opening in November, it will have taken only eight months to build a smart factory that sets new standards for the mass manufacturing of electrolyzers. In this time, engineers have been developing and scaling up new manufacturing equipment at the same time to fast-track production"
https://www.siemens-energy.com/global/en/home/stories/electrolyzer-gigawatt-factory.html#tblciGiB2ucHreg67HqyeANRmLXT2YxZuDUOqLictitCw9iyp6yCKy2QohazFm4qi6_mlAQ
You can always trust NASA....
https://climate.nasa.gov/scientific-consensus/
Https://www.hydrogeninsight.com/policy/where-will-it-be-cheapest-to-produce-green-hydrogen-ieas-new-interactive-data-tools-show-some-surprising-results/2-1-1559524
This is related to the IEA piece referred to below and shows that UK with wind and solar paired with presumably PEM us definitely a goer in the green H2 stakes. The results of UK « hydrogen auction » should be out soon. ITM hinted that this might be good news. They must have some confidence in the bids they are involved with. This coil potentially be a catalyst for upward SP movement.
Best not follow brave idiots on anything health.
Oh and forgot, Spain agreed years ago to not try to sell energy to Germany but only to France and Portugal (some Europe nonsense), but that deal seems to have been either cancelled or just blitzed.
Meanwhile our own brave idiots, with the option of bringing energy from Morocco to the UK decided to allow it as long as it goes the long way around (through international, Russian sub infested waters), rather than through Spain or France. Another benefit from the right wing nutters who do not understand basic business or economics.
Italy has enormous funds to spend on green (but within a tight time limit) but has put a stupidly underfunded system in to apply for the funds. France is Nuclear driven. Germany has turned off its Nuclear and has to get off its dirty coal with the Green party in government and Spain is sunny and windy with a reasonably well managed economy. QED.
Spain and \Germany seem to have the lion's share of the electrolysis projects in Europe.
Interesting, pity so many are really fossil fuel projects.
Https://www.iea.org/data-and-statistics/data-tools/hydrogen-production-projects-interactive-map
But where is the UK's "Saudi Arabia" of green hydrogen? Where is the vision?
Linde is on the list of companies for this project. It's massive!
Several projects are expected to be implemented in the near future, with various large-scale electrolysers expected to be operational between 2026 and 2028, and pipelines between 2027 and 2029 depending on the geographic area. The overall completion of projects is planned for 2029, with timelines varying depending on projects and companies.
https://ec.europa.eu/commission/presscorner/detail/en/ip_24_789
All 33 projects included in the IPCEI are highly ambitious, as they aim at developing infrastructure that go beyond what the market currently offers. They will lay the first building blocks for an integrated and open hydrogen network, accessible on non-discriminatory terms, and enable the market ramp-up of renewable hydrogen supply in Europe. This will allow for the decarbonisation of economic sectors that depend on hydrogen to reduce their carbon emissions.
If this is connected to their recent twitter announcement, then there could be some solid news coming in soon.
Well, it's certainly helpful ....
https://www.hydrogeninsight.com/production/biggest-yet-eu-green-lights-7bn-in-hydrogen-infrastructure-subsidies-from-seven-member-states/2-1-1599130
And it pushed inflation and interest rates through the roof, making lending to fund those industries very challenging. If the case for alternative energy sources being in greater demand since the war in Ukraine were true, we would be very wealthy now, and ITM stock prices wouldn't have tanked by 90%. The global economy must recover first; then we can be wealthy :)
The Ukraine war put oil & gas supplies in jeopardy, so increased the need for alternative energy sources.