The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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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.
Cureboy they sure as hell did not know that after that placing took place, a war would break out in Ukraine and wreck global markets, after a massive covid hangover.
...and all those institutions that ploughed in £4 during the last fundraise know nothing...
Helikon Investments know something, that is the safest assumption to make here. They know the shorting game. ITM, despite their recent positive investor presentation and vague "multi-hundred megawatt" twitter announcement, cannot get their stock price up. Perhaps Helikon know why and the reason gives them confidence to keep shorting the stock even at these low levels. No news on Shell Refyhne 2 for ITM's role either, in fact there is a black void when you try to find answers on Refyhne 2 as a whole. Project start dates, budgets etc. Perhaps bad news coming?
Concern yourself with the product, the potential, sales etc...not some some sh*tty little fund manager increasing their short by a fraction of a percent.
You might equally ask why they did not close their short as the 42.9p low.
Answer to either/both. . . . Only they know the extent of their current profit on it, their hedges etc etc.
Don’t fret about things you cannot change. We wait until Mr Schulz tells us about some new orders. Those are things he can change.
Why?
I may be wrong but my recollection is that the shell refyne 100MW deal was preceded by a rather vague notification in which the specifics were not mentioned. I expect in the next 1-2 months who and where will become clear. I suspect the keeping quiet at this stage is at the request of other commercial parties to the deal.
2020 research comparing temperature effects on fuel cells and batteries
https://fuelcellsworks.com/news/study-by-cte-cold-weather-effects-range-loss-in-winter-fuel-cell-beats-battery/
How efficient is a battery electric vehicle (that doesn't produce waste heat) in the winter? Perhaps the fuel cell car isn't quite so bad after all.
No more info at all? No names, figures or dates? Pointless and highly unprofessional. Not what I expected from Dennis. Hopefully he makes up for it by dropping a bomb of a deal on the table very soon!