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I want to see ITM, CWR & AFC succeed, I'm just pointing out with new technology coming along. How it changes yhe picture overall. The best & cheapest places to produce green hydrogen cheaply is in places such as Saudi Arabia & places that get alot of sunshine & wind . It is then shipped to places like Europe & the UK. Then the Ammonia is cracked back into Hydrogen were it is needed. It is way to expensive to produce hydrogen from green technology like Solar in Europe & the UK. Ammonia is now the carrier fuel of choice to ship Hydrogen that is converted into Ammonia in hot countries then converted back into Hydrogen in not so hot countries.
As always it depends on where the start point is for costings. How about starting the point that hydrogen has to be produced to manufacture the ammonia.
Constructivenews, once again if AFC's tech is so amazing, why is that not reflected in the stock price? You keep ranting about their cracker technology but it appears that there are only cracks in your theory that somehow ITM are in trouble.
Just stating the facts !
Shock, negative as per usual.
You need to use 1 mega watt of power from the grid to make 400kg of of fuel grade Hydrogen. With Afc Energys new moduler cracker technolgy you can produce the same amount of Hydrogen (400kg) using only 5% of the power. That is 95% cheaper. Also the new Cracker Technolgy on Afc energy is moduler & Scalable. This means Ammonia can be cracked into Hydrogen where ever its needed. You only need to produce the amount you will use. To make Electrolysers work, such as ITM's it is very expensive & you need to produce vast amounts to make it viable. It then needs to be transported to where its required. This increases the cost even more. Afc Energys new Moduler & Scalable Ammonia to Hydrogen cracker means it can be used on Ships, Trains, docks Airports, Trucks,Buses, Cars & a vast number of other uses. I was going to say, it's not rocket science to see the savings & convenience of cracking Ammonia into Hydtogen exactly where its needed. But it probably is racket science.
I'm very intrigued by what Helikon considers convincing evidence for shorting ITM, given all the heavy government investment in the industry.
The proposal to repurpose Britain's underutilized tunnel network for hydrogen transportation is not just a testament to innovative thinking but also aligns with the global shift towards sustainable energy solutions. As the UK government lays down substantial financial groundwork for hydrogen projects, the call for rapid investment in homegrown hydrogen production has never been more critical. This strategic move not only promises to accelerate the decarbonization process but also positions the UK at the forefront of the global transition to cleaner energy sources.
https://bnnbreaking.com/breaking-news/energy/repurposing-britains-hidden-tunnels-a-leap-towards-national-net-zero-goals
A bunch of Brazilians visited the plant this week.
Beware of Constructive News. A basher on the AFC page and bashing ITM also.
Potentially very important for ITM if it pans out as expected.
Thanks Jeff
The share price will be a hell of alot higher by end 2024 & even higher 2025.
Wondering where you been as the SP dropped from the 20s to the 15s when you were certain the cracker would take it to new heights.
Yes just look at the AFC share price, that tells me how amazing their technology is. (Not)
Lol
And where does the green ammonia come from?
Afc Energy breakthrough, New Ammonia to Hydrogen cracker only uses 20% of the power verses an Electrolyser. It is also ready to use in minutes !
250MW of electrolysers and a 200MW hydrogen power plant in Whyalla, backed by A$593m ($374m) in subsidies through its Hydrogen Jobs Plan.
The South Australian government today agreed to supply a 250MW green hydrogen hub to Liberty Steel's Whyalla steelworks, with Linde as the chosen supplier. Simultaneously, it announced an accelerated net zero target for 2027, advancing from 2030. This move seems linked to ITM's recent announcement about a project of similar scale, hinting at a potential contract signing soon..
Https://www.gov.uk/government/news/boost-for-uk-hydrogen-as-government-backs-world-leading-industry
Today, we hosted a delegation of Brazilian government officials and business leaders at our factory in Sheffield.
Organised by UK in Brazil and Department for Business and Trade, this visit offered a valuable opportunity to showcase our bustling factory and discuss how green hydrogen will complement the abundant renewable resources in Brazil.
The delegation’s commitment to exploring renewable energy and green hydrogen solutions was tangible, and underlined by Brazil’s aspirations to have pilot projects in all regions by 2030 and to be a globally competitive producer of green hydrogen by 2035.
Jeff
I agree with you generally. I am an optimist and sincerely wish to see ITM and other hydrogen shares succeed.
The problem with a lot of investors is their impatience which, I see as a reflection of society as a whole. A couple of contracts won may be good for the sp in the short term but will lead to the inevitable slide shortly thereafter.
My point is that it will take a good few years for the sp to become stable and that will only happen with increasing and regular contracts. We are not at that stage yet because the industry is just establishing itself.
Dennis Schulz's recent statements hint strongly at imminent rapid growth for ITM without explicitly breaching any legal boundaries. It's time to acknowledge the signs and anticipate significant expansion ahead.
Disagreeing with the sentiment that a few contracts won't significantly impact the shareprice seems shortsighted, especially given recent market reactions. Take Fusion Fuel's example, where just an announcement of EU support for a 620MW green hydrogen factory led to a 400% spike in their stock price in a single day, despite retracing later. Reflecting on their share price journey from £0.50 in November to £4.00 post-announcement, it's clear that impactful news can indeed lead to substantial market movements. In the context of ITM, securing a few hundred million-pound contracts could very well trigger a similar or even greater surge, given its positioning on AIM, a market known for its volatility. The potential for rapid gains or losses is inherent, but it's the breakthrough announcements that often catalyse significant shifts in valuation.