Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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If you don't have a functioning sales department, and your sales channels of Linde, SNAM and sHell are not doing their job then winning access to a functioning sales channel is an exciting step. I assume Dennis has been asking his existing teams what the f@@@ they are doing as well.
We're merely a few FIDs away from potentially tripling our share price within six months, suggesting this could be just the beginning for those with a long-term view.
The estimated share price range of £2.00 to £3.00 is based on the significant boost this deal gives to ITM Power's annual revenues, almost doubling previous figures and greatly improving the company's financial outlook. This large, confirmed deal will likely elevate the market's view of ITM Power, showcasing its capability to handle major projects and signaling robust growth prospects. This new revenue stream not only enhances the company’s appeal to investors seeking growth in the renewable energy sector but also supports a higher valuation, potentially allowing the share price to double or even triple from its current level in the next 6 months.
So it will be interesting to hear more about this deal (dates/price - FID) but say revenue is projected at approximately £200 million spread evenly from 2024 to 2027, and assuming all other factors remain constant, the share price could potentially rise significantly. Based on the increase in annual revenue, a reasonable estimate might see the share price reaching upwards of £2.00 to £3.00, reflecting the company's expanded financial base and growth prospects.
Great news. Maybe we will have ITM electrolysers installed in Herne bay after all.
In my view this is bigger than the shell deal. JCB hygen, Weightbus all heavily invested and committed to hydrogen. Skin in the game, so to speak.
Shell on the other hand- playing all the cards, committed to no specific electrolyser technology or company and will probably make more profit if hydrogen fails to take off.
I’m surprised SP hasn’t flown with this. I think that is more to do with market sentiment than anything else. Not very forward thinking at the moment.
I think the numbers here probably give a clear path to profitability. Cash position decent. For me this makes ITM number one H2 electrolyser company.
Well done DS. Ship appears steadied. I will be looking to top up more.
I agree, it's good to see collaboration with Bamford's outfit at last. Not necessarily a game-changer but every little helps, as they say at Tesco.
Good see Ennismore increase their shorts 2 days prior to the announcement
I've always been impressed by the Bamford family, especially Anthony's early commitment to Hydrogen at JCB. A tie up with a company involving Jo is really positive.
Nice to see a positive reaction to the RNS today. Good luck all.
Over the next 2-4 years, we're looking at significant growth with projects including 100+ MW for Shell, 200 MW for Hygen, and 200+ MW for RWE, alongside solo sales of Plug and Plays—things are certainly getting exciting
Estimated Revenue for ITM-Hygen Hydrogen Projects: £20M to £40M for Phase 1, Potentially Higher Due to Additional Costs of Plug and Play Electrolysers; £60M to £120M for Phase 2
Phase 1 (50 MW or 50,000 kW):
Lower estimate: $25 million ÷ 1.25 = £20 million
Higher estimate: $50 million ÷ 1.25 = £40 million
Phase 2 (150 MW or 150,000 kW):
Lower estimate: $75 million ÷ 1.25 = £60 million
Higher estimate: $150 million ÷ 1.25 = £120 million
Seems like a step in the right direction to me.
Excellent news. The potential here is huge.
3 days ago
This is a unique opportunity to join an industry-leading company at the forefront of electrolyser technology, expanding its global reach. Our mission is to help our customers decarbonise through the power of green hydrogen and we are hiring experienced Business Development Managers in Germany and the USA to drive our business growth.
If you are passionate about forging new business relationships and thrive in a role where every day brings new opportunities, then we’d love to hear from you.
https://lnkd.in/gn5yjXc
Two NEPTUNE containerised systems have been collected by our valued customer and are now en route to Germany.
We continue to deploy electrolysers to commercial projects in Europe and beyond, helping our customers decarbonise.
This holds true for the decarbonisation of the industry as a whole, for green hydrogen and related infrastructure in particular, and for the electrolyser market as a crucial pillar and subset.
Many OEMs (and some investors) are falling to the trap of believing this will be a sprint, and that whoever sprints faster (and more aggressively) in the beginning will win, or at least make it to the end. But that’s is not how this will go…
ITM Power’s strategic priorities reflect the dynamic between the expected long-term and near-term market development. Leveraging our superior technology, and building on our experience in real-world deployments and on our reference plants, we are focussing on readiness and flexibility, whilst maintaining a strong balance sheet. Our priorities are to:
- remain at the forefront of technology, product and delivery credibility,
- scale our operations whilst retaining flexibility and conserving cash, and
- grow our global footprint and reach whilst staying adaptable.
Bought £52.5k plugpower and £11.5k ITM. All indications are this is a massive growth industry. Share prices look battered but imcredible value IMO.
Check this out cause itm are mentioned in some of the projects also can see what's happening around the world concerning hydrogen projects.
H2v.eu/hydrogen-valleys , makes an interesting read over a coffee
I am assuming it is updated on a regular basis
GLA
Let's hope we secure the deal for the multiple 100 MW projects we're quoting for, finalise the Shell deal, and add another 10 plug-and-play units this year. If we can also announce the completion of the 200 MW project for RWE, these milestones could propel our share price well past 100 and possibly close to 200 by year-end.
Dennis is zeroing in on real results over buzz. He believes that genuine achievements, rather than hype, will build a stronger business and naturally lift the share price. While I get where you are coming from Cureboy—some hype might seem good to boost a sagging share price—it’s really about long-term value. Real success stories are what will truly reassure investors and improve our sp's health. ITM Power needs to consistently deliver on its promises to get back to 600p.
Less talk, less hype, more real world deliveries..and huge destruction of mcap. I don't doubt his capabilities but he has presided over a drop in share price from 120-50p. He could do with announcing some positivity.
Good to hear some news at last about deliveries and the prospect of a new product might give the shares a lift at some point. As ever, we have to be patient.....
Just saw on Dennis Schulz's LinkedIn that ITM will be exhibiting at this year’s World Hydrogen Summit & Exhibition, where they are set to reveal a new product. This might be the "game-changing" CHRONOS or the larger plug-and-play Neptune. Exciting!