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Https://news.cgtn.com/news/2024-04-15/Scholz-hails-Germany-China-hydrogen-technology-cooperation-1sOUBmv7M4g/p.html
No mention directly here of ceres power but Bosch, fuel cell and Chiba clearly includes Ceres. Just mood music but who knows when the Weichai Bosch and Ceres triangle will reconnect.
Volume is up too. Usually the number of trades is less than the number of comments on this board. I think this share may be unique in that regard.
I keep waiting for it to become a “meme” stock.
Joking aside, the scientific basis of this therapeutic is sound. UKHSA study adds power and credence to that.
I hope none of us really know when news is inbound. I think any substantial news has to be positive. No news though is difficult to interpret and if none forthcoming there is a likely of drift back in SP. I can’t see the UK HSA poster being worthy of a big re-rate in SP though I may be wrong.
Https://x.com/rickabright/status/1775574461233684652?s=46&t=lUUs8mZ3DzN0LONpU_7P4w
Avian flu has been around for a while and jumped numerous species but not transmitted human to human. There does seem to be a fair amount of worry about this latest development.
Pandemic preparedness vital. Synairgen needs to get over the line.
I seem to recall ITM telling us they wouldn’t be putting out RNS for smaller sales.
Having said that, this looks fairly significant. They did announce on twitter in January that they were shipping a Neptune unit to east Asia.
It does add another big name that ITMis doing business with. Totally agree with sentiment here. Onwards and upwards Dennis. Big announcements hopefully coming soon.
Re:share price
We need to remember the seismic change H2, SOFC and SOEC herald. There will be bad actors with much to lose from fossil fuel transition, both states and private individuals/companies. One only needs to look at the negative influence of fossil fuel lobbyists to get a taste of what is at stake and how far these actors may go.
It’s going to be a rocky ride. I’m not against fossil fuel companies taking a stake but beware those that are really just using « greenwash stalling » tactics.
Then of course there are the shortened, tampers and de-rampers.
Looking at ceres there has been a lot of transparency. Latest deal brings in £40+m in licence fees over 2 years. Royalties from licensing should start to flow in 2025. Only then will the business model be tested properly. Until then hold on to your seat.
Quite similar technology. Very different business models. Ceres just signed first SOEC manufacturing agreement last month with Taiwanese company. Bloom have their own manufacturing capability.
Blooms model much more capital intensive and they consequently have quite high debt. Ceres have no debt but at scale (beyond demonstrators) it is their manufacturing partners who would be closely involved in any deals.
I’m a little surprised SP hasn’t shifted with this but market seems to take little notice of future earnings potential ATM.
I saw with interest the post on twitter of the Doosan factory and its progression.
I guess if royalties and other income streams start to flow as anticipated the SP should follow.
I get the feeling there is time to see how things pan out before topping up.
FOMO was very 2021!
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.
Here’s my thoughts on P2s.
Synairgen clearly know what they want to do with these studies, yet here we are still waiting for details. Why? They have had plenty of time to work all the details out. All the while limited funds are draining away.
Speculation on my part but the only reason for being this slow is if other parties are involved. NIH, MRC, Jansen or other BP. Some kind of partnership on the P2s, particularly if pharma would be ideal and should see a bit of a re-rate in SP.
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.
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.
I take this as very good news. Totally take your point about FIDs and no guarantees but it certainly puts ITM in the top spot for this « multi- hundred MW » contract should it materialise.
Momentum seems to be with ITM currently and I like their focus- more so than plug and Nel, their main competitors.
I don’t know if you saw the statistic that more than half our renewable energy projects are owned by sovereign wealth funds. No reason UK plc can’t get in on the act.
Not sure whether it will be good or bad for our current renewable companies- Greencoat uk wind, ORIT to name a couple of the smaller ones.
They aren’t doing too well at the moment with 70% tax and unable to write off new green investment against profits, unlike fossil fuel companies. To coin a new labour song/phrase « things can only get better ».