Member Info for Alpha-dog

Https://www.bbc.co.uk/news/live/c9wpq8xrvd9t

The catastrophic power cut in the Iberian peninsula is a clear message that a decentralised grid makes sense. This is core to ceres power offering. It makes sense for data centres, airports and other critical infrastructure. The costs of not investing in this way are astronomical as demonstrated in the Heathrow outage just a few weeks ago.

It sure if this has been posted before but Doosan’s partnership with South Korean energy firm KOSPO looks promising for using Ceres technology.

https://www.hydrogenfuelnews.com/doosan-fuel-cell-and-kospo-team-up-to-deliver-dynamic-grid-solutions-with-hydrogen-fuel-cells/8570591/

Thanks Smokin.

On the subject of biased sources of information has anyone come across « clean technical »? Their misinformation and bias is obvious. What is not clear is who is funding them to put out the anti-H2 message? Any idea anyone?

Hygen is shortlisted for 4 projects in HAR2

ITM are preferred supplier and size of projects looks perfect for NeptuneV

https://itm-power.com/news/hygen-appoint-itm-as-preferred-supplier

https://fuelcellsworks.com/2025/04/09/clean-hydrogen/hygen-energy-secures-shortlisting-for-four-key-hydrogen-projects-in-uk-s-har2-allocation

Interesting 🤔

EDF have selected ITM for plant engineering at their Green hydrogen project in Teeside. Signed a few weeks ago.

Fascinating. With wind in the mix and intermittent nature of renewables H2 makes perfect sense. The contribution to economic growth locally is becoming appreciated and should feed into the economic case at national level.

Totally agree with sentiments expressed.

Huge volatility. Back down with market cap less than cash in hand. 🤔

ITM power currently trading with market capitalisation 10% below estimated cash in hand.

Known Figures:

• April 30, 2024: £230.3 million

• October 31, 2024: £203.1 million

→ 6-month burn rate: £27.2 million

→ Monthly average burn: ~£4.53 million/month

Estimated Burn (Nov 2024 to March 2025 — 5 months):

• 5 months × £4.53 million = ~£22.65 million

Estimated Cash at Start of April 2025:

• £203.1 million - £22.65 million = ~£180.45 million

So, ITM Power likely had around £180 million in cash at the beginning of April 2025

Nice find. Definitely ceres tech. “Steel cell”

Https://fuelcellsworks.com/2025/04/02/fuel-cells/doosan-fuel-cell-terminates-major-hydrogen-fuel-cell-agreements-worth-419-1-billion-313-million

Not specifically Ceres technology but I expect it probably is. It looks like these projects that are now cancelled were not being counted on and this is a “freshening” of the pipeline.

Clients were dragging their feet. Anyone else thoughts? Given that ceres is trading at cash in hand value can’t see that this will cause a dip. The 127MW order that still stands should deliver royalties in due course.

Https://www.hydrogeninsight.com/industrial/french-green-iron-project-to-draw-on-nuclear-for-70-of-its-hydrogen-demand/2-1-1798151

This presents a real opportunity for Ceres- if proven at scale (Shell due to start up). The waste heat from nuclear would make SOEC the ideal technology. This would fire up the share price somewhat if it happened. This is just speculation but they are looking at electrolysers. Hopefully we are in the mix.

I think SOEC may be better fit for nuclear. There is plenty of waste heat to improve efficiency. Can get 90% +

A few more Neptunes and a clear path to profitability needed before SP will turn. I’m fully expecting this to happen and holding on tight.

The logic of projects like described in Belgium is inescapable. ITM perfectly placed for this medium sized project. Another big project in the 100mw range would be ideal. 400mw per year is said to be the magic number. Still some way to go.

Todays 8mw confirmation good news and another step on the way. The range of big trusted names to have gone with ITM is very impressive and any follow on orders likely to be bigger.

Bloom use the same (or similar tech) and they have just turned first profit. SOFC for data centre is potentially huge. Some big contracts inked with Bloom. I can see no logical reason why ceres /partners should not go the same way. I think there are only a small number companies in the frame with SOFC and SOEC- Bloom, ceres, Sunfire and Topsoe. Ceres tech amongst the top. SOEC efficiency is best in the world.

There are huge tectonic forces at play here- some benign and some not so. Vested interests in the existing carbon intensive energy systems are huge. Expect turbulence. Share holders with other interests have been calling the shots in quite a few decisions in this sector.

At the end of the day ceres need their partners to push forward.

The first paragraph may be fair. The second clearly nonsense.

As with all chat GPT. Needs to be taken with a pinch of salt. Poorly referenced and could be from the lists of time.

ITM Power’s NEPTUNE V 5MW PEM electrolyser is priced at £4.35 million, equating to £870 per kW (approximately $1,090 per kW). This pricing is competitive, as a recent EY Parthenon report estimates PEM systems to range between $1,200 and $2,000 per kW.  

Furthermore, ITM Power’s CEO, Graham Cooley, has indicated that advancements in manufacturing and economies of scale are expected to reduce costs. Specifically, the company aims to decrease the price of its 10MW electrolyser systems from approximately €800,000 per MW to around €500,000 per MW for 100MW systems by the mid-2020s.  

These developments suggest that ITM Power’s electrolysers are positioned to offer cost-effective solutions in the PEM electrolyser market.

This is what chatGPT has to say on the price of ITM power electrolysers.

Fairly encouraging.

Https://www.sizewellc.com/news-views/hydrogen-bus-trial-could-lead-to-zero-emissions-travel-for-sizewell-c-workers/

Link to different report on the same project. Potential large, real world demonstration of the best of uk H2 technology. Maybe a refuelling station and a couple of Neptunes for a neat ecosystem? Decision coming soon after pilot.