For those who think Shell is going to really help human civilisation
https://www.bbc.co.uk/news/business-65820813
I have more faith in Dennis than the previous CEO in this stage of a business development. The previous CEO would have been great about 10 years ago and I'm glad he is finding some new niches.
I'm not so clear as to why the Chairman is still in employment having had a chairman's role over some pretty dodgy strategy and I'm amazed more institutions are not suggesting that he should "move on".
Now the final question needs to be to Linde, "where are the orders?"
Our expansion is taking shape! Following our recent announcement to substantially grow ITM Power’s facilities at Bessemer Park, the build is already well underway - and it’s exciting to see the rate at which the new property is being constructed.
Once completed, the additional space will unlock previous bottlenecks. We will be able to grow our volume output while reserving dedicated space for advanced R&D and robust product validation. In addition - for me personally the most important aspect - we will be able to transition from an evolved factory layout to one that is highly optimised for serial production and automation.
From Llinkedin, 4 days ago
Our customers, Yara International and Linde Engineering visited us in our factory to witness testing of a set of our state-of-the-art MEP30 stacks for deployment into Yara’s 24MW electrolyser in Porsgrunn, Norway.
Our CEO, Dennis Schulz, said: "The industrial production of green ammonia using green hydrogen will be an important step for the hydrogen economy. ITM Power is proud to have been entrusted delivering the core technology for this project."
Biden is negotiating with the GOP to get the debt ceiling raised. As we all know the Republicans are the government of big spending and the Democrats are normally small spend government (I know the Reps pretend it is the other way around but the facts on the ground are the way I say it), Biden has modified that concept and is spending a lot on green energy and this is stimulating a lot of green energy shares. But the Republicans prefer it that Democrats don't get so popular as to give money back to people (that is what Republicans do). Hence, while the debt ceiling is in negotiation all green energy shares are falling.
"To make money the investor needs to be brave when everyone else is fearful and to be fearful when everyone else is brave"
So, if you think the Republicans are going to destroy the western world in the next week. Sell. If you think a deal will be done then fill your boots.
4 GW of"green" hydrogen required.
Thanks. ;-) in adult world it means Member of European Parliament...
MEP?
The latest I can find comments is Nov 21. They have also declared another electrolyser project with another company since. Basically I don't know but why not email the CFO and find out?
I think we are on the same page, share price floor is roughly the cash in the till. Dennis is simplifying and bringing in engineering/ production standards with less flying by the seat of their pants. Now he needs to bring in the customers.
Yes, we are now entering the 120 days since Dennis gave the new strategic direction of the company. It is a fact shareholders now need to see some change.
Hence while Dennis has broadcast the good news of a shipment he needs to show a trickle of new orders which can become a stream.
If we don't see anything by the end of June then the SP will bounce along at 60p and I fear I will be losing confidence.
Https://twitter.com/ITMPowerPlc/status/1659169435100299264
Dennis comment
Not many retail buyers set auto-buy orders, a lot of numpties set auto-sell (because, despite evidence, retail think you can "time" buys)
In terms of the kontiki data, if it were just balancing a scale share pricing would be easy. But in reality it is a negotiation
What drives shares like this down is retail holders setting stops. These automatically trigger when there is a movement down. So suddenly the MMS have excess stocks on their hands. So they need to clear them. With so little trade happening the SP drops. Not manipulation, just dumb retail holders
Just picked up a few more as it drops below 70p
Ah, you are confusing a few things. 1) they were still modifying the design while they built this unit (what we call acting stupid in manufacturing circles) and 2) the date of order receipt does not always make sense compared to the acceptance date.
As many know I used to run large system installations around the world for an International business and we might get an order 4 years before we had to deliver and only needed 3 weeks in the factory to produce it. Customers have all kinds of planning/financial/political barriers to overcome and placing an order is one of the tools they use to overcome them.
The critical element to me is the time from first instalment payment or cost to final instalment payment is true test of efficient working.
Https://itm-power.com/news/two-100-mw-electrolyser-contracts-signed
https:// fill the gap itm-power.com/news/two-100-mw-electrolyser-contracts-signed