Member Info for Doyezee

And it’s no coincidence Larry has retired with immediate effect IMO

I agree Phimx. Very disappointing and I think the market will punish at open. It’s all been built up and up and up and whilst everyone is on the precipice of the ‘explosively positive RNS’, the company deliver news of delays which appear to push everything back 6-12 months. Ultimately, anyone can talk a good game and throw numbers around but then it’s all about execution and IES BoD have failed on that shorter term target. Not looking forward to the open but I will add significantly on any real share price weakness. My medium term concern will now be whether or not the company will have sufficient funds to get to cash flow positive/profitability without a further round of funding next year. Really really disappointing

Thank you, really positive for the sector 😁

Can you supply a link to the news please?

The fact that IES recently secured more than £50 million in investment provides me with a great deal of confidence that patience is all that is needed here as no one (or multiple) investor puts such sums of money into a company like IES without being very confident about the future path and growth of such a company. Just add at the low SP when you can and sit is my advise. No guarantees of course but are there any in life!!!!!!!!! GLA

I topped up with another £2k’s worth this morning at these levels. GLA

What an absolute dog of a company this is regarding share price and shareholders. FFS BOD’s, pull your fingers out and show us some real signs of life, leadership and execution and dare I say, sustained upward direction in the SP!!

Of course you did wild tiger, what do you want - a medal?!!!

Nobody cares and what difference does it make to anyone else if and when you do get it in or out!!!!!

Could Blackrock make a counter bid or try to stop the buyout approved by the BOD?

Thanks for highlighting this V-i-s. I have voted against resolutions 5&6.

Great to see a healthy rise in the SP recently and I 🙏 we’ve seen the absolute bottom now and in particular, will get a significant rerate once Mistral really gets going. GLA

Love you BBN - couldn’t have said it better myself! 😁

Well the recent £55 million + invested in IES says that those investors were mightily impressed with IES and its future so just got to be patient here and once the penny drops to the masses, the good times will flow!!!!!!

I like this from Larry too 😁:

We welcome our new investors as we focus on progressing toward positive cashflow with a compelling new product and a low-capex strategy for delivering it at scale into a market hungry for energy storage.

32.5 mwh shipped in last 12 months but 170% increase in total global pipeline of commercial interest to 6.6 GWh as of 17 June 2024. Just the beginning!!!! 😁

Pt 2

for years — if not declining in some regions.

In the US, power demand is expected to grow by 40% over the next two decades, compared with just 9% growth over the past 20 years, according to John Ketchum, chief executive officer at NextEra Energy Inc., the world’s biggest builder of wind and solar energy that isn’t backed by a government. Data centers are the biggest reason for that demand boom, Ketchum said, citing electrification and manufacturing as other factors. Asked why data centers were suddenly sucking up so much power, his answer was blunt: “It’s AI,” he said, citing the energy needs for training models and also the inference process by which AI draws conclusions from data it hasn’t seen before. “It’s 10 to 15 times the amount of electricity.”

Very interesting article on Bloomberg which for me just demonstrates the massive potential and need across the globe for VRFBs and if Mistral is the game changer that IES are touting, the future’s looking incredibly bright for IES if they can really scale their tech through partnerships/licensing agreements. GLA

The energy supply can’t come soon enough for DataBank, the data center provider that owns the Virginia facility. An unnamed "big tech" client leased the entire facility and was so eager to tap into the complex to access computing resources for AI applications that it had servers ready in the building before DataBank was scheduled to have electricity for them.

“That’s the thing with AI. They need a lot of power and as soon as you have it, they want it right away,” said James Mathes, who manages some DataBank facilities. “Right now, it’s like a blank check for AI."

The almost overnight surge in electricity demand from data centers is now outstripping the available power supply in many parts of the world, according to interviews with data center operators, energy providers and tech executives. That dynamic is leading to years-long waits for businesses to access the grid as well as growing concerns of outages and price increases for those living in the densest data center markets.

The dramatic increase in power demands from Silicon Valley’s growth-at-all-costs approach to AI also threatens to upend the energy transition plans of entire nations and the clean energy goals of trillion-dollar tech companies. In some countries, including Saudi Arabia, Ireland and Malaysia, the energy required to run all the data centers they plan to build at full capacity exceeds the available supply of renewable energy, according to a Bloomberg analysis of the latest available data.

By one official estimate, Sweden could see power demand from data centers roughly double over the course of this decade — and then double again by 2040. In the UK, AI is expected to suck up 500% more energy over the next decade. And in the US, data centers are projected to use 8% of total power by 2030, up from 3% in 2022, according to Goldman Sachs, which described it as “the kind of electricity growth that hasn’t been seen in a generation.”

Globally, there are more than 7,000 data centers built or in various stages of development, up from 3,600 in 2015.

These data centers have the capacity to consume a combined 508 terawatt hours of electricity per year if they were to run constantly. That’s greater than the total annual electricity production for Italy or Australia.

By 2034, global energy consumption by data centers is expected to top 1,580 TWh, about as much as is used by all of India.

These are only estimates and there remains a high degree of uncertainty about how the current AI frenzy will play out. There’s also a difference between the projections for how much electricity data center developers want and how much generation actually gets built.

While tech companies are quick to point out that data centers account for less than 2% of global energy use even with all the expansion, an April report from Goldman Sachs estimates that figure could rise to 4% by the end of the decade. Any percentage point increase is monumental, given overall electr

For all those PI’s that voted no, One thing the percentages show in the final count is that PI’s have next to no influence or control over a company

Well they’d better hope there will be a dirty great big cherry on top of that THG pie eventually as I can’t see a long queue of job offers for the Board if there isn’t in the not too distant future!!!

I believe IES is partnered with Bushveld Minerals in South Africa which is one of the largest Vanadium producers in the world?

It’s ’The Club’ and it’s been that way for hundreds of years!! Everything is served to significantly benefit ‘The Club’ and not the majority. Until people stop voting for the ‘Old Guard’ main political parties or parties who try and present themselves as real alternatives but either have similar policies in reality (or sell themselves out to form a coalition!!!), nothing will change or until full blown civil unrest or WW3 - whichever comes first!!!!! Have a good day 😁