The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
At present, the market capitalisation of ITM Power is approximately equivalent to its cash reserves, without attributing any value to its technology, research and development, IPs, being the largest electrolysers manufacturer globally and the only one in the UK, and the value of its asset. None of the above is priced in the current Mcap
Optimal Group just posted this on LinkedIn:
“In 2021, we developed our second Capstone Green Energy microturbine solution running on pure hydrogen for Blue Economy CRC, which focuses on the intersection of two emerging ocean-related sectors: aquaculture and offshore renewable energy production, both of which are integral to the nation's economic growth and sustainability.
It is actively engaged in the establishment of Tasmania’s first, fully operational, commercial-scale green hydrogen facility. The onshore phase of the project is well underway in Hobart, in which green hydrogen production is being achieved through the utilisation of an ITM Power HGAS1SP PEM electrolyser, which was also provided by Optimal Group.
The electrolyser would be connected to a DC microgrid that will include the Capstone C65 pure-hydrogen turbine for generating electricity. In addition, we will assist in the design and building of the microgrid in a configuration that has been adopted after collaboration with pitt&sherry, who have been engaged as engineering consultants for the project.”
https://www.linkedin.com/posts/optimal-group-australia-pty-ltd_aquaculture-offshorerenewables-hydrogentechnology-activity-7157900255512956928-Eg5i
From last year’s trading update:
“ 4 December 2023
ITM Power PLC
Trading Update
Ahead of our interim results which are due to be released on 31 January 2024, we are pleased to provide a summary of our financial performance for the 6 months to 31 October 2023.
In summary, the expected unaudited financial results for the half year are as follows:
· Revenue of £7.5m (well on track for full year guidance of £10-18m)
· Adjusted EBITDA loss between £22-23.5m (trending well against lower end of full year guidance of £45-55m)
· Net cash at the end of the first half of the year of £253.7m (against full year guidance of £175-200m), with an outflow in H1 of £28.8m, already reflecting the early effects of the significant progress against our 12-month plan in H1.
Given this reassuring performance we confirm our full year guidance.
Dennis Schulz, CEO ITM, said: "We have been making substantial progress against our 12-month plan, which aimed at providing ITM a strong foundation to build on. The first 6 months of the financial year from May to October already paint the early picture of a new ITM, surpassing the full year revenue of each of the last two years by about 50% in just the first half of this year. We are pleased with the improvements achieved across all areas of the company, many of which have a positive effect on how we manage cash and scrutinise capital spend. We look forward to providing a detailed update on our 12-month plan which is nearing successful on-time completion in January, and to giving insight into our longer term strategic priorities at the time of our interim results."
Quite positive heads up to what to expect on Wednesday. ITM Power, the world's largest electrolyser factory’s current MCap is around the amount of cash it has in the bank which commercially doesn't make sense, knowing the global interest in electrolyzers has surged due to their role in green hydrogen production. I am expecting share price rerate this week.
Tanzania
A dynamic potential for renewable energy sources distinguishes Tanzania’s energy landscape. The country has abundant natural resources like solar, wind, geothermal, and natural gas. Tanzania has great potential in producing low-cost hydrogen, propelling the country’s energy and agricultural industries.
Its generation will assist citizens by lowering energy costs and helping to reduce unemployment, to name a few benefits. Investing in green hydrogen energy will help her achieve her goal of ensuring widespread access to electricity throughout Tanzania.
The AGHA (African Green Hydrogen Alliance) will undoubtedly help Tanzania, as the coalition will provide her with the resources and expertise required to develop green energy production. It will also offer her an edge in the regional and worldwide markets.
Tanzania could benefit from AHP’s interest in prospective hydrogen-related industries in East Africa. The AHP aspires to develop a hydrogen corridor in East Africa to achieve the world’s first large-scale commercialization of clean, sustainable, and renewable green hydrogen.
This initiative could bring significant economic growth and job opportunities to Tanzania, attracting investments and promoting the development of hydrogen-related infrastructure. Additionally, by participating in the green hydrogen corridor, Tanzania can contribute to global efforts in reducing carbon emissions and transitioning towards a more sustainable energy future.
Nice chunky buys just gone through in the last 15 mins !
11:55:00 0.191 3,950,637 £7,546 O
11:49:16 0.191 7,689,152 £14.69k O
11:45:20 0.1919 1,820,766 £3,494 O
11:41:47 0.19 52,770 £100.26 O
11:40:48 0.191 104,738 £200.05 O
11:40:44 0.191 2,864,607 £5,471 O
11:40:38 0.191 5,232,989 £9,995 O
11:39:37 0.19 1,000,000 £1,900 O
11:38:51 0.1895 2,000,000 £3,790
It will test ~ 180 , big support
23.01.2024 - Posted on Linkedin 5 minutes ago
"Today we had the privilege to welcome the Chairman of Kawasaki Heavy Industries, Ltd., Yoshinori Kanehana, with a senior delegation, among them Hidenori Imaoka, Managing Director UK.
Kawasaki, founded more than 145 years ago in 1878 and headquartered in Tokyo and Kobe, generates an impressive $12bn of revenue annually. Kawasaki is one of the few companies offering proprietary technologies along the entire supply chain of hydrogen production, transport, storage, and use. The company puts a special focus on the potential of shipping liquefied green hydrogen.
Yoshinori Kanehana also serves as Co-Chairman of the Hydrogen Council, along with other influential CEOs such as Sanjiv Lamba of Linde.
Our CEO, Dennis Schulz, comments: “It was an honour to host our valued guests from Kawasaki – a company with a long history, and an important player in the hydrogen industry. Japan is emerging as a vibrant market for green hydrogen, and we are delighted to strengthen our ties with leading Japanese companies.””
https://www.linkedin.com/posts/itm-power_hydrogen-japan-energy-activity-7155574617162567680-J6jY
I’m uncertain about the source of their data, but according to Yahoo Finance, today’s traded volume is 480 million, which is nine times higher than the average daily volume. Half of that volume was traded between 1-2pm
https://uk.finance.yahoo.com/quote/HE1.L/
Hi Joe80, I tried to enhance the quality of the important part of today's twitter photo using ai . Hopefully, this will provide you with a clearer view of what's happening on the drill floor:
https://i.ibb.co/RCtjJrC/GEHUT8a-Xo-AAun-KO-1.png
(double-click on the image to zoom in/out.)
@kevinRound: they wanted to offload the placing shares before tweeting anything about the commencement of the Itumbula drilling or any other positive news to assist the rebound in the stock price without impediment.