Member Info for E_AL

So ITM Power, the the world's largest electrolyser factory:

Cash £230 million

Inventories £76 million

Total £306 million

Current MCap £308 million !!!

so zero value to the technology, the contracts, the orders, the revenue , etc.

The share price is obviously manipulated and should rerate very soon.....

This probably explains the recent 2 big buys !

The Labour Party manifesto will dedicate £500m ($638m) to support the manufacturing of green hydrogen in the UK.

Speaking in Greater Manchester today, Sir Keir Starmer expanded on the Labour Party’s pledges to invest in renewable energy across the UK, including its planned publicly-owned Great British Energy (GBE) firm.

In addition to the dedicated £500m for green hydrogen, the manifesto has stated there will be investments in carbon capture and storage, hydrogen and marine energy to ensure the country has long-term energy storage to meet demands.

The manifesto added, “Labour’s National Wealth Fund will directly invest in ports, hydrogen and industrial clusters in every corner of the country.

“The clean energy transition represents a huge opportunity to generate growth, tackle the cost-of-living and make Britain energy independent once again.”

There has also been a recommitment to an “Energy Independence Bill” to establish the framework for Labour’s energy and climate policies.

https://www.h2-view.com/story/500m-dedicated-to-green-hydrogen-under-labour-party-manifesto/2111121.article/

Nice !

13:29:09 51.35 205,895 £105.73k

13:29:03 51.377 500,000 £256.89k

She is already moving up ;)

Yara's post on LinkedIn an hour ago:

Yara's renewable hydrogen plant at Herøya, Norway is officially open!🎊

Today we celebrate a major milestone in our decarbonization journey as we're now producing renewable hydrogen and ammonia. We're also thrilled to share we've already delivered the first tonnes of fertilizers made from renewable ammonia produced at the plant to Lantmännen! 🎉

Yara's renewable hydrogen plant is the largest of its kind currently in operation in Europe, and here, hydrogen is produced with electrolysis of water and renewable energy, replacing natural gas as feedstock and annually cutting 41,000 tonnes of CO2 emissions from the site. ♻️

We’re also working to enable the hydrogen economy by producing low-carbon ammonia with carbon capture & storage (CCS). Essential to reach the Paris Agreement, low-carbon ammonia and CCS is a critical step to decarbonize rapidly and profitably. While Yara is uniquely positioned to deliver decarbonized solutions quickly and at scale, the green transition will require investments, predictable framework conditions, funding, affordable renewable energy, and a market where demand and supply are developed simultaneously. 🤝

We're honored to have partners and customers who share our vision, as this transformation requires efforts across the full value chain. Furthermore, this milestone wouldn’t have been possible without our greatest strength - our people. A huge thank you to all who are helping us bring our mission to life! 👏

Together, we can grow a nature-positive food future! 💚

10 June 2024

Yara International’s 24MW renewable hydrogen and ammonia plant in Norway has been inaugurated by the Norwegian Prime Minister, Jonas Gahr Støre.

The Herøya Industrial Park is set to produce enough hydrogen to deliver 20,500 tonnes of ammonia per year which can be converted to between 60,000 and 70,000 tonnes of green fertiliser.

ITM Power provided its PEM-based TRIDENT stack platform to the project, which will enable a production capacity of around 10,000kg of hydrogen per day. Linde Engineering was tasked with developing and building the hydrogen plant.

The facility has already delivered the first tonnes of fertilisers produced from renewable ammonia, and is now recognised as the largest plant currently in operation in Europe.

“This is a ground-breaking project and a testament to our mission to responsibly feed the world and protect the planet,” explained Svein Tore Holsether, President and CEO of Yara.

“We are very pleased to have delivered the first tonnes of low-carbon footprint fertilisers to Lantmännen, a partnership which serves as a concrete example of how collaboration across the entire food value chain is required to decarbonise.”

H2 View understands that the low-carbon fertilisers produced will be part of a new portfolio, dubbed Yara Climate Choice. The solutions will both benefit crops and contribute to decarbonising the food value chain.

“Renewable ammonia is an important part of the decarbonisation puzzle, however developing it at scale takes time,” said Hans Olac Raen, CEO of Yara Clean Ammonia. “We are producing renewable ammonia and have delivered the first low-carbon fertiliser using hydrogen made with renewable energy.”

Commenting on ITM’s involvement in the initiative, CEO Dennis Schulz said, “Green ammonia offers significant potential, among other things, to decarbonise the agricultural sector. We are proud of our collaboration with Linde Engineering to deliver this groundbreaking project for Yara.

ITM’s TRIDENT technology will also be used in Shell Germany’s hydrogen production project in Rhineland. With the project still pending final investment decision (FID), Shell reserved 100MW of PEM electrolyser stacks which are expected to be manufactured between 2025 and 2026.

https://www.h2-view.com/story/europes-largest-hydrogen-and-ammonia-production-plant-inaugurated/2111018.article/

I've just increased my holdings in ITM threefold. The stock is incredibly undervalued, especially considering last week's trading update. Currently, the company's market capitalisation is only around £100 higher than its cash reserves, neglecting any value for its research and development and other assets. This seems illogical. I anticipate the share price to rebound from this point.

Agree, the company is doing really well and the drop as if it issued a profit warning ha

Adjusted EBITDA totalled £629m in the year to 25 March, up 10.9% on the year before, helped by higher volumes and strong cost control. This was at the top end of the company's forecast of £620m to £630m.

Group revenues rose by 10.1% to £5.5bn, helped by the opening of 78 gross new stores across the group, with 19.2% growth in B&M France, 15.3% in Heron Foods and 8.5% in B&M UK.

Alex Russo, Chief Executive, said,

"FY24 has been another good year for B&M. The three key components of our business - buying, logistics and retail, are working in balance and we continue to deliver excellent products at everyday low prices to our consumers. We are well set for the years ahead.

During Q4, we accelerated our opening programme, and the step up in openings is continuing. In FY25, we will open not less than 45 gross new B&M stores in the UK, plus a meaningful number in France and for Heron. We have also raised our long-term store target to not less than 1,200 B&M UK stores, which provides a clear runway of profitable growth ahead for us, from our current base of 741 B&M UK stores.

We have demonstrated strong volume-led momentum in our business throughout our trading history and that has continued, driving our profits ahead of both pandemic and pre-pandemic benchmarks. Despite the more challenging comparatives, with continued new store openings, and a laser focus on low prices and best in class retail standards, we remain confident in our outlook for cash generation and profit growth."

Yes, the previous lowest point was 492 a few months ago. That being said, I just saw a chart on Twitter, the SP has just hit multiple support levels from the yearly, weekly, and daily charts, so it will likely bounce back up soon.

The sp just filled the gap left behind on the technical chart from the 5th of April. I am expecting to see some sp recovery from this level.

L2 BID/ASK shows 4:1 atm so it looks good

The European Central Bank will announce an interest rate cut today @1:15pm , the first cut since March 2016. Indices around the world are already reacting positivity to the news,also the announcement should spark a really in the stock market this afternoon.

2 more chunky buys just gone through at premium:

16:19:29 542.00 249,750 £1m

16:19:28 542.00 249,750 £1m

Not today: Thursday, 6th of June 12.15 pm GMT ECB Main Refinancing Rate, Policy Statement (EU) The European Central Bank's interest rate decision and policy statement are to be revealed.

A nice chunky buy just gone through !

10:20:10 512.20 250,000 £1m

"B&M said revenue was driven by like-for-like growth of 3.7% in the core UK business and by new store openings that saw 47 gross new B&M stores open in the UK, 11 in France and 20 in Heron.

"Importantly, almost half of the B&M openings in the UK were in the fourth quarter, meaning the majority of the benefits to sales, cash and profits will be felt in the current financial year," the company pointed out."

It looks like the selling in the background is done. Good support on the BID and NT to buy atm

It was a sell @0.105

The company's current market capitalization is lower than its cash reserves, effectively valuing its entire asset portfolio at zero, which is illogical.

The share price should recover to a more reasonable level .

I agree Newbee007, its NT to buy on HL atm

Shell wouldn't grant them extra time without seeing something solid; there must be a deal in the works