Member Info for Eastwood

I thought this made interesting reading and Joseph looks to be on track for an interesting career with ITM.

https://www.linkedin.com/posts/joseph-w-12b93522b_im-proud-to-share-that-i-have-successfully-ugcPost-7396908233266798592-m9JQ?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAEkVmEBjNnbrZ4ELTSoemDjmg5c3rjXmsY

I’m proud to share that I have successfully completed my Degree Apprenticeship with the University of Sheffield’s AMRC Training Centre, achieving a 2:1 Honours degree in Manufacturing Technology.

My dissertation, “Establishing comprehensive test equipment and methodology to analyse and determine the mean time to failure of PEM electrolyser stack designs,” was a challenging and rewarding project. It gave me the opportunity to deepen my understanding of process automation, system design, equipment engineering, project management, budget control and problem-solving. It also marked a shift from managing automation projects through integrators to taking ownership of in-house design, manufacture and validation — an experience that’s been transformative for my development as an engineer.

I’ve included a series of images that highlight key moments from this journey, with so many unforgettable experiences and opportunities stemming from taking the apprenticeship route.

I want to thank the AMRC Training Centre for their exceptional support and for delivering a course so closely connected to real industry needs. The practical focus and exposure to modern manufacturing have been invaluable.

Thank you as well to my fellow apprentices — it’s been a privilege to grow alongside you, and I wish you all the very best in your future careers.

Finally, I’d like to express my gratitude to ITM Power for their continued support throughout this apprenticeship and for trusting me with meaningful projects and responsibilities that have shaped who I am as an engineer.

I look forward to what the future brings, continuing to develop my skills, and contributing to the next generation of engineers with the same enthusiasm that has been inspired in me.

When I went to the site visit, we were standing on the factory floor and I was standing next to Bilbo at the time when Dennis was speaking to us. He made it clear that ITM only posts RNS's of value, under his watch there would be no more fluffy RNS's of the old day. He also made it clear they do their due diligence and make sure it is a customer they want to work with and everything stacks up. He repeated the due diligence in the Q and A session a few times.

To me if you see an RNS for 710MW, I believe due diligence has been done for myself, You need to DYOR.

One other thing I now remember and others at the site visit can confirm - Dennis said when the electrolysers reach end of life they are shipped back and recycled for the metals and parts, written into the contract.

BUT the client can only buy the new electrolyser from ITM due to the way it is configured and propriety of the system. Think about that - in the years when the Refine stacks reach EOL they go back to ITM for the next lot. And the other clients will be the same.

How is afc doing constructive? any reservations or FEEDs or FIDs? is the SP in double digits yet?

Morning,

Justin has confirmed the H1 trading update will be the 4th of Dec.

I messaged Justin in relation to the discussion we had the other day about precious metals and the EU Targets.

Justin kindly responded with the below. I know I appreciate it and others on the board, so thank you Justin.

We do not disclose the current level of PGM loading, although here are some facts:

• The previous EU PGM loading target by 2030 was 0.4mg/W

• ITM announced in 2019 that we had already achieved this, some eleven years ahead of the EU target

• The current EU target is 0.25mg/W Clean Hydrogen JU - https://www.clean-hydrogen.europa.eu/knowledge-management/strategy-map-and-key-performance-indicators/clean-hydrogen-ju-sria-key-performance-indicators-kpis_en

• In November 2024, ITM announced that we had further reduced our iridium loading by an additional 40%

In addition to these facts, a few things to bear in mind:

1) The absolute level of PGM loading, whether as a number or target, is largely meaningless when comparing data. This is because the composition of PGMs is far more important. For example, the current price of iridium is around $4,500 per ounce, while platinum costs about $1,500 per ounce. You can find other metal prices here:https://www.dailymetalprice.com/metalpricecharts.php?c=ir&u=oz&d=10 For instance, substituting iridium with other PGMs can significantly impact the total cost of PGMs in a stack, even if mg/W remains unchanged.

2) Examining PGM loading alone doesn't provide the full picture. If PGM loading decreases on its own, the catalytic reaction would decline, assuming everything else remains constant. Therefore, your loading might seem low, but hydrogen output could be adversely impacted. The challenge is to maintain stack performance and longevity while reducing or modifying PGM loading, a feat that ITM has consistently achieved.

3) Finally, if you examine the EU 2030 targets in the link above, you will see, for example, that ITM has already surpassed KPIs such as degradation and current density (the KPIs we have disclosed).

There will probably be the usual Director/PDMR Shareholding RNS tomorrow or Tuesday.

Https://www.linkedin.com/posts/schulz-dennis_hydrogen-uae-uk-ugcPost-7394025854068072448-jIlr?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAEkVmEBjNnbrZ4ELTSoemDjmg5c3rjXmsY

Last week, I had the opportunity to attend the Dii Desert Energy Leadership Summit in Dubai, which was marked by pragmatic and solutions-focused discussions.

A highlight for me was the exchange with H.E. Sharif Al Olama, Undersecretary for Energy and Petroleum - alongside peer CEOs like Nadja Håkansson from thyssenkrupp Uhde, Thorsten Herdan from HIF Global, John Roper from Uniper, Timo Bollerhey from H2Global Foundation, and Ivana Jemelkova from the Hydrogen Council.

The United Arab Emirates’ approach to the hydrogen economy is both ambitious and refreshingly down-to-earth. My key impressions were:

- A clear ambition to become a leading global producer and exporter of low-carbon hydrogen, with Germany playing a central role as a future offtaker.

- Instead of direct subsidies, the government provides creative underwriting and strong industrial backing to de-risk projects.

- A national focus on energy efficiency and a strong emphasis on Sustainable Aviation Fuels (SAF) as a strategic priority.

What stood out most was the openness in how challenges and solutions were discussed. This aligns closely with how we at ITM Power and Hydropulse think about scaling green hydrogen: long-term collaborations, industrial depth, and clarity on pathways.

A big thank you to Cornelius Matthes, Valeria Maria Aruffo, the Dii Desert Energy team, and all participants for the thoughtful exchange. I’m looking forward to continuing these conversations and translating them into projects.

I sat two seats away from Manyfishes Garonne on our site visit day and we discussed shares. Manyfishes has quite a good portolio and I did not get the impression of someone who makes up stories.

Hey Bilbo,

It does.

If you like you could email Justin and double check, he normally answers within 48h. I say in my email to him for the FEED question etc that there is a discussion on the board and I would like to provide the correct answer.

Dennis said something along the lines of what you said below, that they beat the EU target and then the EU lowered it and I think they were still ahead but not sure.

Troublesome -" Where does ITM obtain its precious metals from ATM ?

As competition hots up, supply availablity may not be guaranteed and prices may increase exponentially as demand grows. Think ITM are aware of the consequences but hope performance is not sacrificed for cheaper alternatives"

Hey Troublesome when we did the site visit, Dennis mentioned that nobody in the industry goes out and buys a lot of precious metals in one go as the market pricing would swing drastically. I think (It has been over a month, so someone else feel to correct me) Dennis said ITM would buy in small batches as and when. However they get old stacks and electrolysers back which is written into the contracts and they recover alot of the metals so no need to constantly purchase on the market. Also as advances are made for example a 10% to 15% performance improvment which happened with I think Shell, they swap out the stacks and recover precious metals and re-use them in the next set to be built.

Think ITM are aware of the consequences but hope performance is not sacrificed for cheaper alternatives" - The way I saw the factory being run and the pride showing, this would not happen. I honestly think heads would roll if anyone even suggested this to Dennis.

Agree with Cureboy - volume has picked up and a lot of 10,000 and 15,000 trades going through at the moment.

Dropped to 75.29 this morning and currently sitting at 83.

L2 is looking like it wants to get back to 84.

All in my own opionon of course.

Https://www.linkedin.com/posts/schulz-dennis_hydrogen-energy-netzero-activity-7389815441411559424-qWjI?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAEkVmEBjNnbrZ4ELTSoemDjmg5c3rjXmsY

I’m often asked: 𝘞𝘩𝘰 𝘢𝘤𝘵𝘶𝘢𝘭𝘭𝘺 𝘶𝘴𝘦𝘴 (𝘨𝘳𝘦𝘦𝘯) 𝘩𝘺𝘥𝘳𝘰𝘨𝘦𝘯, 𝘢𝘯𝘥 𝘧𝘰𝘳 𝘸𝘩𝘢𝘵?

Most people are surprised to learn that 98-99% of hydrogen today still comes from fossil fuels.

The shift from grey to green hydrogen is underway, and while 𝐨𝐢𝐥 𝐫𝐞𝐟𝐢𝐧𝐢𝐧𝐠 𝐚𝐧𝐝 𝐚𝐦𝐦𝐨𝐧𝐢𝐚 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 make up about 70% of current demand, many new applications are emerging fast.

Here are some of the most interesting:

- 𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠: reducing gas in chemical vapour deposition, annealing, and cleaning

- 𝐆𝐥𝐚𝐬𝐬 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠: high-temperature, clean-burning fuel

- 𝐂𝐞𝐦𝐞𝐧𝐭 & 𝐬𝐭𝐞𝐞𝐥 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧: blending with natural gas or direct reduction for green steel

- 𝐅𝐨𝐨𝐝 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲: hydrogenation of oils and fats

- 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠: reducing atmospheres in displays, LEDs and batteries

- 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥𝐬: hydrogenation in drug synthesis

- 𝐌𝐞𝐭𝐡𝐚𝐧𝐨𝐥 & 𝐬𝐲𝐧𝐭𝐡𝐞𝐭𝐢𝐜 𝐟𝐮𝐞𝐥𝐬: feedstock for e-methanol, e-diesel, e-kerosene

- 𝐁𝐚𝐜𝐤𝐮𝐩 𝐩𝐨𝐰𝐞𝐫 𝐟𝐨𝐫 𝐝𝐚𝐭𝐚 𝐜𝐞𝐧𝐭𝐫𝐞𝐬: fuel cells replacing diesel generators

- 𝐆𝐫𝐢𝐝 𝐞𝐧𝐞𝐫𝐠𝐲 𝐬𝐭𝐨𝐫𝐚𝐠𝐞: converting surplus renewable electricity into hydrogen (power-to-gas)

- 𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 𝐟𝐮𝐞𝐥𝐬: cryogenic liquid hydrogen for rockets

- 𝐅𝐮𝐞𝐥-𝐜𝐞𝐥𝐥 𝐯𝐞𝐡𝐢𝐜𝐥𝐞𝐬: trucks, buses, trains, forklifts, ships

- 𝐆𝐚𝐬 𝐛𝐥𝐞𝐧𝐝𝐢𝐧𝐠: supplementing natural gas for industrial furnaces or heating

- 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧-𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐝𝐫𝐨𝐧𝐞𝐬 & 𝐚𝐢𝐫𝐜𝐫𝐚𝐟𝐭: emerging experimental use cases

At ITM Power, we’re enabling industries to decarbonise across these areas - with many projects already in motion and even more in discussion.

42 min ago

https://www.linkedin.com/posts/itm-power_es25-engineering-hydrogen-activity-7389643856293699584-qBnH?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAEkVmEBjNnbrZ4ELTSoemDjmg5c3rjXmsY

Next week, we will be participating as a partner at the Engineering Summit in Darmstadt, Germany, on the 4th & 5th November.

Don’t miss hearing our VP Region EU & Middle East, Dr. Peter Pötschacher, who will be giving a speech on how plant engineering can contribute to green hydrogen production, on Tuesday 4th November.

Visit our tabletop space in the refreshment area to learn more about the latest addition to our market-leading product portfolio, ALPHA 50, the world’s first 50 MW full-scope green hydrogen plant.

We look forward to seeing you there!

Https://www.linkedin.com/posts/schulz-dennis_investinkoreasummit-hydrogen-energy-activity-7389512603993120768-O-sc?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAEkVmEBjNnbrZ4ELTSoemDjmg5c3rjXmsY

Appreciate the personal invitation from South Korea’s Minister of Trade, Industry and Energy, Jung-Kwan Kim, to the 2025 Invest KOREA Summit in Seoul - and a big thank you to KOTRA (photo) for the warm hospitality.

Korea’s industrial momentum has been impressive: semiconductor exports reached USD 142 billion in 2024, up 44% year-on-year, and the nation leads globally on manufacturing robot density with more than 1,000 robots per 10,000 manufacturing workers. The newly launched M.AX initiative is now building on these strengths to accelerate the shift toward AI-enabled, data-driven manufacturing with the goal to boost productivity by more than 30% over the next years.

Hydrogen and decarbonisation are strategic pillars of South Korea’s roadmap to Net Zero by 2050, underpinning clean growth across manufacturing, energy, and emerging sectors like next-generation data centres.

Many good discussions with customers, policymakers and innovators today. Looking forward to tomorrow’s start-up pitches in particular - always a sneak preview into the future of industry.

Troublesome - Were there any details on purifying the water (especially tap water) ?

Hey Troublesome, only in what I posted. Justin is a busy guy so didn't want to ask loads of questions.

"Our electrolyser systems incorporate a water management system that performs several functions. These include cleaning incoming water, circulating clean water through the stacks, polishing recirculating water, and repatriating water captured from the product hydrogen stream."

I was speaking with Justin about this. He kindly provided the info below.

Considering the atomic properties of water, H₂O, and the fact that oxygen is 16 times heavier than hydrogen, oxygen accounts for 89% of the water's mass. This means that the theoretical amount of water required to produce 1kg of hydrogen is ~9 litres (8.92 to be precise). Our electrolyser systems incorporate a water management system that performs several functions. These include cleaning incoming water, circulating clean water through the stacks, polishing recirculating water, and repatriating water captured from the product hydrogen stream.

Water is circulated through the stacks at a high rate, ensuring effective removal of product oxygen and heat. Much less than 1% of the water circulated through a stack is consumed in electrolysis.

There was a study in 2020 from Hydrogen Europe, which stated:

Based on the atomic properties of water, 1 kg of hydrogen requires 8.92 litres of water. If the 10 million tons (MT) hydrogen production target of the EU’s Hydrogen Strategy is reached by 2030, 89 million tons of water would be used by electrolysis. This would represent 0.00478% of all annual freshwater resources of the EU, 0.0432% of all annual French freshwater resources and 0.0288% of all annual precipitation (i.e. rainfall) in the EU27.

In addition, Hydrogen Europe also stated in the report, that if you compare water consumption for electrolysis with other energy processes, you would find that crude oil recovery and diesel refining uses about 40% more water that the production of green hydrogen per unit of energy.

Regarding PEM vs Alkaline, it is not so much a difference in water use as the fact that the hydrogen produced from a PEM system is purer because it does not use an electrolyte such as KOH. The oxygen produced is currently vented. It is not medical-grade, but it could be used in areas such as fish farming, where water needs to be oxygenated.

Hi Jacobjohn7

When in the Q and A, Dennis said he cannot talk about shares, share prices or anything that could considered inside information.

I don't know about the others at the meeting but I realised Dennis has quite a good sense of humour. He made some jokes that were quite funny.

Thanks for the earlier reply Wookie, appreciated.

I did wander who drives all the way to the factory hoping to get in if one or two of the 25 invited didn't turn up. I think it was two people who tried it.

I took a pic of it on the day and posted the "Not so spicytuna" https://postimg.cc/gallery/bpQ0YHS

Wookie, can you remember, or anyone else that was there, what Dennis was saying about the PEM vs Alkaline clean water at the Q and A session?

It was something along lines of the PEM clean water vs the Alkaline KOH but am not sure.

Thanks