Member Info for Jacobjohn7

Im expecting at least one, maybe 2 before santa parades his magical sack.

Bare in my mind we had excellent contract newsflow up to the bell last year on the 20th - and 23rd theres more reason to action and grt them out before than after... as holiday period can be more relaxed knowing these things not hanging over during the period for these companies/ bodies in the decision process

From the 50nw feed contract rns on 20th Dec last year... so on top of the two imminent Har1 fids we have this... expected fid in 2025

The FEED will be based on ten NEPTUNE V units, our full-scope 5MW containerised electrolyser plant ideally suited for mid-sized projects. The FEED will support the project development ahead of a Final Investment Decision (FID) for the whole project, which the customer expects to take in 2025. The plant is planned to start producing approximately 5,000 tonnes of green hydrogen annually from the second half of 2027 and supply local industries.

Plenty to come including hydropulse to give us a boost into Christmas and get us out of this ludicrous price range. Based on newsflow and contracts we have knowledge of.

You're expecting a fid? Going to happen one day soon... but dont quite follow your thinking

With laura.

In a sad old death threesome here. Dopper and spunky has to admit and apologise now and they should have listened to me and saved some money. I tried....you can lead a dopper to water lop ..

You nasty people deserve every misfortune you get here.

Was about to say same... get it back on itm. That was a very boring chapter of chat

Is a pain, this isnt by any stretch! With recent rns newsflow we should be in the 80s approaching 90s. We are expecting fid on 2 har1 projects so hopefully we start getting to these valuations prior to Christmas break. Where will hear of fid directly prior to a resulting rns fron itm?

Been a frustrating month, not newsflow wise thats been amazing. The market isnt great so hopefully this gets recognised for what its achieving and what is due here.

Glalth

Only 2k but at this level, ill add to my substantial position.

And very happy the shorters have provided a lovely Christmas discount

Thankyou shorters!

https://www.linkedin.com/posts/schulz-dennis_five-top-share-trades-for-2026-activity-7404460395622612992-FrxQ?utm_source=share&utm_medium=member_android&rcm=ACoAADdraCMBGzU5aJKAr453wDwlS2etY-tqE0c

The latest updates regarding MorGen Energy and the UK's Hydrogen Allocation Round 1 (HAR1) involve significant progress for MorGen's West Wales Hydrogen Project, which is now moving towards construction.

Key Updates for MorGen Energy's West Wales Project

Contracts Signed: In December 2024, MorGen Energy, a developer of large-scale green hydrogen projects majority-owned by Trafigura, signed one of the UK's first Low Carbon Hydrogen Agreements (LCHA) with the government-owned Low Carbon Contracts Company (LCCC).

Electrolyser Supply: In August 2025, MorGen signed a supply agreement with ITM Power for a 20MW modular electrolyser (the POSEIDON platform) for the West Wales project, a major milestone for the project.

Construction Start: Following the government's July 2025 announcement that 10 HAR1 projects could begin construction, the West Wales project is well on track towards its Final Investment Decision (FID) and is expected to break ground before the end of the 2025 calendar year.

Purpose: Located at the former Milford Haven refinery site, the project aims to supply green hydrogen to industrial clusters in Milford Haven and Port Talbot, and support clean transport initiatives, creating skilled jobs in the region.

HAR1 Program Overview

The Hydrogen Allocation Round 1 (HAR1) is a UK government initiative designed to kickstart the commercial-scale green hydrogen economy.

Projects: 10 out of the originally selected 11 projects have signed contracts and can begin construction, backed by over £2 billion in revenue support and over £90 million in capital expenditure support.

Goals: The program aims to support British industry in moving away from fossil fuels, reduce emissions in heavy industry (like steel and glass manufacturing), and enhance the UK's energy security.

Other MorGen Projects: MorGen Energy is also advancing the Teesside Green Hydrogen project (60 MW) which was shortlisted under the second hydrogen allocation round (HAR2).

We hopefully see more rns before Christmas!

Hydropulse tantalisingly close now on several fronts. I'm looking forward to seeing the make up and profit forecast on one of those.

Nice bank balance to boot with reduced losses again.

Well done itm

Need the confidence surge leading into update day.

Revenue update of forecast for first half

£22-£25 with increased fy guidance to 40-45m

Foecast loss £24m with period of cash flow positivity.

Revised Cash £175m - £180m

I expect/hope for hydropulse update including an initial maiden contract.

May the 4th be with you

And perfect for hydopulse. Dennis ain't daft. He knows whats in place for it. It was started based on market opportunities. Imagine all others will follow our lead.

Now anyone for bargain shares??

Very unusual and the hydropulse bod chiming in.... very significant

Thats him. Below.

You can lead an horse. ..

However, we should not lose sight of the fact that ITM has already announced several UK HAR-related selections or contracts. For example:

17 June: Selected for two UK projects, utilising POSEIDON (as POSEIDON is a 20 MW solution, then this equates to a minimum of 40 MW)

23 June: Announced a FEED for the Uniper 120 MW project within HAR2

13 August: Contract announced with Morgen for 20 MW project within HAR1 (the RNS stated that this is related to the announcement on 17 June)

6 October: FEED contract for multiple NEPTUNE V units for a project within HAR 2

So, in total so far, a minimum of 170 MW of UK HAR projects and bear in mind that the majority of HAR 1 & HAR 2 projects have not announced the chosen OEM.

We will release a trading update for H1 on 4 December.

I hope that this helps.

Kind regards

Justin

Those present at site visit did they mention what was going through production for notified orders and what do you think about another forecast beat/bottom line improvement?

Put your noo noo's in and move onto itm. As we start to move