Member Info for JeffMills

Wow. Honestly, just… wow. He’s basically saying RWE have been in on it with Dennis, running some grand scam against investors. The idea that one of Europe’s biggest utilities is colluding in a con? Oh dear… hahaha.

Dennis just landed 150MW with RWE on Neptune V – repeat business at scale. Add Hydropulse and they’re staring at profits around 200MW. Momentum’s there… £1 by month-end feels on.

Dennis Schulz just liked this post on Linkedln (which is over one month old) Why?

The key is within the post, stating ITM expects a FID before end of 2025. IMO this is a hint of what’s to come.. hopefully by the end of Sept!

“We are delighted to announce the signing of a supply agreement and binding heads of terms for a long-term services agreement with MorGen Energy for the 20MW West Wales Hydrogen project in Milford Haven, UK. This milestone marks a significant step in this project under the UK Government’s HAR1. With permits secured and commercial terms with the project stakeholders nearing completion, the project is well on track towards Final Investment Decision (FID) and is expected to break ground before calendar year-end.”

I think next week is the sentiment flip for ITM. The EU vote won’t call nuclear ‘green’, but it will unlock a low-carbon lane—so France/Finland can actually build, and ITM’s PEMs can sell into that on top of the renewables quotas. Add the US rate cuts and risk-on tape, and a run back toward £1 in the coming weeks feels doable.

Next week’s EU vote isn’t about calling nuclear hydrogen ‘green’ — renewables keep that label. What it does is create a new category called low-carbon hydrogen, and nuclear fits in there because it easily clears the 70% emissions rules. That matters because it means countries like France and Finland, with big nuclear fleets, now have a green light to build hydrogen projects. For ITM, that’s bullish — they already win from the renewable quotas, and now nuclear could open up a whole extra market for their electrolysers.

Because he's a creep? Simply ignore him.

Finland’s a really interesting angle here. They’re one of the most pro-nuclear countries in Europe, and with Olkiluoto 3 running, they’ve got plenty of clean baseload power. If the EU signs off on low-carbon hydrogen next week, that basically gives Finland the green light to turn nuclear into hydrogen — and that lines up perfectly with Hydropulse’s focus there. It feels like they could be early in a market that’s actually ready to move.

This is better news for ITM than for the blue hydrogen guys, because PEMs can plug straight into nuclear power and deliver ultra-low emissions that easily clear the 70% rule. Blue hydrogen, by contrast, still depends on gas prices, carbon capture rates, and controlling methane leaks — so it’s riskier, more controversial, and politically weaker in the EU.

The EU is targeting 20 million tonnes of hydrogen by 2030, with at least 4.2 million tonnes legally required to be renewable — that’s ITM’s guaranteed market. If the low-carbon act is approved, nuclear countries like France could add a big extra layer of demand through nuclear-powered hydrogen. That wouldn’t count as renewable, but ITM’s PEMs can still supply it, so in a good scenario their addressable market could grow 30–50% beyond the renewables quotas alone.

Yeah. Next week’s vote could confirm that nuclear hydrogen is officially “low-carbon hydrogen”, but it will not be rebranded as “green/renewable hydrogen.” So if nuclear gets signed off as low-carbon, it means their PEMs could be sold into nuclear hydrogen projects too, which really widens the market. The only slight downside is that nuclear hydrogen won’t count as ‘renewable,’ so the big EU quotas still only apply to wind and solar projects. Been looking into it more today.

This is driving the breakout imo—an essential play given the massive electricity demand that AI requires.

The EU should include nuclear power in its rules for green hydrogen to ensure the bloc achieves its goal of net-zero emissions, said a policy adviser for Finland’s main industry lobby.

When hydrogen stocks first boomed (back in 2020) — and at that time the forecast for data-centre electricity demand in 2030 was only around 0.4–1.0 PWh. Fast-forward to today, and the latest projections are closer to 1.0–1.5 PWh, with some scenarios running as high as 2.0+ PWh once AI growth is factored in. Now think how much harder hydrogen could run this time, with fuel cells like Bloom already in play and the path clearly set toward 100% green fuels like green hydrogen.

In my view, the move we’re seeing is tied to for big drivers: UK–US relations, drop in interest rates, the renewed focus on energy security, and nuclear’s role in the mix. Nuclear is finally on the verge of being recognised as green electricity. That’s a game-changer — it means nuclear output can now directly feed into producing green hydrogen. And hydrogen, in this sense, becomes the carrier for nuclear power.

Layer on top of that the surge in AI. Right now, AI demand is just the tip of the iceberg. If you project out 10 years, the electricity consumption is going to be staggering. That means every earlier forecast for green hydrogen demand — even those made just four years ago — is already obsolete. With AI accelerating faster than anyone expected, the scale of hydrogen needed has to be revised way higher.

This isn’t new for those who’ve been watching the sector closely, but I think the wider market is finally starting to connect the dots.

Nuclear can play a role too — using its steady, carbon-free power to produce clean hydrogen. But costs, waste, and long build times keep it from scaling as fast as renewables. AI is happening now.

Why not use blue hydrogen, you ask? Because it still depends on fossil gas and carbon capture, which is costly and leaky. Green hydrogen, powered by renewables, is the only truly sustainable path.

The convergence of big headlines —

Trump’s visit putting energy security back in focus.

Microsoft’s multi-billion push to make the UK an “AI superpower,”

and Bloom Energy’s deal with Oracle to power cloud data centers —

I think today marks the waking the market up to a harsh reality: AI’s explosive growth will demand more electricity than today’s grids can reliably deliver. If that power comes from fossil fuels, the carbon load would push the world deeper into climate crisis. Unlike intermittent renewables or polluting diesel, green hydrogen is the only scalable, 24/7 onsite solution that can deliver clean, dispatchable power at the speed AI requires, making it central to balancing technological progress with climate imperatives.

FuelCell closed up 12%, and in after-hours trading it jumped another 17% at its peak.

High borrowing costs have held back big capital projects like green hydrogen, delaying final investment decisions. With rates now starting to come down, this could be the turning point for the sector.

“Ahead of the Bank of England's latest decision on interest rates tomorrow, the US central bank, the Federal Reserve has cut rates by a quarter point and has indicated it will steadily lower borrowing costs for the rest of this year.”

Perhaps we move back to 70p tomorrow.

Lower U.S. rates ripple globally. Cheaper capital in the U.S. pulls down financing costs worldwide, investors get more risk-on, and money flows harder into growth sectors like hydrogen.