Member Info for JeffMills

A 1GW fuel cell for an American data center, up 50%. Green hydrogen is already happening, regardless of the noise around Trump and all the deramping fools trying to downplay it.

Given the weak UK growth figures released today, with just 0.1% growth between July and September, the government might push ahead with green hydrogen to stimulate the economy. With businesses warning that tax rises could hurt employment and push up prices, focusing on green hydrogen makes sense. It’s a sector with huge potential for job creation and economic growth, which could help turn things around. Plus, it’s in line with the government’s green agenda, so it wouldn’t surprise me if they accelerated it to drive growth.

Are you seriously unaware of this? The effects of Covid are still lingering—where have you been? It’s taking years for freight costs to return to pre-Covid levels, and customers are still grappling with the impacts of high inflation on spending. So maybe Boohoo didn’t literally expand during Covid, but it was still ambushed by its aftereffects. Need me to keep going?

It looks like Plug Power could be announcing its $1.7 billion loan soon. The stock has already bounced back 10% from its low this morning

Please at least give the board the actual figures before posting. Velocys had just £15.6 million in cash before its takeover.

As if directors would buy shares just before a takeover bid—that’s not just unlikely, it’s potentially illegal. This whole idea is nonsense, and I honestly don’t know why I’m even bothering to respond to it.

You’re missing a crucial difference. Velocys was struggling with a poor cash position, which made it ripe for a low-ball, opportunistic takeover. Their financial weakness left them vulnerable. On the flip side, ITM Power is sitting on £200m in the bank, giving it a solid financial cushion. With that kind of liquidity, ITM is in a much stronger position to fund growth and development, not to be taken over cheaply. It’s a whole different scenario.

It’s surprising you overlooked our plug-and-play sale to Japan and the entire Asian market. Also, did you miss Bloom Energy’s announcement in South Korea last week?

Our government is fully committed to its 10 GW electrolyzer target by 2030, and with Ed Miliband clearly backing ITM Power, I’m tired of people dismissing educated optimism as mere speculation. What more do you want? A golden ticket?

First off Rick, it seems like you’re not fully aware of the sector dynamics. Are you familiar with RWE’s gigawatt targets? The delays in Final Investment Decisions (FIDs) across the industry are largely due to high inflation and rising interest rates—factors impacting everyone, not just ITM. This isn’t about poor performance on our part; it’s about broader economic challenges that are slowing down project timelines.

Regarding transparency, let’s set the record straight. ITM is actually leading the way by being the first company to set a clear price on an electrolyzer product—€4.3 million for a 5 MW plug-and-play system. Most competitors aren’t even disclosing their pricing at this stage. So, suggesting that we lack transparency or that others are ahead is simply not accurate.

I also think you’re too focused on short-term revenue figures without appreciating the nature of our business model. Yes, we’ve taken on large contracts, like the 100 MW project, but these contracts don’t convert into immediate revenue. We’re looking at staged payments with the bulk of the revenue realised upon project completion—meaning 2026 is when we expect to see the financial upside, with projections up to £50-80 million in revenue. That’s a strategic investment in long-term growth, not just chasing short-term gains.

I get that you’re hesitant to put more money in right now, but focusing solely on near-term numbers without acknowledging the growth pipeline is shortsighted. ITM is positioning itself as a leader in a rapidly evolving market, and it’s going to take time for these moves to fully pay off.

Let’s keep the conversation grounded in the facts. I respect your caution, but let’s not overlook the bigger picture and the potential for significant returns as we approach 2026

So according to Aqua, the UK budget, the German green hydrogen pipeline, director buys, and even the first sale of Neptune V are all ‘BS’? Interesting take. It’s easy to act like you’ve got it all figured out when you’re predicting short-term price movements, but that doesn’t make you a genius. Maybe next time try backing up those claims with something more than just knee-jerk skepticism. Attention seeking.

Ricky, with all due respect, you’re telling people to sell, but with the news we’ve had lately—directors buying, the latest electrolyzer sale through a German eu grant, green hydrogen investments ramping up, and France just announcing over €1 billion for a green hydrogen port today—it’s hard to ignore that this sector is absolutely happening. The market may be slow to react, but that’s often the case when everyone’s focused on the short-term. ITM’s position in the green hydrogen revolution is growing, and while the share price might be low for now, sometimes the best opportunities are when everyone else is too quick to sell. This isn’t just speculation, it’s a trend—and it’s coming, whether the market’s ready or not.

Yes, it’s down but in a volatile market like AIM, those swings aren’t unusual. The real story will be when ITM starts locking in those larger deals—like the 500 MW project you mentioned—or when the scale of the REFHYNE 2 deal becomes clearer. As for what they’ll earn from that, you’re right—details are scarce—but the significance of the deal isn’t in what’s earned today, but the potential it unlocks for future projects.

The UK government’s backing, directors buying in, the first Neptune V sold, the expansion into Germany, and the pipeline announcement—these are just a few highlights from the past month. Normally, I’d be frustrated with the share price, but honestly, there’s not much to complain about right now. It’s just the nature of the AIM market—it’s a waiting game. Growth stocks often dip for no reason, and then when targets are exceeded or raised, like we’re expecting in the coming weeks, the share price can recover quickly, sometimes in just a matter of days. Let’s not forget, this stock dropped into the low 40s three times this year, only to bounce back into the 65-80 range each time. It’s all part of the journey. Patience is key.

Are you being sarcastic? ITM has around £200 million in cash and £12 million in debt..

Someone probably translated this last week, but I missed it. Dennis let us know that Germany has become our core market:

'Germany has developed into a core market for green hydrogen, electrolyzers, and ITM Power. We expect steady growth, not least as a result of the hydrogen core network that is now being created. To further strengthen our team at the Linden site in Hesse, we are currently looking for staff with extensive experience in EPC plant construction."

Fair point, but considering it’s a UK-based project, I’d say ITM has a pretty strong case. They’re deeply embedded in the UK’s hydrogen strategy, and if the project is aligned with national goals, ITM could be the logical partner.

Yes, I’ve got it. This is brilliant. Great find onsolidground. The FID could come as soon as they get planning permission, which is expected in the next few weeks.

Got it! Here’s an updated version:

Planning permission is expected to be granted in a few weeks, from their post in October. The project is set to begin in 2026, and with a timeline of 500 MWe every 1.5 years, it really has ITM written all over it.

Excellent find. I’ve just gone over their planning documents, and they’ve highlighted several key advantages of using PEM over alkaline electrolysis. The biggest benefits seem to be the reduced space requirements, which is a significant plus.

To summarize the key points: the initial 500 MWe phase is expected to be completed by 2027-28. The remaining 2,500 MWe could follow in a series of additional 500 MWe phases, depending on factors like market conditions, the electricity supply agreement with SSEN, and the progress of Project Union.