Member Info for JeffMills

Despite the ongoing conflict in Ukraine, it's encouraging to witness the UK actively engaging in EU projects. With potential announcements of FIDs from ITM in the coming months, doubling the share price within a week isn't out of the question in my opinion. Exciting times ahead!

Financial Stability:

ITM: Boasts over £200 million in the bank, providing stability and room for growth.

AFC: Facing cashflow challenges, with reserves dwindling and a pending crisis.

Strategic Partnerships:

ITM: Secured partnerships with industry giants like Shell, RWE, and others, indicating strong market positioning.

AFC: Limited partnerships, with deals like Speedy Hire offering significantly lower returns.

Market Presence:

ITM: Operating out of substantial warehouse facilities, positioned for scalability and expansion.

AFC: Still operating out of smaller-scale facilities, lacking the infrastructure for significant growth.

Industry Impact:

ITM: A key player in the hydrogen industry, with potential to drive sector growth and innovation.

AFC: Relies on advancements in the hydrogen sector for its own success, making ITM's progress crucial.

Just a heads up: ITM is a leader in electrolysers, while AFC is still finding its footing in the fuel cell sector. While ITM did burn through 40 million, they have over 200 million in the bank, ensuring stability until projected profitability in 2027. On the flip side, AFC looks set to run out of cash by year-end, likely leading to a raise at current levels. It might be wise to consider removing your cash until the raise is complete. Best of luck to all involved.

RWE secured a Dutch grant yesterday for a 50MW electrolyser, costing approximately 124 million euros. They plan to reach a Final Investment Decision (FID) before the end of this year, aiming for full operation by 2027. Dennis celebrated this announcement on his LinkedIn, RNS update soon? The momentum is undeniably building.

Dennis did mention an upcoming product announcement, so there's certainly some anticipation building. Let's hope it's the game-changing innovation we've been waiting for, but even if it's the larger plug-and-play Neptune series, that would still be a significant development.

RWE secured a Dutch grant yesterday for a 50MW electrolyser, costing approximately 124 million euros. They plan to reach a Final Investment Decision (FID) before the end of this year, aiming for full operation by 2027. Dennis celebrated this announcement on his LinkedIn, RNS update soon? The momentum is undeniably building.

Dennis's assurance that the Hygen deal won't impact their capacity for other partners hints at imminent signings. With ITM set to announce a game-changing product this year, the impending Uniper deal gains significance. This product could potentially double the current factory capacity without expansion perhaps? Dennis's calm demeanour reflects confidence in managing the increasing workload effectively..

Keep an eye on Schulz's comments on linkdln, he engages with companies ITM seems to have relationships with well before official announcements or contract signings. Hygen was a prime example.

I've found hes made comments to employees of Uniper, hinting at future deals with ITM. UNIPER's substantial investment of 8 billion euros in green over the next 6 years, along with their partnership with Plug Power for a 100 MW project, presents a promising opportunity for ITM to secure a significant deal for UNIPER's gigawatt-scale plant expansion in their phase 2 plans, which is scheduled for 2025-27.

Unipers green hydrogen order plan: https://www.uniper.energy/about-uniper/business-structure/hydrogen

Partnerships are great, the proof will always be in the pudding (or in this case, the hydrogen). It’s one thing to host meetings and showcase potential; it’s another to deliver tangible results that impact the bottom line. So while I applaud the progress, I’m keenly awaiting the follow-through. Let’s hope AFC’s journey from ‘infancy to maturity’ translates into real growth and not just well-aged presentations. Cheers to seeing more green power and less greenwashing!

We're merely a few FIDs away from potentially tripling our share price within six months, suggesting this could be just the beginning for those with a long-term view.

The estimated share price range of £2.00 to £3.00 is based on the significant boost this deal gives to ITM Power's annual revenues, almost doubling previous figures and greatly improving the company's financial outlook. This large, confirmed deal will likely elevate the market's view of ITM Power, showcasing its capability to handle major projects and signaling robust growth prospects. This new revenue stream not only enhances the company’s appeal to investors seeking growth in the renewable energy sector but also supports a higher valuation, potentially allowing the share price to double or even triple from its current level in the next 6 months.

So it will be interesting to hear more about this deal (dates/price - FID) but say revenue is projected at approximately £200 million spread evenly from 2024 to 2027, and assuming all other factors remain constant, the share price could potentially rise significantly. Based on the increase in annual revenue, a reasonable estimate might see the share price reaching upwards of £2.00 to £3.00, reflecting the company's expanded financial base and growth prospects.

Over the next 2-4 years, we're looking at significant growth with projects including 100+ MW for Shell, 200 MW for Hygen, and 200+ MW for RWE, alongside solo sales of Plug and Plays—things are certainly getting exciting

Estimated Revenue for ITM-Hygen Hydrogen Projects: £20M to £40M for Phase 1, Potentially Higher Due to Additional Costs of Plug and Play Electrolysers; £60M to £120M for Phase 2

Phase 1 (50 MW or 50,000 kW):

Lower estimate: $25 million ÷ 1.25 = £20 million

Higher estimate: $50 million ÷ 1.25 = £40 million

Phase 2 (150 MW or 150,000 kW):

Lower estimate: $75 million ÷ 1.25 = £60 million

Higher estimate: $150 million ÷ 1.25 = £120 million

This holds true for the decarbonisation of the industry as a whole, for green hydrogen and related infrastructure in particular, and for the electrolyser market as a crucial pillar and subset.

Many OEMs (and some investors) are falling to the trap of believing this will be a sprint, and that whoever sprints faster (and more aggressively) in the beginning will win, or at least make it to the end. But that’s is not how this will go…

ITM Power’s strategic priorities reflect the dynamic between the expected long-term and near-term market development. Leveraging our superior technology, and building on our experience in real-world deployments and on our reference plants, we are focussing on readiness and flexibility, whilst maintaining a strong balance sheet. Our priorities are to:

- remain at the forefront of technology, product and delivery credibility,

- scale our operations whilst retaining flexibility and conserving cash, and

- grow our global footprint and reach whilst staying adaptable.

Let's hope we secure the deal for the multiple 100 MW projects we're quoting for, finalise the Shell deal, and add another 10 plug-and-play units this year. If we can also announce the completion of the 200 MW project for RWE, these milestones could propel our share price well past 100 and possibly close to 200 by year-end.

Dennis is zeroing in on real results over buzz. He believes that genuine achievements, rather than hype, will build a stronger business and naturally lift the share price. While I get where you are coming from Cureboy—some hype might seem good to boost a sagging share price—it’s really about long-term value. Real success stories are what will truly reassure investors and improve our sp's health. ITM Power needs to consistently deliver on its promises to get back to 600p.

Just saw on Dennis Schulz's LinkedIn that ITM will be exhibiting at this year’s World Hydrogen Summit & Exhibition, where they are set to reveal a new product. This might be the "game-changing" CHRONOS or the larger plug-and-play Neptune. Exciting!

Yes, the fact that they consider two 2 MW plug-and-play installations not worthy of an RNS, but just a LinkedIn post, suggests to me that they might have something substantial to announce via RNS soon.

Shorting should be restricted in companies like ITM Power, which are driving innovation in sectors like green hydrogen. Allowing shorting in such firms can impede their growth potential and discourage investment in groundbreaking technologies crucial for addressing pressing global challenges like climate change. We require stability and investor confidence to secure funding and advance their pioneering solutions. Shorting introduces unnecessary volatility and speculative pressures that can undermine the long-term viability of these ventures, hindering their ability to achieve meaningful impact and sustainable growth. Therefore, restricting shorting in startup companies is essential to foster innovation and support the development of transformative technologies vital for a sustainable future.