Member Info for JeffMills

Grants: The French government will provide financial support to companies investing in renewable hydrogen and biomass. This support will come in the form of direct grants, meaning companies will receive money directly from the government to help cover the costs of their projects.

Timeframe: Companies receiving these grants must complete their projects within 36 months. In other words, they have three years from the time they receive the grants to finish their work and start operating. This ensures that the projects move forward efficiently and contribute to the transition towards renewable energy within a reasonable timeframe.

The European Commission approved a €900 million French scheme to support companies investing in biomass and renewable hydrogen for energy and fuel production, aligning with the Green Deal Industrial Plan. This aid, granted under the State aid Temporary Crisis and Transition Framework, aims to accelerate the green transition and reduce fuel dependencies. The French measure supports the production of heat, fuels, and liquid fuels from biomass and renewable hydrogen for industrial processes and transport. It takes the form of direct grants and is open to new installations and scaled-up projects, requiring completion within 36 months. The Commission found the scheme compliant with the Framework, ensuring aid incentivizes renewable energy production, adheres to aid intensity limits, and is granted by December 31, 2025. Approved under EU State aid rules, the scheme contributes to implementing the REPowerEU Plan and the Green Deal Industrial Plan. This decision comes in the context of the Temporary Crisis and Transition Framework, adopted to support sectors crucial for transitioning to a net-zero economy, with provisions amended following Russia's aggression against Ukraine.

ITM's decision not to announce the sale through an RNS suggests that they view it as relatively small compared to other developments on the horizon... This implies that ITM Power likely has larger, more impactful projects or milestones in the pipeline, which could potentially offer greater value to shareholders in the long term.

Absolutely, you're correct Jim.

However, while companies like ITM Power have a legal obligation to disclose material information, the significance of a specific transaction can be contextual. For instance, if ITM Power sells a small 2mw to Japan, they might argue that its impact relative to their overall operations is minimal. For example, if RWE announces a 260 MW project, ITM Power's smaller transaction may seem inconsequential in comparison. Therefore, ITM Power could reasonably consider the transaction's size and significance in the broader industry context when deciding on disclosure. As long as this decision aligns with regulatory guidelines and is made in good faith, it's typically considered legal and within their discretion as a company.

The reasons could be strategic, such as not wanting to disclose too much about their market penetration plans: By avoiding public announcements via RNS, they can maintain a strategic advantage and avoid drawing attention from competitors, allowing them to establish a foothold in Japan without alerting everyone to their market entry strategy. This approach helps them operate under the radar and potentially negotiate more favourable deals with clients or partners in Japan.

To me, ITM's decision not to share Japan's first purchase of a MW electrolyser from an international company via an RNS indicates a pending major announcement which makes this seem like nothing, could it involve a significant deal with RWE? Speculations suggest a potential agreement spanning 100-260MW over four years, potentially driving the share price back above £1.50 this summer. Come on Dennis.

To be honest, they might be planning a major reveal which makes this seem like nothing, such as deploying several hundred megawatts, or they could be maintaining silence to prevent premature market reactions before a big investor buys in like mentioned below. The significant growth potential in Japan's green hydrogen sector, backed by substantial government investments, underscores the importance of ITM's position. This strategic silence hints at careful planning that could shape the company's future significantly.

ITM's decision to withhold news of the megawatt electrocyser sale to Japan could be part of a strategy to deliberately stabilise their share price. By keeping developments quiet, they may be creating an opportunity for significant investors to enter the market at a lower price point before any substantial rise. This calculated approach could enable big investors to capitalise on potential future growth before it accelerates too rapidly.

In an unexpected move to drive the automotive industry towards a more sustainable future, Toyota has implemented a hefty price reduction on the Mirai, its pioneering hydrogen fuel cell vehicle. Initially priced around $60,000, the luxury sedan has seen a decrease of up to $20,000 in the United States. This 60% discount is seen as a strategic initiative by Toyota to bolster sales of the Mirai and spur wider acceptance of hydrogen-powered transport.

https://twitter.com/kaffjamesnewtow/status/1771946599012274207

We are already deeply engaged with them through the 200MW pilot projects at Lingen, and considering their ambitious target of 2GW within the next 6 years, this is incredibly exciting news!

RWE announced today it is developing a large-scale green hydrogen production plant with an initial size of up to 260 MWe electrolyzer, capable of producing up to five tonnes per hour of green hydrogen. It seems the price ITM was working on for a several 100MW project will be this, great news. Expecting an RNS about this contract in the next 6 months, one of many this year for the future.

https://www.offshore-energy.biz/rwes-plans-for-green-hydrogen-production-in-teesside-gain-ground/

I can't help but chuckle when I hear people grumble about a clip regarding rebranding, as if they know more than the former head of strategy of Linde, the chief officer, and managing director. Since his tenure began, he's orchestrated a remarkable turnaround for the company. While we're all eager for immediate deals, it's clear that patience is paramount. Green hydrogen, once a mere possibility, now stands as a certainty in my view. Governments are funnelling funds into it, and the momentum is undeniable. So, let's take a step back, remain patient, and watch the transformation unfold.

Interesting take on marketing and rebranding. With recent milestones like the Shell deal and visits from the UK government, visibility is key Toneman.

The Department for Energy Security and Net Zero visited us twice this week, which seems like a big deal. It shows they're really interested in what we're doing with our electrolyser technology. Maybe they're considering some kind of partnership or support for our clean energy solutions. It definitely feels like our work is getting some serious attention from the government. [announced via linkedln 2 hours ago]

Let's not waste any more time on Stockcheque's parade of nonsense, shall we? It's like arguing with a parrot that only knows one tune, and quite frankly, it's getting old. So let's leave the circus act behind and have a real conversation based on facts, not the ramblings of an overconfident fool

I genuinely feel for the guy, seems like he's missed the mark on what the RNS about AFC's cracker was really saying. It's not just about the energy savings; it's crucial to understand that the ammonia in question is essentially green hydrogen in a more transportable form. AFC's all about getting green hydrogen to the spots that are off the grid. This cracker tech is spot on for that. When you can't get green hydrogen directly, cracking ammonia back into hydrogen on-site makes perfect sense. Sorry for the spam.

PEM electrolyzers are ideal for large-scale green hydrogen production directly from water and renewable energy. Ammonia crackers, however, are suitable for smaller-scale hydrogen needs or in remote locations where direct hydrogen transport is impractical. They're not competitors but complementary technologies within the hydrogen supply chain, each serving distinct roles.

The argument that an ammonia cracker, due to its lower energy consumption, is inherently superior for green hydrogen production overlooks a critical point: the necessity of electrolyzers to produce the hydrogen that becomes ammonia in the first place. Electrolyzers, particularly PEM (Proton Exchange Membrane) types, are indispensable for splitting water into hydrogen and oxygen using electricity—ideally from renewable sources. This hydrogen can then be converted into ammonia for easier storage and transport. Thus, without electrolyzers, there would be no hydrogen to feed into the cracker. Asserting the superiority of ammonia crackers without acknowledging their dependency on the initial hydrogen production process is not just naive; it fundamentally misunderstands the complementary nature of these technologies in the green hydrogen production and supply chain.

ITMs pems are crucial for producing green hydrogen sustainably from renewable energy, while ammonia crackers provide a flexible solution for hydrogen distribution and use by converting stored ammonia back to hydrogen on-demand. Together, they address both sustainable production and efficient logistics in the hydrogen economy. Do you even know what you are talking about constructivenews?

It seems there's a fundamental aspect being overlooked here? The focus shouldn't be solely on the convenience of cracking ammonia into hydrogen wherever needed. Rather, it's crucial to consider how the ammonia is produced and the overarching environmental implications of the entire process.