Member Info for JeffMills

250MW of electrolysers and a 200MW hydrogen power plant in Whyalla, backed by A$593m ($374m) in subsidies through its Hydrogen Jobs Plan.

The South Australian government today agreed to supply a 250MW green hydrogen hub to Liberty Steel's Whyalla steelworks, with Linde as the chosen supplier. Simultaneously, it announced an accelerated net zero target for 2027, advancing from 2030. This move seems linked to ITM's recent announcement about a project of similar scale, hinting at a potential contract signing soon..

Dennis Schulz's recent statements hint strongly at imminent rapid growth for ITM without explicitly breaching any legal boundaries. It's time to acknowledge the signs and anticipate significant expansion ahead.

Disagreeing with the sentiment that a few contracts won't significantly impact the shareprice seems shortsighted, especially given recent market reactions. Take Fusion Fuel's example, where just an announcement of EU support for a 620MW green hydrogen factory led to a 400% spike in their stock price in a single day, despite retracing later. Reflecting on their share price journey from £0.50 in November to £4.00 post-announcement, it's clear that impactful news can indeed lead to substantial market movements. In the context of ITM, securing a few hundred million-pound contracts could very well trigger a similar or even greater surge, given its positioning on AIM, a market known for its volatility. The potential for rapid gains or losses is inherent, but it's the breakthrough announcements that often catalyse significant shifts in valuation.

Seriously, what's with the negativity? ITM just completed a successful 12-month turnaround, exceeded revenue targets, and is on the brink of sealing a massive deal with Shell for over 100MW. We're also in talks for another significant project. Patience is key, especially with the EU injecting funds into the industry. Let's focus on the positive momentum instead of getting frustrated over minor setbacks. We're on the verge of something big here, so let's keep our heads up and stay optimistic. Im calling 200 by the end of the year, all it takes is one contract mentioned above to be signed and we're off.

Just as the initial pledge of £28 billion did not affect the share price, dropping the figure will have no impact either.

The news clarifies that the government isn't committed to the £28 billion figure, but it doesn't indicate dropping the policy entirely, just adjusting the exact amount.

Today is a game-changer for ITM Power, dropping the word "profit" bomb for the first time. Dennis spilled the tea on a fourfold revenue boost, all while keeping their cash stash well intact. He's basically saying they're on standby for big contracts and waiting for inflation to cool off a bit more. Brace yourself for a wild ride in the next 12 months!

Https://www.linkedin.com/feed/update/urn:li:activity:7151315280902672384/

We are delighted to have welcomed Lord Callanan, Minister for Energy Efficiency and Green Finance, at our Sheffield operations today. We continued the discussions which started on the back of the recent visit by Jeremy Hunt, Chancellor of the Exchequer, where he announced the UK government’s £4.5 billion funding programme for British manufacturing.

It was a pleasure to show Lord Callanan and his team how real and tangible commercial electrolyser volume manufacturing has become.

We look forward to advancing the UK to the forefront of the global hydrogen success story.

Your contributions to other forums are quite entertaining. Your lack of comprehension is evident. Are individuals holding shares in companies like Hotel Chocolat also deemed gamblers? Given its recent acquisition for over 250% of its share price, your perspective seems misguided. Perhaps the one displaying a lack of understanding is you. Utilising the LSE chat room for unwarranted venting is embarrassing. STFU please.

Do you comprehend the rationale behind the crashes Nit2? Instead of displaying unbridled frustration, exhibit composure and refrain from derogatory remarks. Investors in AIM shares are not mere gamblers; they strategically chose growth shares. AIM/growth shares are adversely affected by inflation and uncertainty, unforeseen events like the European conflict post-COVID being an example. Presently, with declining inflation, these sp's have reached their bottom, poised for an upswing. Personally invested in ITM, AFC for energy, and e-commerce entities like Boohoo, THG, and Asos. + I will never listen to someone who says coz instead of because.

Where does it say ITM are being used?

Https://www.cnbc.com/2023/12/13/fed-interest-rate-decision-december-2023.html?taid=6579ff821bc5b500015465eb&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter%7Cmain

Could this be the start of the recovery?

Electrocysers made by Chinese companies have been missing safety features in the system design and lower-than-promised efficiencies according to Bloomberg.

https://www.hydrogeninsight.com/production/exclusive-worlds-largest-green-hydrogen-project-has-major-problems-due-to-its-chinese-electrolysers-bnef/2-1-1566679

"By 2030, we aim to deliver 10GW of low carbon hydrogen production capacity, including at least half from green hydrogen sources, supporting more than 12,000 jobs and up to £11bn of private investment across the UK."

Find it amusing how some still try to downplay things here. We're poised for a significant uptake in contracts – atleast 5GW in the next six years, and that's just in the UK. Exciting times ahead.

"Government prepares to publish its long-awaited “Hydrogen Roadmap”, which will set out how the UK can build a network of hydrogen production factories, and convert homes, businesses, and transport networks to the green fuel."

The UK's ambitious 6GW electrolyzer goal by 2030 is eagerly anticipated, and expectations are high for the upcoming announcement outlining the pathway. With notable interest in ITM and recent visits from the Chancellor, prospects for significant contracts and exciting developments lie ahead.

Source: https://www.telegraph.co.uk/business/2023/12/09/unpopular-hydrogen-trials-expanded-more-homes-backlash/

Amazon does it too so nothing new – sells stuff directly and lets others sell too.

Yeah, it's a mix since they sell a bunch of Boohoo brands. What's cool is it only turned into a marketplace when Boohoo took the reins – wasn't like that before

Upon further investigation into Debenhams, it seems I might have been mistaken about its business model. It appears there's a marketplace aspect to it. Are we the next Amazon? Ha.