Member Info for markbantam

Interesting article. The lack of sales is not helping build the ITM brand and makes it vulnerable to cheaper import. Appears that alkaline type technology will be initially underpressure from cheap imports but membrane technology wouldn't be far behind to succumb. Still time for iTM to get their act together but the clock is ticking.
https://www.rechargenews.com/energy-transition/exclusive-chance-is-high-that-china-will-take-over-global-hydrogen-electrolyser-market-in-similar-way-to-solar-sector-bnef/2-1-1230106

I can't find anything about this on the NEL website . Is it a Monday morning failure of my part?!

https://www.marketscreener.com/quote/stock/NEL-ASA-1413121/news/Nel-ASA-Key-information-relating-to-subsequent-offering-to-be-carried-out-by-Nel-ASA-39843512/

https://www.rechargenews.com/energy-transition/leading-european-hydrogen-electrolyser-makers-add-over-250m-to-factory-expansion-funds/2-1-1191406

" 3) made wind turbine installations (off shore and on shore) subject to nimbies
So the dumb Brexiteers continue to fight for fossil fuels and against the humans who vote for them" .
The planning controls were brought in in 2012 under Cameron in2012, a remainer . https://www.independent.co.uk/climate-change/news/planning-onshore-wind-farms-kwarteng-b2041587.html

Bellers, thank you. Cheaper capex than PEM type and agree doesn't suffer from membrane deterioration. However nothing is for nothing and CPH2 electroylser design leads to in my opnion an increased safety risk via the hydrgoen / oxygen flammable mixture. I can't think of any industrial examples where flammable mixtures e.g hydrogen, hydrocarbon with oxygen present are processed together when it can be avoided. I wonder if an independent safety consultant has carried out a HAZID study or HAZOP.

Truthfactory, Bellers. What are your thoughts on risk regarding the safety aspects of mixing hydrgogen and oxygen in the electrolyer? Cannot see if any independent safety assessment on this. Reports of explosion in existing industrial units in chlor alkali electrolyers often point to oxygen ingress.

In his todays Sunday times column, Ian talks about the recent rise and fall of ITM shares - nothing new there. However in the comments section one person mentioned the second giga factory and the possibility of an international one next. In response to this Ian replied that that there was important news on the horizon at Sheffield and intends to remain long in ITM.

aandi, thanks for your input re JV. I am surprised that a nearly 3x increase in "MW sales" leads to only a 16% increase in revenue. I'm must be missing something as I don't think that is good!

Looking at the rns for future growth, regarding the backlog + pipeline figures. On one line it shows figures of a 179% change for MW whilst on the lower line for £ it shows figures for 16% change. Anyone provide the basis of these figures?

jinglejangle - agree hold for the long term or buy more to average down but of course beware of the falling knife and who knows the bottom Berenberg have put a target price of 300
https://www.marketbeat.com/instant-alerts/lon-itm-a-buy-or-sell-right-now-2022-01-2/

You are correct that there is an excess of "wind capacity" in the north under some conditions and constraint payments have to be made to operators to stop electicity generation. National Grid states that the infrastucture hasn't the capacity required to bring all the power to the south but have proposals to rectify it (Network Options Assessment publication) . So it appears that it currently benefits operators to turn off wind capacity than invest in an electroyser/hydrogen production.

In addition to bilbo comments on banning grey, blue hydrogen etc, mulitple orders for hydrogen will start when there is an excess of green electrical energy that cannnot be consumed directly by users. Long way to go for that, so will be in 2030s I guess so you need to be in for long term

try again
www.ii.co.uk/analysis-commentary/itm-power-management-answers-your-questions-ii520489?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_110621%20(1)&utm_content=newsletter&spMailingID=13848743&spUserID=MTM4NzM1NDEzNjQ1S0&spJobID=1772906946&spReportId=MTc3MjkwNjk0NgS2

apologies if already posted
ii.co.uk/analysis-commentary/itm-power-management-answers-your-questions-ii520489?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_110621%20(1)&utm_content=newsletter&spMailingID=13848743&spUserID=MTM4NzM1NDEzNjQ1S0&spJobID=1772906946&spReportId=MTc3MjkwNjk0NgS2

johnpohn - you make some interesting points for discussion by comparing the 53 x revenue for plug power to 500 X revenue for ITM resulting in a factor of 10 between the 2 companies.
Hence on your comparison analysis
a) ITM have a "target" to increase their revenue by 10x i.e 40 million revenue - is this likely in the near future?
b) Alternatively the share price should drop by 10x to between 37 & 39 - is this likely?
All answers on a post(card) message . GLA

and todays headline in the Telegraph " Ballooning hydrogen stocks must deliver before they pop" !
According to JP Morgan, “ ITM Power as among those having more room to rise."
https://www.telegraph.co.uk/business/2021/05/30/ballooning-hydrogen-stocks-must-deliver-pop/

"Germany will fund 62 large-scale hydrogen projects with as much as US$10 billion in federal and state funds as it aims to become the world’s leader in hydrogen technologies, the German ministries of economy and transport said on Friday..
The energy ministry will oversee 50 of the projects, including plans for more than 2 gigawatts (GW) of electrolysis capacity for making green hydrogen"
https://oilprice.com/Alternative-Energy/Fuel-Cells/Germany-Pumps-10-Billion-In-Hydrogen-In-Bid-To-Become-Global-Leader.html

a saturday morning quick read
https://www.spectator.co.uk/article/why-are-the-greens-so-opposed-to-the-hydrogen-economy-

The transition to hydrogen is just at the start of its journey so there will be ups and downs in share price in the near future. There are an increasing number of proposed projects but until there is an excess of primary renewable energy ( from wind /solar) to provide electricity to generate hydrogen, progress will be slowish and it will take time no matter what a lot of hand wringers say. To get an idea where the industry is, the announcement by orsted yesterday provides an indication - " a small but important step".
https://fuelcellsworks.com/news/orsted-breaks-ground-on-first-renewable-hydrogen-project/

Nel is part of the project consortium.
https://fuelcellsworks.com/news/orsted-breaks-ground-on-first-renewable-hydrogen-project/

Toneman, I don't think it is an alkaline electrolyser with a "separator" from the comment on their website regarding the sale of an electrolyser to Ireland . "The CPH2 system produces a mixed gas that is cryogenically separated. It makes use of a highly efficient heat exchanger to recover the cold energy invested in the distillation of the oxygen from the mixed gas stream, and this process renders the separation highly efficient. The CPH2 safety philosophy ensures complete safety for operators and components alike, unlike membrane-separated technology systems such as PEM and Alkaline, where membrane failure can lead to undetected mixing of gases and consequential catastrophic ignition."

I assume ITM and Nel have O2 in hydrogen detectors in place ( and vice versa) . I wonder what are the safety risks of the CPH2 producing a mixture?