Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Yes, I'm sure IES and Elemental will be able to showcase the site for future projects. It's further proof that IES is well out of the proof of concept stage and can compete on the world stage. Canada has a growing interest in renewables and is backed with a very encouraging government.
I should have added that Sunak will face an enormous backlash for his latest statement but he could still achieve the net zero target of 2050 by the freeing up of the Grid to accelerate projects.
Carrying on from the Lords enquiry, it seems that Sunak has grasped some of the situation and intends to change the existing rules which presently mean that companies that want to connect their projects to the Grid must join a queue, and it is years long. Now he wants to give the Grid the power to prioritise the more viable and important projects which will include storage. Thats the gist of this story which might be behind a paywall.
Https://www.telegraph.co.uk/business/2023/09/20/rishi-sunak-plan-free-britain-electricity-national-grid/
It'll be interesting to see what happens on OTC this afternoon. It went up 15% yesterday.
Although Larry had to be in the New York studio for the interview, I was wondering what he was doing in the US. I think he's more or less based there and I think he lives in California but could he be negotiating another US deal? It seems that the US is becoming more and more important for IES. Just idle conjecture on my part.
The last couple of minutes contained an astonishing soundbite. Harper related that Gamesa have said to him that, if the next generation that is beginning to be piloted can be made to work and scale up, they can sell all that IES can produce. With Siemens ability in large scale engineering behind this project, that is an almost limitless amount of battery capacity that can be sold.
In an earlier podcast IES have said they are already very confident about Mistral's technology so I'm pretty confident about the outcome of the pilot project. It's just a question of fine tuning to give optimum performance and to see what the units are capable of. We've heard of one of them and we have been told to expect more to be announced this year with full commercialisation next year.
This on top of the order pipeline for the existing battery makes the next 12 months look very exciting.
Here it is in a news alert
https://polaris.brighterir.com/public/invinity/news/rns/story/x8moypw
More on the subject.
Https://newsdirect.com/news/reducing-fire-risk-for-battery-energy-storage-systems-and-electric-vehicles-381244668
Everywhere you look on the RNS's and reports you find huge potential, with pilot projects, testing etc and initial orders everywhere. I thought that 2023 would be the making of IES but, with the aforementioned, 2024 could be the year of mega orders and probably breakeven/profit. 2023 has been good so far and will probably get even better but for me the big returns will be next year.
Just had a quick tot up of the population covered and it turns out to be over 50mn so the potential Diabetic market is around 10 million.
A very high percentage of diabetics in the population in the area at 20% compared with US at just over 11% and the UK at 6%.
Very positive RNS which reinforces Larry's claim a few months back that 2023 would be a pivotal year for IES. Strong increase in sales with a growing pipeline. The sale to Bulgaria is interesting in that I can't believe IES's salesforce is trawling that part of the world so the Bulgarians must have come to IES which means IES's reputation and VFB's are growing in the wider space.
What's not to like in this RNS?
Thanks for that pekingduck. We discussed the need for further funds a week or so ago and we thought that IES would, despite having funding lasting to up to June next year, go to the Market about 3 months or so earlier than that. It was also mooted that is would most likely be the last fundraise they would need. That might have been optimistic somewhat in view of the large orders expected that would need financing but you have to take a view somewhere.
Unfortunately for IES they are on AIM which has been great for small early stage companies to raise money via IPO's but is turning Carp for ongoing investment sentiment. AIM was initially a bit of a Wild West market when it started and investors were willing to take risks but now, especially with the general economic background, that willingness has wilted and caution is the byword today. At some stage , IES will be forced to list on NASDAQ for exposure to the more risk taking environment of the States IMHO.
Although the SP is disappointing, the company itself is doing very well and fulfilling it's promise to make 2023 it's pivotal year. I suppose you could say that value will ultimately come through but it's very frustrating waiting.