Member Info for RickSanchez

USAB, really, take 5 minutes to read the article, you could not be more wrong. Trump specifically spoke about wind energy and stopping construction of wind farms on federal lands. Trump was very clear about his dislike for wind-generators and as a result companies are backing out now.

"

This week, Italian cable manufacturer Prysmian Group said it was scrapping plans to build a factory in Somerset, Massachusetts, which would have made cables for the offshore wind sector.  

Other investors had already scaled back their US renewable energy plans in the US ahead of Trump’s return. German energy giant RWE announced in November it was pulling back its US wind power plans. 

Nearly 25GW of offshore wind projects, 65 per cent of the US projects in development, are unlikely to progress under the Trump administration, Rystad Energy said on Tuesday."

Read the article, educate yourself

https://www.ft.com/content/fcaf50dc-6779-44d2-a7fa-264df798a4c1

Plug Power down 29% in 5 days. Trump is following though with what he said he was going to do, no surprises there. ITM will be stung hard!

Let's see if Dennis gives an update next week on this, it has been almost 7 months now and not a peep. But as I said thanks to Trump, expect this arrangement to be less than 500MW. I expect the CEO to say something, if nothing get's mentioned, down we go.

Nomlungu well said, also take USAB's posts with a truckload of salt.

Agreed, ignore or filter. It's not difficult.

Tc_smp agreed, sadly, Trump, Musk, Zuckerberg the rest of Trumps entourage are only in it for their own financial gain. This will probably be Trumps last term as president given his age and it will see him escape a Jail cell, then move on to make a fortune through is crypto endeavours and what ever deals he has made with Musk and the oil giants.

Article expert

"The already-uncertain future of green hydrogen in the US was thrown into even sharper relief on Monday when President Donald Trump used the first day of his presidency to halt the disbursement of government funds for green energy and clean H2 projects — including those for the $8bn Regional Hydrogen Hubs programme.

And although industry players and analysts remain hopeful that the subsidies for green and blue hydrogen projects will emerge from the current “pause” largely intact thanks to bipartisan support, the nominations for key energy posts in the new administration give little indication that anyone in Trump­’s government will be prepared to support them.

Moreover, one candidate in line for an influential position is on the record as expressing serious doubts about the US’s previous ambition to scale up clean hydrogen, and its utility in replacing fossil fuels."

Bilbo, other than the ITM logo on page 40 I cannot see any further details regarding ITM's involvement in this project anywhere in the document, did you?

Angle he has already rewarded him self, nearly 2.2 million quid so far. So between him the other execs and the shorts, they have been coining it. And some holders here getting excited over some linked-in posts that amount to nothing two years running.

Angle, the point is that he gets paid to post positive news. His very large paycheque depends on it. But no serious investors pay much attention to what he says, he has been posting for over two years now and driven the stock value all the way down. The one's who keep reposting his comments just reveal themselves as gullible amateurs.

Just read through the RNS from over 6months ago and spotted a worrying detail. I still don't regard RNS as meaningful, only FID's are but for those who hang on to this news.

"The agreement covers the period until the end of the 2028 calendar year and foresees call-offs against future projects in Europe and the US."

Not only is that a potential wait of four more years but...

I think it is safe to say that any US projects are set to walk the plank and highly likely face cancellation. Now we know capacity reservations can be altered at any point, meaning the 500mw total will be reduced by what ever projects were planned and canned in the US.

So yes, what Trump does in the US does directly affect ITM. Fact! More Pain to Come!

*2years and 2months

Relentless re-posting of Dennis's linked-in comments really goes to show just how little there is to promote this company. Re-posting the comments of a man who takes a monthly salary of 86k really is scraping the barrel. You can say with 100% certainty he gets paid to say those things. So far he has bagged £2192000 from shareholder funds. What has he achieved, running a company that cannot attract any stock purchases after 2.2months as CEO.

Pav, what makes you say that?

Svend, I was wondering the same, once they do though then this will start looking very attractive, the last hurdle is the state of the UK economy, still very high borrowing costs and inflation. On the fence here, still a good entry point but need to see a more positive economic outlook. Also waiting to see what Trump has up is tariff sleeves

Cureboy when it comes to cars sure, but who wants to buy hydrogen? Big industries all over the world, and they want it cheap, it burns the same as the expensive stuff. Where do you think the solar panels in EU and UKcome from. China was by far the largest supplier of solar panels, accounting for 98% of all imports. China is building itself up as the most cost-effective nation for hydrogen, just like they did with solar.

Rystad Energy said that China's hydrogen electrolyzer capacity could hit 2.5 GW by the end of December, reaching its 2025 green hydrogen production target one year in advance. “This capacity is expected to produce 220,000 tons per annum (tpa) of green hydrogen, 6-kilotons per annum (ktpa) more than the rest of the world combined,” said the Norway-based energy research company. China said it aims to achieve a green hydrogen production target of 200,000 tpa by the end of 2025 under its national plan, which was published in 2022

Will have commercial production of up to 1GW a year, starting in January 2025. The largest in the world to date at 279861 sqft, larger than ITM 134000 sqft, hence can allow for expansion above 1GW in the future. Has highly efficient automated production lines and to receive further funding from the Chinese government to improve efficiency and production capabilities.

Kontiki you are totally right and China is investing into improving performance of PEM, alkaline, AEM and solid-oxide electrolyser stacks. Just look at the size of Xingran's PEM electrolyser stacks to be released this month. PEM tech in China will only get better. Links below. Remeber, China being a BRICS nation will have much easier access to iridium from Russia and South Africa

Xingran's PEM electrolyser - From their factory more than double the size of ITM's

https://fuelcellsworks.com/2024/10/04/green-hydrogen/xingran-technology-nears-completion-of-major-pem-electrolyzer-production-base-in-changzhou

China boosting electrolyser performance.

https://www.hydrogeninsight.com/power/china-to-help-hydrogen-tech-firms-improve-performance-of-pem-alkaline-aem-and-solid-oxide-electrolyser-stacks/2-1-1766949

SatellitePro - Agreed. But there will be casualties along the way. Green hydrogen could be one of them.