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Cartridge swap to replace existing burners with hydrogen-blend ready burners is a simple job that will be carried out by gas engineers as part of annual boiler servicing, starting once the Govt has mandated the change to hydrogen blend gas supply. The area/regional change-over to natural gas-hydrogen blend will then be organised by the gas suppliers once conversions have been carried out. Serious planning for this is well underway by suppliers and manufacturers - just needs the green light from Boris.

With ITM at the helm Boris can take the lead in Europe on H2 in gas grid conversion like we did with covid vaccine roll out. Rule Britannia and all that!

Mick B - the boiler upgrades to hydrogen blend burners will be mandated are likely to be charged by manufacturers to customers - a straightforward cartridge swap like your printer in cartridge that will have to be done by certified gas engineer. They will all be getting a short one day training course on doing the swap over. They do similar training now on new models. 25 million homes on gas grid to convert.

McBoatface re your comment quote The difficulty is in converting boilers for boilers and the sheer number of gas engineers required to flip a city over in a couple of days.....? Some serious computational attention required for designing the roll out tactics.

Serious planning is well underway and all manufacturers are signed up - all boilers will be gradually replaced/modified with hydrogen ready. They can still run on natural gas until areas are switched over to blended once all boilers in that area are converted. 45 min switch-over per house. Burners need to be changed 97% of other components are the same. Target date 2025 for completion of boiler conversion subject to Govt go ahead.

We are up 266% over 12 months;-)

Rome wasn't built in a day etc......

Sorry if already posted but this in now on the HL platform and given recent hydrogen stocks retrace is significantly below the recent launch price. Possibly a good time to get in. DYOR

Agree 100% Hedy, in fact I usually stay away from the Board when the SP retraces, which will inevitably happen over time, to avoid reading negative statements. I also am a LTH with faith that hydrogen is the long term answer, that it is a massive market and companies like ITM have a brilliant future. The recent Daimler announcement about laying off thousands of workers who will no longer (through natural wastage etc) be needed because EV cars are much simpler and easier to produce and maintain removing thousands of parts from assembly, shows the shift in the automotive industry; this type of transition will take place across the entire industrial landscape skin to a science fiction novel and ITM will be one of the companies at the fore-front of this change.

Already developed and ready to go....now needs green light

http://www.fchea.org/in-transition/2020/10/19/between-the-coasts-texas

Good time to buy...significant drop from launch price!

Hydrogen storage opportunities here.
https://www.washingtonpost.com/nation/2021/02/17/texas-abbott-wind-turbines-outages/

We have been here before - remember how the SP struggled to stay above £3 for weeks on end. Quality always takes longer.

Many thanks for your responses. Within a generation we should see a significant proportion of the existing fossil fuel market transitioned over to renewables - 70/30, 60/40 etc who knows. The impact of that transition on renewable funds will be massive so even if it takes a few years, this ETF should give a healthy return on capital invested, even taking current high prices of individual companies in the portfolio. At some point this transition could turn into a landslide as folks abandon the sinking fossil fuel ship.

Not on HL yet. Has anyone used another platform to buy?

Looking at the fund aims it is likely that ITM will be part of the fund portfolio. £££££ :-)

https://www.barchart.com/stocks/quotes/ITM.LN

Mark Carney - Climate crisis deaths 'will be worse than Covid

https://www.bbc.com/news/business-55944570

Research by King’s College London and Imperial College London estimated that between 2014 – 2016 more than 4,000 Londoners were hospitalised because air pollution worsened their asthma or, in the elderly, serious lung conditions.
Around 1,000 of those hospital admissions were of children under the age of 14. Asthma is the most common reason for urgent admissions to hospital in children in England. The total number of asthma admissions for children in London over the period of this study was 11,000 – meaning almost 10% of children’s asthma admissions are due to London’s air pollution.
Older people were also badly affected, with a high number of over-65s also suffering from the serious lung condition chronic obstructive pulmonary disease, COPD, which is made worse by air pollution. On average, over the period of the study, two Londoners over the age of 65 were hospitalised every day due asthma or COPD exacerbated by air pollution.

This inquest decision on poor air quality being contributory factor in death will also be a major driver -
https://www.newscientist.com/article/2263428-rosamund-kissi-debrah-clean-air-ellas-law-would-honour-her-memory/

If still in doubt read through this:
https://home.kpmg/xx/en/home/insights/2018/08/new-drivers-of-the-renewable-energy-transition-article-series.html

Not completely foolproof but if an AIM venture gets buy-in from a big name (ie Shell, Linde, SNAM with ITM and Bosch with Ceres) you know they will have done a lot of due diligence and are reasonably confident of success. I agree with Bilbo about covering the bases and spreading risk. The big difference with the dot.com boom is we have climate change drivers eg legislation is forcing ICE vehicles off the road, hydrogen ready boilers etc. Dot.com was largely a mirage and like social media sites, driven by trends rather than necessity. If there was a decent H2 fund I might buy into that but for now we can create our own individual funds covering off the big and small players with low/medium and high risk profiles. I now have c30 stocks in my own fund covering all areas of hydrogen production and use. Way too many probably but it beats stamp collecting. ITM, McPhy, Nel, Hexagon, Plug, Hyundai, Daimler, Ceres, Linde, SNAM, CNHI etc etc provide an endless news stream of interesting new deals and developments in a rapidly changing world helped along with Biden at the helm in USA. I have a 10 - 20 year time horizon and beyond so bumps in the road and market corrections should hopefully be ironed out. GLA the long term future in this sector is glowing - don't be put off by critics with a chip on their shoulder.