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AFC are not going to be anywhere near the next generation of AI data centres.

These facilities will consume closer to gigawatts of power, which is why the operators are, variously, proposing to restart existing US nuclear facilities (Three Mile Island), order their own SMRs, and, in one case, build THREE new gas-fired power stations (that will be capable of conversion to green fuels at a later date).

Available power, in massive quantities, is a critical issue for these facilities. AFC is not a player in that league. Let's hope that we become a successful player in the ABB automotive scale facilities.

Vamosbien

Moreover, new wind capacity is coming onstream (almost) daily, accelerating the scale of financial loss. Further, the time to build the planned Scotland-England interconnector capacity to resolve this problem is considerable.

SSE's recently completed (large) Viking onshore windfarm in Shetland was paid over £1m in the first month of its operation.

This is a woeful example of a failure in 'joined-up government' and the complete failure to understand the concept of 'opportunity costs'. Milliband is obsessed with 'clean energy'. He seems completely ambivalent about his approach to it creating the most expensive energy for UK consumers.

So. . . . .On the face of it, is there an opportunity for ITM to provide 'excess electricity soaking capacity'; however, that would also require an operator, a credible offtake proposition and a means to buy or lease the kit that is financially sound. Given this problem could go on for ten years (or more as wind capital increases), there would seem to be a credible business case in there somewhere. The Scottish government would love it. Just some thoughts.

happily, this government has something that previous administrations did not. mr tufan with a loaded gun at their head.

if they do not progress 'at pace,' he will announce the construction of a major new factory outside the uk employing thousands of highly skilled workers—not in derby, not in scotch corner, not in yorkshire, but in deepest, darkest europe.

that is a possibility, but maybe better stated as a high probability going on racing certainty. i have no doubt that he will do that if he does not get 'his way' in pretty short order.

how humiliating would that be for uk ministers and the current administration? an unacceptably high price in political capital that they will not want to pay because it flies in the face of all of the policy priorities starmer announced yesterday at pinewood.

tufan's 'gun' is ****ed and loaded, and the clock is ticking.

Interesting that the Fool article did not mention Bosch and that they begin production next year too. Also written to imply that Doosan are the Indian market partner.

Typical quality of Fool articles - sloppy research.

Johnhenry. That is not really a credible proposition and it will correct with the appropriate announcement of orders.

This is interesting.

1. The Grangemouth site has had a refinery and petro-chem complex for decades. It has all the explosive/dangerous material permits, so there will be no planning delays like the Whitelees fiasco.

2. The Scottish Government has just published its Hydrogen strategy, and this project fits in exactly, so it will get their full support. It also evidences their 'just transition' policy from O&G to green jobs.

3. INEOS has announced the refinery will close, and circa 600 jobs will be lost. This project would mitigate some of that loss

4. The Scottish Parliament election is in 2026, and the SNP is not in a good position at the moment. This project would offer them excellent electoral value.

All of which says that if the business case is robust, this could happen quickly.

Ekimp

Because they have nothing coherent, logical or sensible to discuss about ITM. In the absence of any facts, some fantasy tittle tattle will do.

Constructive

The site plan is for an electrolyser to produce green hydrogen for a range of customers in that part of the world. H2 liquid to be delivered by road.

There is no ammonia anywhere in the equation. Hence there is no role for a cracker here.

Plenty of other opportunities, just not this one.

He will have delivered when the Time-on-wing performance matches (actually needs to beat) GE engines.

When that happens we will have rebuilt the airline operators confidence, and that is the confidence that matters, because that is the confidence that will order new RR engines.

that matter

Does anyone know the specific reasons for this decision eg is this in the middle of a housing estate?

Interesting that it has not arisen in other H2 related projects - what is special about this location?

Constructive

This nonsense was posted here a week ago. It was rubbish then as it is rubbish now.

Why are you repeating it ?

The Helikon position inITM has not changed since February 2024.

2024 not ‘transformational?

We signed three major Asian new license partners, including for SOEC, and a contract with Shell.

No, not very transformational at all.

Australian law currently prohibits nuclear power generation in the country. Maybe that will change.

We are out of favour because we have a major problem with Trent 1000. It is costing us reputationally and we have already lost new engine orders because of it. This is not a small thing and RR comment includes ( something to the effect of) expanded maintenance capacity will be complete by 2030.

Hence it is not small and it is not going away quickly.

Small problem - there is zero regulatory framework in the UK for micro reactors. Such frameworks and the associated planning consent regulations will not be developed quickly.

The current plan for SMRs is to avoid the regulatory problem by using current/former nuclear sites.

No. We are not due to supply fuel cells to Niftylift until ‘early 2025’.

SA1986 – a few thoughts.

Trump is unpredictable. However, he will not shut down the existing factories, e.g., PLUG and H2 production facilities already operating in the USA. Killing manufacturing jobs is the opposite of what he says he will do. He has now announced he will cut tax breaks on EVs, and Musk is cool with this because Trump had said he would put tariffs on all Chinese EVS, including those manufactured in Mexico.

I do not see this as an issue for ITM, as we have no material presence there anyway. Trump's climate change model says there isn't any. That means USA producers of electrolysers, etc., will have no significant domestic market, will fall behind in scale and technology, or will leave the USA.

Trump will do something on tariffs—because he has said it endlessly—which would potentially be unhelpful for us in the medium term. However, if he does that for the EU/UK, they will retaliate, making life harder for, e.g., PLUG and easier for European manufacturers like ITM. The 'America first' tariffs drive has the scope for large-scale disruption in Asia, Australia, and Europe, so the ripples could be large and wide-ranging and not at all beneficial for USA companies seeking to export.

The critical market driver in Europe is the replacement for Russian gas, and the political priority is never to be at such a high level of dependence and risk again. Addressing climate change at the same time is a very helpful collateral benefit. Europe is the fastest-moving market at the moment because it does not have any choice. Hence, that is the ITM's primary focus because large-scale plants will be planned and built, because there is no choice. Europe has the benefit of having a range of domestic manufacturers and a political willingness for them not to be swamped by Chinese kit that would destroy the European industry.

Similarly, Korea and Japan urgently need alternative energy sources—being carbon-free is a 'very good to have' benefit. Perhaps more challenging is for the ‘want to be’ major exporters, such as Australia, where large projects keep collapsing for lack of confirmed off-take customers. But that will change over time.

In the meantime, ITM's building up its presence in Germany is excellent as it adds an EU component to the total cost of manufacture, which will be essential in avoiding EU restrictions or tariffs. We are on the right track; it is slower than anyone would have liked. However, we are in the right place, with the right technology, and employ loads of people who speak the ‘right’ languages. MAGA Trump will impact none of this.

You are not very well informed,

Trump is a convicted felon on 34 counts. New York fraud cases.

Unhappily for him he cannot pardon himself on State criminal counts.

Scheicat.

Well done - you found the obscure precious metals society website I referred to. Did you check the link at the end of the article. That takes you to an even more obscure motorcycling website published in India, which has an article written by……….the same author.

Both published June this year and since then …….. has the world’s press been ablaze with the biggest sensation in low carbon motoring?

No apparently not. I wonder why?