Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Much, much more important sis that this is an up-scaled re-order from an existing customer who has been through the ITM ‘difficulty’.
This is a Shell endorsement that ITM is now ‘fixed’ and re-gained its status as a credible supplier for large scale projects, particularly in refineries.
iTM is therefore off the major project developer ‘watch and wait’ list. Interestingly at the same time as PLUG are going onto it.
The Shell announcement is telling the industry that the Schulz turnaround project has achieved its initial objectives and the wheels are back on ITM.
VERY Well done Dennis.
Stockcheque
Helikon seem to have most of their shorts placed (above 0.5%) between 4 - 25 July. For almost all of that time the price was below 14p and some of it below 12p.
That suggests that their position is very weak and almost certainly unprofitable at our current price. As you noted their short position is 16.49 million shares to be bought back.
That is not a very comfortable position for them, but may be very favourable for holders. Any thoughts on how they might approach winding this?
The Telegraph Article on this.
The mayor of Tees Valley is on the cusp of striking a deal with a US nuclear power company to build small modular nuclear reactors (SMRs) in northeast England.
Lord Houchen is poised to sign an agreement with Westinghouse to allow the manufacturer to develop four mini-nukes near the mouth of the River Tees, close to the existing Hartlepool nuclear power station.
SMRs are far smaller than conventional nuclear reactors and can be built in factories rather than being assembled on site.
Developers claim this new approach will make construction faster and cheaper, although none have yet been built in Britian.
Lord Houchen said: “Our region now is home to the UK’s largest and first operational freeport, attracting billions of pounds in investment and securing thousands of jobs for local people.
“That new industry will need energy, and now we have a real chance of Teesside leading the way in the UK for the roll out of SMRs.”
The announcement comes as the UK government prepares to publish its long-awaited nuclear roadmap, which will set out plans to build a new generation of nuclear reactors, both large and small, at sites around the UK.
The Teesside plan has been developed separately by a group of nuclear engineers and investors whose company, Community Nuclear Power, has won the backing of both Westinghouse and Tees Valley Combined Authority.
Paul Foster, Community Nuclear Power’s chief executive, said: “This project brings together Westinghouse’s proven technology and mature supply chain with our depth of expertise in nuclear programme delivery, in a region that is transforming its industrial landscape.”
Three sites are expected to host the SMRs, including the former Redcar steel works, the ICI Wilton chemical works site and one next to the existing Hartlepool nuclear power station.
Lord Houchen has said the four reactors are expected to cost less than £10bn and generate 1.2 gigawatts of power – enough for 1.6m homes.
He also said the project will be “completely privately funded”, without taxpayer subsidies.
Tom Greatrex, chief executive of the Nuclear Industry Association said: “Nuclear has to be the foundation of the UK’s future energy system. It is our only source of clean, reliable, and sovereign power, and according to the UN, it has the lowest carbon footprint of any electricity source.”
Industry analysts are also cautiously positive, Cornwall Insight analyst Tom Edwards said SMR sites are needed to prove whether the technology works.
He said: “The key benefit here is the scalability of the technology.”
A Department for Energy Security and Net Zero spokesperson said: “We are expanding UK nuclear power as part of our ambition to reach up to 24GW by 2050 – small modular reactors will help deliver cheaper, cleaner and more secure energy for families and businesses across the UK.
“This agreement showcases the potential of SMR technologies in supporting loca
Savvy - good post.
A lot of the traffic here last few days are traders with no knowledge about Ceres, the technology or the licensed partners. The JV will move forward when the Chinese regulators give the final sign-off and CWR will take another important step towards growth and profitability.
None of which is of any interest to the traders or speculators who have stopped by last few days.
Noggers.
That is the difference between being an investor or a trader.
Both equally valid ways of making money on CWR, but two very different mind/skill sets.
Jumping between the two can be a very expensive exercise.
I wonder why Octopus are selling this equipment. I also wonder if the price was not disclosed because Octopus do not want anyone to know the value of the hit they are taking on selling these assets.
Which would imply that AFC got a bargain.
Nojhead
Morrisons do not own their own logistics. The vehicles and three major distribution centres are owned and operated by logistics company Wincanton under a 5-year deal from 2019.
That aside, the AFC purchase is an excellent move and will give the construction companies hiring AFC kit solid assurance that there is a robust fuel supply.
They now have the technical regulatory approval that they did not previously.
Not having it cost them the Linde Niagra Falls 35 MW PEM contract last year.
That was before IRA - a very different USA market now for both us and Linde.
It is just CWR. The whole H2 sector, here, USA and Europe , has been in decline for quite a while now. YTD cwr, itm and afc all down 21-24%. In USA plug, and bloom down circa 44-48%.
Patience is the name of the game at the moment.
Winstanley
UK economic and energy policy is largely irrelevant for CWR. Our kit will be being produced in Korea and Germany in the near future and China shortly after that. Hopefully a USA license deal will be done and an IRA supported plant will be built there.
I expect the electrolyser business to follow a similar pattern. The UK is a small and very slowly developing market, and therefor not significant for us. Good for R&D tax credits and a very skilled workforce but not as a market.
We are connected to mush bigger manufacturing players that are building capacity targeted at larger and faster moving markets.
UK govt policy is a low impact, peripheral issue for Ceres.