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This does seem a very very stupid idea, even by DfT standards.

Superbarnet…….not so super. As Toneman politely suggests read the wards and the numbers before making a statement……..that may not look very truthful.

Doli…………to make something like (a lot of) electrolysers you need a factory. To make a great many you would need several factories. If you do not have that capacity you will lose out on the order opportunities.

Now being a literate person you will have clocked that all of our competitors are building/announcing new capacity at considerable scale. That is because they and their investors are confident that there is emerging demand of that scale.

If we do not have capacity we will not get those orders. That is why we are buying the second, and soon the third, factory.

I guess you have no experience in a manufacturing environment so don’t get how things work. That is not a problem but I hope you now feel better informed and more confident in your investment here.

Do you think that includes those who put £250m during the last few months?

Paul. I think that might be wishful thinking lol

We still have to get formal agreement on German govt funding support, but…….given the new soviet govt in Moscow and the screws they are applying on European energy, that will not be a problem. Will take time to scale to the target size so we will be getting repeat orders over several years as it builds up.

Well gitfinger.

No questions of substance.
Many moans of no substance.

Now joining your moaning pals in the green sections.

There is an explanation of the significance of teh RNS in my post at 12.17.

What questions do you have about it?

Gitfinger

This is an important announcement on marine. Not just a casual statement but an appproval from DNV. If you have not worked on marine or offshore engineering you may not be familiar with what that means.

Without a DNV (there are a couple of other comparable organisations) cerification you cannot get insurance for your ship or oil rig or...... If you could not get insurance you would never build or operate it - no matter how fanastic you think the design was. Certification for the ship comprises certification for all the main components as well as the vessel as a whole. AFC now has that certification.

This is a more important 'green light' than simply having the funds to build the ship. Without certification nothing goes ahead.

The other important point is that DNV certification is recognised globally. Hence this design could be used by others eg built for a German owner in a Dutch shipyard under Norwegian license ...........and using the AFC unit.

Given the Norwegian government strategy on green transportation, I would expect to see (at least) one of these vessels ordered and built very soon. When that is proven successful many more will be ordered to decarbonise this grade of shipping.

Overall an outstanding piece of news.......that may take a bit of time to be fully absorbed and appreciated.

Not impossible but probably not.

BP would want to make a big ‘good news’ story out of this…….great for green and great for
UK manufacturing in the north of England etc etc so great for BP.

BP are looking at 2025 production startup so ITM could produce easily within that timescale for 60MW first phase.

No doubt the mystery buyer will be revealed at a time of their choosing.

I agree Toneman. This is step change stuff and our share price will be showing it soon.

A very good ‘not’ an announcement lol.

Loaf. Local

Sorry about typo

I agree but do you think they will be in the USA?

I think the UK and maybe Europe will be ITMMotive priority. There are a pile of USA based providers , especially Plug. Not likely to be a happy hunting ground for ITM at this stage in the USA. Loaf us a very different discussion….tho there are several competitors here too.

Seaangler. don’t know about Shell in US but suspect it is not us. We are chasing big……very big industrial applications eg the refineries.

These are very high quality customers that others will look at as reference sites. Early adopters follow where innovators lead. As I read it ITM are after large scale sites where 100mw will be followed by 250mw will be followed by 500 MW and so on. We are not really looking at 10 kw filling stations….even if there are lot of them.

Different niches for different suppliers. I think we are in a very good place..

excellent Dili. Glad someone is awake.

my post below at 16.23

Too busy talking *******s perhaps

Is 200 MW of orders insignificant?

I don’t Think so……..but perhaps I am in a minority.

https://pemedianetwork.com/hydrogen-economist/articles/green-hydrogen/2021/linde-scales-up-europe-green-hydrogen-portfolio

Courtesy of poster on ADVFN

We know about lots of projects eg Gigastack.

This is now funded, so will move from ‘contracts in negotiation’ backlog into a contract order at some stage. Presumably when the project design is finalised and planning permissions approved.

Excellent news.

Congratulations on a tight ship where non disclosure really means nothing leaked.

You must be a very, very short person for 3% to seem like cliff,

Good. Now cue……..

“Is that it”
“That’s not much compared with…..(who?)”
“Can I have some more please sir”