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PowerCell Sweden AB has signed a memorandum of understanding, MoU, with the UK company ZeroAvia concerning series deliveries of 100-kW fuel cell stacks starting in 2024.
It is currently estimated that a final agreement could include delivery of 5,000 units over a five-year period. Final commercial terms will be negotiated in the next phase. The parties’ ambition, in accordance with the MoU, is to reach a final agreement in the third quarter of 2022.

ZeroAvia intends to use the fuel cell stacks to produce a 600-kilowatt, low-temperature, hydrogen-electric powertrain that can be used to develop a certified 19-seat, fuel cell-powered commercial aircraft. The memorandum of understanding, MOU, also includes an agreement that PowerCell will establish local production in the UK for final assembly and adaptation of the stacks to ZeroAvia’s fuel cell system and application.

Nel ASA: Receives record size purchase order for 200 MW of alkaline electrolyser equipment.

(Oslo, 18 July 2022) Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel, OSE:NEL), has received its largest ever purchase order from an undisclosed US customer for 200 MW of alkaline electrolyser equipment for industrial application

At this rate we'll still be testing viability in 2100.

When will they realise that it's scale that drives down costs in any market. Continuous research and test phases will keep us at low scale.

Meanwhile Plug Power's electrolyser deliveries went up 40x in a year.

It doesn't exactly put the great in Great Britain.

What is ITMs YoY increase in MW? Anywhere near 40x?

Good point about Oyster and Gigastack Tennents. Obvious really, but I hadn't thought about it like that. Thanks.

The commissioning timeframes might suggest that we're still a year or two away from some sizeable order decisions. So we could be in the doldrums with the share price for a bit longer. Eventually the word will get out again. Who knows, we could even get a repeat of the 2019-2020 surge once people sense it's "for real" this time.

Yes, across all size groups. I wonder how big his "hands" are? Not a standard SI unit of measurement unfortunately.

I hope everyone remembered to join this seminar last week. There was a lot of good ITM stuff in it.

Host: Kate Macfarlane - Senior Business Development Manager for Clean Energy

Agenda
1. Yara Clean Ammonia
2. Overview Project Porsgrunn
3. Decarbonising Ammonia Production
4. ITM Linde 2022 Technology Updates
5. Green Hydrogen Market Segments and Products

Topic 4 (timestamp 1:12:00)
Presenter: Dr Volker Goke - Head of Product Management ITM-Linde Electrolysis
Covers Production Capacity split at ITM Factories and large system technology

Topic 5 (timestamp 1:45:00)
Presenter: Sven Assmuth - Head of Sales & Proposals at ITM-Linde Electrolysis
Covers Several Current Projects:
AGR Waste Management 4MW (Mobility) - Commissioning 2023
Refhyne 10MW + 100MW (Refinery) - Commissioning 2021 + (?)
Leuna 24MW (Hydrogen Supply) - Commissioning Q3/2022
Yara 24MW (Ammonia/Fertiliser) - Commissioning 2023
RWE Lingen 4MW (Chemical + Refinery) - Commissioning Q1/2023
Undisclosed 100MW (H2 Economy) (Snam?) - Commissioning 2024
Undisclosed Feed Study 1GW (Ammonia/Fertiliser) - Commissioning date not disclosed (Sven estimates 2025-2026)

Didn't cover Oyster or Gigastack

https://www.engineering.linde.com/l/310981/2022-07-04/31rnrbn

There's no suggestion on the HUI website that they are using anything other than PHE technology.

On a side note, I still think it's a high risk strategy for PHE to let everyone else build their technology on a license fee model. Seems to me there's good money to be made in the assembly, fit-out, service, and futher development. Always the nagging concern about the other businesses involved developing in a slightly different direction and stealing your business.

Certainly made a bounce on the HUI stock price. Not reflected over here though.

True. Ha ha.

GC said in a previous presentation that they're not going for these small opportunities any more. So it's not that they failed to get it, or missed the opportunity, instead it's too small to bother with.

Better to fill a 1GW factory with 10x 100MW deals than 1000x 1MW deals.

Funny though. If BP is spending $36bn, Total $50bn and Shell $22bn, why is ITM revenue only £10m. Where is the other $108bn going?

The market cap is nearly back down to £1bn. Once the current factory schedule is in full swing with orders (yes, they will fill), I think this would justify a market cap closer to £10bn. I think this is a bargain for anyone willing to hold for 5 years. Just topped up.

Speech delivered by Business and Energy Secretary Kwasi Kwarteng at the Chatham House Second Century London Conference.

https://www.gov.uk/government/speeches/the-uks-energy-priorities-enhancing-energy-security-and-pathways-to-decarbonisation

Hmmm, capitulation in progress? Could be good signs for the rest of us.

It's the Morgan Stanley downgrade today from 470p down to 180p. Goes underweight.

I was just about to write the same thing Smithy. This dopey market has given a 10x to anyone who got in 3 years ago. And thanks to this dopey market not being able to price anything correctly some of these stocks could give another 10x from these prices held for another 3-5 years. I've been steadily buying back my holdings on these dips. I've already got my entire holding of Nel back. Still working on ITM.

Sorry to hear that KB. For what it's worth I still believe this stock will do well over the long term. I get the impression that you're a short term trader so it's a much harder call. Keep your eye on it. If you ever see it hit £1.50 you should consider adding a long term hold alongside your short term bets.

KB as you've safely exited this stock and (from previous comments) self-confessed climate-change denier (or at least in doing anything about it) why do you bother to chuck in these rather pointless jibes? Are you trying to justify your decision? The stock's fallen a lot since you got out. Maybe you should consider getting back in at these lower prices so you don't feel the need to dis it so much.