Member Info for toneman

I'm a little disappointed that this news didn't give us a 40% rise today, but I guess they've still got cash problems that they need to demonstrate get resolved one way or another.

Ultimately it's hard to scale up production without cash, so today's news is good as it's an asset-light option.

New partner announcements soon would be another welcome boost especially if they come with an upfront cash injection. Alternatively I think a simple bank loan model at a reasonable rate would satisfy the manufacturing requirements.

Still my favourite stock holding in my portfolio. Let's go.

Good article from Timera explaining how the recent changes should be starting to help BESS.

https://timera-energy.com/our-latest-views-on-bess-value-capture-in-the-bm/

Seems that the ESO is taking BESS seriously and is trying to resolve some of the recent issues. Good article from Timera.

https://timera-energy.com/our-latest-views-on-bess-value-capture-in-the-bm/

They mentioned a couple of years ago that they would now only produce an rns for materially significant news. So small orders and low revenue news won't be rns, but at least they are sharing on X which is good. Today's FEED announcement is positive but it's no guarantee that either the project gets FID or that ITM would be the ultimate supplier. If both of those outcomes end up happening then we'd here about that in an RNS for sure.

Perhaps if those in charge actually put a stop to the spending waste then people's hard earned cash would go further. The wind energy curtailment payments are literally paying out bill-payers money to generate no energy - what a waste. That same money would have already paid for enough electrolysers to replace 10% of UK grey hydrogen with green from the excess wind. It may be hard to quantify exactly how that makes things more affordable for hard-working people, but I can't help but feel getting something for your money rather than nothing just has to be better.

This Labour news has been on the media radar for several days already. I think that's why loads of my green funds have been in steep decline for a few days. There may be a modest further drop as a result of this formal confirmation, but my guess is that it's mostly priced in by now. It's certainly not going to help sentiment. It's all very disappointing, I was convinced that green would be a good investment strategy for the foreseeable future, but the UK at least just doesn't seem to know what it wants.

This is the sort of newsflow we're gonna need.

https://twitter.com/ITMPowerPlc/status/1752983310274314341?t=7o9QWZJFJ3BFFDRSAbr7iA&s=19

I trust this is a sale and not a freebie upgrade.

Don't underestimate the bravery of the big shorters. You'll be surprised how they will see this as another opportunity to win all the way back down into the 40's again. I think we would require a stream of positive news flow to produce a continued lift in share price. The shorters have lack of orders on their side.

Yes, very likely. That's certainly the intended location for the 100MW electrolyser.

https://www.shell.com/energy-and-innovation/new-energies/hydrogen.html#:~:text=Germany%20%2D%20REFYHNE%3A%20Rhineland,later%20in%202023.

The company has certainly become more focussed and sounds more competent as a result. The future could be very good, but it still relies heavily on regulators/governments providing a level playing field so that others can commit to large scale projects that ITM will benefit from. Fingers crossed that plays out in ITMs favour.

Most impressive slide so far shows the change in market reach where the ITM products now meet the requirements for global regions. Previously restricted to EU and Japan.

The thing that seems missing from the RNS is any update regarding any of the reference projects ITM is/has been a key supplier for.

Onsolidground, they're going to need all of that cash simply to survive the next few years.

Looks like IES has delivered on a March '23 order (according to x.com).

"Delighted to have completed another #vfb delivery, this time to our partners in Hungary, Ideona Group & STS Group. This #battery will provide grid balancing & #solar shifting which will form part of Hungary's journey to a 90% clean energy mix by 2030"

https://invinity.com/case-study-ideona-osku/

Highlights from their rns...

Largest liquid green hydrogen plant in the U.S. market.

Largest electrolytic liquid hydrogen production plant, and largest PEM electrolyzer deployment operating in the U.S.

Designed to produce 15 tons per day (TPD) of liquid electrolytic hydrogen.

Listening to their trading update today, they seem to have solved their cash problems. Recently they announced an agreement to sell loads of stock to raise cash, but they may not need to do that with a large DOE loan they feel could be sorted in the next few months. Plug stock is up roughly 45% from its recent low last week.

Hopefully some of the positivity reflected in others within the sector will rub off an our presentation next week. I'd like a 50% rise here too.

Don't forget, no matter how much cash you have if you don't have sales the cash will eventually run out. I think the downward trend will only stop once regular, repeated and growing orders are booked. Otherwise you'll be comparing cash in the bank and stock price all the way to zero every £50m and 5p decrements.

The regulators and rule makers are basically making this an impossible market for electrolyser producers. If the price of industrial electricity, as hurrayharry suggests, is now too expensive for industry to justify their own onsite electrolysis, then surely that only leaves grid scale implementations. But each grid scale implementation has to be matched with a new renewable source and they are not exactly quick to be contracted and built.

Unless they ease the rules to allow something like adding electrolysis to an existing renewable farm (as if it had been agreed from the start as per current rules) then I fear we have an excellent product without a sufficiently active market.

By the time the rule makers learn their mistake it may be too late for the current run of companies as cash burn will eventually kill the companies.

The risk versus reward seems attractive down here at 50p again. There's always the possibility of complete failure and losing everything, but for new investments the upside should be a 10x. If the factory fills with a consistent stream of orders it should justify a valuation of £3bn. It'll be very interesting to hear the tone at the presentation at the end of the month.

Perhaps the new owners will give the management an ultimatum... either take your remuneration solely in shares or you can walk. You've got to have everyone on the same path or they'll get screwed same way we did.

All too common. Can't even say "last one out switch off the lights". The new owners will keep the lights on... for a while at least. We're now relegated to observers.

Hindsight is a wonderful thing. I could have sold out with a decent gain several years ago, but I thought it was just the start of a solid future building. Oh well.