Member Info for Triguy

I would like to know the status of the assembly process for the serial production of Neptune V. They mentioned creating an assembly line much like auto manufacturers.

With the apparent demand, they will need a very efficient & productive manufacturing process

Any of these projects ours?

The Dutch government has announced 11 winners for its near-billion-euro green hydrogen subsidy auction, allocating around €700 million of the €998 million budget. These projects will collectively create 602MW of electrolyzer capacity. Several projects, including RWE's 50MW Eemshydrogen facility and VoltH2's 50MW plant, are among the winners. The auction is part of a larger Dutch effort to support green hydrogen production.

Here's a more detailed breakdown:

Total Budget: €998 million.

Allocated Budget: Around €700 million.

Number of Winners: 11.

Combined Electrolyzer Capacity: 602 MW.

Key Projects:

RWE's Eemshydrogen: A 50MW project in Eemshaven.

VoltH2: A 50MW project in Delfzijl.

H2 Hollandia: A 5MW plant in Nieuw-Buinen.

Hysolar: A 2.5MW project in Nieuwegein.

Groengas asset (Amsterdam & Groningen): Projects in both locations.

Van Kessel Olie: A project in Oude Tonge.

Coming to a theater near us very soon! Updates on...

- RWE Lingen

- Refhyne 2

- HAR 1 projects

- HAR 2 projects

- HySpeed

- Hydropulse

- Pipeline (FEED to Deployment)

- CHRONOS

- Product performance

- Manufacturing productivity

- Organization evolution

- Financial forecast

Wait for it...

Are there any ties or history between Helikon & Goldman Sachs? If so, it may explain why Goldman published a 'sell' rating on ITM on Tuesday. It will be fascinating to watch this dynamic play out in the coming weeks

Other thoughts on the Goldman rating?

Not missing anything...it's all good

- 45MW Neptune 5

- RWE (100MW in FY26)

- RWE (100MW in FY27)

- Refhyne 2 (100MW in FY27)

- HAR1 projects TBD

- HAR2 projects TBD

- HySpeed projects TBD

- 500MW capacity reservation conversion to FID TBD

- 50MW FEED to FID TBD

- Linde Leuna TBD

- ...other TBD

- CHRONOS unveiling

A win is a win...gotta love it!!!

Sadly, avoiding stranded assets appears much more important to Linde than investing in the future of the planet. There are two flaws in their argument (perhaps more)...

- Economic case does not include the cost of environment disaster on people, property & future generations

- Ignore the fact that no one has proven that carbon capture works at scale

https://www.hydrogeninsight.com/production/green-hydrogen-is-still-five-to-seven-years-out-but-large-scale-blue-h-can-be-done-today-linde/2-1-1814154

Have they no pride in delivering those Green H2 projects completed? Underway?

FY 2026 will be a very interesting year for ITM (employees, customers, partners & shareholders)...

- Substantive FIDs

- Scale deliveries

- Material increase in Revenue & Deferred Revenue

- Chronos reveal

- Reinvigorated government support across the EU & UK

Wait for it...wait for it...

...if you listen closely, you will hear 'the buzz building'

Check it out…

This is important progress! It reiterates that the RWE Lingen facility will begin filling the pipeline this calendar year. That means that the first 100MW will be commissioned this year. Once commissioned we should be able to recognize revenue during FY26. Since we know that ITM is not on the critical path; the skids installed and the stacks tested & built, our EPC partner is primarily responsible for completion. It will be fun to celebrate progress!!!

It's a push as which is more valuable in the short term.

Linde provides an avenue into large projects like RWE, Shell (Refhyne) & Yara. Sadly, they are much more vocal about their interest in Blue H2. And, they seem to have abandoned Green H2 in Leuna

JCB provides an avenue into Neptune sales via their strategic push into H2 via Wrightbus, JCB equipment, Ryze & HyKit

We'll know much more this year based on the pace & quality of execution by each partner

JCB H2 engine certification across Europe & UK (news January 10, 2025) should along with the launch of HyKit for distribution (news December 2024) should be very positive for our relationship with HyGen (news April 2024).

As a US investor; what are our options? As we understand, we are not authorized to see the regulatory documents. And, thus, we presume that we do not get to vote. Is that correct? If the transaction proceeds & we still hold the shares, will we be settled as with any other shareholder OR must we sell before the shares are canceled. Anyone?

Can't get a 2nd contract without the 1st! Do we know how to close the first contract? Or, is the product not yet ready? Do we expect to have a 2nd tranche of partners? One more month before key stakeholders begin to bail; Santander? Isbecir brothers? Financial institutions (see list on LSE)?

Why isn't Monitise mentioned? Why are IBM's partners different than Monitise? Do we know with certainty that IBM uses Monitise' FINkit as their Bluemix Fintech environment today? Do we know the financial relationship? Why is IBM not a much larger shareholder?

1. Whether FINkit is a cost effective alternative to internal development? Other 3rd parties? 2. Is it cost effective when considering IBM "Bluemax" share? Partner's share? 3. Whether FINkit performs as advertised; response time? At scale? Under all conditions? 4. Are we continuing to invest in FINkit while we wait for contracts OR is the product stagnating? 5. Do we know our real relationship with IBM? 6. Do we know how the various Content sites are progressing? How often are the sites updating their Op Metrics? Does anyone think the share price will rise until we know the above? Does leadership have a communication plan (stakeholder expectations management plan) that augments their product delivery & sales plans? Twice / year will not cut it!