Member Info for vamosbien

Someone suggested him to keep the ball low in LinkedIn after posting this statement.

His response made me smile:

"I'm already keeping the ball flat...".

I still wonder what was that Uncrossing Trade of 16.5m shares ( £6m) last November, not appeared in funds or institutions. I guess we will see it in the next update of major shareholders.

As far as I know, there is no time limit, they can hold short positions as long as they are able to honor the margin requirements i.e. broker is still happy to continue to loan the stock for shorting.

Helikon owners are former Kairos professionals. I wonder if they are still working quietly with them in the background.

Last year before March 2024, Kairos sold 1.3 million shares under the fund name Kairos Intl ActivESG P EUR Acc.

You can see the bizarre shorting activity in Feb 2024, changing between 3.21 and 3.71%. Not sure it is a coincidence.

Kairos Investment Management still have 654k shares.

To be honest I was hoping SP to stay at these levels until 15th so I can top up a bit more:) I think our pound journey just started today, fasten your seatbelt and get ready for takeoff.

A bit more here explained regarding US tax credits:

https://www.energyintel.com/00000194-2df9-d9e1-abd4-adfbbe8e0000

I was excited about next year's even more excited now.

Excellent, excellent!

It seems kids won't listen. For God's sake, just open a whatsapp chat group, four of you.

Finally I understand why Bilbo filtered so many here.

Indeed! Good start, let's hope this is the first of many in 2025.

Done! both jzchat and Rick filtered. Jeff is the next if he continues to reply them.

Yes please. I am also losing respect for the people entertaining these trolls. Calling them attention seeker and in the meantime giving all the attention/oxygen to these dimwits don't make sense. Filter or ignore and do not reply . They will disappear.

Mobilising government investment into the clean power sector via the National Wealth Fund and Great British Energy.

At least £5.8 billion of the National Wealth Fund’s capital will focus on five other sectors relevant to clean power: green hydrogen, carbon capture, ports, gigafactories and green steel.

Today government published the Clean Power 2030 Action Plan, setting out how the UK will achieve its ambitious mission for energy. 138 pages in total.

Our part starts at page 114:

Hydrogen production capacity is vital to increase the supply of the fuel for H2P plants and support is being provided through the Hydrogen Production Business Model. This provides hydrogen production projects with a route to market and we are already making progress, with the October announcement of £21.7 billion of available funding to launch the first CCUS projects including CCUS-enabled hydrogen.

Eleven electrolytic hydrogen production projects were selected for contract award in the first Hydrogen Allocation Round (HAR1), and we expect these projects to be operational by 2026. We intend to publish a shortlist of HAR2 projects in due course and we are currently developing our approach to future HARs, including HAR3, and we will invite feedback through a market engagement exercise in due course. We intend to publish the next edition of the Hydrogen Strategy Update to the Market shortly.

Financing

Hydrogen was one of the five sectors which will benefit from the additional £5.8 billion allocated to the National Wealth Fund. This capital will be deployed by the National Wealth Fund to finance projects which are facing barriers to investment, helping to mobilise private finance into them.

And another position opened, Head of Regional Business Development and Sales. As defined below;

In response to the acceleration of the green hydrogen industry and the strong customer response to ITM’s leading technology, we are strengthening the ITM team with a senior role to lead our business development and sales activities across the UK, Ireland and Nordics. We are seeking an exceptional individual, with relevant industry experience to spearhead our growth in these important markets.

As Head of Business Development and Sales, this role will be based in Sheffield, UK. Your mission: to forge customer partnerships and accelerate the adoption of our cutting-edge PEM electrolyser technology.

At ITM, we are committed to delivering superior technology and driving sustainable change. If you're passionate about the future of the energy system and have the drive to lead in a fast-paced environment, we want to hear from you.

Apply now and become part of a highly specialised team that is transforming the energy landscape.

Aimed at de-risking hydrogen-to-power (H2P) investments and support deployments, the Department for Energy Security and Net Zero (DESNZ) said it will introduce a business model based on a dispatchable power agreement (DPA) framework.

Already used for carbon capture, utilisation and storage (CCUS) in the power sector, the DPA is designed to incentivise private finance for projects. The government intends to adapt the mechanism to suit the needs of H2P.

“Bespoke support and market intervention for H2P, via the H2P business model, will provide a route to market initially and our expectation is that as the technology develops, enabling infrastructure matures, and CAPEX and financing costs reduce, H2P would be able to compete with other technologies and deploy through a more competitive support process,” the government said.

With plans to present the business model design in the spring of 2025, DESNZ also hopes to modify the capacity market to allow for H2P technologies to be integrated.

The capacity market mechanism is designed to balance the UK’s electric grid during periods of peak demand. Capacity providers commit to being available to increase or reduce supply when needed. Providers are paid for both their availability and the electricity they generate.

It comes as the government looks to enable power plant developers to build new or retrofit existing plants to either hydrogen firing or carbon capture technology".

Evgeny Polyakov (Board Advisor) posted this statement today;

This year alone, British bill payers have spent £1bn to temporarily shut down wind turbines due to grid imbalances. Instead of wasting this valuable green energy, ITM Power has the technology to convert it into green hydrogen, offering a solution to balance the grid and decarbonise energy production. Green hydrogen, which can be generated without additional cost, presents a promising opportunity for the energy sector.

As Clem Cowton from Octopus Energy rightly points out, the current system of paying Scottish wind farms to turn off their turbines while funding gas power stations in the South is outdated and inefficient. There is a clear need to change the rules to maximise the potential of homegrown renewable energy, ultimately reducing costs for households and businesses.

The call for more support for green hydrogen from policymakers is crucial. Investing in the future of green energy is essential to avoid wasting valuable resources and to move towards a more sustainable energy landscape. It's time to prioritise green hydrogen technology and pave the way for a cleaner, more efficient energy transition.

£1bn of taxpayers' money would give an immense boost to the green hydrogen production in the UK and the government doesn't need to look for these funds anywhere - just keep the Scottish wind farms running and direct all excess energy into ITM Power very responsive and efficient proton exchange membrane electrolysers.

Given the current SP drop, I thought a guidance change may wait for us but no surprise here. The cash will be more than enough for a long time, any sale news from now on moves us the north quickly.

We are pleased to announce the appointment of Dr. Peter Pötschacher as Vice President Region EU & Middle East. Peter will join our Executive Team in January 2025 and will be operating out of ITM Power Germany.

Peter joins us from Air Liquide E&C where he has been Vice President Sales since 2018, responsible for the entire portfolio in India, Africa and Middle East, and more recently in Europe and CIS countries. His focus has been on the energy transition in green and blue hydrogen, as well as Power-to-X.

After studying technical chemistry and obtaining his doctorate in Vienna, he dedicated his whole work life to promote, develop and commercialise technologies for sustainable energy and chemicals projects.

Dennis Schulz, ITM CEO, said “As the green hydrogen industry gathers pace, we are increasing regional focus and bandwidth in our core market. With close to 30 years of experience in market development and sales-related senior management roles in the gases and EPC industry, Peter will be a superb addition to the ITM leadership team.“

RBC raises Ceres Power to 'sector perform' (underperform) - price target 180 (160) pence

Have you spotted couple of Bed and ISA transactions? no brainer at this level.