I have just received the March Newsletter.
I am very impressed ~ a pleasant change these days from ITM.
If you want a copy contact Rebecca L. Markillie on [email protected] or Hayden Francis on [email protected]
Hello Andy, I have been invested since about a year ago when the stock was around 18 p. ITM is a good Hydrogen stock investment , and wait. It is a Warren Buffet stock, wait for me is the thing to do, so I hold some all the time.
I also hold some OXB, and some NASDAQ MTCH another good one at the moment. I am watching VRS the Graphene stock, is has been up then down recently. Graphene looks interesting as a new type of material.
We often talk on the ACTA board as a place to talk about our shares. It is a nice place to be for an interesting chat.
Anyway ITM should go up in time, Hydrogen is a good one, Plenty of Hydrogen products to use in the future.
LoadsaD - Well ITM has had torrid time since launching, and has done well to survive - hopefully it will now make further substantial progress on the basis of recent contract wins. I last held 2757 ITM and sold in 2006 (I Bought 13.12.06 at 100.954. Sold 14/12/06 at 114.1p) - I sold very quickly as I felt sentiment wouldnt last long, and it was one of my better decisions as ITM really struggled to suvive at one point! Lets just hope it can now become THE market leader in its sector! I take nothing for granted!!! ATB to all holders (My sone now holds ITM, and it is purely on my advice, so I just hope I am reading the situation for ITM well! AR
Hydrogen a ripe solution for energy storage
When thinking of sector coupling, most
would instantly jump to thermal storage or
batteries particularly lithium ion which is
being deployed in electric vehicles such
Yet electrolysis is an ideal solution for areas
that have plenty of sunlight year-round with
a significant surplus energy capacity.
Hydrogen can be used to store electrical
energy from a range of just a few kilowatts
to gigawatts, for several weeks.
The chemical element can be used as a
process gas in industry or as a fuel for
emission-free fuel cells in mobility. The UAE
is already testing the hydrogen-powered
Toyota Mirai and opened its first hydrogen
fuel station in 2017.
Hydrogen can also be further refined to create
valuable raw materials such as ammonia for
fertilizer production or methanol as a base
chemical and fuel. With low-priced electricity
in the region, it is worth storing the hydrogen
and converting back into power through
combined cycle power plants, guaranteeing
security of supply.
Siemens is developing the Silyzer
electrolyzer to balance the electricity that is
generated on a fluctuating basis, and has
already placed these systems in operation in
Europe. This technology is ideally suited for
wind and solar power, which is generated
on an irregular basis.
The greater amount of convertible electricity
also means a larger amount of capacity for
power systems. The solar parks in the
Middle East, which are considerably larger
than those in Europe, could provide the
basis for electrolyzers of completely
Technological additions such as this could
offer a fundamental transformation of the
regions power sector. The stability of the
grid and the reliability of the supply would
be more secure than ever before. And it
would be no longer inconceivable that
countries such as Saudi Arabia and Kuwait
could be more associated with wind and
solar power than with oil.
Dont rely on shell. I worked with them years ago on their standards for petrol station integration but to me they seemed to be just playing. Pots of cash but it was just giving their development guys something to do.
Shame he didnt average down, ample opportunity, we should easily see 120 again. I bought at 270, 320, 135, 75, and then 10p. Never has this co or the market for its products been in better. Upwards no brainer
I think morgleman2 is a bit bitter and I guess he is entitled to be. He bought in at 120p many years ago and has long since written that off, so is waiting for the coup de grace that will confirm that writing off. Either that or is being deliberately negative in the hope of being proven wrong. Chin up morgleman2, as the song goes - '' Things can only get better''. It better had as I am in for a scary amount.
Bizarre comment, ITM have 4 public access hydrogen refuelling stations, and more being built. Cobham services on the M25, is Shells highest profile station. The next one opening is at Beaconsfield Services with Shell, and I understand the hydrogen dispenser will be on the pump island. There is now an industry code of practice for integrating hydrogen production, storage and dispensing, with existing petrol and diesel stations. Its now a standard for all future station build. The OLEV funding for more hydrogen stations was announced by the government last year.
My son lives in a village where there is no gas supply so he uses Calor gas for heating the house. The tank is in the front garden and the neighbours also have a tank in their front garden, with less than 2 metres between the two tanks.
His tank had its 30-year inspection a few months ago and he was told that it breaks the current regulations as it is too close to the public footpath and to the neighbours hedge. Moving it would leave them with only one parking space for a car.
The alternative would be to sink the tank below ground but it would need a blast proof wall built between their garden and the neighbour's. The neighbour's tank is due for its inspection this year so they will then face the same problem but, as they hope to move house soon, they do not want to share the costs.
Could it be that hydrogen storage will face similar regulations?
Perhaps it is just caution over safety regulations when mixing hydrogen refuelling with petrol/diesel refuelling. There is still a problem with public concern over hydrogen dating back to the Hindenburg disaster, so the Government may want to consider whether regulations need tweeking to give additional assurance before wider adoption.
The Govt tend to avoid/drag their feet on licencing until someone funding them or wearing a suitable tie, can profit from the provision of the service/product. A rather anachronistic way of doing things but not likely to change under our long out dated pseudo-democracy.
try moneyam, the free service - stockwatch - allows you to enter your watchlist and see live prices ( not delayed) and news/RNS feeds are reliable. used this for over ten years. I use iii for the boards and used to use it for a virtual portfolio but no go directly to my iweb account for overall performance.
Half Year Results for the Period ended 31 October 2017
Significant commercial progress, financial position strengthened by £29.4m working capital fundraise
ITM Power (AIM: ITM), the energy storage and clean fuel company, announces its half year results for the six month period ended 31 October 2017. Comparable figures, where stated, refer to the corresponding period in 2016 unless otherwise indicated.
· As at today, £27.0m (£17.0m) of projects under contract and a further £10.4m (Jan-2017: £1.4m) of contracts in the final stages of negotiation constituting a total backlog of £37.4m (Jan-2017: £18.3m), up 103% year on year
· Tender opportunity pipeline has grown steadily and is now over £200m, reflecting strong industrial demand
· 10MW refinery hydrogen project with Shell to build the world's largest PEM electrolyser at the Rhineland refinery, Germany
· World's first tidal-powered hydrogen generated at European Marine Energy Centre (EMEC) in Orkney
· First hydrogen bus route in the Pau region of France
· 20 tonne/day (50MW) hydrogen refuelling station designs launched in Las Vegas in September
· A new total of 20 hydrogen fuel contracts
· Total income of £4.4m (2016: £3.0m), up 47%, comprising:
o Revenue - £1.7m (2016: £0.4m), up 325%
o Grant income plus grants receivable for capital projects - £2.7m (2016: £2.6m), up 4%
· Increase in fixed assets to £5.5m (2016: £3.8m), up 139%
· Loss from operations £2.9m (2016: £2.3m), increased by 26%
· Cash balance of £27.3m at period end (2016: £1.7m)
· Debtors balances of £12.8m (2016: £9.2m), up 39%
· New, larger factory premises identified and heads of terms agreed
· Expansion of the manufacturing and after sales support teams
· Creation of Australian subsidiary ITM Power Pty Ltd and appointment of Dr Neil Thompson as MD
Graham Cooley, CEO, commented: "The six months under review have seen significant advances in all areas of ITM Power's business. The announcement of the deployment of the worlds' largest PEM electrolyser at Shell's Rhineland refinery is a particularly important development seeing ITM Power enter the 10MW product class with a commercial product at scale. The Company's pipeline of deals has more than doubled since last year showing strong and consistent growth in both the refuelling and power-to-gas markets."
Roger Putnam, Chairman, added: "The Board is pleased with the result of the successful equity raise, which secured the working capital the Company needs to underpin the significant progress that has been achieved in growing the order pipeline of commercial sales. Our stronger financial position will help us to continue to strengthen our relationships with a number of major blue-chip companies as we progress our international business. With the establishment of our new company in Australia I welcome Neil Thompson to the development team."
ITM Power manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of green hydrogen for transport, renewable heat and chemicals. ITM Power was admitted to the AIM market of the London Stock Exchange in 2004. In September 2017 the Company announced the completion of a £29.4m working capital fun
I now just go here first thing , they seem to give a comprehensive list of the mornings announcements
Of course that doesn't really help with the more sporadic ones but hell what do we pay iii for other than lousy service, terrible website and rickety trading app that looks like it should be in the corner of a field somewhere to help trampers climb over the fence and avoid the Bull, shame its covered in brambles!
Very brief clip and couldn't find any backup info, anyone else able to provide info?
BBC Points West, a news report by Will Glennon with Clare Jackson, HydrogenHub Manager; Jon Hunt, Toyota & Lexus Fleet and Mike Petch from Johnson Matthey Fuel Cells.Other organizations involved: Arval and The Science Museum Group.
Do the uk gov. Ever do anything else? They will not act until the boys are well positioned to profit. They will then legisate accordingly on the face of it for the benefit of all but in reality to negate the entrepreneurial newbies and allow for the snatch and grab middle men. Solar? Telecoms? Power? Nursery provision? Nhs staffing? Govt procurement ad infinitum they should really be dragged out by their short curly tales and thrown out onto their telescopic snouts! Or dangled from a very different sort of rope? Britain needs a complete overhaul! The troughing is entrenched at every tier! The two horse race will never provide a true alternative while one knacker is blind and the other lame and there are those with vested interrests scattered across the course wealding cricket bats and old school ties! Good luck all long term holders but expect any profits to be eadled out from under the deserving!
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.