h2future
30 Jan 2018
Link to results on website Great progress![link]
John of Groats
30 Jan 2018
Re: Government refusing to licence Hydro... 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?
John of Groats
30 Jan 2018
Re: Government refusing to licence Hydro... 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.
Chelios11
29 Jan 2018
Re: Government refusing to licence Hydrogen ... According to the ITM website the hydrogen refuelling facility at the new Cobham M25 services is active. However, progress with opening other publicly accessible facilities seems very slow. I am glad that the company are moving on with projects related to commercial vehicles and power networks, as these seem far more dynamic.
Tripod99
29 Jan 2018
Re: Government refusing to licence Hydrogen Refuelling stations 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.
morgleman2
29 Jan 2018
Government refusing to licence Hydrogen Refuelling stations On enquiring of someone in the Industry why ITM havent got any public refuelling points I have been told that the Government are refusing to licence Hydrogen Refuelling stations on public forecourts.refusing, I don't know whether they haven't got around to looking at it , or whether they just don't like the technology.Anyone else have any info on this?
hopetown
29 Jan 2018
Ballard Power Systems Not sure if Ballard are one of our competitors;EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against Ballard Power Systems Inc. – BL
Global Nomad
29 Jan 2018
Re: Half-year Report RNS 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.
hopetown
29 Jan 2018
RNS ii not up to speed here it is;29 January 2018 ITM Power plc("ITM Power", "the Group" or the "Company"
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. Commercial Progress:· 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 Financial Highlights:· Total income of £4.4m (2016: £3.0m), up 47%, comprising
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% Operational Developments:· 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." For further information please visit www.itm-power.com or contact: ITM Power plcAndy Allen, CFO+44 (0)114 244 5111Investec Bank plc (Nominated Adviser and Broker)Corporate Finance: Jeremy Ellis / Jonathan WynnCorporate Broking: Chris Sim / Rob Baker +44 (0)20 7597 5970Tavistock (Financial PR and IR)Simon Hudson / James Collins+44 (0)20 7920 3150 About ITM Power plc: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
Tripod99
29 Jan 2018
Re: Half-year Report RNS I've given up on this site on that front i havent been able to read an RNS here for the last two weeks. I guess they arent paying their bills or the IT dept has is having time off for pubis growth!
Tatty
29 Jan 2018
Re: Half-year Report RNS Had to go to itm website to read it. Something wrong with III news system still? Anyway kind of repeats the December trading update.
loadsadough
29 Jan 2018
Half-year Report RNS RNS well worth reading. Loadsadough
defenestration
27 Jan 2018
Re: Graphene and Hydrogen production Wow. Thats well worth reading. Don't know if it will help us all at ITM, but clever stuff.Wonder whether China have bought this idea/patent yet
hopetown
27 Jan 2018
Graphene and Hydrogen production [link]
shovelier
27 Jan 2018
Re: Govt, feet? They probably contracted Carillion to do the work.
