ITM Power Live Discussion

ITMDirector 25 Apr 2016

According to our calculations Itm Power plc is currently rated as BUY. Currently Itm Power plc is evaluated as Outperform by analysts, but the crowd currently has no predictions. Our valuation analysis sees Itm Power plc as Undervalued. Compared to the current price of Itm Power plc of 15,49p on the main market London Stock Exchange the price of Itm Power plc might rise by 86.47% according to the estimates of analysts and our valuation analysis.

ITMDirector 25 Apr 2016

ITM is Undervalued based on P/S ratio Target price 33.92 p Potential +119.0% ITM Power PLC is considered undervalued in both of its historical (KPI: P/B ratio) and peer (KPI: P/S ratio) comparison analysis. As a result, this stock is therefore currently considered 'undervalued'. However ITM Power PLC would be considered 'overvalued' if its price exceeded 0.49 $. Additionally, ITM Power PLC tends to trade at a premium compared to its peers. This was also considered in the calculation of its theoretical price. Disclaimer: The fact that ITM Power PLC is considered "undervalued" by the analysis does not mean that its price will rise in the future. Monitor the sales and other related figures of ITM Power PLC closely and keep an eye on its external environment when making your investment decision.

ITMDirector 24 Apr 2016

Poor obama the crud he has to watch day in day out.

ITMDirector 24 Apr 2016

Surprise surprise.. award went to a German company.

ITMDirector 24 Apr 2016

British band playing.. could be a sign perhaps?

ITMDirector 24 Apr 2016

Hanover live on Sky Aljazera 514

ITMDirector 24 Apr 2016

Live, ITM award ceremony, Barrack and Merkal. [link]

ITMDirector 24 Apr 2016

"...as seems more likely, our onshore gas and oil potential continues to be mired in planning delays, environmental studies and local opposition, then investment opportunities might be found elsewhere. Renewables (despite the removal of subsidies) and power conservation are areas that should benefit from the pain of others. Here are a few ideas from sectors in which profitable companies are, so far, few and far between. Battery storage will become ever more important: ITM Power(27.5p)..."

ITMDirector 24 Apr 2016

What a curious world we live in. It is now conventional wisdom that we have all embarked on a journey to a carbonless future; and this despite there being no scientific unanimity as to the connection between global warming and carbon emissions. Striving to reach this nirvana has resulted in surprising liaisons and compromises, the most important of which is the UK government’s determination to embrace old nuclear technology despite the well-known problems of disposing of hazardous waste — which will be left to be faced by future generations. In the meantime, funding of our uranium-powered future is in the hands of a French state company and our new friends from China, who themselves are busy designing and constructing power plants fuelled by thorium, which is safer and less expensive than uranium. They have been encouraged by our government’s guarantee that we consumers will pay twice the current price of electricity once the power comes on stream, possibly in ten years’ time. In the meantime, as if the good Lord realised some interim help is necessary, we have been presented with a huge opportunity. Deep beneath the north of Britain exists a thick stratum of rock and shale that may contain enough gas to power Great Britain plc (and certainly the Northern Powerhouse) into a new industrial revolution. This gas could fill a looming energy gap created by decommissioning of coal-fired power stations. But a vocal and well-organised populist movement perceives all sorts of possible disasters resulting from the fracking process needed to extract gas and oil from shale. These activists are not convinced that experts from various regulatory bodies are capable of monitoring exploration and exploitation. After three years of delays following one partially drilled exploration well in Lancashire, we still do not know whether this gift from above is exploitable or not. Many more exploration wells need to be drilled before any production decision can be taken. But not even this limited activity is taking place. In the meantime, blackouts are getting nearer and inevitable voltage fluctuations will disrupt the computer-based systems that now dominate most activities in our digital and interconnected world. Those who believe the darkness can be avoided by other means are embracing the renewables sector, oblivious of the fact it depends on variables such as wind and sun and over the next decade is unlikely to account for more than about 20 per cent of our energy mix. And just to confuse matters, the fat subsidies that have encouraged the middle classes to change their roof tiles for solar panels and to construct wind turbines in their fields are now being withdrawn. So where in all of this energy mess might an entrepreneurial investor find opportunities? Here are my bets — on both possible outcomes of the fracking stand-off.

ITMDirector 24 Apr 2016

ITM Power says it is scheduled to have five of its refuelling stations in operation in the UK by the end of the year, and a further three are in the final stages of negotiation. Its first London refuelling station, at the National Physical Laboratory in Teddington, will open in May, with the second, at the Centre for Engineering and Manufacturing Excellence in East London, opening in July. Last September it announced a deal with Shell for three forecourt refuelling stations, and it says these will be opened before year end. It added that three further UK refuelling stations in the final stages of negotiation. It also reported that ITM Power has become an approved supplier to BOC, part of the Linde group, and an approved subcontractor and supplier to Artelia, a leading fuel forecourt designer and architect. Last year ITM opened its first UK refuelling site at The Advanced Manufacturing Park, near the M1 motorway network in South Yorkshire. Andy Allen, CFO, ITM Power, commented: “We are in a strong financial position now that we have secured the working capital required to realise the existing pipeline. Client confidence in ITM Power has increased as a result of the stronger balance sheet. We look forward to updating the market as further sales are achieved.”

ITMDirector 23 Apr 2016

Sunday, 24 April 2016, 6 p.m. The Opening Ceremony HANNOVER MESSE will take place on Sunday, 24 April 2016 at 6 p.m. at the Hannover Congress Center (HCC). Speakers Stefan Schostok, Lord Mayor of the City of Hannover Presiding over the HERMES AWARD prize-giving ceremony Prof. Dr. Johanna Wanka, Federal Minister of Education and Research Michael Ziesemer, President of the German Electrical and Electronic Manufacturers’ Association H.E. Barack Obama, President of the United States of America Dr. Angela Merkel, Chancellor of the Federal Republic of Germany

ITMDirector 23 Apr 2016

ITM. Are 1 of only 4 providers of fuel and filling stations in China. They are also only 1 of 5 in Europe. [link]

ITMDirector 23 Apr 2016

HYDROGEN MOBILITY EUROPE LAUNCHED WITH €32M FUNDING 24TH SEPTEMBER 2015 H2ME Project ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to note the press release issued today by the Hydrogen Mobility Europe project (“H2ME”), for which ITM Power is the coordinator for UK activities. The Company’s role in H2ME provides a further demonstration of the Company’s leading position in the developing global hydrogen refuelling markets. The text of the announcement from H2ME is set out below: Hydrogen Mobility Europe The most ambitious hydrogen mobility initiatives in Europe have joined forces to support the introduction of hydrogen-fuelled transport A large coalition of European partners has launched the Hydrogen Mobility Europe project (H2ME). H2ME is co-funded with €32 million from the Fuel Cells and Hydrogen Joint Undertaking (FCH JU). The project will support the deployment of Fuel Cell Electric Vehicles (FCEVs) and Hydrogen Refuelling Stations (HRS) across Europe. H2ME is the largest European project of this nature and is based around an alliance of the four most ambitious hydrogen mobility initiatives in Europe: H2 MOBILITY Deutschland, Mobilité Hydrogène France, Scandinavian Hydrogen Highway Partnership and UK H2 Mobility. These initiatives originally brought together the key stakeholders in the hydrogen sector (vehicle manufacturers, hydrogen refuelling station providers and Government representatives), to study and develop strategies to make hydrogen-fuelled transport a reality in the respective regions. These initiatives will now be working together to make hydrogen-fuelled transport a reality in Europe. Under H2ME they will deploy 200 FCEVs, 125 fuel cell range-extended electric (FC RE-EVs) commercial vans and 29 new HRSs in 10 countries (Austria, Belgium, Denmark, France, Germany, Iceland, Netherlands, Norway, Sweden and the UK) by 2019. This plan ties in with existing national level initiatives for the roll-out of a large scale hydrogen refuelling infrastructure, aimed at enabling Europe wide emission-free driving. The consortium, led by Element Energy, includes global leaders in the hydrogen and fuel cell sector, from fuel cells and car manufacturers (Daimler, SymbioFCell, Hyundai, Honda, Intelligent Energy, Nissan) and infrastructure providers (Air Liquide, BOC, H2Logic, ITM Power, Linde, McPhy, OMV, AREVA, EIFER, H2 MOBILITY Deutschland, HYOP, Icelandic New Energy, Communauté d’Agglomération Sarreguemines Confluences) to data monitoring and dissemination organisations (Cenex, WaterstofNet). The original agreements for the project were signed in July this year and the project has already delivered the first vehicles to customers in France and Germany (Daimler, SymbioFCell). Bert De Colvenaer, Executive Director of the Fuel Cells and Hydrogen Joint Undertaking stated:” To bring Fuel Cell and Hydrogen technology to the point of market readiness does require Europe wide coordination and financial support for the first movers. The Joint Undertaking is therefore keen and happy to support the implementation of this important project as part of the early Europe wide deployment of Fuel Cell Hydrogen vehicles, thereby showcasing the full potential of this European Public Private Partnership.” Ben Madden, Director at Element Energy and Overall Coordinator said: “We are very pleased to be leading this project which will lead to a significant change in the rate and scale of hydrogen vehicle and refuelling station deployment in Europe. A huge international effort over the past two decades has developed hydrogen vehicle technology to the point where it is technically ready for market introduction. H2ME will allow a widespread demonstration of the readiness of the technology, as well as developing valuable insights about the early customer experience and practical challenges of a widespread roll-out of the technology”. Frank Sreball, Managing Director of the Joint Venture H2 MOBILITY Deutschland and coordinator for the German activities under H2ME said: “The start of this project is a decisive step towards the construction of a dense network of hydrogen stations in Germany. A reliable hydrogen infrastructure is a fundamental requirement for the roll-out of fuel cell electrical vehicles from series production in the next years. With our partners we want to prove that hydrogen energy is an innovative solution for the challenges of sustainable mobility. The large number of hydrogen stations and cars in the project will allow a meaningful analysis and evaluation of operational data. We expect that the findings of this project will help us to overcome the remaining obstacles on the way to market introduction”. Fabio Ferrari, CEO, Symbio FCell and coordinator for the French activities under H2ME commented: “Mobilité Hydrogène France has developed a roll-out strategy with a first phase based on the deployment of fleets of vehicles sharing public and semi-public hydrogen refuelling stations. This simultaneous deployment of fuel cell vehicles and infrastructure will create the basis for a nationwide infrastructure, ready for passenger cars. This strategy is gathering real interest from many customers in a number of French cities, and the first deployments of vehicles and fuelling stations have already begun. In order to scale up and make fuel cell vehicles attractive to all consumers and to passenger car manufacturers, it is essential to invest in refuelling infrastructure coverage across France and across Europe. This is why we believe that a pan-European coordinated plan is absolutely key to the long term success of this promising technology for clean mobility”. Jon Bjorn Skulason, General Manager, Icelandic New Energy Ltd and coordinator for the Scandinavian activities under H2ME said: “Today fuel cell electric vehicles and hydrogen fueling stations are in daily use across the Scandinavian countries. The H2ME project will help to continue the Scandinavian efforts on market introduction – specifically contributing to securing a continuous growth in vehicles and stations.” Dr Rachel Smith, Executive Director, ITM Power plc and coordinator for the UK activities under H2ME commented: “The H2ME project is a fantastic opportunity to develop the refuelling infrastructure in the UK. The project is perfectly timed to coincide with the introduction of fuel cell cars in Europe, enabling evaluation of end-user experiences of hydrogen stations and FCEVs. The UK Consortia, led by ITM Power is delighted to participate in this project and to demystify the role of hydrogen, show the readiness of the stations and vehicles, and to enable the widespread and rapid adoption of clean emission transport.” For further information, visit www.h2me.eu or contact [email protected]

ITMDirector 23 Apr 2016

AGREEMENT WITH SYMBIO FCELL AND ARCOLA ENERGY 1ST OCTOBER 2015 symbio van ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has signed an agreement with Symbio FCell and Arcola Energy to provide an integrated package of zero emission commercial vehicles, on-site fuel and after-sales support for UK commercial fleet operators. The agreement is to work together to provide fleet customers with the assurance of a one-stop complete solution including preparation, insurance, site approvals, vehicle registration and staff training. Symbio FCell, a leading designer and manufacturer of Fuel Cell Systems and Range Extenders, has deployed the largest number of fuel cell Range Extender Electric Vehicles (REEV) in Europe with customers such as La Poste, Air Liquide and Schneider Electric. The Renault Kangoo ZE-H2 electric van with fuel cell range extender from Symbio FCell is now in series production and offers a range of over 200 miles, more than double the range of the electric-only van. With a hydrogen refuelling time of less than three minutes, but the ability to plug-in whenever possible, the vehicle provides the best of both worlds for fleet managers and drivers. A similar vehicle, adapted to the Renault Trucks Maxity 4.5 T electric light duty truck is being tested at La Poste and will be commercially available in 2016. ITM Power has recently launched a wind to hydrogen refueller near the M1 in Rotherham and announced a strategic partnership with Shell to place three refuellers on forecourts in the UK. Currently, ITM Power is building a total of five refuelling stations in London. The HFuel product is well suited to fleets of fuel cell vehicles and has demonstrated the principle of refuelling return-to-base fleets in the past. This experience has shown that support from an OEM and the quality of after-sales support for the vehicles is key to fleet customers. Arcola Energy is an engineering services business offering hydrogen and fuel cell vehicle and fleet services. In partnership with Symbio FCell, Arcola Energy offers full technical support and maintenance for the vans and assurance to fleet managers of high reliability and availability. To help fleets realise the benefits and to ensure that drivers are confident working with these cutting-edge technologies, Arcola Energy also provides engaging, hands-on training and education services, as well as supporting wider public communications for local authorities and companies wishing to highlight the benefits of hydrogen powered fleets. About the Renault Kangoo ZE-H2 by Symbio FCell • The fuel cell range extender is integrated in the Renault-TECH factory without any structural modification to the vehicle and with full OEM end-of-line quality control. • In the UK the vans are fully VCA approved and have National Small Series Type Approval (NSSTA). • As a modified version of the standard Kangoo ZE, the vans are fully supported by Renault dealerships. An EU-wide support hotline is provided to customers. • The fuel cell produces electricity, heat and water. Electricity produced by the fuel cell is used to charge the battery / drive the motor; the heat produced is captured and used to warm the vehicle cabin in winter. • With the range extender kit, battery lifetime is also extended because the increased driving range reduces the frequency of deep battery discharge that degrades the battery. • The range extender kit can be dismounted and re-mounted in a new vehicle if required. • The 74-litre hydrogen tank has a 15-year service lifetime and a driving range of approximately 360km per full tank, equivalent to 0.5 kg H2 per 100 km. NOTE that this is real driving range. Figures from a key customer are 344.9 km per tank in urban/peri-urban usage with 300 kg payload. • The refuelling time is less than three minutes. Graham Cooley, CEO of ITM Power commented; “We are delighted to be working again on the return-to-base fleet refuelling model with commercial vehicles that are backed by an OEM and have a full after-sales support package. We look forward to selling refuelling stations into this important emerging market with Symbio FCell and Arcola Energy as our partners”. Ben Todd, Managing Director at Arcola Energy commented; “The Symbio FCell zero emission vans combined with ITM Power’s clean hydrogen production means truly low carbon and non-polluting fleets are now possible for UK cities. With rapid changes in environmental regulation in urban centres and emerging uncertainties in the claims made for conventional vehicles, fuel cell electric vehicles are becoming increasing popular, especially with organisations with large urban fleets and central refuelling and maintenance depots.” Fabio Ferrari, CEO of Symbio FCell, commented; “In order to develop our core business in the design and production of Fuel Cell Systems, we are continuously expanding our team of collaborators, who represent the best-in-class in each area of the fuel cell system. Working with ITM Power and Arcola Energy will allow us to expand deployment of our fleet-ready Renault Kangoo hydrogen fuel cell hybrid vans in the UK.”

ITMDirector 23 Apr 2016

TM Power (AIM: ITM) the energy storage and clean fuel company is pleased to announce that it has signed an agreement with Ove Arup & Partners Ltd (Arup) for siting and business development of both hydrogen refuelling stations and hydrogen energy systems. Arup is a world leading firm of designers, planners, engineers, consultants and technical specialists working across the built environment. Arup has access to many early stage construction schemes involving energy systems. The collaboration will identify opportunities for the deployment of hydrogen refuelling stations and energy storage systems using ITM Power’s energy storage and refuelling technologies. Dr Graham Cooley, CEO, ITM Power Plc, commented “ITM Power are pleased to announce this agreement with Arup. This is an excellent opportunity to identify new sites for hydrogen refuelling stations and other energy related projects.” Alan Thomson, Director, Global Leader Energy Systems, Arup, commented “Arup is delighted to be working with ITM Power to identify deployment opportunities for this exciting world class technology. Arup has a world leading energy team and adding hydrogen technology to our portfolio will open up exciting new business.”