SP Angel Morning Energiser: 31/01/24

Red Sea transit down by half

ITM Power (ITM LN) - H1 FY 2024 results

ITM has released its H1 results to the end of October 2023. These report good progress on the company’s ongoing strategic reset, including setting of additional goals for the coming years.

ITM Power (ITM LN) - Capacity reservation by Shell

ITM has announced a reservation by Shell for 100MW of ITM manufacturing capacity. This is for supply to Shell’s Refhyne 2 project in Germany and is for ITM’s latest Trident electrolyser stack.

ITM Power (ITM LN) - Trading update

ITM has released a trading update, providing guidance on its upcoming H1 FY 2024 results, and reiterating full year FY 2024 guidance.

UK-Listed Energy Sector: Review of the UK oil and gas landscape – why the country needs it, current policy and tax

The front of this note takes a look at the UK oil and gas sector, why domestic production is advantageous, what the main political parties think, and what could happen going forward. The latter part contains a review of the companies in our coverage – some that are UK centric, which give exposure to the note’s wider theme, and others that are focused elsewhere.

ITM Power (ITM LN) - Hybrid stack product launched

ITM has announced release of its new hybrid stack electrolyser product. The aim of this product is to allow operators of the earlier MEP20 iteration of ITM’s electrolyser to benefit from the upgrades in the company’s latest MEP30 Trident stack

ITM Power (ITM LN) - US market entry

ITM has announced that it has begun bidding on contracts in the USA. The US market for hydrogen projects is supported by both the US$370bn Inflation Reduction Act and the specific US$9.5bn of investment for clean hydrogen via the Infrastructure Law. The company’s US market entry is enabled by ITM now being able to supply its basic electrolyser stack into countries using both CE and ASME standards, providing both potential important manufacturing synergies and economies of scale on any ramp up fo

LIBERUM: New Energy Nuggets: Hydrogen - the future is green

Revenues beat expectations and good progress on the 12-month strategic plan

ITM confirmed its preliminary FY23 figures beating the consensus on revenues, helped by the accelerated delivery on a project. The adjusted EBITDA loss was in line with the consensus, whereas net cash was ahead of consensus expectations. Regarding costs, the gross and operating losses were impacted by inventory losses, the reassessment of warranties and contract loss provisions. On the strategy side, ITM Power has made good progress on its 12-month plan. Lastly, ITM also announced its new 20MW m

SP Angel Morning Energiser: 17/08/23

US refiners running hard

ITM Power (ITM LN) - Full year results to April 2023

ITM has released its full year results to the end of April 2023. These report financials in-line or ahead of guidance, alongside ongoing progress on the company’s new strategy, and a refocus on new product sales given the increased confidence in ability to deliver customer orders.

ITM Power (ITM LN) - Collaboration with WL Gore

ITM has announced a new collaboration with WL Gore & Associates

Hybridan Small Cap Feast 07/07/23

Joiners: No joiners today. Leavers: Medica Group plc has left the Premium Segment of the Main Market. What’s cooking in the IPO kitchen?** Blackpoint Biotech plc, a medical cannabinoids company established to fulfil gaps in the medical cannabis market by creating products that provide fast onset of action and accurate dosing, intends to join intends to join the Access Segment of the AQSE Growth Market. Expected Admission 20 July 2023. Metals One Plc, a company focusing on acquiring natural resou

Hybridan Small Cap Feast - 03 Jul 23

3rd July 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectiv

ITM Power (ITM LN) - Collaboration with Mott Corporation

ITM has announced a new collaboration with Mott Corporation. Mott is a US company operating in the precision filtration space across medicine, computing power, clean energy and space exploration