Great write up about this! I have been looking at them for not that long but like the future prospects of them, also they are heading forwards as green technology coMpany which ticks a box for me on this investment. As so often the case I wish I had paid more attention to them even only a month ago, however I have a small holding with them, and will likely add a little to them each month for now, as an aggressive high risk holding ( I do not have many of these in my portfolio). I hope, obviously, they do very well either on their own or get bought out by shell or BP in which case the shares should do ok then. Exciting and one to defiantly keep tabs on.
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Interesting take - definitely wasn’t expecting a Buy! Personally I’m avoiding as I think hydrogen is over hyped. The only niches I could see it potentially gaining traction would be for Airplanes and Trucks where the tradeoff of low conversion efficacy is worth it for the faster refueling/charging and capacity (the weight of electric batteries for trucks/planes make them untenable atm i think)
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I have thought that but I could see them, or hydrogen, being utilised in industry a lot more. I may be wrong, but I think there is potential to be used in gas fired units with little modifications needed, could be a huge draw in industries that are keen on going greener. Who knows!
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Nice write up - I agree with you that purely on financial info alone it is difficult to rationalise a case for the current share value so people are clearly trying to factor in future prospects.
Not all hydrogen is equal - personally I think that ITMs technology choice is more likely to be a long term winner than some of their competitors.
I’m also not so sceptical about the long terms prospects of hydrogen compared to some - just as we saw a large scale switch from coal to gas, I think you could envisage a large scale switch from gas to hydrogen (before you even consider hydrogen’s other uses in chemical production). After all burning hydrogen gives you water rather than CO2.
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Could we see a review of Berkshire Hathaway?
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@jcksmith850 have thought about publishing your own blog/website? Go for it
Note: I didn’t buy/sell shares in the companies you’ve been looking at. And I’m thankful for your effort
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I think that is called fake news or bad science! Yes water is a greenhouse gas but no it isn’t as important as CO2 as it is pretty short lived (if we get too much water vapour in the atmosphere it rains!).
Hydrogen has much higher energy density than petrol (though it needs to be compressed and is much more explosive) so the amount of water released should be less than petrol engines - in fact it is about the same:
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Not sure how my employers would feel about that! We have restrictions even on social media. Not sure if it all applies while furloughed. Who knows, if they let us go then I guess I can do something more with this!
I always want people to do their own research. I just like to summarise my position, I hope you find my insights interesting or at least entertaining!
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A really good write up on hydrogen power and where it makes sense.
Hydrogen is much more likely to be prevalent in heavy vehicles such as buses, trucks and ferries than cars.
We could sit as a society and wait for the perfect solution, that all hydrogen is produced from renewables but that takes too much time. The way forward is to use existing infrastructure and energy sources, and building up CCS (carbon capture and storage), which will allow us to start decarbonising almost immediately.
Some interesting insight with some realistic considerations.
Not sure how my employers would feel about that! We have restrictions even on social media.
Now I’m curious, what sector do you work in? 
Finance as a developer. Our HR policies feel very antiquated 
I always thought it was a stable job and didn’t have to worry, guess it wasn’t as sure a thing as I hoped. These write ups and looking at my portfolio has been a fun distraction, but I do worry if I will get my job back.
I better keep improving my investing skill just in case 
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Finance as a developer
Sounds interesting!
So like a Quant?
I’m also a developer, luckily not furloughed (work in energy sector). Wouldn’t worry too much? Worst case you find another (probably better) job 
. Hang in there.
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I wish! I’ve always dreamed of making my own algo. Honestly have no idea where to start!
Just back office data processing mostly. Moving around data and sticking together APIs so the middle/front end guys have an easier life.
It is why investing is so interesting to me. Seeing all this data every day I wanted to learn about it and know why I was gluing data together rather than just doing it!
After looking at ITM the energy sector seems way more exciting than I ever expected!
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Very interesting and informative read thank you.
I think a lot of people including myself have historically rejected hydrogen fuel cells as an inefficient roundabout way of producing power for EV’s. It seemed to be a last chance gambit for the gas and oil companies to appear to be “going green” but not mentioning the fact that the production process was not carbon free.
I am so pleased that companies like ITM are getting the recognition they deserve as their renewable energy process does seem to be genuinely carbon free.
I don’t think the fuel cell technology suits small passenger vehicles in the short term. There may be a battle to be had in the future with Battery Electric Vehicle manufacturer’s. Toyota, Honda and Hyundai are still investing in hydrogen powered cars but I think they are in the minority. Heavy duty commercials are where it’s at for ITM at present.
Are there any other companies working on similar technology to ITM that aren’t yet in the spotlight, I am aware of Ceres but I feel I have missed the boat on them. I am hoping that FT add Nikola soon as they could be on a similar path to Tesla.
Thanks again for your write up.
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Freetrade are recruiting, not sure if any of the roles that they offer would be interesting for you. Wouldn’t hurt to get in touch with them.
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i think Lloyds would be an interesting one?
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Love reading these. Would be interested in your thoughts on General Electric. Big fall in share price lately, could they be a value buy?
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Thanks for the great feedback and ideas. I really appreciate all the kind words 
I will have a look through the ideas and see what makes for some exciting writing today!
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Sorry for the delay! I wanted to try something a bit different so I’m writing about the renewable energy sector and an interesting company which works a bit differently!
It’s a bit more wordy and covers more of the history which takes me a bit longer! I’m excited to see what you guys think! 
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