ITM POWER PLC (ITM) — Interim Results for the six months ended 31 October 2024

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the ITM POWER PLC interim results for the six months ended 10/31/2024. Throughout this recorded meeting, investors will be in listen only mode. Questions are encouraged and can be submitted any time by the q and a tab situated on the right hand side. Just simply type your question and press send. Company may not be in a position to answer every question received during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, we'd like to submit the following poll. I'd now like to hand you over to the ITM POWER team. Good morning. Good morning, and welcome to our interim results presentation for the first half of the financial year '25. We have put together for you a comprehensive update. Among other topics, we will check-in on our strategic priorities, talk about our project landscape, our contract backlog and our sales pipeline. But before diving into details, let me give you an overview of where we stand. I've clustered the overview into the markets, our operational situation, the competitive landscape and our financial position. Achieving net zero requires the transformation of our energy system. To support this cause, governments worldwide are implementing policies, regulatory frameworks and financial support mechanisms. As the only net zero gas, green hydrogen is becoming a significant pillar of the global energy mix. Whether as a feedstock in sectors such as chemicals and refining, as a fuel or as a source of flexible power generation. The potential of green hydrogen and the electrolyzer industry remains phenomenal and provides optimism for the future. When it comes to regions, the European Union has an ambitious strategy for hydrogen. I...