SP Angel Morning Energiser: 24/05/23

Saudis warn that short-sellers will be ouching

SP Angel Morning Energiser: 22/05/23

US rig count falls y/y

Atome Energy - Atome moves into green fertilisers and gains strategic investor

Exciting news from Atome, which is shifting its Villeta project in Paraguay downstream into green fertiliser production. This is the result of strong demand pull from international offtakers keen to secure 100% green fertiliser to move away from a reliance on hydrocarbon-derived products and reduce CO2 emissions. The additional costs associated with this project expansion should be more than offset by the expected commercial benefits – heightened offtake interest, simpler logistics, greater earn

Morning Note – 22 May 2023

ATOME Energy plc* (ATOM LN) - Green fertiliser to enhance Villeta project NPV

NAV Update - Green fertiliser to enhance Villeta project NPV

ATOME Energy - Strategic Stake And Fertiliser Move

US energy technology company Baker Hughes has made a US$3m (£2.4m) investment in ATOME representing a 6.6% holding. As with all such strategic stakes the information content of the investment is key, signalling a positive appraisal of the company from an industry insider. Specifically, we see the interest of this major player as pointing to the long-term development opportunities ATOME has in multiple geographies. ATOME has also announced that it will add a back end process in the Villeta design

LIBERUM: ATOME Energy * - Significant expansion of Villeta, BH joins the register

LIBERUM: ATOME Energy * - Ramp up phase

SP Angel Morning Energiser: 04/04/23

Market digests OPEC+ cut

Morning Note – 4 April 2023

ATOME Energy - Progress In Iceland

ATOME has made significant progress on its green ammonia projects in Iceland with agreements being developed for the provision of renewable electricity using Iceland’s geothermal and hydro resources. Additionally, an MoU has been agreed targeting the decarbonisation of one of the country’s leading fishing companies using green ammonia.

SP Angel Morning Energiser: 20/03/23

Energy prices extend losses

SP Angel Morning Energiser: 01/03/23

Energy prices stable

ATOME Energy - ANDE Showing Support

We see the positive report on meetings from Paraguayan power company ANDE as showing strong support in the country for ATOME’s current projects and a sense willingness to support further development. ANDE is clearly key to success for ATOME in Paraguay and the strong level of cooperation is apparent in today’s statement in our view.

Invinity Energy Systems - New Sale Could Build Familiarity

A sale of four VS3 Invinity flow batteries shows continued positive momentum for the company. This deal goes further as we see it building familiarity for the company’s storage technology with key members of the workforce in the North American electricity industry.

LIBERUM: Yü Group* - Yet more upgrades

Initial Equity Trading Comments - 15 May 2023

Invinity Energy Systems - Further US Sale

A further sale in the USA shows that Invinity is seeing growing momentum in the country. With the Inflation Reduction Act now creating storage specific tax credits for the coming decade while the Bipartisan Infrastructure Law offers significant incremental support for long duration energy storage, we see this market as a key opportunity for the company.

LIBERUM: Eneraqua Technologies* - Initiation - Saving money... and the planet

RSL budget pressures impact margin expectations

FY23 results confirm strong growth, delivering adj. PBT of £10.1m (SCMe: £9.8m, FY22: £5.6m). Investors are likely to focus on the outlook however, where we materially reduce our earnings forecasts. Registered social landlord clients are reacting to significant budget pressures, with high levels of cost inflation exceeding government rent caps. In response, clients have rephased project schedules, prioritising lower cost per unit, typically lower margin, projects as they right-size capital budge

ITM Power (ITM LN) - Trading update

ITM has released a trading update, refining guidance for the full year to April 2023, and reporting progress on the company’s ongoing project to refocus its business on manufacturing delivery and scale up

Morning Note – 11 May 2023

Hybridan Research: Sector Review: Critical minerals for UK - mining and battery recycling: 09-05-2023

Virgin mining: Energy security and decarbonisation are driving the race in the sourcing of critical minerals from the natural world. This has contributed to the revival of exploration activities in the US, Europe and to a lesser degree the UK. For example, the global identified lithium resources increased from 40m tonnes in 2015 (the Paris Agreement year) to 97m tonnes in 2023, at a CAGR of 12%, according to the U.S. Geological Survey data. For example, there was no identified lithium resources

LIBERUM: Wincanton - FY results in line, exit from closed book transport

Hybridan Small Cap Feast - 23 Feb 23

23rd May 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

Webinar: “The Impact of US IRA on Clean Energy Companies”

The US Inflation Reduction Act will have sweeping impacts on the energy industry and its participants. We’ve invited four companies from the Active Net Zero Universe to share how they see the industry evolving, helping investors identify the major risks and opportunities. Companies presenting are EQTEC (EQT LN), Foresight Group (FSG LN), Invinity Energy Systems (IES LN) and Velocys (VLS LN). The Active Net Zero Universe uses the same selection methodology as the Solactive Active Net Zero Global

Powerhouse Energy - Northern Ireland Site Identified

Powerhouse has today announced an agreement with Noage Energy to establish a project in Northern Ireland using Powerhouse technology to convert waste to energy. Noage have identified a potential site and work is due to commence to negotiate access and to obtain the necessary permits for construction and operations. This follows the joint venture with Hydrogen Utopia International to develop a waste to hydrogen project in the Republic of Ireland announced earlier this year and displays a growing

In the Flow

Industry flows - bond funds remain preferred over equities Risk appetite for equity funds remained subdued with last week seeing $4bn net outflows (negative in 8 of the last 9 weeks). Flows worsened sequentially for Asia/EM categories, but improved for US and European equities. Bond funds saw inflows for a 10th straight week (c.$8bn) with broad based inflows across US government, IG and HY funds. Listed asset managers flows - inflows into ETFs, outflows from mutual funds ETFs net inflows contin

Epwin Group+ (EPWN, House Stock, 67p) - Trading update: forecasts intact; 7x PER compelling