As I said in February 2025 in a comment nobody liked or replied to:
"Seems to me like IES would be insolvent were it not for the UK government and Ed Miliband's net zero agenda; yet another jam tomorrow AIM outfit with a good idea but delusional about how much capital they require and far too optimistic about sales. As a result, having to constantly do capital raises and dilute existing shareholders.
However, government backing means that this might be worth a punt."
It is now up 64% in the last month, down 47% in the last year, down 8.5% over 6 months. Tempting to see 31 March as the bottom but we have seen a lot of rises and subsequent falls with this one.
Paul, I believe the share price movement today could be a realisation that the UK's LODES scheme (and other similar schemes) have MASSIVELY increased in priority worldwide.
Why?
Grid Stabilisation: VRFBs with their long-duration storage (<12 hours), in scale could have provided sustained energy to stabilise the grid after the sudden 60% demand loss caused by the failure of solar plants. Unlike lithium-ion BESS, which excel in short bursts, VRFBs can discharge steadily over extended periods, addressing prolonged imbalances. This could have maintained grid frequency and prevented the cascading failure that disconnected Spain’s grid from France.
Green-energy detractors have seized on the fact it was Solar Power that caused the issue and lots of people talking about "Inertia".
It's an interesting fact overlooked by those people that if you knocked out several gas or nuclear power plants simultaneously you could achieve exactly the same outcome.
i.e. the problem was the sudden imbalance not the type of power generation.
Regarding the Spain outage, from what I have read, what it does show is that you need inertia on the grid. Solar and wind don't give you that, don't think batteries do either. It needs heavy turbines.
Interestingly, the UK relies a good deal on Drax for inertia. Another reason Drax and its controversial wood chip burning is here to stay!
"Inertia" is just another word for base-load power. The point being if your base-load power stopped working then you'd have an outage, same as Spain did.
As I said in February 2025 in a comment nobody liked or replied to:
"Seems to me like IES would be insolvent were it not for the UK government and Ed Miliband's net zero agenda; yet another jam tomorrow AIM outfit with a good idea but delusional about how much capital they require and far too optimistic about sales. As a result, having to constantly do capital raises and dilute existing shareholders.
However, government backing means that this might be worth a punt."
It is now up 64% in the last month, down 47% in the last year, down 8.5% over 6 months. Tempting to see 31 March as the bottom but we have seen a lot of rises and subsequent falls with this one.
Paul, I believe the share price movement today could be a realisation that the UK's LODES scheme (and other similar schemes) have MASSIVELY increased in priority worldwide.
Why?
Grid Stabilisation: VRFBs with their long-duration storage (<12 hours), in scale could have provided sustained energy to stabilise the grid after the sudden 60% demand loss caused by the failure of solar plants. Unlike lithium-ion BESS, which excel in short bursts, VRFBs can discharge steadily over extended periods, addressing prolonged imbalances. This could have maintained grid frequency and prevented the cascading failure that disconnected Spain’s grid from France.
Green-energy detractors have seized on the fact it was Solar Power that caused the issue and lots of people talking about "Inertia".
It's an interesting fact overlooked by those people that if you knocked out several gas or nuclear power plants simultaneously you could achieve exactly the same outcome.
i.e. the problem was the sudden imbalance not the type of power generation.
I remain positive about IES.
OB
Yes, I took a punt on it back on 25 February.
Think if Ed Miliband loses his job I'd sell!
Regarding the Spain outage, from what I have read, what it does show is that you need inertia on the grid. Solar and wind don't give you that, don't think batteries do either. It needs heavy turbines.
Interestingly, the UK relies a good deal on Drax for inertia. Another reason Drax and its controversial wood chip burning is here to stay!
"Inertia" is just another word for base-load power. The point being if your base-load power stopped working then you'd have an outage, same as Spain did.
OB