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ITM Itm Power Plc

51.55
0.30 (0.59%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Itm Power Plc LSE:ITM London Ordinary Share GB00B0130H42 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.30 0.59% 51.55 51.70 52.05 52.15 49.96 51.30 1,097,093 16:35:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electrical Machy, Equip, Nec 5.23M -101.2M -0.1641 -3.15 318.93M

ITM Power Secures £3.5m Contract to Deploy a 3MW Electrolyser System

03/04/2017 11:36am

PR Newswire (US)


Itm Power (LSE:ITM)
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LONDON, April 3, 2017 /PRNewswire/ --

ITM Power plc 

("ITM Power" or the "Company")

ITM Power, the energy storage and clean fuel company is pleased to announce it has signed a £3.50m contract for the deployment of 3MW of electrolysis in the UK with some associated hydrogen energy equipment. Further details will be made available, including the location and application, when possible. The Company currently has £21.79m of revenue under contract and £2.86m in the final stages of negotiation, making a total pipeline of £24.65m.

     (Photo: http://mma.prnewswire.com/media/485519/Electrolyser.jpg )

About ITM Power plc 

ITM Power manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals.  ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and is a founder member of the Social Stock Exchange. The company received £4.85m as a strategic investment from JCB in March 2015; signed a forecourt siting agreement with Shell in September 2015 and a fuel agreement with Toyota in October 2015. The Company currently has £21.79m of revenue under contract and £2.86m in the final stages of negotiation, making a total pipeline of £24.65m (subject to exchange rate variation).

http://www.itm-power.com

For further information please visit http://www.itm-power.com or contact:

ITM Power plc      
Graham Cooley, CEO
+44-(0)114-244-5111    

Tavistock Communications
Simon Hudson / James Collins    
+44-(0)20-7920-3150


SOURCE ITM Power Plc

Copyright 2017 PR Newswire

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