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
  -5.80 -4.79% 115.20 116.40 118.40 120.00 116.20 116.80 1,000,995 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 4.6 -9.3 -2.9 - 545

ITM Power: Gigastack Project's Phase Two Receives GBP7.5 Million Funding

18/02/2020 9:03am

Dow Jones News


Itm Power (LSE:ITM)
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By Anthony O. Goriainoff

 

ITM Power PLC said Tuesday that 7.5 million pounds ($9.8 million) of funding has been awarded for phase two of the Gigastack renewable hydrogen project as part of the U.K.'s Department for Business, Energy and Industrial Strategy hydrogen supply competition.

The London-listed energy storage and clean fuel company said the project--which includes Orsted, Phillips 66 Ltd. and Element Energy--aims to show how renewable hydrogen derived from offshore wind can support the U.K.'s 2050 net-zero greenhouse-gas emission target.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

(END) Dow Jones Newswires

February 18, 2020 03:48 ET (08:48 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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