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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.95 | 1.72% | 56.25 | 55.80 | 57.00 | 57.00 | 53.35 | 53.35 | 4,166,895 | 16:35:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electrical Machy, Equip, Nec | 5.23M | -101.2M | -0.1641 | -3.47 | 351.62M |
TIDMITM
RNS Number : 4429E
ITM Power PLC
30 June 2023
30 June 2023
ITM Power PLC
UKCA Accreditation Received
ITM's state-of-the-art MEP30 electrolyser stack has been successfully UKCA marked. Manufactured products deployed to the GB market after 31 December 2024 must have the UKCA marking.
This enables green hydrogen projects in development stage today to benefit from the required certainty of a UK-based partner offering product compliant with legislation which will take effect during the course of their projects. The self-pressurised stack, which also maintains its CE marking for the EEA market, is the core element of ITM's proton exchange membrane (PEM) electrolyser product portfolio. This is another achievement in line with ITM being the first PEM electrolyser company to deploy three-digit MW plants in the market worldwide.
Staying one step ahead, ITM are also the first to announce UKCA accreditation, future proofing and demonstrating continual developing of their products ensuring compliance with legislation crucial to serve the UK market. The legislation has been factored into the product design with the marking applied for in advance of the legal changes taking effect to ensure continuity and no disruption to the decarbonisation efforts in the UK.
The United Kingdom Conformity Assessed or UKCA mark is being phased in to replace the CE mark in Great Britain (England, Wales and Scotland) and is a mandatory marking on a product to indicate that it conforms to GB legislation, applicable for products placed on the GB market after 31 December 2024.
For further information please visit www.itm-power.com or contact:
ITM Power PLC James Collins, Investor Relations +44 (0)114 551 1205 Justin Scarborough, Investor Relations +44 (0)114 551 1080 Investec Bank plc (Nominated Adviser and Broker) +44 (0)20 7597 5970 James Rudd / Chris Sim / Ben Griffiths
About ITM Power PLC:
ITM Power was founded in 2000 and ITM Power PLC was admitted to the AIM market of the London
Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures
electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the
only net zero energy gas, using renewable electricity and water.
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(END) Dow Jones Newswires
June 30, 2023 02:00 ET (06:00 GMT)
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