ITM POWER ORD 5P
ITM POWER ORD 5P
- GBX (-)
- 15 min delayed data - London Stock Exchange
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ITM
ISIN: GB00B0130H42

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

  • 213
ITM Power Secures £3.5m Contract to Deploy a 3MW Electrolyser System

PR Newswire

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

PR Newswire
PR Newswire

PR Newswire's news distribution, targeting, monitoring and marketing solutions help you connect and engage with target audiences across the globe.