ITM Power hails step forward in hydrogen fuel scheme
21st Oct 2014 16:05
Energy storage and clean fuel company ITM Power has hailed a move paving the way for the roll-out of its hydrogen vehicle re-fuelling stations in Europe. ITM said it had taken delivery of one of the first Hyundai ix35 fuel cell vehicles to arrive in the UK under the EU-backed HyFive project. The gr
Read moreITM Power launches new commercial product range
27th May 2014 11:06
Energy storage and clean fuel group ITM Power has launched an optimised standard product platform tailored to its target market of clean fuel applications. The energy storage product range meets the requirements of hydrogen mobility programmes and megawatts (MW) scale power-to-gas. The group curren
Read moreITM Power wins contract under London Mayor's HyFive project
3rd Apr 2014 08:35
ITM Power shareholders on Thursday cheered the AIM-listed energy storage and clean fuel company's contract win from the Mayor of London's European Union HyFive project. Under the agreement, which is worth £2.8m, ITM will supply three of its electrolyser-based refuelling stations to the capital.
Read moreITM power announces approval of five hydrogen refuelling sites
7th Feb 2014 10:56
Energy storage and clean fuel company, ITM Power, announced the approval of five hydrogen refuelling sites, on the Isle of White. The company now has planning permission for an 80kg a day hydrogen refuelling station at four locations and a remaining station for a 15kg a day. The energy group has
Read moreITM Power secures contract with AMEC and National Grid
24th Jan 2014 11:06
ITM Power has secured a commercial contract with AMEC and National Grid to assess the deployment of Power-to-Gas Energy Storage technology to reduce the energy losses in the gas network. The company will review the cost and energy benefit of deploying Power-to-Gas technology at specific sites on th
Read moreITM Power appoints new CFO
20th Jan 2014 07:59
Clean fuel company ITM Power has appointed Brian Jackson as Chief Financial Officer (CFO) with immediate effect. Jackson replaces Barry Cunliffe, who is leaving to become Group Financial Director with a private engineering group of companies. The new CFO of ITM most recently worked as Internatio
Read moreITM Power sells electrolyser to UK government
20th Nov 2013 08:01
Renewable energy company ITM Power has received its first order for an electrolyser plant from an unspecified UK government agency. The AIM-listed company reported that it won the government contract in a competitive tender process based on price, performance, compliance and delivery time-scale.
Read moreITM wins 1m pound grant from Welsh Government
4th Oct 2013 07:43
AIM-listed fuel cell company ITM Power has won a 1m pound grant from the Welsh Government. The money will be used to create a subsidiary called ITM Motive in Wales to help with the establishment of a hydrogen refuelling infrastructure in Wales. ITM Motive will set up a business development office
Read moreITM wins purchase order in the US
11th Sep 2013 09:19
Energy storage and clean fuel company ITM Power on Wednesday announced that through its new US company it had received a purchase order from Hydrogen Frontier to supply a rapid response electrolyser unit to be integrated into Hyundai's hydrogen energy and fuelling station in California. The refuel
Read moreITM Power completes fundraising as revenues retreat
6th Aug 2013 14:44
Fuel cell developer ITM Power has completed a 2.0m-pound fundraising at a moderate discount in order to advance its key projects. The Aim company announced the 35p-priced institutional placing on the day of its final results, which showed revenues had collapsed from £480,000 to £87,000. The comp
Read moreITM Power joins French national infrastructure programme
5th Jul 2013 08:07
Clean energy group ITM Power has joined a French national hydrogen energy infrastructure programme that aims to propel the fuel source to the forefront of the country's renewable energy campaign. Two days after ITM issued a profit warning after revenues for the year were "revenues are significantl
Read moreITM Power cuts annual revenue forecast
3rd Jul 2013 13:30
ITM Power's shares plunged after the energy storage and clean fuel company said full-year revenues would be significantly lower than expected. The AIM-listed company's revenues for the year to April 30th 2013 are anticipated to dip to £87,000 due to delivery delays, according to a trading update on
Read moreITM Power achieves first sale in Russia
12th Mar 2013 13:10
ITM Power said on Tuesday it made its first sale in Russia to an undisclosed company. The fuel cell firm sold its first reference plant based on the company's HPac platform. "Russia is a fast growing energy market that is beginning to look more seriously at the renewable space," said Chief Executi
Read moreITM Power updates on patent portfolio
3rd Jan 2013 11:22
ITM Power, the clean fuel specialist, said its intellectual property portfolio portfolio had continued to grow in strength and in depth. The firm said that since the start of 2010 it had seen 21 patents granted across ten patent families, covering technologies, materials or processes relevant to IT
Read moreITM shakes hands over renewable power deal
3rd Aug 2012 09:28
ITM Power, an energy storage and clean fuel company, has teamed up with GMI Renewable Energy on a renewable power project. The pair are to offer integrated renewable power generation and hydrogen production for back-up power, industrial processes and refuelling solutions for materials handling equi
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