ITM gets power play on Isle of Wight
18th Jul 2012 10:28
ITM Power, the clean fuel specialist, is to be a major player in a project to create a so called "smart grid" on the Isle of Wight. The project will see a hydrogen energy store and vehicle refuelling system integrated into the electricity grid of the island. The total project value is £4.66m, whic
Read moreITM Power does deal with EADS
25th Jun 2012 09:56
Shares in ITM Power, the energy storage and clean fuel company, jumped on Monday after it announced a deal with Airbus' parent company, EADS. Sheffield-based ITM has sold its first hydrogen generation system to EADS for use by its research arm, Innovation Works, in its energy and propulsion laborat
Read moreITM appoints new Director of Engineering
15th Jun 2012 13:07
ITM Power, the energy storage and clean fuel company, has appointed Dr Charles Johnstone as its Director of Engineering. Johnstone is a Chartered Engineer and is joining the company from Blanson, where he was Managing Director. He has a background in compliant product engineering and has worked
Read moreSmall caps round-up: Games Workshop, Record, ITM ...
20th Apr 2012 09:36
Miniature table-top war games firm Games Workshop said trading in the four months to the beginning of April has been broadly in line with the board's expectations. Specialist currency manager Record has posted assets under management equivalents of $30.9bn (£19.3bn) at March 31st, up from $25.4bn (
Read moreITM Power awarded grant
12th Apr 2012 14:47
ITM Power, an energy storage and clean fuel company, has been awarded a grant under the Technology Strategy Board's Smart Power Distribution and Demand competition. The project is due to start in July of this year and will last 12 months. "The UK quotient of renewable energy generation is due to
Read moreITM wins distribution deal for Asia and US
19th Mar 2012 09:09
ITM Power, the clean fuel company, has negotiated a distribution agreement with Singapore-based Horizon Fuel Cell Technologies, that will see its products marketed in Asia and the US. This could be a major step for the Sheffield based firm which has been hanging around the AIM market since 2004 but
Read moreCash burn and losses grow at ITM Power
25th Jan 2012 13:09
Interim losses may have increased at clean fuel outfit ITM Power but the company reckons 2012 could be a pivotal year as the group's technology starts to make a commercial impression. "One of the key challenges facing us has been to demonstrate that our technology has a competitive cost structure w
Read moreITM Power gets EU go-ahead
23rd Jan 2012 10:15
ITM Power, which specialises in energy storage and clean fuel, said it had CE compliance for its transportable hydrogen refuelling system, allowing commercial sales to begin in the EU. A CE mark signals compliance with EU Directives and therefore enables free movement of a product within the Europe
Read moreITM up on M&S tie up
20th Jan 2012 09:36
ITM Power, which makes hydrogen fuel cells, has risen significantly this morning after announcing a tie up with UK retailing giant Marks & Spencer. Using ITM's platform to generate hydrogen, the six week trial will see M&S using several fuel cell vehicles as a direct substitute for part of the exis
Read moreITM Power in new hydrogen fuel project
18th Jan 2012 11:28
ITM Power, the Sheffield-based firm which makes systems to store energy in the form of hydrogen, is participating in a new project created to ensure the UK is well positioned for the commercial roll-out of hydrogen fuel cell electric vehicles. The new programme, known as UKH2Mobility, brings togeth
Read moreSector movers: SSE falls as EDF cuts gas prices
11th Jan 2012 15:35
UK-listed electricity stocks were providing a drag today, after French utilities giant Electricite de France announced that it would reduce gas bills from its UK arm. Gas and electricity giant SSE, the nation's second-largest energy supplier, was among the worst performers of the day on the FTSE 10
Read moreITM Power blows hydrogen price targets
14th Nov 2011 15:35
ITM Power, the Sheffield based firm which makes systems to store energy in the form of hydrogen says one of its products can easily beat EU cost targets. The news has seen ITM's share price rocket 8.3%. The product is called HFuel and works by taking renewable energy, for instance wind or solar po
Read moreITM Power rockets following fuel cell tests
4th Oct 2011 08:33
ITM Power, which specialises in energy storage and clean fuel, rocketed higher following the announcement of successful testing of a new membrane material for fuel cells. The firm claims the fuel cells' "power density ... has been increased by one order of magnitude". According to the firm "incre
Read moreLondon close: record gold price = scared investors
18th Jul 2011 16:03
Stock markets fell across the board today as concerns persist over European and US sovereign debt. Friday's European banking stress tests were seen as something of a damp squib by markets after they failed to adequately analyse the impact sovereign debt default would have on the Continent's banks.
Read moreLondon midday: Stress test results cast shadow
18th Jul 2011 12:15
Stocks are firmly in the red after Friday's European Banking stress tests. Eight European banks failed stress tests drawn up by the European Banking Authority (EBA). Five Spanish banks - Catalunya Caixa, Pastor, Unnim, Caja3 and CAM - and two from Greece - ATEbank and EFG Eurobank - were deemed not
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