Directors dealings: Peter Hargreaves contributes £1.2m to ITM Power offer
17th Feb 2016 15:36
(ShareCast News) - Three directors of ITM Power have contributed £2.2m as the renewable fuel cells company completed a £5.8m fundraising to support its current pipeline for builds and sales. ITM's placing and open offer at 15p a share saw chief executive Graham Cooley spend almost £65,000, while non
Read moreITM Power sees bigger revenues, smaller losses in first half
29th Jan 2016 14:12
(ShareCast News) - Revenues were up significantly at ITM Power in the first half of the year, though the company still had work to do to reduce 'cash- burn' and achieve profitability, it revealed in its half-year report on Friday. The AIM-traded energy storage and clean fuel company reported total r
Read moreShell to roll-out hydrogen pumps at European petrol stations
13th Oct 2015 13:30
(ShareCast News) - Petrol stations around Europe will soon begin to offer hydrogen fuel pumps alongside their standard unleaded and diesel options, as a means of encouraging greater adoption of hydrogen powered fuel-cell electric vehicles (FCEVs). Having last month agreed to a small UK pilot program
Read moreITM Power lifted by London hydrogen car delivery from Toyota
13th Oct 2015 12:57
(ShareCast News) - Shares in fuel cell developer ITM Power were given a small boost by the news that Toyota has delivered a dozen new zero-emission vehicles powered by ITM's hyrdrogen fuel cells to the city as part of the city's commitment to improve air quality. Transport for London will use four o
Read moreITM Power launches first public access hydrogen refuelling station
17th Sep 2015 09:17
(ShareCast News) - ITM Power launched its first public access hydrogen refuelling station on Thursday, at the Advanced Manufacturing Park, just off the M1 in South Yorkshire. The energy storage and clean fuel company said the site, which has a public access refuelling station, is the first of its ki
Read moreITM Power surges on RWE project delivery
18th Aug 2015 08:09
(ShareCast News) - Shares in ITM Power surged over 10% early on Tuesday, as the energy storage group confirmed it had officially launched a high-tech gas-to-power plant for RWE in Germany. In December last year, the London-listed company secured a deal with energy giant RWE to supply a rapid respons
Read moreITM 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
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