"Buy on the sound of cannon..." So said Nathan Rothschild , financier of the Napoleonic Wars. One third of Germany's gas comes from Russia. Donner und blitzen !!...if only there was someone who could supply them with a safe alternative...Is it time to hang on to your hats ?
26 Feb '14
Business News today
YORKSHIRE energy storage and clean fuel company ITM Power said it is looking to capitalise on a growing pipeline of opportunities in the power-to-gas and hydrogen fuelling markets following a successful £10m fundraising. Zeus Capital closed the successful secondary fundraise for the AIM listed Sheffield-based clean-tech flagship. The proceeds will be used as growth capital to accelerate the roll-out of ITM's fully commercialised, rapid-response, electrolysis technology targeting global growth markets including power-to-gas infrastructure for the large scale storage of intermittent renewable energy and hydrogen fuelling infrastructure for hydrogen fuelled mass transportation. Dr Tom McColm, Zeus Capital research director and sector specialist, said: "This is an exciting time for ITM. The company is at an inflection point and has fully commercialised market-ready technology. This capital injection will provide the runway and balance sheet strength to accelerate roll-out, embedding ITM's world-class rapid response electrolysis technology into two very exciting growth markets at this key early stage of infrastructure development. The deal also raises Zeus Capital's profile in a sector where we are very active." Dr Graham Cooley, ITM chief executive, added: "This equity finance will help fund the company's ability to address its rapidly growing pipeline of opportunities in both the power-to-gas and hydrogen fuelling markets, further establishing ITM's electrolyser technology. Zeus Capital were excellent on all aspects of the fundraising process, including bringing in some new institutional investors who we are delighted to welcome onto our register."
21 Feb '14
Hard to believe that RNS should include details like, we sold something and it works like we had proved it would. Still at least they made an announcement. Now let's have another
20 Feb '14
some action today, but it will take something to pull it off 30p when the rest of the market has hit the ceiling
20 Feb '14
A chance to buy at sub 30 for those that wanted the opportunity.
19 Feb '14
Thanks for the update bilboburgler, lets hope the board deliver,
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