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Itm Power ShareCast News (ITM)
ShareCast News for Itm Power (ITM)
| Share Price: 42.00 | Bid: 40.50 | Ask: 42.00 | Change: 0.00 (0.00%) |  | ||||||
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ITM Power awarded grant
Thu, 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 increase by a factor of five over the next decade and this will dramatically increase the unpredictability of supply," the firm said. "Coupled with existing curtailment traffic and distribution network bottlenecks, this presents a significant technical and financial challenge."
"ITM Power's technology is ready at the 1MW level and we are very excited about energy storage using the injection of hydrogen directly into the gas grid. Managing renewables is about harvesting and utilising the maximum amount of energy possible. Generating green hydrogen and injecting it directly into the gas main grid is an excellent way of solving the renewable intermittency quandary."
The share price rose 1.49% to 68.25p by 14:46.
NR
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 increase by a factor of five over the next decade and this will dramatically increase the unpredictability of supply," the firm said. "Coupled with existing curtailment traffic and distribution network bottlenecks, this presents a significant technical and financial challenge."
"ITM Power's technology is ready at the 1MW level and we are very excited about energy storage using the injection of hydrogen directly into the gas grid. Managing renewables is about harvesting and utilising the maximum amount of energy possible. Generating green hydrogen and injecting it directly into the gas main grid is an excellent way of solving the renewable intermittency quandary."
The share price rose 1.49% to 68.25p by 14:46.
NR
ITM Power achieves first sale in Russia
ITM Power said on Tuesday it made its first sale in Russia to an undisclosed company.[12 Mar '13]
ITM Power updates on patent portfolio
ITM Power, the clean fuel specialist, said its intellectual property portfolio portfolio had continued to grow in strength and in depth.[3 Jan '13]
ITM shakes hands over renewable power deal
ITM Power, an energy storage and clean fuel company, has teamed up with GMI Renewable Energy on a renewable power project.[3 Aug '12]
ITM gets power play on Isle of Wight
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.[18 Jul '12]
ITM Power does deal with EADS
Shares in ITM Power, the energy storage and clean fuel company, jumped on Monday after it announced a deal with Airbus' parent company, EADS.[25 Jun '12]
ITM appoints new Director of Engineering
ITM Power, the energy storage and clean fuel company, has appointed Dr Charles Johnstone as its Director of Engineering.[15 Jun '12]
Small caps round-up: Games Workshop, Record, ITM ...
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.[20 Apr '12]
ITM Power awarded grant
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.[12 Apr '12]
