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127.30 -4.90 (-3.71%)

Bid:

126.20

Ask:

127.00

Spread: 0.80 (0.634%)

Market Cap: £878.63m

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CORRECT: ITM launches efficiency improving Hybrid Stack

Wed, 08th Nov 2023 10:50

(Clarification on Hybrid Stack)

ITM Power PLC - Sheffield, England-based maker of electrolysers to produce green hydrogen - Launches Hybrid Stack to provide customers opportunity to benefit from an approximate 10% efficiency improvement. The hybrid stack retrofits ITM's new stack technology into older units so that clients get the benefit of newer technology. It also reduces electrolyser operating costs. ITM says: "The Hybrid Stack makes available advancements incorporated into our latest Trident stack platform, to earlier MEP generation electrolysers. In this way, operators of ITM electrolyser systems maintain access to our technology improvements as they become available."

Current stock price: 63.14 pence, down 1.3% on Wednesday

12-month change: down 32%

By Sabrina Penty, Alliance News reporter

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