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Pin to quick picksItm Power Share News (ITM)

Share Price Information for Itm Power (ITM)

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IN BRIEF: ITM Power wins hydrogen energy contract from UK government

Thu, 19th May 2022 14:38

ITM Power PLC - South Yorkshire-based energy storage and clean fuel firm - Wins GBP9.3 million contract from the UK government's Department for Business, Energy and Industrial Strategy, or BEIS. The contract is part of the government's "net zero innovation portfolio low carbon hydrogen supply 2 competition," ITM Power explains. It speeds up commercial deployment & manufacture of the firm's 5 megawatt Gigastack platform. Its development started in 2019 and is 2.5 times larger than ITM's previous stack platform. Further construction on the Gigafactory "commences later this year", ITM says.

"Awards under competitions like this will ensure that the UK remains a world leader in energy transition technology and manufacture, creating jobs, new supply chains and valuable high-tech exports," comments Chief Executive Officer Graham Cooley in a press release. Referring to ITM, BEIS Energy Minister Greg Hands adds: "The government support which they have received today will help to boost the development of hydrogen as the clean, affordable, homegrown superfuel of the future."

Current stock price: 295.80 pence, down 1.2% on Thursday

12-month change: down 11%

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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25 Jul 2023 08:32

ITM Power postpones full-year results, reiterates guidance

(Sharecast News) - ITM Power postponed the release of its full-year audited results at the request of its auditor.

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17 Jul 2023 15:38

ITM Power wins contract in Germany

(Sharecast News) - ITM Power announced the award of a contract for the procurement of long lead-time materials and components for a particular project, it announced on Monday.

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17 Jul 2023 11:24

IN BRIEF: ITM Power wins 100MW contract with German customer

ITM Power PLC - Sheffield, England-based designer and manufacturer of electrolysers for green hydrogen production - Awarded contract with unnamed customer to procure long lead-time materials and components required to manufacture ITM's MEP30 skids for a 100 megawatt project in Germany. The customer, which ITM does not name, intends to make its final investment decision this year.

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13 Jul 2023 09:18

LONDON BROKER RATINGS: HSBC raises Watches of Switzerland to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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10 Jul 2023 13:05

ITM Power launching new Germany hub

(Sharecast News) - Electrolyser specialist ITM Power is expanding its presence in Germany, it announced on Monday, with the establishment of ITM Power Germany.

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10 Jul 2023 08:34

ITM Power to launch Germany expansion in October with new facilities

(Alliance News) - ITM Power PLC said on Monday that it was expanding in Germany this October, opening new facilities with office space for more than 50 employees.

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7 Jul 2023 07:43

LONDON BRIEFING: Coca-Cola HBC raises guidance; House prices fall

(Alliance News) - Stock prices in London are expected to open flat on Friday, as investors look ahead to a US jobs print at the end of a rather bruising week for global equities.

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3 Jul 2023 15:42

ITM Power inks strategic partnership with Mott Corporation

(Sharecast News) - Electrolyser technology specialist ITM Power announced a strategic partnership with Mott Corporation on Monday.

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3 Jul 2023 09:38

IN BRIEF: ITM Power works with Mott to advance porous transport layers

ITM Power PLC - Sheffield, England-based designer and manufacturer of electrolysers based on proton exchange membrane technology to produce green hydrogen - Partners with Mott Corp to secure ITM's market leadership in electrolyser stack technology. Says ITM and Mott are collaborating to further advance porous transport layers. This is a key component of proton exchange membrane electrolysis. Mott is a precision filtration company based in Connecticut.

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30 Jun 2023 14:18

ITM Power gets UKCA marking for electrolyser stack

(Sharecast News) - ITM Power announced on Friday that its MEP30 electrolyser stack has achieved UKCA marking.

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30 Jun 2023 10:21

ITM Power receives UKCA accreditation for electrolyser product design

(Alliance News) - ITM Power on Friday said its MEP30 electrolyser stack has been both marked and received accreditation from the UK Conformity Assessed.

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12 Jun 2023 15:45

Thyssenkrupp pulls trigger on long-awaited IPO of hydrogen division Nucera

Nucera targets primary proceeds of up to 600 mln euros

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9 Jun 2023 15:23

Thyssenkrupp's Nucera to launch IPO as early as next week -sources

LONDON/FRANKFURT, June 9 (Reuters) - Thyssenkrupp is poised to launch the long-awaited listing of its hydrogen division Nucera as soon as next week, according to several people familiar with the matter, in what could be a boost to Europe's sluggish capital markets.

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9 Jun 2023 14:50

Thyssenkrupp's Nucera to launch IPO as early as next week -sources

LONDON/FRANKFURT, June 9 (Reuters) - Thyssenkrupp is poised to launch the long-awaited listing of its hydrogen division Nucera as soon as next week, according to several people familiar with the matter, in what could be a boost to Europe's sluggish capital markets.

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1 Jun 2023 10:14

ITM Power FY revenue seen ahead of guidance, EBITDA loss within range

(Sharecast News) - ITM Power said on Thursday that it expects full-year revenue to be ahead of guidance, while the adjusted EBITDA loss will be within the guidance range.

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