Less Ads, More Data, More Tools Register for FREE

Pin to quick picksItm Power Share News (ITM)

Share Price Information for Itm Power (ITM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 47.82
Bid: 47.94
Ask: 48.08
Change: -0.42 (-0.87%)
Spread: 0.14 (0.292%)
Open: 49.00
High: 49.62
Low: 47.82
Prev. Close: 48.24
ITM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Shell opens 10 MW hydrogen electrolyser at Wesseling site of German refinery

Fri, 02nd Jul 2021 14:00

FRANKFURT, July 2 (Reuters) - Royal Dutch Shell on
Friday launched Europe's biggest hydrogen electrolysis plant of
10 megawatts (MW) called Refhyne at the Wesseling site of its
Rheinland refinery after two years of construction, expanding
further into alternative energies.

The plant will produce green fuels within a European
Union-funded consortium which is already setting sights on a
facility of 100 MW at the site near Cologne to scale up its
commercial operations.

Hydrogen is considered "green" when it is produced from
renewable power from wind or solar through electrolysis whereas
"grey" hydrogen from fossil fuels is a feedstock in many
standard industry processes today.

Hydrogen has a high energy content by mass, but conversion
losses from electrolysis and high costs involved in readying it
for delivery pose challenges.

Under the EU Green Deal's climate targets, green quality
hydrogen is expected to play a role in energy, but also in
mobility, heat provision, and hard-to-decarbonise industries
such as steel or cement.

Shell also aims to produce sustainable aviation fuel from
renewable electricity and biomass at Wesseling as well as
developing a plant for liquefied renewable natural gas
(bio-LNG).

"Shell wants to become a leading supplier of green hydrogen
for industrial and transport customers in Germany," said Huibert
Vigeveno, Downstream Director at Shell.

The polymer electrolyte membrane (PEM) electrolyser will use
renewable power to produce up to 1,300 tonnes a year of green
hydrogen, initially to be used to produce fuels with lower
carbon intensity and later to decarbonise other industries.

The plant has cost around 20 million euros ($23.72 million)
of which half came from EU funds.

The consortium is made up of, apart from Shell, the
electrolyser producer ITM Power, research organisation
SINTEF and consultants Sphera and Element Energy.

"With the commissioning of the largest PEM electrolysis
plant in Europe, we are further expanding our leading role in
this field," said North Rhine Westphalia's state premier Armin
Laschet, referring to his region.

The industrial state accounts for 30% of Germany's grey
hydrogen usage.
($1 = 0.8431 euros)
(Reporting by Vera Eckert, editing by David Evans)

More News
23 Jan 2024 09:21

LONDON BROKER RATINGS: HSBC cuts Compass; Berenberg lowers Victrex

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

Read more
15 Jan 2024 09:11

LONDON BROKER RATINGS: Exane BNP cuts HSBC; Peel Hunt raises Hammerson

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
15 Jan 2024 07:33

LONDON BRIEFING: Crest Nicholson cuts outlook; PageGroup profit falls

(Alliance News) - Stocks in London are called to open slightly higher, following data showing that the average price of a UK home jumped in January.

Read more
12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

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

Read more
11 Dec 2023 13:17

ITM Power inks capacity deal with Shell Deutschland

(Sharecast News) - ITM Power has finalised a capacity reservation agreement with Shell Deutschland, it announced on Monday.

Read more
6 Dec 2023 09:19

LONDON BROKER RATINGS: RBC likes 3i; JPMorgan raises Ocado

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

Read more
5 Dec 2023 10:02

LONDON BROKER RATINGS: Goldman lifts Landsec and British Land

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

Read more
4 Dec 2023 10:18

ITM Power shares rise as backs annual guidance, hails progress

(Alliance News) - ITM Power PLC on Monday backed annual guidance, citing progress of its 12-month plan aimed at providing the company with a sound foundation to build on.

Read more
4 Dec 2023 08:39

ITM Power reaffirms guidance after strong first half

(Sharecast News) - ITM Power said in an update on Monday that from 1 April to the end of October, it achieved revenue of £7.5m, making for a promising trajectory towards its full-year guidance range of £10m to £18m.

Read more
4 Dec 2023 07:38

LONDON BRIEFING: Wizz Air and Ryanair report November traffic growth

(Alliance News) - London's FTSE 100 is called to open lower on Monday, while Asian equities made an underwhelming start to the week, as investors eagerly anticipate Friday's US nonfarm payrolls data.

Read more
8 Nov 2023 13:00

Berenberg lowers target price on ITM Power

(Sharecast News) - Analysts at Berenberg lowered their target price on energy storage and clean fuel company ITM Power from 90.0p to 80.0p on Wednesday, stating it now anticipates seeing slower than previously expected production ramp-up.

Read more
8 Nov 2023 10:50

CORRECT: ITM launches efficiency improving Hybrid Stack

(Clarification on Hybrid Stack)

Read more
8 Nov 2023 10:20

ITM Power unveils new 'Hybrid Stack' technology

(Sharecast News) - ITM Power took the wraps off its latest innovation on Wednesday, the 'Hybrid Stack', designed to provide existing customers who operate earlier MegaWatt Electrolyser Platform (MEP) generation products with an efficiency boost of around 10%.

Read more
8 Nov 2023 10:03

IN BRIEF: ITM launches efficiency improving 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. A hybrid stack is a mix on on-location and cloud-based solutions used to support a firm's operations. It also reduces electrolyser operating costs. 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."

Read more
8 Nov 2023 09:30

LONDON BROKER RATINGS: UBS downbeat on AJ Bell and Hargreaves Lansdown

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

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.