Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE
Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally
Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globallyView Video

Latest Share Chat

ITM Power sells electrolyser to Linde for Austrian H2Pioneer project

Mon, 19th Apr 2021 11:16

(Alliance News) - ITM Power PLC on Monday announced it has sold an HGas3SP 2 megawatts electrolyser and supporting equipment to Guildford, England-based chemicals company Linde PLC.

The Sheffield-based hydrogen energy solutions provider said the electrolyser is for the H2Pioneer project in Austria. It did not state how much it sold the electrolyser for.

ITM Power said the electrolyser system will produce green hydrogen, while Linde further purifies it to become "ultra-pure", which can then be used in semiconductor production and manufacturing.

"We are delighted to announce this project, our first in Austria and our first for the semiconductor industry. We will work very closely with our key partner Linde and it is pleasing that this first sale to Austria also takes us into a new industry," said ITM Power Chief Executive Graham Cooley.

Last Monday, ITM Power submitted a planning application for a 20 megawatt electrolyser at the Whitelee wind farm near Glasgow, the UK's largest onshore wind farm.

Shares in ITM Power were up 1.5% at 502.50 pence in London on Monday.

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Related Shares

More News
7 Jun 2024 09:45

LONDON BROKER RATINGS: Bryan Garnier raises ITM Power to 'neutral'

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

6 Jun 2024 11:00

ITM Power to outperform guidance with revenue expected to triple

(Alliance News) - ITM Power PLC on Thursday said the company expects to report improved financial results in its upcoming full-year earnings report.

6 Jun 2024 08:59

ITM Power FY losses better-than-expected

(Sharecast News) - Energy storage and clean fuel company ITM Power said on Thursday that full-year underlying losses were better than initially expect...

26 Apr 2024 10:45

ITM Power strikes deal with Hygen for PME electrolyser supply

(Alliance News) - ITM Power PLC on Friday said it has been named Hygen Energy Ltd's, preferred supplier for proton exchange membrane electrolysers, un...

18 Apr 2024 14:23

Pineapple Power names executives for Ilios Hydrogen Canada acquisition

(Alliance News) - Pineapple Power Corp PLC said on Thursday it had reached agreements regarding provisional executive roles for its Ilios Hydrogen Can...

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.