January 2016
  • Placing to raise £2.14 million (“the Placing”) and Shareholder Open Offer to raise up to approximately £3.74 million (the “Open Offer”)

    29th January 2016
    ITM Power is pleased to announce that the Company has raised £2.14 million before expenses, by way of a firm placing with institutional investors for 14,283,722 new ordinary shares at an issue price of 15 pence per share (“the Issue Price”). In addition, the Company will offer up to 24,934,135 new ordinary shares (the “Offer Shares”) for qualifying shareholders at the Issue Price potentially raising up to a further £3.74 million before expenses (the “Open Offer”). In each case these capital raisings are subject to shareholder approval.
  • Half Year Results for the Period ended 31 October 2015

    29th January 2016
    ITM Power announces its interim results for the six month period ended 31 October 2015. The company has recognised a total revenue and grant funding of £3.45m in the period. The company currently has £9.01m of projects under contract and a further £8.66m of contracts in final stages of negotiation, making a total pipeline of £17.67m (2014; £11.37), an increase of 55%.
  • CEME and ITM Power to develop a hydrogen hub in East London

    19th January 2016
    ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that following planning approval for a Solar Hydrogen Refuelling Station (SHRS) at The Centre for Engineering and Manufacturing Excellence (CEME), it has signed a memorandum of understanding with CEME.