ITM Power announce an update on trading and operations covering the period since the £5.7m Working Capital Fundraise and Interim Results announcement on 26 January 2017. The Company currently has £22.64m of projects under contract and a further £1.72m of contracts in the final stages of negotiation constituting a total pipeline of £24.36m.
ITM Power has signed a contract for the deployment of 3MW of electrolysis in the UK with some associated hydrogen energy equipment. Further details will be made available, including the location and application, when possible. The Company currently has GBP21.79m of revenue under contract and GBP2.86m in the final stages of negotiation, making a total pipeline of GBP24.64m.