29th September 2017
ITM Power announce intention to raise £25 million (before expenses) through a placing of 62,500,000 New Ordinary Shares of 5 pence each in the capital of the Company (the Firm Placed Shares), with certain existing and new institutional investors (the Firm Placing). In addition the Company intends to raise up to c.£4.4 million through an open offer (the Open Offer) of 10,896,225 New Ordinary Shares (the Open Offer Shares). The fundraising is principally to provide working capital to support the delivery of the contract backlog and opportunity pipeline.
19th September 2017
ITM Power announce that EnergyStock, a subsidiary of Gasunie, the Dutch gas transmission network operator, has purchased an ITM Power 1.1MW rapid-response PEM electrolyser. The sale was won in a competitive tender process and includes an after-sales support contract. The electrolyser will be located at EnergyStock’s Zuidwending salt cavern storage facility in northern Netherlands, and the generated hydrogen will be either used on-site within EnergyStock’s systems, or dispensed into tube trailers for supply to future hydrogen refuelling stations
13th September 2017
EMEC has generated green hydrogen gas demonstrating potential for a clean replacement for polluting fuels
The European Marine Energy Centre (EMEC) has produced hydrogen gas from an ITM Power electrolyser using electricity generated from tidal energy in Orkney.
This is the first time that hydrogen has been created from tidal energy anywhere in the world.
1st September 2017
ITM Power is pleased to note the announcement today from Shell concerning a joint project to install a 10MW electrolyser to produce hydrogen at the Wesseling refinery site within the Rheinland Refinery Complex in Germany.
1st September 2017
ITM Power join the GNVERT – VAN HOOL consortium to supply hydrogen for the first hydrogen bus route in Pau, France.