ITM Power plc (AIM: ITM) is pleased to announce the appointment of Investec Bank plc as nominated adviser and sole broker with immediate effect.
For further information, please visit www.itm-power.com or contact:
ITM Power plc: Graham Cooley, CEO +44 (0)114 244 5111
Investec Bank plc (Nominated Adviser and Broker): Jeremy Ellis / Chris Sim / Jonathan Wynn +44 (0)20 7597 5970
Tavistock Communications: Simon Hudson / James Collins +44 (0)20 7920 3150
About ITM Power plc:
ITM Power manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals.
ITM Power reached the 2020 EU price target of €1m/MW in 2016, and as a result contracted for 5.25MW of electrolysis in 2016, including a Power to Gas contract with National Grid. The Company operates out of manufacturing premises in Sheffield and has representatives and businesses in Germany, France, the US and supplies products globally.
The Company currently has £23.28m of projects under contract and a further £4.18m of contracts in the final stages of negotiation constituting a total pipeline of £27.46m.