• 1.5 MW Electrolyser Deployment in Scotland

    28th April 2016
    ITM Power is pleased to announce the award of a €5m EU grant for the BIG HIT (Building Innovative Green Hydrogen systems in an Isolated Territory) project funded by the Fuel Cells and Hydrogen Joint Undertaking (“FCH JU”). The FCH JU selected BIG HIT as the only hydrogen project in its Hydrogen Territories tender to receive funding. ITM Power is the electrolyser provider and will receive €2.27m over five years.
  • €2.75m Electrolyser System Cost Reduction Grant

    19th April 2016
    ITM Power is pleased to announce the award of a €2.75m grant for the HPEM2GAS project funded by the Fuel Cells and Hydrogen Joint Undertaking (FCH JU) under Horizon 2020. ITM Power will receive €915,650 over three years.
  • BOC and ITM Power Sign Hydrogen Refuelling and Siting Agreement

    8th April 2016
    BOC, the UK’s largest supplier of industrial gases, has announced that it has signed an agreement with ITM Power, the energy storage and clean fuel company, to provide infrastructure for ITM Power’s new electrolyser-based hydrogen refuelling stations for passenger cars.
  • ITM Power participation at the Hannover Messe 2016

    5th April 2016
    Later this month, ITM Power will be participating in the Hannover Messe industrial fair which will be officially opened by H.E. Barack Obama, President of the United States of America and Dr. Angela Merkel, Chancellor of the Federal Republic of Germany. This year the United States is Partner Country at the world’s most important trade fair for industrial technology, which runs 25 – 29 April in Hannover, Germany. ITM Power has been shortlisted as one of the five companies to win the HERMES AWARD. The award is one of the world’s most important prizes in the world of industry and is given in honour of a technologically innovative product making its debut at Hannover Messe. The winner will be announced on 24th April 2016 during the Opening Ceremony of the fair which will be officially opened by H.E. Barack Obama, President of the United States of America and Dr. Angela Merkel, Chancellor of the Federal Republic of Germany.
  • 1MW sale to ZEAG Energie AG

    31st March 2016
    ITM Power announce the sale of a 1MW electrolyser system with some additional equipment to ZEAG Energie AG (“ZEAG”) by competitive tender.
  • Trading and Operations Update

    3rd March 2016
    ITM Power announces an update on trading and operations. We now have £9.69m of projects under contract and a further £8.98m of contracts in the final stages of negotiation, constituting a total pipeline of £18.67m.
  • Completion of £5.8 million Fundraise, result of General Meeting and result of Open Offer

    16th February 2016
    ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that at the General Meeting held earlier today, all resolutions were duly passed and the placing and open offer that the Company announced on 29 January 2016 have successfully completed.
  • 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.