News
Half Year Results for the Period ended 31 October 2018
30 October 2021
News
30 October 2021
ITM Power (AIM: ITM), the energy storage and clean fuel company, announces half year results for the six month period ended 31 October 2018. Comparable figures, where stated, refer to the corresponding period in 2017 unless otherwise indicated.
ITM Power (AIM: ITM), the energy storage and clean fuel company, announces half year results for the six month period ended 31 October 2018. Comparable figures, where stated, refer to the corresponding period in 2017 unless otherwise indicated.
Commercial Progress:
Financial:
Operational Developments:
Graham Cooley, CEO, commented: “The six months under review have been a major transition for the company having expanded the skill base and delivered many MW scale industrial deployments. The company is highly regarded internationally and solid progress is being made on all fronts.”
Roger Putnam, Chairman, added: “The Board is pleased with the significant progress that has been achieved over the last six months. Deploying increasing numbers of MW scale equipment in challenging industrial environments has certainly proved the company’s credentials to many industrial partners and we look forward to a very busy second half.”
For further information please visit www.itm-power.com or contact:
ITM Power plc
+44 (0)114 244 5111
Graham Cooley, CEO
Investec Bank plc (Nominated Adviser and Broker)
+44 (0)20 7597 5970
Jeremy Ellis / Chris Sim / Alexander Ruffman
Tavistock
+44 (0)20 7920 3150
Simon Hudson / James Collins
About ITM Power plc:
ITM Power manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of green hydrogen for transport, renewable heat and chemicals. ITM Power was admitted to the AIM market of the London Stock Exchange in 2004. In September 2017 the Company announced the completion of a GBP29.4m working capital fundraise. The Company signed a forecourt siting agreement with Shell for hydrogen refuelling stations in September 2015 and subsequently a deal to deploy a 10MW electrolyser at Shell’s Rhineland refinery. The company entered into a Strategic Partnership Agreement with Sumitomo Corporation in July 2018 for the development of multi-megawatt projects in Japan. Additional customers and partners include National Grid, Cadent, Northern Gas Networks, RWE, Engie, BOC Linde, Toyota, Honda, Hyundai, Anglo American among others.