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ITM Power PLC Ord 5P (ITM)

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27-Jan-2020 07:59 AM

ITM Power losses widen as income falls 24% amid steeper drop in grants

Energy storage and clean fuel company ITM Power reported wider first-half losses as income dropped by nearly a quarter amid a steeper decline in grant income and ongoing problems in legacy products, including the Shell Refhyne project. For the six month
31-Oct-2019 08:53 AM

ITM Power's chairman Roger Putnam to retire

Energy storage company ITM Power said Roger Putnam had decided to retire from his role as chairman. He would be replaced by Sir Roger Bone, an existing non-executive director of the company. Roger Putnam would 'not stand for re-election at today&ap
03-Oct-2019 08:13 AM

ITM Power targets at least £52m fundraise, forms JV with Linde as annual losses widen

ITM Power unveiled plans to raise at least £52.0m gross and announced that it had formed a joint venture with Linde. The company also said annual losses widened as higher costs offset an uptick in revenue. Plans to raise at least £52.0m (be
30-May-2019 09:47 AM

ITM Power expects total income to rise by fifth amid ramp up of projects deliveries in H2

ITM Power, the energy storage and clean fuel company said it expected annual total income to rise by a fifth after the delivery of completed projects increased 'significantly' in the second half of the financial year. The delivery of completed
29-Oct-2018 08:02 AM

ITM Power sees revenues weighted toward second half

ITM Power, an energy storage and clean fuel company, said Monday it expected another year of 'significant' financial progress, with revenues expected to ramp up in the second half of the year. The company said the current financial year had sta
14-Jun-2018 09:15 AM

ITM Power warns of cash loss as 'one-off' factors will increase costs

Energy storage and clean fuel company ITM Power said Thursday it expected a cash loss for the year of £5.0m as costs would be higher than previously anticipated. The company also said its pipeline of orders is expected to generate full-year total
10-Apr-2018 08:24 AM

ITM to open three refuelling stations in Q2, secures contract with Met Police

ITM Power, the energy storage and clean fuel company, said Tuesday it signed a fuel contract with the Metropolitan Police to supply hydrogen to the Met Police's new fleet of Fuel Cell Electric Vehicles. ITM Power expects three Hydrogen Refuelling St
26-Mar-2018 10:10 AM

ITM Power receives £4.3m to support continued roll out of electric vehicles

ITM Power said Monday it will receive £4.3m from the Department for Transport to build four new hydrogen refuelling stations and to upgrade five existing hydrogen refuelling stations to increase capacity to support a larger fleet of hydrogen fuel ce
28-Dec-2017 07:25 AM

ITM Power sets up subsidiary in Oz

ITM Power, the energy storage and clean fuel company, has set up a wholly owned subsidiary in Australia to develop the market for the group's rapid response electrolyser technology. The group said Dr. Neil Thompson had been appointed managing direc
30-Nov-2017 09:21 AM

ITM Power deal pipeline up £5.9m in two months

ITM Power said its deal pipeline had increased by £5.9m in the past two months. The company said it maintains its focus on increasing commercial sales and currently has £20.2m of projects under contract and a further £22.4m of contrac
09-Nov-2017 09:32 AM

ITM Power in storage study with Northern Gas Networks

ITM Power has secured funding from the Department for Business, Energy and Industrial Strategy as part of the energy storage feasibility study competition launched in January to collaborate with Northern Gas Networks to undertake a study examining the pot
25-Oct-2017 07:42 AM

ITM Power founder to step down from board

ITM Power non-executive director and original founder Peter Hargreaves will step down from the board at the end of October. Hargreaves said: 'I am proud that I have been involved with ITM Power from the time I encouraged the founders to start the co
18-Oct-2017 01:16 PM

ITM shareholders approve fundraising plans

ITM Power has confirmed that all resolutions, in respect of the Firm Placing to raise approximately £25m and Open Offer to raise up to £4.4m, were passed by shareholders at today's General Meeting. At 1:16pm: (LON:ITM) ITM Power PLC s
01-Sep-2017 01:17 PM

ITM Power notes Shell's electrolyser announcement

ITM Power says it has noted 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. ITM Power CEO, Dr Graham Cooley,
01-Sep-2017 07:53 AM

ITM to provide fuel for France's first hydrogen bus route

Fuel for France's first hydrogen bus route will be produced on site by an ITM Power PEM electrolyser powered by local renewable electricity. The GNVERT - VAN HOOL consortium will deploy the first hydrogen bus route in France, in Pau. It will be o
25-Aug-2017 07:29 AM

ITM Power operating losses narrow

ITM Power's total revenue and grant funding rose by 13% to £9.2m in the year to the end of April. The group said revenues rose by 25% to £2.4m and grant income increased by 30% to £4.2m in the year to the end of April while grant
21-Aug-2017 07:36 AM

ITM welcomes new Hydrogen for Transport programme

ITM Power has welcomed the launch of the Government's 'Hydrogen for Transport Programme'. In March, the Government announced additional funding to support the development of hydrogen for transport until 2020. The Hydrogen for Transpor
17-Aug-2017 09:14 AM

ITM Power schedules FY results

ITM Power will publish its preliminary results for the year to 30 April on 25 August. At 9:14am: (LON:ITM) ITM Power PLC share price was +0.25p at 28.25p Story provided by StockMarketWire.com...
07-Aug-2017 08:03 AM

ITM Power launches large scale HRS

ITM Power will be launching a series of large scale refuelling station designs at Hydrogen + Fuel Cells North America, part of the SolarPower International Conference in Las Vegas. It said the large scale refuelling station designs were based around elec
05-Jun-2017 09:06 AM

ITM Power pipeline up £2.82m

ITM Power's total pipeline has increased by £2.82m since 18 April. The company said it currently had £23.02m of projects under contract and a further £4.16m in the final stages of negotiation constituting a total pipeline of £
18-Apr-2017 07:50 AM

ITM Power inks new deals

ITM Power's projects under contract have increased by £5.66m in the last 11 weeks. The company said it currently hads £22.64m of projects under contract and a further £1.72m of contracts in the final stages of negotiation constitut
27-Mar-2017 08:58 AM

ITM Power sells 0.5MW electrolyser

ITM Power has announced the sale of a 0.5MW electrolyser and some associated hydrogen energy equipment for £0.73m. The company said it currently had £18.31m of revenue under contract and £6.41m in the final stages of negotiation, makin
20-Mar-2017 07:34 AM

ITM welcomes funding for hydrogen vehicles

ITM Power has welcomed the UK Government's £23m funding for hydrogen vehicles and infrastructure. The company said it currently had £17.41m of revenue under contract and £7.04m in the final stages of negotiation, making a total pi
13-Mar-2017 07:48 AM

ITM Power gets go ahead for four sites

ITM Power has gained full planning permission for hydrogen refuelling stations at four sites. These comprise sites in Birmingham and Swindon and two sites in Sheffield. The group said additional sites have been identified in London and around the M25;
11-Jan-2017 07:49 AM

ITM Power clinches €0.7m sale

ITM Power, the energy storage and clean fuel company, has announced the sale of a €0.7 million electrolyser system to a global speciality gas company by competitive tender. Chief executive Dr Graham Cooley said: "We are delighted to have been s
 
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02-Apr-2020 04:50 PM

Broker Forecast - Bernstein issues a broker note on SSE PLC

Bernstein today reaffirms its outperform investment rating on SSE PLC (LON:SSE) and cut its price target to 1500p (from 1600p). Story provided by Sto ...

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