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AMFW Amec Foster Wheeler

546.50
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Amec Foster Wheeler LSE:AMFW London Ordinary Share GB0000282623 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 546.50 545.00 546.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

ITM Power Inks Contract with AMEC and National Grid

24/01/2014 8:40am

Dow Jones News


Amec Foster Wheeler (LSE:AMFW)
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LONDON--ITM Power PLC (ITM.LN), an energy storage and clean fuel company, Friday announced that it has secured a commercial contract from AMEC PLC (AMEC.LN) and National Grid PLC (NG.LN) to assess the deployment of Power-to-Gas Energy Storage technology to reduce the energy losses in the gas network.

MAIN FACTS:

-No financial details have been disclosed

-Project will look at the cost and energy benefit of deploying Power-to-Gas technology at specific sites on the gas network to reduce energy losses and increase system efficiency

-ITM shares at 0806 GMT up 18% at 45.0 pence valuing the company at GBP49 million.

Write to Jana Weigand at jana.weigand@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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