Okay this is not something that can be explained easily in a few sentences.
Read this for an explanation of how fuels cells work:
Read this for what ITM Power are working on
The last RNS
So what does all this mean? Replacement energy source?
"The Company has the ability to produce low cost fuel cells that meet the energy
demands of a wide range of industries and specialist technologies including
military, automotive and stationary fuel cell markets as well as the capacity
to produce household items such as laptops, mobile phones and domestic
appliances."
ITM share price has been rising since the company revealed in the latest RNS's that:
1) Longivity testing was successful; it worked
2) We have made the fuel cell easier to manufacturer in all the markets where it benefits
So what are we all waiting for? I am thinking of maybe a massive USA Military contract for starters or there might be something form Nokia et all