LONDON, April 3, 2017 /PRNewswire/ --
ITM Power plc
("ITM Power" or the "Company")
ITM Power, the energy storage and clean fuel company is pleased
to announce it has signed a £3.50m contract for the deployment of
3MW of electrolysis in the UK with some associated hydrogen energy
equipment. Further details will be made available, including
the location and application, when possible. The Company currently
has £21.79m of revenue under contract and £2.86m in the final
stages of negotiation, making a total pipeline of £24.65m.
(Photo:
http://mma.prnewswire.com/media/485519/Electrolyser.jpg )
About ITM Power plc
ITM Power manufactures integrated hydrogen energy solutions
which are rapid response and high pressure that meet the
requirements for grid balancing and energy storage services, and
for the production of clean fuel for transport, renewable heat and
chemicals. ITM Power plc was admitted to the AIM market of
the London Stock Exchange in 2004 and is a founder member of the
Social Stock Exchange. The company received £4.85m as a strategic
investment from JCB in March 2015;
signed a forecourt siting agreement with Shell in September 2015 and a fuel agreement with Toyota
in October 2015. The Company
currently has £21.79m of revenue under contract and £2.86m in the
final stages of negotiation, making a total pipeline of £24.65m
(subject to exchange rate variation).
http://www.itm-power.com
For further information please visit http://www.itm-power.com or
contact:
ITM Power plc
Graham Cooley, CEO
+44-(0)114-244-5111
Tavistock Communications
Simon Hudson / James Collins
+44-(0)20-7920-3150
SOURCE ITM Power Plc