This must be the share of the future...........A co with 15 employees mostly Boffins with a unique product under development that has massive potential in the alternative energy sector
My only regret is that I watched the sp rocket from 11op to 210p before getting into the nose cone

In auction.

HFuel Cost Structure

Key HFuel information:

The HFuel product is modular in size from 5kg/day to 100kg/day unit size, which can be stacked together.

The HOST experience has shown an electricity cost of 6.5p/kWh provides the same cost per mile as diesel in an internal combustion engine vehicle, based on input electricity costs. Moving to a fuel cell platform would improve the economics very significantly.

The European cost target for hydrogen generation starts at 16.60/kg in 2010, reducing to 9.90/kg in 2015 and 5.50/kg in 2025.

A 100kg/day HFuel generation system with a 5 year amortisation and 4p/kWh electricity price produces hydrogen at a cost of 8.31/kg, which is lower than the European target for 2015.

After the 5 year amortization period, the hydrogen cost from the same system is 2.40/kg, which is lower than the European target for 2025.

German Market Update.

ITM Power (AIM: ITM), the energy storage and clean fuel company, notes the following with respect to developments in Germany.

At the National Innovation Programme (NIP) AGM held in Berlin last week, the organisation charged with managing the federal Government's 700m contribution to its total budget of 1.4bn, the National Organisation for Hydrogen and Fuel Cell Technologies (NOW), noted, that so far, it has issued subsidies of approximately 393m to support the development of the technology. Some 216m, or 55% of the total, has been spent on transport, which includes hydrogen production and infrastructure. Indeed, in its latest review, released last week, the NOW has increased the profile of 'Hydrogen Production and Delivery' to an independent category. This follows the launch in May of this year of a separate and additional Federal funding initiative of 200m exclusively for energy storage, which in turn followed the Government's decision to abandon nuclear power. This decision has promoted green hydrogen to the top of the agenda, as a necessary adjunct to the expanding renewable share of electricity generation.

In its German press release (http://www.now-gmbh.de/de/presse/2011/nip-vollversammlung.html) issued on 7 November, the NIP commented "Climate policy goals can only be achieved if efficient drive systems and emission-free fuel is deployed in the transport sector, and highly energy efficient equipment is used in the stationary sector. In order to generate major cost and efficiency savings, current mobility and energy-supply solutions will in future be supplemented with products based on hydrogen and fuel cell technology."

Dr. Klaus Bonhoff, NOW's MD noted that: "Hydrogen and fuel cell technologies are gaining momentum. This is due not least to the central role attributed to storing energy generated from renewable sources in the form of hydrogen. In the future, hydrogen will be one of a number of emission-free transport fuels, given the fact that the step by step reconstruction of the transport sector has already begun. Fuel cells will not only be used in combination with hydrogen in the transport sector, but in the coming years, together with natural gas, fuel cells will also provide a highly efficient solution for the stationary sector. Even, in niche markets such as the protection of critical infrastructure, for example, in telecommunications, fuel cells as off-grid systems are becoming ever more attractive."

It is worth noting that the Federal subsidies mentioned above, totaling some 900m, which will be matched by industry, do not include the substantial financial support offered at the state level, not only in halting the deindustrialisation of the former East German states, but also in industrialised states of the former West Germany in an attempt to ensure they have a role to play in the emerging German and European renewable economy.

Phil Doran, Managing Director of ITM Power GmbH commented: "While Germany has more than proved its metal in the field of clean technology developments, which has earned it global recognition, the decision to abandon nuclear power has given added impetus to the renewable cause in general and green hydrogen and fuel cells in particular. It is difficult to convey the seriousness with which Germany is pursuing its goals, in the full knowledge that it is creating a set of industries which will ensure its manufacturing status and export capacity is maintained well into the 21st century".

ITM Power handed top environmental accolade

TM Power has won the EEF North East Region Climate Change Opportunity Award, sponsored by ENER-G.

The Sheffield-based business specialises in clean fuel hydrogen generation and energy storage and won the award after developing a transportable hydrogen refuelling unit called HFuel which can be used as a zero carbon fuel for modified internal combustion engines and fuel cell vehicles.

The companys Hydrogen On Site Trials (HOST) programme resulted in 22 companies including Stansted Airport, Sheffield CC, Carillion plc, and Tarmac signing up to demonstrate the benefits of HFuel. The company now receives enquiries from around the world.

So when is all the good news going to turn into huge profits and massive shareholder returns??!!

Participation in UKH2Mobility Initiative

RNS Number : 8849V

Itm Power PLC

20 January 2012

20 January 2012

ITM Power plc

("ITM Power")

Pilot Agreement with Marks and Spencer Group plc ("M&S")

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has signed a pilot agreement with M&S (LSE: MKS) to deliver the UK's first hydrogen fuel cell, materials handling equipment trial using on site hydrogen generation.

Using the ITM Power HFuel platform to generate hydrogen, the six week trial involves M&S using several fuel cell vehicles as a direct substitute for part of the existing battery powered fleet. The vehicles will be deployed at M&S's 1.1million sq. ft. Prologis Park Distribution Centre.

The trial forms part of the M&S Plan A initiative and aims to deliver zero emission vehicles with superior performance and a two minute refuel time. The trial is the first of its kind in the UK and demonstrates the cutting edge vision of M&S and ITM Power.

The global materials handling market, valued at US$20 billion, is seen as a key early adoption market for hydrogen with fuel cells already being able to offer superior performance to battery powered systems.

Graham Cooley, CEO of ITM Power commented:"The involvement of companies such as M&S is essential to developing commercially viable hydrogen solutions for the materials handling industry. We are extremely pleased to be conducting this trial with M&S who continue to lead the way for sustainable technology deployment."

Darrell Stein, Director of IT and Logistics for M&S commented:"We are excited to be trialing this solution with a company like ITM Power, and with a technology which has the potential to drive significant carbon reductions from our warehouse operations. If we're to achieve our ambitious goal of becoming the world's most sustainable major retailer then we must continue to innovate and push the boundaries in every part of our business".

Half-Year Results.

HIGHLIGHTS:

Operational

● Achievement of CE marking for HFuel product platform and HPac40
● Sale of HOST trial to Carillion plc
● HFuel cost structure announced showing competitiveness with all other sources of hydrogen and lower than EU targets for 2015
● HOST demonstrated that HFuel can be operated on-site and achieve 'parity with petrol' in the UK
● Current product order book stands at £0.54m
● Participation in EcoIsland project with IBM, Toshiba, Cable & Wireless, SSE, Southern Water
● Nine patents granted and an additional seven patent applications filed
● Dutch Fuel Cell Consortium MoU signed for the Benelux countries
● Achievement of 2.1W/cm2 from ITM membrane materials in H2/Air fuel cells
● Early results from OEM fuel cell evaluations have been encouraging
● Participation in UK H2Mobility with the UK government, Daimler, GM, Hyundai-Kia, Nissan, Tata Motors, Toyota, Air Liquide, Air Products, BOC/Linde, SSE, Intelligent Energy, Johnson Matthey
● Pilot agreement with M&S to deliver the UK's first hydrogen fuel cell, materials handling trial using on site hydrogen generation on a commercial basis

Financials and Corporate

● Grant funding of £269,000 recognised in the period (2010: £335,000)
● New grant project awards of £942,000 (2010: £453,000)
● First major EU grant of £460,000 awarded for SafeFlame, a further £1.5m in negotiation
● Pre-tax loss for the period of £3.5m (2010: £3.1m) and net cash burn of £3.2m (2010 £2.2m)
● Cash and short-term deposits at 31 October 2011 £9.0m (30 April 2011: £12.2m)

Outlook

● Outlook positive with early revenue streams developing
● Adoption of hydrogen in many applications accelerating
● "HFuel Here" to be launched in May 2012 at All-Energy conference in Aberdeen
● Grant funded project consortia are developing productive relationships

Prof Roger Putnam, Chairman of ITM Power commented:
"The UK H2Mobility initiative represents a very significant step forward for the UK in the adoption of hydrogen for transport. This, coupled with the EcoIsland project, places ITM Power at the heart of the emergence of this exciting new fuel industry.

"Building relationships has been a major focus for ITM Power over the last six months and the achievement of our first major EU grant is a sign of relationship development that will, we hope, result in significant commercial traction in 2012."

RNS Number : 8232W

Itm Power PLC

06 February 2012

6 February 2012

ITM Power plc

("ITM Power" or the "Company")

Megawatt (MW) Scale Energy Storage Plant

ITM Power (AIM: ITM),the energy storage and clean fuel company, is pleased to announce that it will be launching its new high pressure and high volume stack designs that form the basis of its Megawatt Scale energy storage plant at the Hannover Messe on 23-27th April and All-Energy in Aberdeen on 23-24th May .

The hydrogen production plant is packaged in a single 20ft standard ISO container and is a 1MW load that can be demand side managed by power companies with a response time of one second for both turn on and turn off. The hydrogen produced can be used for both vehicle refuelling and direct injection of hydrogen into the gas grid. Injecting hydrogen into the gas grid is a simple and pragmatic form of energy storage that also de-carbonises the gas grid.

The new electrolyser stack is self-pressurising to 80bar which means it can be used to inject hydrogen directly into the high or low pressure gas grid without the need for additional compression plant. If the hydrogen production unit is used for vehicle refuelling, the amount of energy required for compression is reduced. If 350bar refuelling is being used then the high pressure electrolysis removes the need for one stage of mechanical compression which reduces cost.

The 1MW container produces approximately 400kg/day of hydrogen if run continuously. The design is a modular system which can be used to build larger energy storage facilities. ITM Power now has a portfolio of modular refuelling products in the range from 5kg/day to 400kg/day.

Commenting for ITM Power Dr Graham Cooley said "Megawatt scale energy storage is now a vital plant component in the power industry to balance supply and demand and this product is ITM's first offering to the sector. In most countries in Europe and indeed the rest of the world the penetration of intermittent renewable power has reached the level where constraint payments are now standard and wind curtailment is in daily operation. The need for Megawatt scale energy storage is here today and hydrogen via electrolysis is easily deployed at this scale."

Trying 50p again.

Equipment Development and Lease Agreement with Boeing

ITM Power (AIM:ITM), the energy storage and clean fuel company, announces that it has signed an Equipment Development and Lease Agreement with Boeing Research & Technology Europe S.L.U. ("Boeing") for the development, assembly and field trials of a 1Nm3/hr (2.1kg/day) PEM electrolyser. The containerised electrolysis equipment will form part of Boeing's current off-grid refuelling station for Unmanned Aircraft Systems ("UAS").

During the last few years the Unmanned Aircraft Systems (UAS) industry/sector has seen sustained growth, mainly through the development and maturing of military applications and followed by wide recognition of their possibilities in civilian applications which include: border control, coastguard, law enforcement, pipeline and powerline monitoring, earth and environmental observations, communications and many more. These systems can potentially offer lower cost and investment risk as well as low infrastructure requirements for tactical intelligence, surveillance and reconnaissance (ISAR).

ITM Power CEO, Dr. Graham Cooley, commented:"ITM Power has had a dialogue with Boeing Research & Technology -Europe for several years and actually completed some of the early ground work that led to the inception of the off-grid solar-based refuelling station for UAS that Boeing Research & Technology Europe is developing in Spain. I am delighted that Boeing Research & Technology Europe has now returned to ITM Power to complete the project with our PEM electrolyser technology and I look forward to taking our relationship further".

Francisco Escartí, Managing Director, of Boeing Research & Technology Europe, commented: "We are very excited to test ITM Power´s PEM electrolyzer technology in our off-grid solar-based refueling station for UAS".

Trending up again, with reasonable volume.

broken thru that 50p level with ease,
cant see any news, so maybe the market is beginning to realise this is
the future, especially with current prices on petrol and diesel soaring.
if we (the uk that is) spent as much on hydrogen technology as we
do on exploration for oil, we'd be a lot further on in our search for
our energy needs for the future....... not just for cars/vans/buses/lorries,
but why not hydrogen power stations....
and in case you hadn't guessed, yup, i'm a long term holder in this great
little company !
usual caveats apply

Much more promising news here...revenues will start to flow in at last....

Hmmm - in auction +7.1%

On a bad day...doing well....much more to come with a good revenue coming in now...

Possible very large order coming from Boeing.....this might be "liftoff" time for the sp !...

Source ?

See latest rns......I'm guessing but this does look very, very promising at long last ....

Sorry rf - I posted the link - must be losing it! Chart wise, things are looking up.