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

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.

RNS Number : 5323A

Itm Power PLC

02 April 2012

2 April 2012

ITM Power plc

("ITM Power" or the "Company")

Hyundai joins HFuel Here at All-Energy 2012

ITM Power (AIM:ITM), the energy storage and clean fuel company, announces that, Hyundai will use its HFuel on-site hydrogen refueling station at the All-Energy Exhibition and Conference in May to refuel its Fuel Cell SUV.

HFuel will be available at the All-Energy Exhibition and Conference to refuel fuel cell or hydrogen fuelled vehicles and Hyundai is the first automotive OEM to commit to demonstrating its fuel cell vehicle at All-Energy2012.

Hyundai Managing Director, Tae Won Lim Ph.D., commented: "The Hyundai brand is growing globally both in terms of vehicle sales and our manufacturing footprint. Our corporate slogan is "New Thinking. New Possibilities. New ideas create new values" and the fuel cell vehicle is the reality of our corporate objectives. To have the ability to refuel our vehicle at All-Energy 2012 with hydrogen that is actually generated on site is fantastic."

ITM Power CEO, Dr. Graham Cooley, commented: "Our HFuel product is now very well tested in the field, refuelling vans, cars and materials handling vehicles. To be able to provide this service to one of the world's leading and fastest growing automotive OEM's is a further step forward in our development."

TSB Grant Award - Gas Injection Feasibility Study

TM Power (AIM: ITM), the energy storage and clean fuel company, has been awarded a grant under the Technology Strategy Board's Smart Power Distribution and Demand competition. The project is due to commence in July 2012 and has a duration of 12 months.

The UK quotient of renewable energy generation is due to increase by a factor of five over the next decade and this will dramatically increase the unpredictability of supply. Coupled with existing curtailment traffic and distribution network bottlenecks, this presents a significant technical and financial challenge. The ITM Power lead project aims to investigate the technical, financial and operational feasibility of injecting hydrogen gas, generated from electrolysis fed from excess renewables, into the UK gas networks.

ITM Power is collaborating in a partnership which includes the Scottish Hydrogen Fuel Cell Association ("SHFCA"), and Gastec at CRE ("Gastec") on the £164k feasibility study. The project includes preliminary logistical research, system research, creation of a generation model and the simulation of hydrogen production at a single wind farm.

HBox Solar Achieves CE Compliance

ITM Power (AIM:ITM), the energy storage and clean fuel company, is pleased to announce the achievement of full CE certification for its HBox Solar electrolyser product.

A CE mark is a mandatory conformance mark for products placed on the market in the European Economic Area. CE conformance certifies that a product has met EU consumer safety, health and environmental requirements. In the case of HBox Solar, CE requires conformance with the Pressure Equipment, EMC, Machinery and Atex Directives.

Approval to Operate and Sell HFuel in Germany

TM Power (AIM:ITM), the energy storage and clean fuel company, is pleased to announce that its HFuel product has received regulatory approval for the German market.

HFuel has undergone a rigorous assessment and inspection by TÜV SÜD in both the UK and Germany, including an audit of safety documentation and compliance with relevant European Directives and the strict German Merkblaat standard. TÜV SÜD has issued its Expert Report enabling ITM Power to gain approval to operate and sell its HFuel refueling platform in Germany.

ITM Power will be operating HFuel in the Ride and Drive area of the Hannover Messe this week.

Dr. Graham Cooley, CEO of ITM Power, commented: "To be able to operate HFuel in Germany is a key step for the Company in commercialising its technology in the leading market for hydrogen infrastructure globally. Successful completion of this rigorous process is a credit to the team and demonstrates the ability of ITM Power to execute refueling projects in Germany."