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

£4.9m Strategic Investment by JCB in ITM Power

I reckon that this might be the year of the fuel cell !.....ITM and AFC making big strides !...

Time this went up a bit as well.....

Up a touch....more to come....come on you fuelcell heads (use to be petrolheads)...times change....or to put it in Dylan's words : "the times they are a changin'....

Odd - IG showing these as suspended and making a mess of my account!

RNS now appeared - Suspension - ITM Power Plc

TEMPORARY SUSPENSION OF TRADING ON AIM

ITM POWER PLC

At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 27/03/2015 4:03pm, pending an announcement.

Posted in full! :-)

£2.89m Award for Two London Refuelling Stations

Siting Collaboration with Major Global Fuel Retailer

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has been awarded a total of £2.89m by the Hydrogen Refuelling Stations (HRS) Infrastructure Grants Scheme, run by the Office of Low Emission Vehicles (OLEV). The award is to build two new HRS in London, sited with strategic partners and for the upgrading of four existing ITM Power refuelling stations.

New London Refuelling Stations:
£1.89m has been awarded to ITM Power and its partners to invest in two new HRS in London at strategic locations suitable for Fuel Cell Electric Vehicle (FCEV) roll-out. Both HRS will incorporate on-site hydrogen generation using the Company's PEM HGas electrolyser platform. ITM Power will be working closely with OEM FCEV providers to determine the best locations for siting. The project also benefits from additional financial support of £1.7m which is being contributed by the Fuel Cell and Hydrogen Joint Undertaking (FCH JU) to provide support for the operation of these stations in the early years. This support is in its final stages of negotiation.

One of the new stations will be built on the forecourt of a major global fuel retailer. ITM Power has recently signed a Memorandum of Understanding (MoU) with the retailer to build initially up to three HRS in London and will be seeking funding support for at least one more station. The MoU also allows for further development of the collaboration in the UK.

Refuelling Station Upgrades
ITM Power has also been awarded £1m for upgrades to four existing HRS. This includes the three in London under development as part of the HyFive project and one in Rotherham, just off the M1 at junction 33. The latter will be upgraded from 350 to 700 bar refuelling capability. This strategic refuelling location will allow FCEV users to travel between London and the North of England.

The OLEV HRS Infrastructure Grants Scheme
The strategic rationale for the funding from OLEV was established by the UKH2Mobility project of which ITM Power was a founder member. The project envisages 65 stations being deployed in the UK by 2020. The stations installed by ITM Power and the other station investors under this OLEV programme are the first to be deployed under that strategy. ITM Power looks forward to working with partners from the fuel cell vehicle manufacturers and local, national and European funding partners in the coming years to deploy further stations and achieving the agreed 2020 goal. In so doing, ITM Power will be playing a key role in making the UK an attractive launch market for fuel cell vehicles.

This award comes from the first stage in the rollout of HRS resulting from the UKH2Mobility initiative. The scheme was recently announced by OLEV with £7.5m total funding - £2m available for FCEV, £2m for HRS upgrades and £3.5m for new HRS.

M1 J33 Sheffield Station Update
The ITM Power led Island Hydrogen project, formerly known as EcoIsland and supported by Innovate UK, the UK's innovation agency, has built and is commissioning a 350 bar HRS. The HRS will be located at the Hydrogen Mini Grid at the Advanced Manufacturing Park in Rotherham. The site is off the M1 close to the junction with the M18 and will be an important part of the UK hydrogen infrastructure roll out. Planning permission for the site has been granted, ground works have been completed and commissioning of the plant is progressing well. The HRS will open to hydrogen vehicle users in Q2 2015.

This project represents the first deployment in the UK of the Company's standardised HGas180 platform, capable of generating 80kg of hydrogen per day. The first such unit was recently deployed for a Power-to-Gas application in Germany, operated by RWE. Three identical units are now under construction for deployment in London as part of the HyFive project. The Company now has a number of repeat builds of its standard products allowing several manufacturing efficiencies to be achieved. The HGas180 is the template for further refuelling station deployments in both the UK and the US.

HyFive, UK
Hydrogen for Innovative Vehicles (HyFive) is an ambitious European project funded by the FCH JU under the EU Framework 7 programme, and includes 15 partners who will deploy 110 FCEVs manufactured by five global automotive companies across three European cluster locations. As part of the project, ITM Power is providing three new hydrogen refuelling stations to London for deployment in summer 2015. Each will include both on-site electrolyser systems and 700 bar refuelling capacity. Siting activities have been ongoing both for HyFive refuelling equipment and for potential additional roll out programmes. The three ITM Power HyFive HRS currently being built will also benefit from new telecoms and security equipment. ITM Power has gained planning permission for the first two HyFive HRS, the first of which will be located within quarter of a mile of the A313 and the second within a quarter of a mile of the A40. Ground works are underway at the first HyFive site. The HyFive HRS will open to hydrogen vehicle users in Q3 2015.

HRS Manufacturing
The electrolyser build programme will proceed in parallel with functional and compliance testing due to take place in Q2 of 2015 ahead of commissioning in Q3 of 2015. The build programme will benefit from ITM Power's expanded testing facilities which enable multiple units to undergo factory acceptance testing simultaneously.

FCEV roll out in the UK
The first Hyundai ix35 FCEVs, funded under the HyFive London Cluster, are now deployed in the UK with further roll out expected as the infrastructure provision develops. Toyota has launched the Mirai FCEV and will begin to sell this in Europe in mid-2015.

Dr Graham Cooley, CEO, ITM Power, commented: "The funding for these new refuelling stations in London, coupled with partnering a major global fuel retailer are both important steps in the roll out of Hydrogen mobility in the UK. By the beginning of 2016 ITM Power will own and operate six HRS in the UK, centred on London"

Wow !...haven't read through it yet ...but looks good Skinny....together with AFC : two to be in....more and more convinced this is going to be their year...

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RESTORATION OF TRADING ON AIM

Worth a read :- Breakthrough in hydrogen-powered cars may spell end for petrol stations

All trades are blue on here as well....all three of them....

I reckon....this is going to follow in the AFC wake shortly.....but probably needs a catalyst(sigh)....in the form of a positive update to trigger a subsequent rise....things are starting to take shape here if you read the latest rns......

There have been 101 positive updates over the last couple of years, and yet the SP has gone nowhere! Such a frustrating share to be in....

AFC was the same ....perhaps not quite so many rns's....but this year some big advances are being made...

Still think this is about to take off sooner or later.......

0.5MW Electrolyser Sale to EMEC

0.5MW Electrolyser Sale to EMEC
Integrated Hydrogen System for Tidal Energy Storage

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has won a competitive tender to supply an integrated hydrogen system for use at the European Marine Energy Centre (EMEC) tidal test site on Eday, Orkney, Scotland. The system's principal component is a 0.5MW polymer electrolyte membrane (PEM) electrolyser with integrated compression and up to 500 kg of storage. We have also offered an additional maintenance contract alongside the integrated system as well as a fuel cell for local back up power. The total contracted value of the project is £1.79m.

Including this project, the Company currently has £9.97m of projects under contract and a further £5.79m of contracts in final stages of negotiation.

The 0.5MW electrolyser will be used to absorb excess power generated by the tidal turbines testing at EMEC. The hydrogen gas generated will be compressed and stored, with some of the gas being used in (an optional) hydrogen fuel cell to provide backup power to critical EMEC systems. The remainder of the hydrogen gas will be used off-site by a further project being developed separately which plans to absorb output of a local community wind turbine operated by Eday Renewable Energy Ltd.

Subject to contract ITM will supply, integrate, commission and maintain all parts of this system. The electrolyser will be packaged in a standard 20' and 10' ISO container and is summarised below:
• Hydrogen generation capacity up to 220kg/24hours
• Self-pressurisation up to 20 bar
• Rapid response
• Hydrogen purity satisfying ISO 14687
• CE compliant

Neil Kermode, Managing Director, EMEC, commented: "We are really excited about the deployment of ITM Power's PEM electrolyser system on Eday. This is an innovative way to tackle the shortcomings of the local grid which is holding back marine energy in Orkney. It will allow us to not only pilot the production of hydrogen fuel from tidal energy, but will allow surplus renewable energy on the island to be used without having to rely upon the inadequate grid. We really see this as the moment we begin to break away from the shackles of a 20th century cable architecture."

Dr Graham Cooley, CEO, ITM Power, commented: "We are delighted with this sale and to be working with EMEC on the Orkney Islands. ITM Power's PEM Electrolysers are perfect for island deployment given the logistics of power distribution and fuel supply and this application by EMEC is a fantastic example as to how the rapid response functionality of ITM's systems offer freedom from the grid constraints of distributed and remote renewable energy"

Appointment of Non-Executive Director

StockMarketWire.com
ITM Power expects results for the year to the end of April to be in line with projections at a pre-tax level.

The company says it currently has £12.91m of projects under contract and a further £2.80m of contracts in the final stages of negotiation. This reflects the successful conclusion of a number of negotiations. In March, the company received £4.9m as a strategic investment from JCB.

An update says: "As the company builds up more operating experience, project timetables will be forecast with greater clarity, which, in turn, will result in revenue forecasts becoming more accurate. ITM Power's key strategic goal is to become cash flow positive in the shortest period possible and the Company has successfully prevented the cost base materially increasing despite revenues rising significantly over the last two years."

ITM Power says it has a rapidly developing pipeline of qualified quotes for its two principal products. These larger scale platforms are becoming the most prevalent source of income and also make up the bulk of enquiries the Company is now receiving.

Chief executive Graham Cooley said: "Customer engagement with our energy storage and grid balancing products and with our hydrogen refuellers is at an all-time high. The project and quotation pipeline as a result has been steadily growing in both applications. ITM Power enjoys a strong foothold in Germany with its PEM Power-to-Gas technology and is building a valuable portfolio of refuelling stations in the UK centred on London, which will provide strong commercial experience in the manufacture, deployment and operation of Hydrogen Refuelling Stations."