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

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."

Analysis from Zeus Capital about ITM Power, discussing the company's positive trend: click here

Analyst interview on ITM Power by Zeus Capital, listen here.

RWE power to gas plant launched !.....interesting....will the sp take off AFC wise ?....hope so...fingers crossed....

RWE Plant launched & Thuga plant enters German balancing market: listen to the CEO speaking here.

ITM Power's announcement of a forecourt agreement with Shell has got the share price moving higher! -

See more at: http://tinyurl.com/ovw3lp9

ITM has great technology thanks to Highgate and good product development GC can be credited with.
But we do not have the sales, marketing , finance teams to match.

StockMarketWire.com
ITM Power, the energy storage and clean fuel company, is pleased to note London Mayor Boris Johnson's announcement today that the capital will take delivery of a fleet of Toyota Mirai fuel cell electric vehicles.

London has been named by Toyota as a key city for the early adoption of hydrogen vehicles.

ITM Power has signed a fuel contract, selling hydrogen at £10/kg, with Hyundai Motor UK, for refueling its iX35 Fuel Cell Vehicle fleet. The contract covers fuel dispensed across ITM Power's hydrogen refuelling network. The refuelling network has been financially supported by Innovate UK, OLEV and FCH JU.

This is the fifth fuel supply contract ITM Power has signed and Hyundai joins Toyota, Commercial Group, Arcola Energy and Arval as fuel customers.

ITM Power currently has £16.85m of projects under contract and a further £4.15m of contracts in the final stages of negotiation, making a total of £21m, subject to exchange rate variation.

more cash, to pay off debt, most likely wait & see strategy for me 15p = my entry level due to poor NAV even then no profit till 2025 BB

Hyundai ix35 Fuel Cell long-term test: the limitations of hydrogen fuel cells