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

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

Re Government Air Quality Plan, Pipeline Increase

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to note the planned publication by the UK Government of a revised Air Quality Plan, under which, according to media reports, it is proposed to ban the sale of petrol and diesel passenger cars (including hybrids) by 2040.

The new UK Government Air Quality Plan that bans all new non-zero emission passenger cars by 2040 represents an historic first step towards cleaner and greener transport in the UK.

ITM Power calls on the UK Government to provide equivalent financial support for fuel cell electric vehicles (FCEV) infrastructure as it has already provided for plug-in battery electric vehicle (BEV) infrastructure. Equivalent funding would satisfy the UK Government's stated position of being technology agnostic. The Company also calls on the Government to implement its announced plan to provide 65 hydrogen refuelling stations across the UK, to be operational by 2020. Current proposed levels of funding for hydrogen infrastructure would not achieve OLEV's stated target.

Significant pipeline increase, £6.57m in the last two weeks
Separately, ITM Power announces a significant increase in its order pipeline. The Company currently has £23.45m of projects under contract and £11.89m of contracts in the final stages of negotiation, totalling £35.34m (subject to exchange rate variation). This constitutes an increase of £6.57m of contracts in the final stages of negotiation since the last announcement on 11 July 2017.

Launch of Large Scale HRS, Pipeline Increase

20 Tonne/day Hydrogen Refuelling Station designs to be launched in Las Vegas
Contract Pipeline Exceeds £40m (US$53m)

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it will be launching a series of large scale refuelling station designs at Hydrogen + Fuel Cells North America, part of the SolarPower International Conference in Las Vegas.

The large scale refuelling station designs are based around electrolyser configurations of up to 50MW in size with the capability to produce up to 20 tonnes of hydrogen per day. This is in response to industry demand for larger scale industrial installations for refuelling heavy logistics vehicles, such as road haulage vehicles, ships and trains.

Separately, ITM Power announces a significant increase in its order pipeline of £4.87m, which has been added over the last two weeks. The Company currently has £23.54m of projects under contract and £16.67m of contracts in the final stages of negotiation, totalling £40.21m (subject to exchange rate variation).

ITM Power CEO, Dr. Graham Cooley, said: "These new refuelling station designs are being launched in response to a dramatic increase in the number of enquiries for refuelling heavy logistics vehicles at large scale as the viability of hydrogen power continues to gather scale and momentum across a growing number of industrial applications. ITM Power is delighted to be in a prime position to support these important transportation sectors as they plan their transition to a greener vehicle fleet to reduce emissions. Air quality and fossil fuel emissions is now a high priority for governments worldwide."

Align Research Conviction Buy 24.63 - 43.80 Initiates/Starts

Good volume today so far - looking a bit over bought!

Notice of Results

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that it will publish preliminary final results for the year to 30 April 2017 on Friday 25 August 2017.

Anglo American swims against the current in backing fuel cells

Tempus mention

Yesterday ITM was recommended as a buy in The Times

Looking very over bought!