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

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!

Final Results

ITM Power (AIM:ITM), the energy storage and clean fuel Group, announces preliminary results for the year ended 30 April 2017. The Group currently has £17.8m under contract and a further £17.6m in the final stages of negotiation, constituting a total pipeline of £35.5m having recognised £6.3m of income in H2 2017.

Commercial
Clean Fuel
· Launched first London Hyfive refuelling station at the National Physical Laboratory, Teddington, London
· Opened first hydrogen refuelling station with Shell in the UK and obtained planning permission for three other Shell stations
· £3.5m contract won to deploy a 3MW electrolyser system in the year ending 30 April 2018

Power-to-Gas
· Contracted the £1.1m sale of 0.5MW electrolyser to National Grid under the HyDeploy project for build in FY2019
· €1.5m sales contract to HDF, a multi-MW electricity storage solutions provider, ITM's first sale in France
· €0.7m electrolyser sale to global speciality gas Group by competitive tender

Renewable Chemistry
· £1.6m sale of a 1.25MW electrolyser to a major Engineering Procurement & Construction ("EPC") Group

Since Year End
· A further £4.1m of products under contract secured since year end (31 July 2016: £1.4m)-
· A further £12.3m of grant contracts entered into final stages of negotiation (31 July 2016: £0.5m)

Financial
· Total Revenue & Grant Funding of £9.2m (2016: £8.2m) up 13%, comprising:
o Revenue - £2.4m (2016: £1.9m) up 25%
o Grant income - £4.2m (2016: £3.2m) up 30%
o Grants receivable for capital projects - £2.7m (2016: £3.1m), down 14%
· Increase in property, plant and equipment net book value of £4.6m from £3.0m, up 53%
· Loss from operations £3.6m (2016: £4.4m), down 18%
· Cash balances of £3.0m (2016: £3.3m), down 10%; comprising
o £1.6m available cash (2016: £1.1m)
o £1.5m restricted cash on guarantee (2016: £2.1m)
· Development costs of £0.15m capitalised in the year (2016: £0.25)
· A material uncertainty exists around going concern as the Group remains in a growth phase. Recognising the current need to manage working capital carefully and efficiently, ITM Power continues to structure quotes to include upfront payment with orders so that working capital is not impacted adversely by increased activity.

Technical
· Winner of the Rushlight award for improvement of the manufacturing process
· New Control room established in Sheffield
· Development of an autonomous test facility for ultra-high current density (cost reduction)

Corporate
· Appointment of new Managing Director of ITM Power GmbH, Calum McConnell
· £5.7m gross funding round secured in January 2017 for working capital to service existing pipeline
· Appointment of Investec Bank plc as Nominated advisor and sole broker
· Exhibited at All-Energy, the UK's largest renewable energy event, Glasgow, 10 & 11 May 2017
· Staff numbers increased by 4 full-time equivalents (currently the Group has 72 staff)
· Development work is tightly focused on increasing electrolyser scale, improving performance and cost reduction

The annual general meeting shall be held on Wednesday 18 October 2017 at 11:00 at 1 Cornhill, London EC3V 3ND.

Graham Cooley, CEO, commented, "This is a very exciting time for the energy industry, and ITM Power is at the forefront of a market which will revolutionise air quality and energy storage for future generations. As evidenced by the significant growth in our pipeline, momentum in the hydrogen sector is continuing to gather pace. Our market is growing rapidly and with larger systems, compliant to operate all over the world, ITM Power is in a great position to be a market leader."

Roger Putnam, Chairman, added, "ITM Power continues to develop a burgeoning pipeline of exciting projects that demonstrate that there is a large and growing market for electrolyser technology. Our focus remains ensuring that ITM Power is optimally positioned to deliver its growing pipeline of established high efficiency products into those markets. I would like to thank the staff this year for their continued hard work as the Group takes its next steps as a leading technology supplier."

Nice little rise this week

Yes...doing remarkably well...wish I could say the same for AFC....