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

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....

By gum it's times like these you kick yourself you didn't buy more earlier .

..

Powering upwards....superb rise !....

At last . Been waiting for this for quite a while now .
Is going to continue ?

Been waiting for this for quite a while.
Will it continue. !?

It might spike but there is a lot of buying at the moment keeping it going......it's real guesswork nowadays !...surprising that AFC is hardly moving at all and ITM is rocketing......I think if you mention hydrogen and US gas/petrol stations and a big gun (Shell) : that sends your sp skywards...AFC take note !....

Bubble burst...had to happen I presume......specially as others in the sector haven't moved much.....

Well you do wonder who or how it burst , because more buys than sells looking at it , you would have thought a mass sell off but no .

It doesn't work always that way.....if you take an average with the graphs....it's one hell of a rise : spikes like this are tricky to play...where's the top....?.....and unfortunately not all the buys and sells are indicated let alone shorts,.. longs...and all the broker to broker deals regardless of what the brokers say...also rumours and behind the scene deals that the average punter like ourselves are the last to get to know are not taken into account.....I go by the market cap and what others are valued at in comparison.....example : ITM are close to 150 million...monies in bank....not a lot....but quite a few deals going on..masses of potential....but then again this has been said for the last decade....what to do ?...no idea...!....you tell me....