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

Not sure what to make of this one.....sharp rebound....but will it last..?...can't help but reckon a fund raising exercise is on the way ...possibly diluting total number shares yet again....god knows how many times it has been done now....

I have a feeling if there isn't a flow of good news forthcoming as we have had , they will drift down , i sold at a profit at least even a few hours early . Normally i would just hold .

Tidal energy site in Orkney in hydrogen 'first'

Renewable Energy Magazine

Sale of 1.1MW Power-to-Gas Plant to EnergyStock

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that EnergyStock, a subsidiary of Gasunie, the Dutch gas transmission network operator, has purchased an ITM Power 1.1MW rapid-response PEM electrolyser. The sale was won in a competitive tender process and includes an after-sales support contract. The electrolyser will be located at EnergyStock's Zuidwending salt cavern storage facility in northern Netherlands, and the generated hydrogen will be either used on-site within EnergyStock's systems, or dispensed into tube trailers for supply to future hydrogen refuelling stations. Power will be delivered to the equipment via TenneT's high voltage electricity network.


ITM Power CEO, Dr. Graham Cooley, said: "We are delighted to be working with EnergyStock in the rapidly developing Power-to-Gas energy storage market. Power-to-Gas is the lowest cost long duration energy storage technique known. Power-to-Gas Energy Storage is joined up energy systems thinking - it exploits the virtues of an existing asset (the gas grid) to decarbonise both electricity and gas networks. Using excess renewable power to provide renewable heat combines two problems into one elegant solution."

I am beginning to like this share 😃

WOW 62 million new shares at 40 p.

I would like a few more of these tucked under my belt 😃

It could be good as it shows they are gearing up for the future . Probably buy back in soon .

Can't say I'm impressed !......always the same story with these companies...I knew a fundraising was coming....what I'd like to see is how much profit is to be forecasted and when.....another massive dilution...WOW is not my reaction...more like...oh no.....

At least they will keep their heads above water.....

Yes i agree , but it's actually over 72 million shares as there's an open offer as well , quite surprised it's up over 10% but i'm sure some will sell a few later .

23 for 1....a bit mean I would say....market has responded favourably it seems....for the moment....though like AFC...I fear profits are years away.....

Circular and Investor Presentation

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to confirm that the Circular to Shareholders in respect of the proposed Firm Placing and Open Offer announced on Friday 29 September was posted to shareholders yesterday. The Circular contains a notice of an Extraordinary General Meeting of the Company setting out the resolutions necessary for approval of the Firm Placing and Open Offer.

The Extraordinary General Meeting is to be held at 11.15 a.m. on 18 October 2017, or as soon thereafter as the AGM convened for 11.00 a.m. on that day has concluded, at the offices of Tavistock Communications, 1 Cornhill, London EC3V 3ND.

Copies of the Circular and the Investor Presentation are now available on the ITM Power website at: http://www.itm-power.com/investors/aim-info

RSI & MACD back on the ascendancy.

Result of General Meeting, Open Offer And Total Voting Rights

On 29 September, ITM Power (AIM: ITM), the energy storage and clean fuel company, announced the Firm Placing to raise approximately £25.0m (before expenses) and Open Offer to raise up to £4.4m (before expenses). The Firm Placing and Open Offer was subject, inter alia, to the approval by Shareholders of the Resolutions set out in the Notice of General Meeting.

The Company is pleased to announce that all of the Resolutions were duly passed at the General Meeting held earlier today.

The Placing remains conditional on, inter alia, Admission taking place on 19 October 2017 (or such later time as the Company and Investec may agree, being not later than 31 October 2017).

Result of Open Offer

The Open Offer closed for acceptances at 11.00 a.m. on 17 October 2017 in accordance with its terms and was oversubscribed. The Company therefore announces that is has received valid acceptances in respect of 10,896,225 New Ordinary Shares pursuant to Qualifying Shareholders' Open Offer Entitlements representing a percentage take up of 100 per cent. of the new Ordinary Shares available under the Open Offer. Accordingly, the aggregate amount raised pursuant to the Open Offer is approximately £4.4 million and the aggregate amount raised pursuant to the Firm Placing and Open Offer is approximately £29.4 million.

Application has been made for the 73,396,225 New Ordinary Shares to be issued pursuant to the Firm Placing and Open Offer to be admitted to trading on AIM. It is expected that Admission and dealings in the 73,396,225 New Ordinary Shares will commence at 8.00 a.m. on 19 October 2017.

Upon Admission, the Enlarged Share Capital is expected to comprise 324,009,401 Ordinary Shares with one voting right per share. The Company does not hold any shares in treasury. Therefore, this figure of 324,009,401 Ordinary Shares may be used by Shareholders following Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of ITM Power under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms not otherwise defined in the text of this announcement have the meanings given in the Company's announcement dated 29 September 2017 in relation to the launch of the Firm Placing and Open Offer.

Directorate Change

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that Peter Hargreaves, a Non-executive director since 2003, has notified the Company of his intention to step down from the Board with effect from 31 October.

more.....

Hydrogen heads roll but investors spot hope on horizon

sulomo - 30 Oct 2017 - 06:32 - 24284 of 24294 - 2
Here's the relevant bit from yesterday's Financial Times...

But there are more hopeful signs for the hydro-heads elsewhere. Sheffield-based ITM Power has been quietly building a global market in hydrogen technology, making electrolysers that convert electricity to hydrogen. The gas can then be used in fuel cells to power vehicles. It isinstalling filling stations in the UK withShell.

While carmakers have been slower to produce hydrogen models than electric ones, bus companies and even hauliers, which return to a fixed point, are beginning to embrace it. Compared with electric motors, the range is better and refuelling — around six minutes — quicker, says Graham Cooley, chief executive of ITM.

Electrolysers reduce the climate impact of making the gas. Creating a ton of hydrogen by traditional methods creates 12-16 tonnes of carbon dioxide. Using renewable electricity cuts that to zero. But the bigger prize is the decarbonisation of oil refineries and the chemical industry. They have to “crack†oil to release its useful parts, which takes huge amounts of energy and hydrogen.

ITM last month agreed with Shell to install a 10MW electrolyser — the world’s biggest of its type — at a German refinery. It would need 1,000MW to produce the 180,000 tonnes of hydrogen used annually by the plant in the Rhineland.

“Adoption is coming fast now,†says Mr Cooley, who points to a £37m order pipeline, more than half from overseas. “The numbers show the uptake in the market. I have no doubt we are on the cusp of a complete energy transformation.†Some investors appear to be converted. In October, ITM raised £29.4m, with some institutions which had sold their holdings in the past rejoining the register. “This is not development capital any more. It is working capital for expansion,†says Mr Cooley.