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

ITM Power makes first sale in Russia

StockMarketWire.com

Energy storage and clean fuel company ITM Power has sold the first reference plant based on the HPac platform to a company in Russia, which at this stage wishes to remain anonymous.

ITM Power says it looks forward to marketing its products more actively in Russia's rapidly growing energy sector.

Chief executive Dr Graham Cooley said, "Russia is a fast growing energy market that is beginning to look more seriously at the renewable space.

"We are pleased that companies in Russia are looking at the renewable energy sector in general and our products in particular."

At 9:36am: (LON:ITM) ITM Power share price was +1.63p at 38.25p

First Sale of 'Power-to-Gas' Plant in Germany

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has won a competitive tender process, based on both price and performance, for a Thüga Group project, to supply a 360kW Power-to-Gas energy storage plant. This is ITM Power's first major commercial sale in Germany of a large hydrogen production unit based on its unique design of a self-pressurising rapid response PEM Electrolyser. The unit produces 125kg/day of hydrogen gas and incorporates AEG power electronics. It will be situated at a Mainova AG site in the Schielestraße, Frankfurt in the state of Hessen.

The operational data will be shared by the whole Thüga Group - the largest network of energy companies in Germany with around 100 municipal utility members.

The project partners include: badenova AG & Co. KG, Erdgas Mittelsachsen GmbH, Energieversorgung Mittelrhein GmbH, erdgas schwaben GmbH, Gasversorgung Westerwald GmbH, Mainova Aktiengesellschaft, Stadtwerke Ansbach GmbH, Stadtwerke Bad Hersfeld GmbH, Thüga Energienetze GmbH, WEMAG AG, e-rp GmbH, ESWE Versorgungs AG with Thüga Aktiengesellschaft as project coordinator. Scientific partners will participate in the operational phase.

Power-to-Gas energy storage is rapidly growing in significance in Germany and this deployment with Thüga Group is the largest ever PEM Electrolyser deployment in a Power-to-Gas application to date. PEM electrolysers are able to respond rapidly to fluctuating renewable inputs and so are able to store renewable energy as hydrogen for injection into the gas grid. The ITM Power technology is unique since it can respond in one second and is self-pressurising up to 80bar, permitting direct injection into the German gas grid.

Sainsbury's joins UKH2Mobility

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to note that Sainsbury's has joined Phase 2 of the UKH2Mobility project. The addition of Sainsbury's to the project was announced as Business and Energy Minister, Michael Fallon, welcomed the publication of the full UKH2Mobility Phase 1 report.

Welcoming the publication of the full UKH2Mobility report on hydrogen vehicles, Business and Energy Minister Michael Fallon said: "Securing new economic opportunities for the UK, diversifying our national energy supply and driving down carbon emissions go to the heart of my job in government. The findings of the report demonstrate hydrogen fuel cell electric vehicles can have a real impact on all three.

"It is very positive that all the UKH2Mobility partners will be joining us in the next phase of the project where they will be joined by Sainsbury's. Successful commercialisation of the technology will require government to work in strong partnership with industry.

"Prompt action is needed to ensure the potential benefits are realised by businesses and consumers in the UK and work on the next phase will start straight away".

Participation in North Sea Power-to-Gas Platform

ITM Power (AIM: ITM), the energy storage and clean fuel company, is delighted to announce its participation in the newly established 'North Sea Power to Gas Platform' to further develop the concept of Power-to-Gas (P2G) and draws investors' attention to the following announcement released today by DVN KEMA the project coordinator:

"Eleven leading companies in Europe have joined forces in the newly established North Sea Power to Gas Platform to further develop the concept of Power-to-Gas (P2G): the conversion of renewable power into gas. P2G will play an increasingly important role in our future energy system, as it reduces temporal surpluses of renewable power by converting these surpluses into gases. As these gases can be used for different purposes such as transportation, domestic heating, as feedstock for the chemical industry, and power generation, the potential value of P2G is considerable.

"The establishment of the North Sea Power to Gas Platform is an important step in the transition towards a sustainable energy system", says Lukas Grond, P2G expert at DNV KEMA and secretary of the Platform. "I am pleased that this group of reputed companies has joined forces to bring this technology a step further into the global energy market." The Platform is an initiative of energy consulting and testing & certification company, DNV KEMA, and includes Fluxys Belgium and Hydrogenics (Belgium); Energinet.dk and Maersk Oil (Denmark); Alliander, Gasunie and TenneT(Netherlands); ITM Power and National Grid(UK); and Open Grid Europe(Germany).

The share of electricity from renewable sources in the European electricity mix is increasing. As the power generation from wind and solar fluctuates, the match between renewable power supply and demand is becoming more challenging. At the same time, there are additional challenges to transmit the increasing volumes of renewable power from wind or solar farms to end users. The gas infrastructure can accommodate large volumes of electricity converted into gas in case that the supply of renewable power is larger than the grid capacity or than the electricity demand. As a result, P2G enables the share of renewables in the energy mix to increase, making this innovation an important topic in achieving a carbon-neutral gas supply in 2050.

P2G is of particular interest for the North Sea area as its on- and off-shore natural gas infrastructure is well developed. In addition, the combined generating capacity of offshore wind farms on the North Sea could reach around 100 GW by the year 2030, while the PV capacity installed in the countries surrounding the North Sea is expected to increase from 35 GW in 2012 to almost 60 GW in 2020.

The North Sea Power to Gas Platform is a joint body, based on an integrated network of stakeholders, aiming to further develop the concept of P2G in the countries surrounding the North Sea. The Platform collaborates with the European Gas Research Group(GERG), the Mediterranean Power2Gas Platform (currently being established), as well as shipping companies, NGO's, utilities, energy technology providers, Transmission System Operators and Distribution System Operators."

For further information please contact: Rolf van Stenus Global Press Officer, DNV KEMA, on +31 26 356 2607 or email rolf.vanstenus@dnvkema.com.

Hannover Fair and First Sale to New Territories

Hannover Fair results in Significant Utility Scale Power-to-Gas Enquiries

First Sales Achieved in South America and Hungary

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces a successful Hydrogen and Fuel Cell Fair at the Hannover Messe in April and the Company's first sales of products to South America and Hungary.

The Hydrogen and Fuel Cell Fair at the Hannover Messe took place from the 8th to the 12th April 2013. As last year, ITM Power had a significant presence at the Fair and once again provided its HFuel hydrogen refueling station to refuel the fleet of fuel cell electric vehicles at the event.

The Company's products attracted a high level of interest, resulting in a large pipeline of leads which have been followed up. This year the quotations that have been issued are much larger in size than last year and are predominantly to international companies. Many enquiries were also directed to specific projects or live tenders rather than general information gathering and have resulted in significant corporate engagement.

Utility scale energy storage applications in the form of both 'Power-to-Gas' and 'Power-to-Gas plus Methanation' dominated the enquiries and were the subject of dedicated discussions and presentations in the public and technical forums. The increased awareness of these energy storage techniques by major power, oil and gas companies is noteworthy.

Separately, ITM Power announces the sale of two reference plant built on the HPac platform to South America and Hungry; these are the first sales to these territories and the Company notes the increased level of interest in its products from Eastern European countries.

ITM Power CEO, Dr. Graham Cooley, commented: "We had another very good Fair at the Hannover Messe where our pipeline of enquiries was refreshed and extended. Power-to-Gas energy storage is seeing intense interest from European energy companies and ITM Power's technology is well positioned as a result of the Thuga contract win."

Dr Graham Cooley will be presenting the Company's Power-to-Gas energy storage strategy and products at the Zeus Capital "New Energy Technologies" investor conference at 2pm tomorrow, May 2nd at Dartmouth House, 37 Charles Street, Mayfair, London.

Corporate and Technical Due Diligence

ITM Power (AIM: ITM), the energy storage and clean fuel company announces that, following the conclusion of non-disclosure agreements, it has allowed three corporate customers access to a data room of technical and corporate information. The three customers, which at this stage are confidential, are a global gas group, an oil major and an aerospace and defence company. The outcomes of the due diligence processes, outlined below, have been very positive.

Suggestions that ITM are involved with Hyundi in California. Awaiting confirmation.

Trading Statement

ITM Power has made the following significant progress toward the full commercialisation of its technology, both in the UK and internationally, as countries around the world advance their plans for hydrogen infrastructure roll-out, namely:


· Founding member of the Californian Hydrogen Business Council Hydrogen Energy Storage (HES) Program
· Formation of a Danish subsidiary to participate in the Danish markets for Power-to-Gas energy storage and hydrogen mobility
· Sale of a Power-to-Gas unit to the Thüga Group a consortium of German utilities and participation in the German Energy Agency's Power-to-Gas Strategy Platform
· New grant awards in the last year for collaborative projects with large multi-national company partners totalling £4.25million over the next 3 years
· Publication of the UKH2Mobility report outlining the roll out of refuelling stations in the UK, 50% of which will be based on electrolysis for hydrogen production.

Participation in French Mobility Programme

Link copied :-

The battery of the future: Construction of power to gas demonstration plant

Hydrogen Cost Structure Update

Contract for operation of hydrogen facility

RNS

RNS Number : 4052K
ITM Power PLC
30 July 2013



30 July 2013

ITM Power plc
("ITM Power" or "the Company")

Contract for operation of hydrogen facility

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has been selected by the Homes and Communities Agency (HCA) as the preferred bidder in a recent competitive tender process to become the operator of a Hydrogen Mini Grid System (HMGS) in Rotherham, UK.

The Hydrogen Mini Grid System (HMGS) is a unique UK asset consisting of a 225kW wind turbine coupled directly to an electrolyser, 200kg of hydrogen storage and a hydrogen dispensing unit as well as a 30kW fuel cell system for back up power generation for nearby buildings.

The facility will be upgraded as a showcase for ITM Power's world-class equipment and used to provide retail hydrogen fuel services within the Sheffield City Region. The HMGS will also serve to develop ITM Power's modular commercial platform for hydrogen generation systems, power to gas and refuelling solutions. Particular focus will be on the national hydrogen mobility initiatives being undertaken in countries around the world.

The facility is located on the Advanced Manufacturing Park (AMP) in Rotherham just two miles from the M1 motorway network and within reach of large conurbations. This gives the facility a very large catchment area and provides the perfect position for a commercial refuelling station.

The M1 was highlighted as a key route for the early deployment of hydrogen refuelling in the UK in the recently published UK H2Mobility Phase 1 Report [http://www.itm-power.com/wp-content/uploads/2013/02/UK-H2Mobility-Synopsis-of-Phase-1-Results-Feb-2013.pdf] The HMGS already has planning permission for hydrogen systems and much of the required infrastructure and groundwork is already in place, which allows for very low set up costs to install and use ITM Power's non-invasive hydrogen generation technology.

Subject to final contract ITM Power will sign a five year lease on the site and will work in collaboration with local authorities, businesses, Sheffield University, DeMontfort University and UPS Systems to provide retail fuel services for a range of low carbon vehicles and provide educational material for the hydrogen sector.

ITM Power CEO, Dr Graham Cooley, said: "We are delighted to have been selected as the operator for the HMGS in Rotherham. The site has huge potential and ITM Power is perfectly positioned to realise this potential with our unique technology. Together with our partners, we will be able to use the site as a retail hydrogen fuel station for the area and it will provide a repeatable blueprint for similar systems to be deployed around the world."

31 July 2013

ITM Power plc
("ITM Power" or the "Company")

Participation in the Mediterranean Power-to-Gas platform

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has joined the newly formed Mediterranean Power-to-Gas platform (MP2G) which will develop projects based on the integration of both wind and solar PV for Power-to-Gas energy storage across the Mediterranean region.

The MP2G platform, managed by DNV KEMA, has been established to develop energy storage projects in the Mediterranean region for intermittent energy based on wind power and solar PV, whereas the North Sea Power-to-Gas platform (NSP2G) focuses on wind power in the North Sea region.

The list of members of the MP2G platform includes EDP (Portugal), REN (Portugal), Enagas (Spain), Gas Natural (Spain), GDF Suez (France), TIGF (France), Edison (Italy), Hydrogenics and SNAM (Italy).

ITM Power CEO, Graham Cooley, commented: "Power-to-Gas energy storage is the lowest cost long term energy storage technique and is being deployed all over Europe and we are delighted to be part of this new initiative."

For further information please visit www.itm-power.comor contact:

Seriously, so much positie newsflow but the SP never goes anywhere! Is this likely to soar to £10/12 in the future or is that just pie in the sky....?

Final Results & Placing

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce:

· publication of the Company's final results for the year ended 30 April 2013; and
· that it has raised £2,000,000 before expenses by way of an issue of 5,714,286 new ordinary shares of 5 pence each at a placing price of 35 pence per share.

Final results for the year ended 30 April 2013

Summary

Operational
· First order of Power-to-Gas plant to the Thüga group in Germany
· Preferred bidder for the supply of a refuelling station in California
· Participation in German Government Power-to-Gas platform
· Participation in North Sea Power-to-Gas platform
· UKH2Mobility backs 50% electrolytic hydrogen for UK rollout
· Participation in H2USA the US hydrogen rollout initiative
· Participation in French National mobility programme
· First orders in Japan and South America
· First sale in Russia
· Core electrolyser stack efficiency improved by 11%
· Core electrolyser stack full power response time reduced to 0.2 of a second

Financial
· Revenue for the period was £87k (2012: £480k), a significant decrease which represents delays experienced in commissioning and deployment of products at customer premises.
· £0.9m order book plus strong and growing quotation pipeline
· £3.7m of grant awards; another £3.5m subject to contract
· Cash burn of £6.1m (2012: £5.7m). Cash burn is defined as the underlying rate of cash outflow after adjusting for movements in short term deposits and fund raising receipts, and is reconciled to the Consolidated Cash Flow Statement
· Cash balances at period end of £5.9m (2012: £6.6m)

H2USA Update

RNS

RNS Number : 2185L
ITM Power PLC
08 August 2013



8 August 2013

ITM Power plc
("ITM Power" or the "Company")

H2USA Update

New members sign up, launch meeting to be held today

ITM Power, Inc. of California, a wholly owned subsidiary of ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to provide an update on its participation in H2USA, the hydrogen infrastructure programme for the USA.

The United States Energy Department launched H2USA, a public-private partnership focused on advancing hydrogen infrastructure to support more transportation energy options for US consumers, including fuel cell electric vehicles (FCEVs) on 13 May 2013. Since that date, 12 additional organisations have signed up to H2USA: Air Liquide, American Honda Motor Company, ARC: Hydrogen, Argonne National Laboratory, Chrysler Group LLC, General Motors Holding, Hydrogenics, National Renewable Energy Laboratory, Nuvera Fuel Cells, Plug Power, SCRA and Sandia National Laboratories. The 13 founding members of the H2USA partnership were the American Gas Association, Association of Global Automakers, the California Fuel Cell Partnership, the Department of Energy, the Electric Drive Transportation Association, the Fuel Cell and Hydrogen Energy Association, Hyundai Motor America, ITM Power, Inc., Massachusetts Hydrogen Coalition, Mercedes-Benz USA, Nissan North America Research and Development, Proton OnSite, and Toyota Motor North America.

The launch meeting of H2USA takes place today in Washington at the offices of the Association of Global Automakers with an agenda to develop an organisational framework and strategy to address H2USA's mission to promote the commercial introduction and widespread adoption of FCEVs across America through overcoming the hurdle of establishing hydrogen infrastructure. Attendees will be welcomed by Dr. David Danielson, Assistant Secretary, Energy Efficiency and Renewable Energy, U. S. Department of Energy.

Four working groups within H2USA have been formed to report on moving hydrogen infrastructure forward and the barriers that need to be overcome to deliver that objective:

· Hydrogen Fueling Station Working Group
· Market Support and Acceleration Working Group
· Financial Infrastructure Working Group
· Locations Roadmap Working Group

Geoff Budd of ITM Power, Inc. and a member of the Hydrogen Fueling Station Working Group, commented: "As a founding member of H2USA, we will be very much involved in helping to map out the United States' strategy for the adoption of hydrogen infrastructure and will be able to share global experience from our membership of similar organisations in the UK, Germany, France, Switzerland and Denmark.

"The US market looks set to be a key territory for ITM Power. I am delighted with the progress we are making in North America."

EU Grant award

ITM Power (AIM: ITM), the clean fuel and energy storage company, announces that it has received confirmation of a €0.35m (£0.31m) grant award to work with a consortium to demonstrate energy efficient technologies and energy storage solutions for non-residential buildings.

From III

Thüga plant delivered on schedule

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has delivered its first Power-to-Gas plant to the Thüga Group in Frankfurt on time and to budget.

The plant is now deployed at the Mainova Aktiengesellschaftsite in Schielestrasse, Frankfurt am Main where the compliant gas mixing and grid injection infrastructure, is already in place. The plant will now undergo an extensive acceptance, compliance and commissioning phase before going live in December. The install also includes a monitoring facility and visitor's reception so that members of the Thüga group can examine the performance of the plant.

The Company will update the market when commissioning is completed and the plant first injects hydrogen into the German Gas Grid. The operational data will be shared by the whole Thüga group - the largest network of energy companies in Germany with around 100 municipal utility members.

The Thüga plant is the first to be delivered of £4.5m of equipment being manufactured at ITM Power funded by commercial sales and grant funded collaborative projects. With an order book of £1.7m and a rapidly developing pipeline of revenue the Thüga delivery marks a significant juncture for ITM Power.

Organised in partnership with Cenkos Securities and Shares magazine, the second Innovators & Investors Forum will take place on 4th February 2014 at the Business Design Centre, London N1.

The event aims to showcase up to 40 leading innovative and imaginative technology-led firms and to bring them together with the investment community. It combines both a company expo and an educational conference where delegates learn about a range of investment opportunities.

REGISTER NOW

Why attend?

This event gives you a platform to meet under one roof up to 40 technology-led companies, hear their messages during presentation seminars and engage in discussions with them on their stands.

The event is supported with an extensive conference program, including keynote speakers and company presentations.



Companies already confirmed for the 4th February 2014 include:

Allocate Software
Angle
Avanti Communications
Bango
Bond International Software
Brady
Cenkos Securities
CML Microsystems
Deltex Medical
Earthport
Eleco
Enables IT
Escher Group Holdings
Filtronic
Forbidden Technologies
Globo
Imperial Innovations
incadea
InternetQ
ITM Power
KBC Advanced Technologies
Kromek Group
Optimal Payments
Plastics Capital
Quindell
Regenersis
Rightster
StatPro
Transense Technologies


CONFERENCE AGENDA

The following session is dedicated to a mix of institutional investor and private investors.

11:40 Company presentation - Colin Miles, VP, Corporate Relations - InternetQ

11:55 Company presentation - Hank Uberoi, CEO - Earthport

12:10 Company presentation - Quindell

12:25 Company presentation - Dr Nigel Pitchford, Chief Investment Officer - Imperial Innovations

12:40 Lunch

The afternoon sessions are dedicated to private investors.

14:00 Keynote address - Richard Penny, Senior Fund Manager - Legal and General UK Alpha Trust

14:15 Russ Mould, Editor - Shares Magazine

14:30 Company presentation - Kromek Group

14:45 Company presentation - Joel Leonoff, President & CEO - Optimal Payments

15:00 Company presentation

15:15 Company presentation - Charlie Muirhead, CEO and Founder - Rightster

15:30 Company presentation - Caroline Brown, Executive Director & CFO - KBC Advanced Technologies

15:45 Coffee

16:15 Company presentation - Andrew Fabian, Group Finance Director - StatPro

16:30 Company presentation

16:45 Company presentation

17:00 Company presentation - Jonathan O’Connell, CFO - Escher Group Holdings

17:15 Company presentation - ITM Power

17:30 Close

The exhibition will be open from 10:45 to 17:30.

Coffee / lunch will be served within the exhibition.


This agenda is subject to change and alterations. More companies to be announced soon.

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The exhibition will be open from 10:45 to 17:30.

Coffee / lunch will be served within the exhibition.



This agenda is subject to change and alterations. More companies to be announced soon.



EXHIBITION

The exhibition will be open from 10:45 to 17:30.

Coffee / lunch will be served within the exhibition.



Dress code: business attire




VENUE
Business Design Centre
52 Upper Street
Islington
London N1 0QH

http://www.businessdesigncentre.co.uk/

Access map: http://www.businessdesigncentre.co.uk/VisitingUs

Closest tube station: Angel (3 min. walk) - Northern Line





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Cenkos Securities is an independent specialist securities firm focused on UK small and mid-cap companies.
We aim to be entrepreneurial, whilst seeking to establish long-term relationships with corporate and institutional clients.
Our directors and partners have on average more than 25 years' experience in the UK securities market. They have pioneered and led some of the most successful and innovative transactions in the UK securities market over the last decades.

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