By Jemima Owen-Jones2017-04-03T11:00:00+01:00
ITM Power, the energy storage and clean fuel company has announced that it has signed a £3.5m ($4.4m) contract for the deployment of 3MW of electrolysis in the UK with some associated hydrogen (H2) energy equipment.
The company currently has £21.79m ($27.33m) of revenue under contract and £2.86m ($3.58m) in the final stages of negotiation, making a total pipeline of £24.64m ($30.90m).
Further details will be made available, including the location and application, when possible.
In recent weeks, the company has also announced the sale of a 0.5MW electrolyser and some associated H2 energy equipment for £0.73m ($0.91m), and has gained full planning permission to build H2 refuelling stations at four sites across the UK.
ITM Power has conditionally raised a total of £5.7m ($7.1m) from the accelerated bookbuild offering and has released its interim results.
Month on month, the gasworld website is the market-leading news portal for the global industrial gas sector, growing at an unprecedented rate and keeping its readers at the forefront of breaking news, insightful analysis and must-see features across the industry. Launched in 2004 and continually evolving, it is the only independent online news, views and intelligence portal for the global industrial gas community and the larger end-user markets – and home to the ever-increasing range of gasworld platforms.
To find out more about gasworld's advertising opportunities click here.