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.
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