ITM Power PLC Sale of 1.25 MW Electrolyser (5152P)
November 18 2016 - 1:00AM
UK Regulatory
TIDMITM
RNS Number : 5152P
ITM Power PLC
18 November 2016
18 November 2016
ITM Power plc
("ITM Power" or "the Company")
Sale of 1.25MW Electrolyser
ITM Power (AIM: ITM), the energy storage and clean fuel company,
is pleased to announce that it has signed a sales contract for the
supply of a 1.25 MW, 50-bar electrolyser unit. The unit will be
deployed at an ethylene production plant. The purchaser of the
equipment is a major EPC contractor.
For further information, please visit www.itm-power.com or
contact:
ITM Power plc
Graham Cooley, CEO +44 (0)114 244 5111
Zeus Capital
Andrew Jones / Dan Bate / Hugh Kingsmill
Moore +44 (0)20 3829 5000
Tavistock
Simon Hudson / James Collins +44 (0)20 7920 3150
About ITM Power plc:
ITM Power manufactures integrated hydrogen energy solutions
which are rapid response and high pressure that meet the
requirements for grid balancing and energy storage services, and
for the production of clean fuel for transport, renewable heat and
chemicals. ITM Power plc was admitted to the AIM market of the
London Stock Exchange in 2004. The Company received GBP4.9m as a
strategic investment from JCB in March 2015. The Company signed a
forecourt siting agreement with Shell in September 2015. The Group
currently has GBP17.77m of projects under contract and a further
GBP2.43m of contracts in the final stages of negotiation, totaling
GBP20.2m, subject to exchange rate variation. ITM Power is a
founder member of the Social Stock Exchange. www.itm-power.com
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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November 18, 2016 02:00 ET (07:00 GMT)