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ITM Power PLC - Retirement of Non-Executive Director

RNS Number : 7348S
ITM Power PLC
13 July 2020
 

13 July 2020

 

ITM Power plc

("ITM Power" or the "Company")

 

Retirement of Non-executive Director

 

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that Robert Pendlebury has decided to retire from his role as a Non-executive Director with effect from 31 July 2020.

 

Sir Roger Bone said: "I would like to thank Bob for his valuable contribution during his five years with us.  We will miss his expertise and experience.  On behalf of all of us at ITM Power, I wish him a long and happy retirement."

 

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

 

ITM Power plc

(0)114 244 5111

Nicola Ham Edmonds, Company Secretary

 

Investec Bank plc (Nominated Adviser and Broker)

(0)20 7597 5970

Chris Sim / Jeremy Ellis / Ben Griffiths

 

Tavistock (Financial PR and IR)

(0)20 7920 3150

Simon Hudson / Edward Lee / Barney Hayward

 

 

About ITM Power plc

ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004.  In October 2019, the Company announced the completion of a £58.8 million fundraise, including a subscription by Linde of £38 million, together with the formation of a joint-venture with Linde to focus on delivering renewable hydrogen to large scale industrial projects worldwide.  ITM Power signed a forecourt siting agreement with Shell for hydrogen refuelling stations in September 2015, (which was extended in May 2019 to include buses, trucks, trains and ships) and in January 2018 a deal to deploy a 10MW electrolyser at Shell's Rhineland refinery. ITM Power announced the lease of the world's largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019. Customers and partners include Sumitomo, Ørsted, Phillips 66, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, Toyota, Honda, Hyundai and Anglo American among others.

 

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Quick facts: ITM Power PLC

Price: 250

Market: AIM
Market Cap: £1.19 billion
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