Hardware & electrical equipment
ITM Power raises £5.7mln; expects to meet market expectations for full year
ITM said the funds would be used to advance it towards a positive cash flow position as well as to assist in meeting tender requirements
Company
LON:ITM
ITM Power specialise in the manufacture of integrated hydrogen energy systems. Founded in June 2001, the company floated on the Alternative Investment Market (AIM) in 2004 and was the first United Kingdom-based fuel cell company to go public. ITM Power operates out of two premises in Sheffield, UK with further offices in Germany, France the USA and Canada.
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Hardware & electrical equipment
ITM said the funds would be used to advance it towards a positive cash flow position as well as to assist in meeting tender requirements
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A glance at some of the stories on the Proactive newswire today.
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The sale, worth €0.7mln, is part of a strategic hydrogen refuelling initiative
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A glance at today's headlines on the Proactive newswire ...
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Storage had suffered from a lack of identity and payment structure within the electricity market.
Hardware & electrical equipment
The company is currently rolling out a network of ten hydrogen refuelling stations in the UK,
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The station will be deployed as part of Hydrogen Mobility Europe's H2ME initiative to build a pan-European network of hydrogen refuelling stations
Headlines from some of the stores on the Proactive newswire today
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Europcar wants to build the UK’s largest privately owned fleet of hydrogen cars
Companies covered: ANGLE, Berkeley Energia, Best of the Best, Deltex, Forbidden Technologies, Frontier IP, Iofina, Ironridge, ITM Power, LGO Energy, Netscientific, Redx, ServicePower, Strategic MineralsPLC
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This is the fifth fuel supply contract the group has signed
A round-up of today's news on the Proactive newswire
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The contract is for fuel dispensed across ITM Power's hydrogen refuelling network.
As our mining expert Alastair Ford pointed out, its been a long hiatus with no corporate activity of any real significance at the junior level for nearly seven years, but deals are now popping up.
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It will make renewable hydrogen on-site and is the second of three UK stations to be deployed as part of the pan European HyFive project.
Seeing Machines shares rocketed after the company announced its new FOVIO chip is being adapted for use in semi-autonomous vehicles
Hardware & electrical equipment
The upgrade has increased the range of vehicles it can supply
Hardware & electrical equipment
Calum McConnell joins from US industrial firm Parker Hannifin
London stocks closed higher on Friday, feeding off the initial optimism of Wall Street investors over comments from the US central bank’s chief Janet Yellen, while 15-month highs for zinc prices made miners dominate the skyline
A round-up of today's small cap stories on the wire
FTSE 100 added 8 to 6,825 and the FTSE AIM 0.4% to 792.5
Hardware & electrical equipment
It follows Arcola's deal with Symbio FCell to provide, among other things, an integrated package of zero emission commercial vehicles.
UK shares closed higher on Tuesday, as miners once again outperformed other stocks, along with housebuilders and grocer Tesco, while the FTSE 250 index headed to May 2015 highs
Photo-Me is buying the photo division of supermarket giant Asda, ITM Power has signed a fuel supply contract with Commercial Group and Metal Tiger
London's blue chip index was 46 points higher at 6,874
Tourists visiting Britain went on a spending binge last month, with the Japanese visitors proving particularly profligate.
ITM Power revved up the leader board as it sealed a deal with office supplies firm Commercial Group
Hardware & electrical equipment
The contract will see ITM Power supply Commercial’s fleet with hydrogen at £10/kg from its network of refuelling stations.
ITM Power is seeing more customer interest for its hydrogen power storage, Stride Gaming is set to double its share of the online bingo market and both of Westminster Group's passenger ferries will begin sea trials next month.
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In the year to April just ended ITM installed its first vehicle refuelling stations in both the UK and the US
A director of Sound Energy is stepping down; Rambler Metals swings to a profit; Forbidden announces its latest contract win; and much more…
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The initial contract is worth €1.5m to ITM Power not including maintenance
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ITM will deploy three new dual pressure hydrogen refuelling station assets to expand the national refuelling network in the UK.
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The plant "represents a role model for the energy sector", according to the Association of Municipal Companies (VKU),
The merger between Aveva Group and Schneider could be back on
Rambler Metals and Mining commences a prefeasibility in Newfoundland, ITM Power hits the road and Union Jack expects more acquisitions.
Sound Energy unveils a bond deal, Northern Petroleum hit by bad weather and Summit Therapeutics sees rapid progress.
Investments and investor services
Patagonia Gold shot up after all resolutions were passed at the AGM and the response to the open offer was revealed as strong
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Deal could involve so-called "direct coupling" to renewable power generation to produce hydrogen fuel.
ITM Power announced that London's first hydrogen refuelling station is to open next week, Westminster Group awaits the arrival of the Sierra Princess and Deltex Medical reconfigures its probe tip.
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London’s first hydrogen refuelling station, in Teddington, is being launched in collaboration with car markers Toyota, Hyundai and Honda and it is expected to raise market awareness for hydrogen fuel cell vehicles in the UK.
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Big Hit project will enable the deployment of 10 electric vans, which will each be fitted with a hydrogen fuel cell range extender.
DiamondCorp a cut above the rest, ITM Power wins a prize and Westminster group repairs will begin soon.
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ITM is part of the HPEM2GAS project, which in total has received an award of €2.75mln
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Electricity to hydrogen conversion technology has the potential to revolutionise the way we store renewable energy.
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Avation increases fleet size, Minds + Machines strikes two transformational deals and encouraging results from Metal Tiger.
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Avation delivers a new Airbus to Thomas Cook, Greka Drilling secures a loan and Eckoh wins a five-year deal with US clinical care provider.
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Chief executive Graham Cooley said: "We are delighted to be working with ZEAG and DLR on this important sale for ITM Power."
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With half an eye on tomorrow's jobs release in the US investors took money off the table
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Meaty profits for Domino's pizza, a new deal for Tethys Petroleum and Genel Energy sees a drop in revenues.
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A first London re-fuelling site will open in May with second schedule for July
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Hydrogen storage and fuel specialist ITM Power said it successfully completed the earlier announced placing and open offer...
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A round-up of news from the Proactive Investors universe
FTSE 100 was 57 points higher at 5,988 as Japan's stimulus move boosted sentiment
FTSE 100 was 66 points higher at 5,997 following a 3% surge in the Nikkei in Tokyo
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Some £2.1mln will come from a firm placing, with up to a further £3.74mln to come from an open offer
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A round-up of the day's company news from the small cap universe
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A memorandum of understanding has been signed by the two groups
With the numbers involved colossal, its time for investors as well to familiarise themselves with what is happening in the showroom
Investments and investor services
The index closed around 2.6% higher, or 157 points, to 6,240
Investments and investor services
The Footsie rose 131.84 points to 6214 while Germany's Dax and France's Cac-40 also gained
Below are the main news-driven share price movements at 4pm
Investments and investor services
The FTSE100 rose 1.4% or 84 points to 6,167 with the beleaguered miners at the top of the index
Hardware & electrical equipment
By demonstrating sub-second response times ITM's power-to-gas electrolysers have showed they are suitable for use in grid balancing services.
Investments and investor services
Sunrise Resources, Optibiotix Health and ITM Power also had news out
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ITM and Ove Arup will identify opportunities to deploy hydrogen refuelling stations
Investments and investor services
ITM Power, 88 Energy and Rightster Group also had news out on Friday
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The three-year hydrogen refuelling station initiative for the European Union has now been completed.
Investments and investor services
Anglo Asian Mining, Kefi Minerals and Andes Energia also has news out today
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ITM Power has been granted full planning permission to construct a hydrogen refuelling station close to London's busy A13 road in Rainham.
Investments and investor services
Here are the Proactive Investors small cap news highlights for Tuesday November 3.
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ITM Power has got its skates on and achieved operational status for its Riverside, California hydrogen fuelling station in record time.
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The UK is among the first wave of national markets in Europe for the Toyota Mirai,
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The office of the Mayor of London said the UK capital will take delivery of a fleet of Toyota Mirai fuel cell electric vehicles.
Investments and investor services
Shares in Atlantic Coal flew higher today but Ortac Resources took the top spot on the risers board.
Investments and investor services
Below are the main news-driven share price movements at 3.30pm.
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Renault’s Kangoo ZE-H2 electric van is fitted with a fuel cell range extender from Symbio FCell.
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H2ME will oversee deployment of 200 fuel cell-powered electric vehicles, 125 fuel cell range-extended electric commercial vans and 29 new hydrogen refuelling stations across Europe by 2019.
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The launch is being supported by Hyundai, Toyota, and Honda
Investments and investor services
It was a busy day in the small cap world with Gemfields garnering much attention...
Having dropped 35 points in early deals, the FTSE 100 had lost almost 90 points, or 1.4% to 6,139 by lunch.
Hardware & electrical equipment
The deal is part of an initiative to speed up the adoption of fuel cell powered vehicles (FCEVs) in the UK.
Below are the main news driven share price movements at 1pm.
Archive
Britain's top share index closed down 37 points on Thursday.....
UK shares, were decidedly lower as UK retail sales numbers put a dampener on sentiment but China was the big trigger.
Hardware & electrical equipment
Shares in energy storage specialist ITM Power rose as it reached another goal....
Pundits are no wiser after yesterday's policy statement as to the timing of the long-expected interest rate hike.
Investments and investor services
Mariana Resources released a maiden mineral resource estimate for the Hot Maden gold-copper project in eastern Turkey.
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It is one of the key technologies for "tomorrow's energy supply", ITM said
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On a mixed news day, Proxama shares advanced over 9%.....
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The value of projects under construction or in negotiations rose by 13%.
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A treatment for a rare form of haemophilia developed with the help of Abzena’s screening technology has been granted orphan status by the US regulatory authorities. It was one of a number of pharma stories to come out today.
Hardware & electrical equipment
Customer engagement with our energy storage and grid balancing products and with hydrogen refuellers is at an all-time high says chief executive.
Hardware & electrical equipment
Engineering expert joins to represent shareholder JCB as ITM enters manufacturing phase.