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Hardware & electrical equipment

ITM Power PLC sells 0.5Mw electrolyser

The sale, along with some associated hydrogen energy equipment, raised £730,000.

ITM Power plc (LON:ITM), the energy storage and clean fuel company, has sold a 0.5 megawatt electrolyser and some associated hydrogen energy equipment for £730,000.

The company said it currently has £18.31mln of revenue under contract and £6.41mln in the final stages of negotiation, making a total pipeline of £24.72mln.