ITM Power signs deal to supply 8MW electrolyser

Energy storage and clean fuel company ITM Power has signed an agreement to supply an 8MW electrolyser in the UK, it announced on Thursday.

The AIM-traded firm said the agreement, including associated project costs, had a total value of £10m, with funding to fall across the 2021 and 2022 financial years.

“Further details will be announced in due course,” the board said in its statement.

At 1318 BST, shares in ITM Power were up 2.83% at 161.03p.