ITM Power sells electrolyser and hydrogen energy equipment
Shares in ITM Power surged on Monday after the clean energy storage company announced it had sold some equipment and that it has a pipeline of potential revenue worth nearly £25m.
FTSE AIM All-Share
768.11
17:04 02/05/24
n/a
n/a
ITM Power
49.72p
16:35 02/05/24
0.57%
0.28p
The AIM-listed company sold a 0.5 megawatt electrolyser and some hydrogen energy equipment for £730,000.
It currently has £18.31m of revenue under contract and £6.41m in the final stages of negotiation, making its total pipeline worth £24.72m.
Shares in ITM Power were up 7.25% to 0805 BST.