ITM Power (ITM)

Sector:

Energy Producers

Index:

FTSE AIM 50

55.70p
   
  • Change Today:
      0.40p
  • 52 Week High: 98.58
  • 52 Week Low: 45.12
  • Currency: UK Pounds
  • Shares Issued: 616.98m
  • Volume: 618,675
  • Market Cap: £343.66m
  • RiskGrade: 405

German researchers develop hydrogen paste fuel

By Alexander Bueso

Date: Tuesday 16 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Researchers at Germany's Fraunhoder Institute have developed a hydrogen paste that some pundits believe may revolutionise the industry.
According to Business Insider, the new technology works on the basis of cartridges that can be replaced, leaving drivers with only a water tank needing to be refuelled.

The driving range offered by the paste is reportedly comparable - when not greater - to that of gasoline and the technology may also be applicable for use in drones.

"POWERPASTE stores hydrogen in a chemical form at room temperature and atmospheric pressure to be then released on demand," institute research associate Dr. Marcus Vogt said.

The product, which was a magnesium base, reportedly had ten times the energy storage density of batteries.

A pilot plant with an annual production of four tonnes of POWERPASTE was scheduled to come online later in 2021 at the Fraunhofer Project Center for Energy Storage and Systems in the German city of Braunschweig.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ITM Power Market Data

Currency UK Pounds
Share Price 55.70p
Change Today 0.40p
% Change 0.72 %
52 Week High 98.58
52 Week Low 45.12
Volume 618,675
Shares Issued 616.98m
Market Cap £343.66m
RiskGrade 405

ITM Power Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.40% above the market average0.40% above the market average0.40% above the market average0.40% above the market average0.40% above the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Price Trend
64.37% below the market average64.37% below the market average64.37% below the market average64.37% below the market average64.37% below the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average
Income Not Available
Growth
33.48% above the market average33.48% above the market average33.48% above the market average33.48% above the market average33.48% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 5
Buy 4
Neutral 5
Sell 5
Strong Sell 0
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ITM Power Dividends

No dividends found

Trades for 17-May-2024

Time Volume / Share Price
14:48 559 @ 55.62p
14:46 1 @ 55.95p
14:44 626 @ 55.70p
14:43 705 @ 55.70p
14:43 10,000 @ 55.17p

ITM Power Key Personnel

Finance Director Andy Allen

Top of Page