ITM Power (ITM)

Sector:

Energy Producers

Index:

FTSE AIM 50

55.45p
   
  • Change Today:
      0.15p
  • 52 Week High: 98.58
  • 52 Week Low: 45.12
  • Currency: UK Pounds
  • Shares Issued: 616.98m
  • Volume: 680,868
  • Market Cap: £342.12m
  • RiskGrade: 405

ITM Power sells electrolyser to partner Linde

By Josh White

Date: Monday 19 Apr 2021

LONDON (ShareCast) - (Sharecast News) - ITM Power announced the sale of an 'HGas3SP' 2MW electrolyser and supporting equipment to its partner Linde on Monday, for the H2Pioneer project in Austria.
The AIM-traded firm said one of the main goals of the project was demonstrating the production of green hydrogen on-site to be used in semiconductor production, mostly replacing the supply of liquified hydrogen delivered in trailers.

It said the electrolyser system would produce green hydrogen, and after further purification by Linde, the hydrogen produced will be "ultra-pure" for semiconductor manufacture.

ITM Power said it was an industry that Linde understood "very well", and for which it had a number of existing customers globally.

The use of electrolysis would simplify downstream hydrogen purification, and minimise delivery logistics while helping to reduce carbon dioxide emissions from the hydrogen supply chain.

"We are delighted to announce this project, our first in Austria and our first for the semiconductor industry," said chief executive officer Dr Graham Cooley.

"We will work very closely with our key partner Linde and it is pleasing that this first sale to Austria also takes us into a new industry."

At 0818 BST, shares in ITM Power were up 0.05% at 495.27p.

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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 55.45p
Change Today 0.15p
% Change 0.27 %
52 Week High 98.58
52 Week Low 45.12
Volume 680,868
Shares Issued 616.98m
Market Cap £342.12m
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
15:04 125 @ 55.70p
15:03 1 @ 55.46p
15:03 3 @ 55.89p
15:02 1,031 @ 55.60p
15:02 1,031 @ 55.55p

ITM Power Key Personnel

Finance Director Andy Allen

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