ITM Power (ITM)

Sector:

Energy Producers

Index:

FTSE AIM 50

51.00p
   
  • Change Today:
    -0.100p
  • 52 Week High: 98.58
  • 52 Week Low: 45.12
  • Currency: UK Pounds
  • Shares Issued: 616.88m
  • Volume: 1,656,207
  • Market Cap: £314.61m
  • RiskGrade: 405

ITM Power gets UKCA marking for electrolyser stack

By Josh White

Date: Friday 30 Jun 2023

LONDON (ShareCast) - (Sharecast News) - ITM Power announced on Friday that its MEP30 electrolyser stack has achieved UKCA marking.
The AIM-traded firm explained that, with the requirement for products deployed in the UK market after 31 December 2024, to bear the marking, it positioned ITM Power as a reliable UK-based partner for green hydrogen projects.

It explained that the UKCA marking certified that products comply with legislation coming into effect during the development and execution of green hydrogen projects.

ITM Power's MEP30 electrolyser stack is a self-pressurized stack that also retained its CE marking for the European Economic Area (EEA) market.

The stack forms the core component of ITM Power's proton exchange membrane (PEM) electrolyser product portfolio.

"Staying one step ahead, ITM are also the first to announce UKCA accreditation, future proofing and demonstrating continual developing of their products ensuring compliance with legislation crucial to serve the UK market," the company's board said in its statement.

"The legislation has been factored into the product design with the marking applied for in advance of the legal changes taking effect to ensure continuity and no disruption to the decarbonisation efforts in the UK."

At 1359 BST, shares in ITM Power were down 0.07% at 73.5p.

Reporting by Josh White for Sharecast.com.

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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 51.00p
Change Today -0.100p
% Change -0.20 %
52 Week High 98.58
52 Week Low 45.12
Volume 1,656,207
Shares Issued 616.88m
Market Cap £314.61m
RiskGrade 405

ITM Power Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.30% above the market average3.30% above the market average3.30% above the market average3.30% above the market average3.30% 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
77.24% below the market average77.24% below the market average77.24% below the market average77.24% below the market average77.24% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Income Not Available
Growth
32.53% above the market average32.53% above the market average32.53% above the market average32.53% above the market average32.53% 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 29-Apr-2024

Time Volume / Share Price
16:35 77,214 @ 51.00p
16:35 20,000 @ 51.00p
16:35 12,908 @ 51.00p
16:35 170,559 @ 51.00p
16:35 822 @ 51.00p

ITM Power Key Personnel

Finance Director Andy Allen

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