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ITM Power Plc

ITM Power PLC Launch of Large Scale HRS, Pipeline Increase

ITM Power  Plc (LON:ITM), the energy storage and clean fuel company, has today announced that it will be launching a series of large scale refuelling station designs at Hydrogen + Fuel Cells North America, part of the SolarPower International Conference in Las Vegas.

The large scale refuelling station designs are based around electrolyser configurations of up to 50MW in size with the capability to produce up to 20 tonnes of hydrogen per day. This is in response to industry demand for larger scale industrial installations for refuelling heavy logistics vehicles, such as road haulage vehicles, ships and trains.

Separately, ITM Power announces a significant increase in its order pipeline of £4.87m, which has been added over the last two weeks. The Company currently has £23.54m of projects under contract and £16.67m of contracts in the final stages of negotiation, totalling £40.21m (subject to exchange rate variation).

ITM Power Plc CEO, Dr. Graham Cooley, said: “These new refuelling station designs are being launched in response to a dramatic increase in the number of enquiries for refuelling heavy logistics vehicles at large scale as the viability of hydrogen power continues to gather scale and momentum across a growing number of industrial applications. ITM Power is delighted to be in a prime position to support these important transportation sectors as they plan their transition to a greener vehicle fleet to reduce emissions. Air quality and fossil fuel emissions is now a high priority for governments worldwide.”

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.