INTERVIEW: ITM Power Plc – Hugely symbolic announcements say Zeus Capital

ITM Power Plc (LON:ITM) are the topic of conversation when Dr Tom McColm research director at Zeus Capital discusses the latest two announcements from the company on power-to-gas storage. Tom explains what this is exactly and how ITM’s technology and business fit in with it.

ITM Power Plc manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. The Company received £4.9m as a strategic investment from JCB in March 2015. The Company signed a forecourt siting agreement with Shell in September 2015. The Group currently has £18.27m of projects under contract and a further £2.79m of contracts in the final stages of negotiation, totaling £21.06m, subject to exchange rate variation. ITM Power is a founder member of the Social Stock Exchange.

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