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ITM Power ( (GB:ITM) ) has shared an announcement.
ITM Power PLC has entered into a contract with a European energy company to develop a standard design for a 10MW green hydrogen production plant using its NEPTUNE V systems. This collaboration aims to support the UK’s goal of reaching 6GW installed capacity of green hydrogen by 2030, and highlights ITM’s industry leadership and the rapid deployment capabilities of their technology.
More about ITM Power
ITM Power PLC, founded in 2000 and listed on the AIM market of the London Stock Exchange in 2004, is headquartered in Sheffield, England. The company designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen using renewable electricity and water.
YTD Price Performance: 0.28%
Average Trading Volume: 2,714,135
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £221M
For a thorough assessment of ITM stock, go to TipRanks’ Stock Analysis page.
