Business
12MW Electrolyser Sale
12MW Electrolyser Sale.
About this update from Itm Power Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3083S\n ITM Power PLC\n 15 November 2021\n \n \n \n 15 November 2021\n \n \n \n \n ITM Power plc\n \n \n (\"ITM\", \"ITM Power\", the \"Group\" or the \"Company\")\n \n \n \n \n \n 12MW Electrolyser Sale\n \n \n \n \n \n ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has signed a contract for delivery of 12MW of electrolysis equipment to be deployed in 2022, and recognised in the 2022/23 financial year. The customer and location remain confidential due to commercial sensitivities. This project was already included within the contracts backlog (in negotiation) and now moves into work in progress.\n \n \n \n For further information please visit \n www.itm-power.com\n or contact:\n \n \n \n \n \n \n \n \n \n ITM Power plc\n \n \n \n \n \n \n \n \n James Collins, Investor Relations\n Justin Scarborough, Investor Relations\n \n \n \n +44 (0)114 551 1205\n \n +44 (0)114 551 1080\n \n \n \n \n \n \n \n \n \n \n \n \n \n Investec Bank plc (Nominated Adviser and Broker) \n \n \n \n +44 (0)20 7597 5970\n \n \n \n \n \n Jeremy Ellis / Chris Sim / Ben Griffiths\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Tavistock (Financial PR and IR)\n \n \n \n +44 (0)20 7920 3150\n \n \n \n \n \n Simon Hudson / David Cracknell / Tim Pearson\n \n \n \n \n \n \n \n \n \n \n \n About ITM Power plc:\n ITM manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. In October 2019, the Company announced the completion of a £58.8m fundraising, including an investment by Linde of £38m, together with the formation of a joint venture to deliver renewable hydrogen to large-scale industrial projects worldwide. In November 2020, ITM Power completed a £172m fundraising, including a £30m investment by Snam, one of the world's leading energy infrastructure operators. in January 2021, the Company received an order for the world's then largest PEM electrolyser of 24MW from Linde. In October 2021, the Company, with Linde, announced the deployment of a 100MW electrolyser at Shell's Rhineland refinery, follow...