Business
Trading & Operations Update
Trading & Operations Update.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 8691Q ITM Power PLC 03 March 2016 \n\n3 March 2016\n \nITM Power plc\n(\"ITM Power\" or \"the Company\")\n \nTrading and Operations Update\n \nITM Power (AIM: ITM), the energy storage and clean fuel company, announces an update on trading and operations. We now have £9.69m of projects under contract and a further £8.98m of contracts in the final stages of negotiation, constituting a total pipeline of £18.67m.\n \nITM Power also has a growing pipeline of qualified quotes for its rapid response electrolyser products for both energy storage and refueling applications. The bulk of enquiries are for larger scale platforms in the range of 0.3MW to 6MW, often including ancillary systems. The availability of several years of field data from our PEM electrolyser systems, along with utility client references in Germany, is proving valuable to potential customers and has played a major role in securing new business opportunities.\n \nRefuelling Stations\n• In the US, we achieved operational status for the Riverside CA fuelling station in record time\n• In the UK, the M1 refuelling station opened in September 2015 is refueling vehicles daily. The station will be upgraded from 350bar to dual 350 & 700bar in July this year.\n• Our first London refueling station, at the National Physical Laboratory in Teddington, will open in May with the second, at the Centre for Engineering and Manufacturing Excellence in East London, opening in July\n• Three UK forecourt refuelling stations will be opened before year end, making a total of five confirmed refuelling stations for delivery in the UK by the end of 2016\n• There are three further UK refuelling stations in the final stages of negotiation\n• ITM Power has become an approved supplier to BOC, part of the Linde group, and an approved subcontractor and supplier to Artelia, the leading fuel forecourt designer and architect \n• The UK Government has reaffirmed its commitment to the findings of the multi-partner UKH2M project for a network of 65 hydrogen refuelling stations to be op...