ITM Power PLC Notice of Trading Update (1214U)
01 Diciembre 2021 - 01:00AM
UK Regulatory
TIDMITM
RNS Number : 1214U
ITM Power PLC
01 December 2021
1 December 2021
ITM Power plc
("ITM Power" or the "Company")
Notice of Trading Update
ITM Power (AIM: ITM), the energy storage and clean fuel company,
announces that it will issue a Trading Update, to report on
progress during the six month period ended 31 October 2021 and to
disclose the current pipeline, on Thursday 16 December 2021. There
will be an analyst call on the day at 1500h GMT. Those analysts
wishing to
join the call should register to receive an invitation by contacting ir@itm-power.com .
The presentation given on the call will be available on the
Company's website from 1500h GMT and will contain no new material
disclosable information not in the Trading Update.
For further information please visit www.itm-power.com or
contact:
ITM Power plc
James Collins, Investor Relations +44 (0)114 551 1205
Justin Scarborough, Investor Relations +44 (0)114 551 1080
Investec Bank plc (Nominated Adviser
and Broker) +44 (0)20 7597 5970
Jeremy Ellis / Chris Sim / Ben Griffiths
Tavistock (Financial PR and IR) +44 (0)20 7920 3150
Simon Hudson / Tim Pearson / David
Cracknell
About ITM Power plc:
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 GBP58.8m
fundraising, including an investment by Linde of GBP38m, 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 GBP172m fundraising, including a GBP30m
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,
following the start-up of an initial 10MW facility at the site.
ITM Power operates from the world's largest electrolyser factory
in Sheffield with a capacity of 1GW (1,000MW) per annum, with the
announced intention to build a second UK Gigafactory in Sheffield
with a capacity of 1.5GW expected to be fully operational by the
end of 2023. The Group's first international facility, expected to
have a capacity of 2.5GW per annum, is intended to be operational
by the end of 2024, bringing total Group capacity to 5GW per annum.
Customers and partners include Sumitomo, Ørsted, Phillips 66,
Scottish Power, Siemens Gamesa, Cadent, Northern Gas Networks,
Gasunie, RWE, Engie, GNVert, National Express, Toyota, Hyundai and
Anglo American among others.
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END
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