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ITM Power ( (GB:ITM) ) just unveiled an announcement.
ITM Power has entered into a partnership with Deutsche Bahn AG to advance sustainable transportation and infrastructure, focusing on green hydrogen and its derivatives. This collaboration aims to support Deutsche Bahn’s goal of achieving climate neutrality by 2040 through the conversion of its fleet to low and zero-emission vehicles and the development of necessary green energy infrastructure. The partnership will explore decarbonizing technologies, zero-emissions operations, energy resilience, and green energy logistics, potentially impacting the transportation sector’s shift towards sustainability.
More about ITM Power
ITM Power, founded in 2000 and headquartered in Sheffield, England, specializes in designing and manufacturing electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen using renewable electricity and water. The company was admitted to the AIM market of the London Stock Exchange in 2004.
YTD Price Performance: -24.99%
Average Trading Volume: 2,530,901
Technical Sentiment Signal: Strong Buy
Current Market Cap: £165.3M
Learn more about ITM stock on TipRanks’ Stock Analysis page.
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