ITM Power ( (GB:ITM) ) just unveiled an update.
ITM Power has been selected by EDF Renewables UK and Hynamics to execute a plant integration engineering package for the Tees Green Hydrogen project, part of the UK’s Hydrogen Allocation Round 1. This project, which previously received funding from the UK’s Net Zero Hydrogen Fund, involves integrating four NEPTUNE II units to supply green hydrogen, aiding in local industry decarbonization and reducing industrial pollution.
More about ITM Power
ITM Power, founded in 2000 and listed on the AIM market of the London Stock Exchange in 2004, is headquartered in Sheffield, England. The company specializes in designing and manufacturing electrolysers using proton exchange membrane (PEM) technology to produce green hydrogen from renewable electricity and water.
YTD Price Performance: -20.17%
Average Trading Volume: 2,497,149
Technical Sentiment Signal: Strong Buy
Current Market Cap: £166.7M
See more data about ITM stock on TipRanks’ Stock Analysis page.