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Last 24.75 GBp
Change Today -0.125 / -0.50%
Volume 2.9K
As of 11:35 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

itm power plc (ITM) Snapshot

24.00 GBp
Previous Close
24.88 GBp
Day High
24.75 GBp
Day Low
24.00 GBp
52 Week High
01/13/15 - 36.00 GBp
52 Week Low
10/16/14 - 18.00 GBp
Market Cap
Average Volume 10 Days
-0.03 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for ITM POWER PLC (ITM)

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itm power plc (ITM) Details

ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage and clean fuel production in the United Kingdom. The company develops equipment to absorb excess renewable energy to generate hydrogen gas to decarbonize gas networks; generate hydrogen fuel from renewable energy and water; and reduce dependence on fossil fuels by decarbonizing the production of the polluting chemicals. It offers HGas for power-to-gas applications; HFuel, a self-contained module for refueling hydrogen-powered road vehicles and forklift trucks; and HPac, a proton-exchange membrane electrolyser. The company is also involved in the research and development of scientific and engineering projects; development and manufacture of prototype products; and sale of electrolysis equipment and hydrogen storage solutions. ITM Power Plc was incorporated in 2004 and is headquartered in Sheffield, the United Kingdom.

72 Employees
Last Reported Date: 08/8/15
Founded in 2004

itm power plc (ITM) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: 290.0K GBP
Chief Technology Officer, Director, Member of...
Total Annual Compensation: 152.0K GBP
Compensation as of Fiscal Year 2015.

itm power plc (ITM) Key Developments

ITM Power Launches RWE Power-to-Gas Plant in Ibbenbren, North Rhine Westphalia

ITM Power has launched the RWE power-to-gas plant in Ibbenbren, North Rhine Westphalia. The plant is part of a new system that, for the first time ever, links together the supply of local electricity, natural gas and district heating. Any excess electricity from renewable sources is converted into hydrogen so it can be stored within the natural gas network. It can then be recalled from there at a later date for use in electricity production that boasts an extremely high utilisation rate. This power-to-gas process is seen as one of the key technologies for future energy supply. A central element of the power-to-gas plant is an electrolyser the size of a shipping container, which was built by the ITM Power. The electrolyser converts into hydrogen any power from renewable sources such as solar panels or wind turbines that is not immediately required. It is then injected into the natural gas network via a gas pressure regulation station where the waste heat of the electrolyser is also utilised. In times of low renewable power production, the previously stored natural gas can be siphoned off from the storage facility and used in a co-generation plant within the RWE district heating network in Ibbenbren to generate power. The combined heat and power generation system used there also leads to much better power utilisation due to this new system solution. The power-to-gas plant of RWE in Ibbenb?ren has a rated power output of 150 kilowatts and creates hydrogen under 14-bar pressure.

ITM Power Plc Reports Consolidated Earnings Results for the Year Ended April 30, 2015

ITM Power Plc reported consolidated earnings results for the year ended April 30, 2015. For the year, the company reported revenue of £1.6 million compared to £1.1 million, loss from operations of £5.7 million compared to £8.0 million, loss before tax of £5.7 million compared to £8.0 million, loss of £5.6 million or 3.4 pence per basic and diluted share compared to £7.8 million or 5.9 pence per basic and diluted share, net cash used in operating activities of £6.7 million compared to £6.7 million and purchases of property, plant and equipment of £1.5 million compared to £0.93 million for the last year.

ITM Power Plc Appoints Robert Pendlebury as Non-Executive Director

ITM Power Plc announced the appointment of Mr. Robert Pendlebury as a non-executive director of the company. Bob joins the board with immediate effect and will represent J.C.B. Research Limited. Robert Michael Pendlebury, 73, has worked in senior management positions in both Ford Motor Company and J C Bamford Excavators Limited. His early career was devoted to the design and development of Ford commercial vehicles including the Ford Transit and Ford Cargo truck range. His final role there was Transit Vehicle Development Manager responsible for the whole range of vehicles built in several European locations. This was Ford's most successful vehicle in Europe for over 25 years.


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Price/Book 4.3x
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