ITM Power (London: ITM) based in the UK was able to increase bookings by GBP 4.87 million to GBP 23.54 million. Projects for which contracts should be awarded soon have a combined value of GBP 16.67 million, so that the expected backlog is at around GBP 40 million. An intriguing product development is ITM’s recent showcase of a 50-megawatt electrolyzer design at the Las Vegas trade show SPI. It reportedly made it possible to produce 20 tons of hydrogen per day.
ITM Power (NASDAQ: ITMPF) is the first R&D fuel cell business from the UK making the jump onto the British stock exchange. ITM manufacturers power-to-gas systems, H2 filling stations and electrolyzers. Currently, it is working on a module-based electrolyzer that could allow for combinations offering up to 100 MW capacity.
ITM Power has appointed a new managing director to oversee business activities in Germany. The British company announced in mid-September 2016 that Phil Doran would leave Frankfurt and Calum McConnell would take over management of ITM Power. McConnell worked for 19 years at Parker Hannifin, a large US machinery manufacturer, in field such as renewable energy and energy storage.
An energy self-sufficiency project is set to be tested on the Orkney Islands, UK: Hydrogen from wind power will be used for fuel cell range extenders integrated into electric vans to offer clean transportation. In April 2016, twelve partner companies from six EU countries were awarded the contract for this project