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ITM Power said on Tuesday it made its first sale in Russia to an undisclosed company.
The fuel cell firm sold its first reference plant based on the company's HPac platform.
"Russia is a fast growing energy market that is beginning to look more seriously at the renewable space," said Chief Executive Officer, Graham Cooley.
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"We are pleased that companies in Russia are looking at the renewable energy sector in general and our products in particular."
The firm added it would market its products more actively in Russia's rapidly growing energy sector.
Shares fell 1.02% to 36.25p at 13:20 Tuesday.
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Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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Average UK house price reaches £300,000 for first time, Halifax saysWhile the average house price has topped £300k, regional disparities still remain, Halifax finds.
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Barings Emerging Europe trust bounces back from Russia woesBarings Emerging Europe trust has added the Middle East and Africa to its mandate, delivering a strong recovery, says Max King
