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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"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.
RD
-
Sachin Dev Duggal's Builder.ai – the first big AI bustSachin Dev Duggal's Builder.ai start-up claimed it could use artificial intelligence to build apps. Its revenues turned out to be equally artificial
-
How Trump's dog deals will damage global trade with the USOpinion Some commentators are hailing Trump’s trading savvy. Are they right?
