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ITM Power achieves first sale in Russia

ITM Power said on Tuesday it made its first sale in Russia to an undisclosed company.

by: moneyweek
12 Mar 2013

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.

"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

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