ITM Power achieves first sale in Russia
ITM Power said on Tuesday it made its first sale in Russia to an undisclosed company.
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
Sign up for MoneyWeek's newsletters
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.
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%
Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the US
Medium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.