ITM Power gets EU go-ahead
ITM Power, which specialises in energy storage and clean fuel, said it had CE compliance for its transportable hydrogen refuelling system, allowing commercial sales to begin in the EU.
ITM Power, which specialises in energy storage and clean fuel, said it had CE compliance for its transportable hydrogen refuelling system, allowing commercial sales to begin in the EU.
A CE mark signals compliance with EU Directives and therefore enables free movement of a product within the European Market.
ITM said few of its competitors had achieved CE compliance for their products.
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
Chief executive, Graham Cooley, said compliance has been a significant part of the product development process and its execution represented a "huge achievement".
"At a time when the UK Government has demonstrated commitment to hydrogen as a transport fuel through the UKH2Mobility programme, we are delighted to be able to show how our technology has transitioned to product," he said.
ITM's shares gained almost 6% following the announcement.
It has been a good few days for ITM investors who also saw their shares rise significantly last week after the company announced a tie up with UK retailing giant Marks & Spencer.
Using ITM's platform to generate hydrogen, a six week trial will see M&S using several fuel cell vehicles as a direct substitute for part of the existing battery powered fleet.
The move is part of M&S's"Plan A" initiative which aims to deliver zero emission vehicles which offer a two minute refuel time.
However, shares are still down over 30% since this time last year.
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.
-
What is the 25x retirement rule and does it work?
The 25x retirement rule has been around for decades but many experts question if it is a suitable strategy
-
When is the self-assessment tax return deadline?
If you are self-employed, rent out a property or earn income from savings or investments, you may need to complete a self-assessment tax return. We run through the deadlines you need to know about