ITM shakes hands over renewable power deal
ITM Power, an energy storage and clean fuel company, has teamed up with GMI Renewable Energy on a renewable power project.
ITM Power, an energy storage and clean fuel company, has teamed up with GMI Renewable Energy on a renewable power project.
The pair are to offer integrated renewable power generation and hydrogen production for back-up power, industrial processes and refuelling solutions for materials handling equipment in commercial buildings.
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ITM Power Chief Executive Officer, Dr Graham Cooley, said: "A fully integrated renewable energy system which includes hydrogen fuel for applications like back up power, forklifts and pallet trucks is a unique market offering".
The share price fell 3.15% to 50p by 09:35.
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