ITM Power's Hydropulse signs terms for 150 MW green hydrogen project
ITM Power PLC (AIM:ITM), the green hydrogen technology company, said its Hydropulse subsidiary has signed preliminary terms with a European oil refinery for a 150 megawatt project that could become its largest commercial commitment to date. The proposed development would use ITM Power's Alpha electrolyser platform to produce green hydrogen on site under a 10-year agreement.
ITM Power rises 5% on loss outlook as Peel Hunt keeps 'hold'
ITM Power PLC (AIM:ITM) shares rose 5% to 94.00p as the electrolyser manufacturer narrowed its expected adjusted EBITDA loss for FY2026. Despite the improved guidance, Peel Hunt retained its 'hold' rating and 92.0p target price, citing continued delays to major hydrogen projects.
ITM Power upgrades 2026 loss guidance ahead of results
ITM Power PLC (AIM:ITM), which makes electrolysers for green hydrogen production, has upgraded its loss guidance for the 2026 financial year ahead of its annual preliminary results. The company now expects an adjusted EBITDA loss of £20 million to £21 million for the year ended 30 April 2026, a 38% year-on-year improvement.
ITM Power banks £46.5 million grant from UK government
ITM Power PLC (AIM:ITM) said a £46.5 million grant from the Department for Energy Security and Net Zero has been formally awarded, giving the electrolyser maker public-sector backing for its next-generation Chronos manufacturing line in Sheffield. The grant, first announced in April, comes alongside a £40 million equity investment from Great British Energy.
Jefferies lifts targets on ITM Power and Ceres Power as rally tests 2021 valuations
ITM Power PLC (AIM:ITM) and Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF) have staged two of the most dramatic recoveries on the London market this year, with their shares up 160% and 230% respectively since January. Jefferies has responded by sharply upgrading its price targets on both stocks while sounding a note of caution about valuations that are beginning to echo the hydrogen hype of 2021.
ITM Power soars on new Rheinmetall venture
ITM Power PLC (AIM:ITM) shares soared, rising more than 35% to 127.56p, after it announced it has teamed up with Rheinmetall AG on a defence-focused synthetic fuels project that could open a repeatable route for large-scale electrolyser deployments, as the pair target a planned Europe-wide network of decentralised e-fuel plants for NATO armed forces. The collaboration centres on Rheinmetall's Giga PtX project, which is designed to strengthen defence energy resilience, sovereign fuel capability and operational readiness.
ITM Power shares boosted as it lands £86.5m of govt backing
ITM Power PLC (AIM:ITM) shares advanced on Thursday, climbing around 12% to 72p, after announcing it had secured £86.5 million of UK government backing to build a 1GW manufacturing line for its next-generation Chronos electrolyser stack technology in Sheffield, giving the hydrogen specialist a sizeable balance-sheet lift and a clearer route to scaling domestic production. The package includes a £40 million strategic equity investment from Great British Energy and a proposed £46.5 million grant from the Department for Energy Security and Net Zero.
ITM Power up after winning more international contracts
ITM Power PLC (AIM:ITM) said it has secured two engineering contracts with a combined capacity of 70 MW, sending its shares up 6% to 66.3p. The first award is a basic design engineering package for an industrial customer in Australia, deploying multiple units of its Neptune V containerised green hydrogen plant.
ITM Power is signed up for German energy infrastructure projects
ITM Power PLC (AIM:ITM) has been selected by Stablegrid Group to supply technology for two energy infrastructure projects in Germany with a combined capacity of 710 MW. The projects will use electrolysers to support grid balancing by converting surplus renewable power into hydrogen stored in underground caverns.
ITM: Yield Is Most Unattractive Here
VanEck Intermediate Muni ETF tracks intermediate-term, investment-grade municipal bonds, offering tax-free income but only middling returns for the risk taken. ITM's low fees (0.18%) and index-tracking approach provide diversification and lower interest rate risk but limit income potential compared to more selective strategies. Tax-equivalent yields make ITM best suited for investors in higher tax brackets; those below a 24% marginal rate may find better after-tax returns elsewhere.
ITM Power shares advance on FEED contract
ITM Power PLC (AIM:ITM) shares advanced in Monday morning's deals, after it announced the signing of a Front-End Engineering Design (FEED) contract for a hydrogen project shortlisted in the UK's Hydrogen Allocation Round 2. The FEED will cover multiple 'NEPTUNE V' units, each of which will be a 5MW containerised green hydrogen plant.
ITM Power inks 20MW supply deal for Welsh hydrogen project
ITM Power PLC (AIM:ITM) has signed a supply agreement and binding heads of terms for a long-term services deal with MorGen Energy for the 20MW West Wales Hydrogen project at Milford Haven, UK. The project is part of the UK Government's Hydrogen Allocation Round 1 programme and has secured permits.
