ukcitymedia news feed

ITM Power to receive £1.8m for 51 Vehicle refuelling station in south of England

ITM Power to receive £1.8m for 51 Vehicle refuelling station in south of England

Wed 6 Feb 2019 07:48 by about : contract wins - 0 Comments - 502 words

ITM Power, the energy storage and clean fuel company, is pleased to note the announcement from OLEV released yesterday, stating "In another boost for the zero emission vehicle and automotive sector, winners of a £14 million competition to fund hydrogen fuel cell vehicle and hydrogen refuelling infrastructure projects have also been announced.  The innovative technology these vehicles use has long range (300+ miles) and fast refuelling (3-5 minutes) capability, and will support the Industrial Strategy Future of Mobility Grand Challenge to place the UK at the forefront of the design and manufacturing of zero emission vehicles."


OLEV has awarded a consortium including ITM Power £3.1m of funding to deliver a 0.5 MW refuelling station and 51 Fuel Cell Electric Vehicles (FCEVs).  ITM Power will receive £1.8m for the refuelling station.  The station will be delivered in the next 12 months.


In total, ITM Power has won sales and project awards of £7.1m over the last eight weeks, bringing the contract backlog to a total of £35.7m, of which £23.2m is under contract and a further £12.5m is in the final stages of negotiation.


ITM Power continues to develop a suite of refuelling stations which will generate revenue from hydrogen sales. 


ITM Power CEO, Dr Graham Cooley, said: "We welcome the continued commitment by OLEV to the rollout of hydrogen infrastructure in the UK and are delighted to be able to announce a major new station in the south of England which both provides fuel for vehicles but also backup capacity for our whole network. Today's announcement of our pipeline numbers reflects very positive progress over the last two months."

These articles are summaries / highlights and dont always include all financial news updates. Check at company website INVESTORS INFORMATION for full published results.

Add a comment



Security key:



ukcitymedia news feed

Please take our RSS Feed and news to your Network and message boards. With thanks


ukcitymedia moderates but does not authenicate postings. Users are reminded that shares and all trading instruments by nature do not always prove to be good investments. Readers are reminded to do your own research. delivers UK stock market news, latest shares news, uk financial news, rns news articles, latest business news, latest uk financial news, stockmarket investment news, business news round-ups. director dealings bulletins, stock market reports, share trading articles, latest finance news, broker recommendations, uk city news, latest financial information. does not offer financial advice.