Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

ITM Gets GBP1.5M Grant For Welsh Energy Project

4th Oct 2013 07:45

LONDON (Alliance News) - ITM Power PLC Friday said it has been given a GBP1 million grant award from the Welsh Government to establish a subsidiary to assist with the establishment of a hydrogen refuelling infrastructure in Wales.

ITM said its new subsidiary ITM Motive will initially establish a business development office in Cardiff with a sales team.

ITM Motive will work closely with the Baglan Hydrogen Energy Centre at the University of South Wales and Ynni Glan, the clean energy consultancy specialising in fuel cells, hydrogen, solar, wind and bioenergy, on the development of a Welsh hydrogen refuelling infrastructure.

By Anthony Tshibangu; [email protected]; @AnthonyAllNews

Copyright 2013 Alliance News Limited. All Rights Reserved.


Related Shares:

Itm Power
FTSE 100 Latest
Value8,809.74
Change53.53