29th Jun 2016 08:35
LONDON (Alliance News) - Energy storage and clean fuel company ITM Power PLC on Wednesday said it has sold an integrated hydrogen refuelling station with on-site generation to Hydrogene de France.
The deal will be worth around EUR1.5 million to ITM Power before follow-on contracts, including maintenance work, it said.
The station will be commissioned in mid-2017 with HdF to operate the station under a push to grow hydrogen refuelling assets in France.
"We are delighted to be working with HDF on this important sale for ITM Power. France is becoming a leader in the development of hydrogen mobility infrastructure and we look forward to further sales," said Graham Cooley, ITM's chief executive.
ITM shares were up 1.9% to 16.81 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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