8th Apr 2016 08:22
LONDON (Alliance News) - Energy storage and fuel company ITM Power PLC said Friday it has signed an agreement with BOC Group, which is part of Linde AG, for the installation of infrastructure at its hydrogen refuelling stations for cars.
ITM said under the deal, industrial gas supplier BOC will source and install Linde Group technology, including hydrogen compressors and dispensers, at ITM's new hydrogen refuelling stations. The Linde Group has a market cap of EUR22.51 billion.
ITM is looking to build a network of hydrogen refuelling stations around the UK, having launched its first site in Rotherham in September 2015. ITM said it has plans and funding under way to deploy eight hydrogen refuelling stations in and around London, and expects to open its first London station in May and the second in July.
"We are delighted to be working with BOC who have a significant leading role in the UK delivering onsite solutions for industrial and fuel gases," said Chief Executive Graham Cooley.
Shares in ITM Power were up 7.2% at 12.06 pence on Friday morning.
By Hannah Boland; [email protected]; @Hannaheboland
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