ITM Power Plc (LON:ITM) is the topic of discussion when Zeus Capital Research Director Tom McColm caught up with DirectorsTalk to talk about the first hydrogen station to be situated on the UK’s busiest refuelling station. Tom talks us through the news, his thoughts on the future of transport, why he thinks Tesla Inc (LON:TSLA) CEO Elon Musk is appears to be skeptical and what we should be looking for to drive the company share price in the near to medium term.
ITM Power Plc manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals. The company was admitted to the AIM market of the London Stock Exchange in 2004. The Group currently has £16.87m of projects under contract and a further £1.36m in the later stages of negotiation (£18.23m in total).