ITM Power Plc (LON:ITM) are the topic of conversation when Zeus Capital Analyst Dr Tom McColm caught up with DirectorsTalk. Tom explains the reason for the publishing of a new note, the key differentiating features that is causing an increased commercial interest and what investors be looking for over the next 12-18 months from ITM to drive the share price.
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. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and is a founder member of the Social Stock Exchange. The company received £4.85m as a strategic investment from JCB in March 2015; signed a forecourt siting agreement with Shell in September 2015 and a fuel agreement with Toyota in October 2015. The Company currently has £22.64m of projects under contract and a further £1.72m of contracts in the final stages of negotiation constituting a total pipeline of £24.36m.