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14 Jan 2019 | 08:44

ITM Power marks entry into Australia with sale of four electrolyser systems

ITM Power, an energy storage and clean fuel company, said Monday it had sold four electrolyser systems to three different customers across Australia.

The four deployments represented an 'important step' as the company ventured into 'significant new territory' and would serve as reference plants for ITM Power technology in both the mobility and industrial hydrogen sectors in Australia, ITM Power said. 'We are delighted to have secured our first standard product sales in Australia. The roll-out of these units starts to create a critical mass to deploy after-sales support and spares, both of which create customer confidence for future tender opportunities and give ITM Power an early mover advantage in this important new market,' said Dr Neil Thompson, MD, ITM Power.

At 8:44am: (LON:ITM) ITM Power PLC share price was -1.25p at 20.35p

Story provided by StockMarketWire.com
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