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Enhanced product range for Power-to-Gas market from ITM Power

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ITM Power (LON:ITM) is to launch a new electrolyser range at the Hannover Messe trade fair in April that produces 50% more hydrogen from the same stack volume.

A new 350 kilowatt (kW) single stack with a three stack one megawatt (Mw) offering will also be on show and for sale at the event in Germany.

ITM said it now has £8.686mln of projects under contract and a further £2.496mln of new projects subject to final contract negotiation.

This reflects the successful conclusion of a number of negotiations and the receipt of revenue for existing projects.

New orders from two German technical universities for reference plants based on its HPac platform for use in power-to-gas applications had also been received.

ITM Power will now have four reference plant installations in Germany including these two new orders.

Quick facts: ITM Power PLC

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Price: 432.8 GBX

Market Cap: £2.38 billion

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