ITM Power (AIM: ITM) – big share price move on Shell affiliation
The energy storage and clean fuel company’s announcement of a forecourt agreement with Shell has got the share price moving higher!
ITM has announced a strategic siting partnership with Shell for the delivery of Hydrogen Refuelling Stations (HRS) on three Shell retail forecourts in the UK. These three HRS deployments will be the first to be integrated onto forecourts in the UK – great news! The announcement follows news of ITM’s award of £1.89m by OLEV (Office for Low Emission Vehicles) to invest in two new HRS in London at strategic locations suitable for use by Fuel Cell Electric Vehicles (FCEV). Additional financial support of £1.7m is being contributed by the FCH JU (Fuel Cell and Hydrogen Joint Undertaking) to provide…