Within the past 11 weeks, the clean energy company ITM Power has signed new contracts worth a total of £5.66 million. The British company said it has currently £22.64 million of projects under contract and a further £1.72 million of contracts in the final stages of negotiation.
“The bulk of enquiries continue to be for 0.3MW to 6MW, often including ancillary hydrogen energy systems and after sales support contracts,” ITM said in an update on trading and operation covering the period since the £5.7 million Working Capital Fundraise at the start of this year.
The Sheffield-based company also said it noted a growing "pipeline of quotes in response to customer tenders for its MW scale rapid response electrolyser products in energy storage, refuelling and chemical synthesis applications."
Since January, ITM Power's total project pipeline has increased to £24.36 million, up from £18.35 million as posted in the company's latest Interim Results on 26 January 2017. At the time, the company said it has £16.98 million of projects under contract.
Power-to-Gas
As for Power-to-Gas and MW Scale electrolysis, it has contracted 5.25MW of large electrolysis equipment in 2016 and a further 3.5MW in Q1 2017.
The system is pre-qualified for Enhanced Frequency Response requiring <1 second response time and has 3-years grid balancing and gas grid injection experience with a reference customer in Germany. ITM will be exhibiting a 2MW electrolyser system at the Hannover Messe that will run from April 24-28.
In the UK, the HyDeploy P2G project with National Grid and Northern Gas Networks under contract and it has also installed several hydrogen refuelling stations that are supported by Whitehall’s £23 million funding competition for FCEVs and HRS infrastructure.