24 January 2022
ITM Power plc
("ITM Power" or the "Company")
Notice of Half Year Results and Investor Presentation
ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that it will issue its half year results for the six months ended 31 October 2021 on Thursday 27 January 2022. There will be an analyst call on the day at 0930h GMT. Those analysts wishing to join the call should register to receive an invitation by contacting ir@itm-power.com
There will also be a presentation for investors at 1400h GMT on the same day on the Investor Meet Company platform. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 0900h GMT the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet ITM POWER PLC via:
https://www.investormeetcompany.com/itm-power-plc/register-investor
Investors who already follow the Company on the Investor Meet Company platform will automatically be invited.
The presentation given on the calls will be available on the Company's website from 0930h GMT and will contain no new material disclosable information not in the Half Year Report.
For further information please visit www.itm-power.com or contact:
| ITM Power plc |
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| James Collins, Investor Relations | +44 (0)114 551 1205 |
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| Investec Bank plc (Nominated Adviser and Broker) | +44 (0)20 7597 5970 |
| Jeremy Ellis / Chris Sim / Ben Griffiths |
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| Tavistock (Financial PR and IR) | +44 (0)20 7920 3150 |
| Simon Hudson / Tim Pearson / David Cracknell |
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About ITM Power plc:
ITM Power manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power PLC was admitted to the AIM market of the London Stock Exchange in 2004. In October 2019, the Company announced the completion of a £58.8m fundraising, including an investment by Linde of £38m, together with the formation of a joint venture to deliver renewable hydrogen to large-scale industrial projects worldwide. In November 2020, ITM Power completed a £172m fundraising, including a £30m investment by Snam, one of the world's leading energy infrastructure operators. In January 2021, the Company received an order for the world's then largest PEM electrolyser of 24MW from Linde. In October 2021, the Company, with Linde, announced the deployment of a 100MW electrolyser at Shell's Rhineland refinery, following the start-up of an initial 10MW facility at the site. In November 2021, ITM Power raised £250m to accelerate expansion.
ITM Power operates from the world's largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum, with the announced intention to build a second UK Gigafactory in Sheffield with a capacity of 1.5GW expected to be fully operational by the end of 2023. The Group's first international facility, expected to have a capacity of 2.5GW per annum, is intended to be operational by the end of 2024, bringing total Group capacity to 5GW per annum. Customers and partners include Sumitomo, Ørsted, Phillips 66, Scottish Power, Siemens Gamesa, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, GNVert, National Express, Toyota, Hyundai and Anglo American among others.
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