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ITM Power reports surge in orders

Year-end cash is forecast to be at least £25mn better than original guidance
ITM Power reports surge in ordersPublished on January 31, 2025
  • New Neptune product attracting interest
  • Immaterial revenue from US market

ITM Power (ITM) disclosed a record contract backlog as its Neptune electrolyser system products struck a chord with customers, and the Aim-traded manufacturer raised its annual cash guidance after an improved performance in the first half. 

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