£29m funding will help fulfil backlog of orders
Sheffield hydrogen power specialist ITM Power plans to raise £29.4m through share placing, which the company says will help to fulfil a backlog of orders.
The firm, based in Attercliffe if Sheffield, also plans to move to new larger facilities which will consolidate the group's two current sites and is expected to facilitate annual production capacity of 300MW.
ITM Power also seeks to raise £4.4m through an open offer of new ordinary shares. It says the fundraising is provide working capital to support the delivery of the con... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
