ITM Power highlights ‘transformational’ year in FY21 results

It’s been another transformational year for ITM Power, CEO Graham Cooley said today (Sep 13) as the UK firm released its full year 2021 results.

Whilst ITM Power reported a loss from operations of £26.7m, its sales revenue jumped 30% to £4.3m, compared to 2020’s £3.3m total.

ITM Power says its contacts backlog sits at £171m, constituting 310MW of electrolysers, up 44% year-on-year.

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