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ITM Power provides trading update

ITM Power provides trading update

ITM Power says it has a record backlog of £52.4m as the clean energy storage company this week provided a trading update.

According to the UK company, the market for electrolysis is growing very strongly due to the changing perspectives of industrial leaders and policymakers.

In the last year, the offshore wind and gas sectors have started to advocate green hydrogen as the means for sustaining their long-term business models.

At the same time, in the transport sector, a renewed focus has been placed on the development of zero emission heavy vehicles, where fleets need to be refuelled with large amounts of hydrogen on a regular basis.

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