ITM power, the energy storage and clean fuel group, has released financial results for the year ended 30th April 2017.
The group currently has £17.8m under contract and a further £17.6m in the final stages of negotiation, constituting a total pipeline of £35.5m having recognised £6.3m of income in Q2 2017.
Total revenue and grant funding reached £9.2m, up 13% on the prior year, and an Increase in property and plant equipment has left the company with a net book value of £4.6m from £3.0m, up 53%.
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