Clean fuel firm ITM Power has targeted the burgeoning fuel cell electric bus (FCEB) market as its contract pipeline continues to grow.
The company’s order book is on the rise, with £23m ($29.6m) of projects under contract and a further £4.2m ($5.4m) of contracts in the final stages of negotiations.
This constitutes a total pipeline of £27.2m ($35m) – up £2.8m ($3.6m) compared to its last update on 18th April – thanks to securing new contracts within the fuel cell industry.
In total, ITM Power revealed it has signed new development agreements with five original equipment manufacturers (OEMs) on refuelling equipment for FCEBs, three of which are within the UK and two internationally.
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