ITM Power: Gigastack Project's Phase Two Receives GBP7.5 Million Funding
18 February 2020 - 8:03PM
Dow Jones News
By Anthony O. Goriainoff
ITM Power PLC said Tuesday that 7.5 million pounds ($9.8
million) of funding has been awarded for phase two of the Gigastack
renewable hydrogen project as part of the U.K.'s Department for
Business, Energy and Industrial Strategy hydrogen supply
competition.
The London-listed energy storage and clean fuel company said the
project--which includes Orsted, Phillips 66 Ltd. and Element
Energy--aims to show how renewable hydrogen derived from offshore
wind can support the U.K.'s 2050 net-zero greenhouse-gas emission
target.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
February 18, 2020 03:48 ET (08:48 GMT)
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