- Energy storage company ITM Power reported narrower first-half losses following a rise in revenue.

For the half-year to 31 October 2021, gross loss was narrowed to £2.4 million from £2.8 million year-on-year as revenue increased to £4.1 million from £0.2 million.

Looking ahead, the company said revenue was still expected to be heavily weighted to the second half of the year.

Full year guidance of 33 to 50 MW was maintained.

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