Billionaire Issa brothers’ zero-emission truck start-up saved Transport and infrastructure A Scottish zero-emission vehicles company backed by the billionaire Issa brothers has been saved in a pre-pack administration deal. Opus Restructuring was appointed to oversee the process at Glasgow-based Hydrogen Vehicle Systems (HVS) after the business faced a winding up petition earlier this month. It also faced a winding up petition in October 2024. The [...]
ITM Power: Shares in green hydrogen specialist skyrocket Business Shares in ITM Power soared on Tuesday after the green hydrogen specialist hiked full-year guidance for revenue and cash generation. The London-listed firm said it expects annual revenue of between £25.5m and £26.5m, a 30 per cent increase on its prior forecast of £18m and £22m. It also lifted forecasts for cash generation to between [...]
Ceres: Green hydrogen specialist raises forecast after inking bumper supply deal Energy Green hydrogen and fuel cell specialist Ceres Power has raised its revenue guidance for the year after signing a bumper manufacturing contract with an Asian original equipment manufacturer.
Scotland Extreme E race offers double win and hydrogen testing July 15, 2024 E.ON Next Veloce Racing came out on top in both races at the Scotland Hydro X Prix as Extreme E continued to test its hydrogen car. Drivers Kevin Hansen and Molly Taylor won both races in the second location on the calendar, Dumfries and Galloway, to lead the championship standings by nine points from Acciona [...]
Hydrogen-focused investment trust finds success in private companies May 8, 2024 Hydrogenone Capital Growth, the investment trust focused on cash into clean hydrogen, has reported a strong performance of its underlying holdings, even though its share price has struggled. The trust’s net asset value (NAV) has grown 0.6 per cent since the start of the year, and 3.6 per cent since March 2023, it reported in [...]
Ceres Power’s revenue bounces back after a rocky few years April 15, 2024 Revenue for the fuel cell and hydrogen technology specialist increased from £19.8m to £22.3m, while gross profit jumped from £10.7m to £13.6m, the company's 2023 results revealed.