ITM Power anticipates slight delay in testing of Leuna modules

Energy storage and clean fuel company ITM Power said on Wednesday that there would now be a slight delay in factory acceptance testing on some of the modules associated with its 24 MW Leuna contract.

ITM Power, which originally expected all 12 modules would be concluded by late April, stated that it had experienced "a constraint" in local supply chains involving tooling for the scale-up of stack manufacture and as a consequence, now expects the majority, but not all, of the modules to complete FAT in April.

The London-listed firm said the balance of modules not complete at the end of next month was now expected to complete early in its new financial year.

"A longer-term solution for this supply chain constraint has already been defined and implemented, the benefit of which will be felt in the new financial year," said ITM.

As of 0915 GMT, ITM Power shares were down 2.91% at 347.60p.