ITM Power designs and manufactures hydrogen energy systems for energy storage and clean fuel production. In the year ending April 2011: - They achieved their first product revenues which were above expectations. - They received £1.09 million in grants from the UK government and have secured an additional £1.2 million in future grants. - They are positioned for future growth with unique hydrogen generation technology, an early focus on developing product revenues, and opportunities in rapidly developing hydrogen markets globally.