In November 2016 Intelligent Energy (IE) ceased its energy management agreement with the Indian telecom infrastructure company GTL. This contract had produced large revenues but little profit. The original hope, that this would open the large telecom tower market to IE’s fuel cells, was apparently not working out. IE is now fully focused on fuel [...]

At an investors’ meeting on 21 September Intelligent Energy forecasted revenue for their financial year to end September 2016 of £90 million (2015: £78 m) for a loss before interest, tax, depreciation and amortisation of  £42 m (2015: £46 m). Cash and cash equivalents are expected to be over £20 m (2015: £24 m). Share [...]