Energy storage specialist ITM Power (LON:ITM) expects pre-tax results this year will be in line with market forecasts.
The company, which has developed technology to convert electricity into hydrogen, currently has £12.9mln of projects under contract and a further £2.8mln of contracts in the final stages of negotiation.
Graham Cooley, chief executive said: "Customer engagement with our energy storage and grid balancing products and with our hydrogen refuellers is at an all-time high. The project and quotation pipeline as a result has been steadily growing in both applications.
"ITM Power enjoys a strong foothold in Germany with its PEM Power-to-Gas technology and is building a valuable portfolio of refuelling stations in the UK centred on London, which will provide strong commercial experience in the manufacture, deployment and operation of Hydrogen Refuelling Stations."
The company has two large scale Power-to-Gas plants operational in Germany, one with the Thüga Group and the other with RWE. These are the only Power-to-Gas projects utilsing PEM electrolysis deployed in the world.
In April, it launched a new 1Mw stack module for use in both refuelling and energy storage applications. It can fit more electrolysis into a smaller footprint, reducing the amount of stacks needed in products.
ITM Power also has a portfolio of Hydrogen Refuelling Station (HRS), two of which are running, five under construction and four at the development stage.
HyFIVE, an EU funded project (with car makers BMW, Daimler, Honda, Hyundai and Toyota), is also setting up three stations in London, while H2ME, another EU project and launched in June 2015, will deploy a further two HRS in London.
ITM Power has a fuel retail partner for these two sites and is looking for sites for a further four stations in London.