ITM Power

ITM Power is a British manufacturer of polymer electrolyte membrane (PEM) electrolysers, which are used to produce green hydrogen. The company designs, manufactures, and integrates these electrolyser systems for a variety of applications, including power-to-gas, industrial hydrogen production, and hydrogen refueling stations.

Founded in 2000 and headquartered in Sheffield, England, ITM Power has focused on developing and commercializing its PEM electrolyser technology. This technology uses electricity to split water into hydrogen and oxygen, with the hydrogen being collected and stored for later use. The company differentiates itself through its large-scale electrolyser module designs and its focus on addressing the challenges of integrating electrolysers with renewable energy sources.

ITM Power's business model involves the sale of electrolyser systems, as well as providing ongoing service and maintenance. Their target markets include industrial companies seeking to decarbonize their operations, energy companies looking to store and transport renewable energy, and transportation companies aiming to transition to hydrogen-powered vehicles. The company has undertaken projects in various countries and collaborates with a range of partners, including industrial gas companies, energy providers, and research institutions.

ITM Power is listed on the London Stock Exchange (LSE: ITM). The company's financial performance is closely tied to the growth of the hydrogen economy and government policies that support the deployment of hydrogen technologies. As such, its prospects are influenced by factors such as the availability of renewable energy, the cost of electricity, and the development of hydrogen infrastructure.