ITM Power on track for global scale
CEO Graham Cooley says scale and costs are now the focus for UK-based ITM Power, following the opening of the world’s biggest electrolyser factory
Last year was a transformative one for ITM Power, a company firmly at the forefront of the emerging UK green hydrogen boom. This year is all about building scale, as it seeks to continue along its impressive growth trajectory. The firm, which manufactures integrated hydrogen energy solutions to utilise renewable energy that would often otherwise be wasted, passed several milestones last year. And the financial markets are certainly impressed, with its share price rocketing from just over 80p at the start of 2020 to 636p. During 2020, it entered into a strategic partnership with Italian gas infrastructure company Snam, which bought a €33mn ($40mn) stake in the firm. And this was just part of
Also in this section
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter
16 April 2024
European Commission to provide list of approved certifiers in a move that is expected to help unlock investment in the sector
9 April 2024
Higher country-level risk and green hydrogen project execution risks are driving up financing costs, according to the Hydrogen Council and McKinsey
4 April 2024
EET’s $2.4b plan to decarbonise major refinery in northwest England hits key milestone with CO₂ pipeline approval