Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Green hydrogen
  • Blue hydrogen
  • Storage & Transportation
  • Consumption
  • Strategies & Trends
  • Finance
  • Women in Hydrogen 50
  • Podcasts
Search
Related Articles
Letter on hydrogen: Cracking the ammonia code
UK risks losing out on in race to secure hydrogen imports as its refusal to back ammonia cracking sinks $2.7b Immingham project
UAE eyes overseas projects as it ramps up clean hydrogen production
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
Scotland targets green hydrogen exports to Germany
Plans include a £2.7b export pipeline, but country faces stiff competition from other European suppliers
Hydrogen Market Databook 2025: Western Europe, part 2
The UK leads Western Europe in terms of active hydrogen project market share, but developments are planned across Italy, Spain, Portugal, the Netherlands and the Nordic countries
Outlook 2025: How the UK can be a world leader in decarbonising aviation
The aviation industry needs government action and policy support to realise the potential of hydrogen as part of SAF, and the UK has the potential to lead the way
UK confirms $2.6b green project funding
Inclusion of funding in government’s budget ends uncertainty over support for 11 electrolytic projects
UK backs low-carbon hubs with $28b funding pledge
Boost for CCUS and blue hydrogen projects as government confirms funding for HyNet and East Coast clusters
Dorset storage project eyes key role in UK hydrogen network
Salt caverns linked to cluster in southern England could bridge gap between supply and offtake profile
Topsoe, ABB and Fluor form alliance on standardised concept for SOEC factory
Topsoe, ABB and Fluor have formed an alliance to design a standardized concept for building Topsoe’s next SOEC factory.
Johnson Matthey reins in hydrogen tech investment as demand cools
Slowdown evident across entire green hydrogen value chain but sector still seen as long-term growth engine, UK-based technology company says
ITM’s gigafactory is based in Sheffield
Electrolysers UK
Tom Young
9 June 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

ITM winning more contracts

Firm’s backlog stood at 755MW at year-end, with recent agreements including a key deal to construct a 24MW electrolyser for Yara in Norway

Electrolyser manufacturer ITM Power has seen a 74pc increase in work in progress from 43MW in April last year to 75MW in April this year, according to a trading update from the firm. The update covers work in progress and the contracts backlog as well as unaudited financial results expected for the financial year ending 30 April 2022.  The firm’s contracts backlog—an indicator of the number of future contracts—stood at 755MW at year-end, up from 290MW at the same point last year. Of the 755MW of backlog, 75MW is contracted but not underway and 342MW is under negotiation, while for 338MW ITM is the preferred supplier. “Russia’s invasion of Ukraine has accelerated the intent of many coun

Also in this section
BP exits $55b Australian green mega-project
25 July 2025
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
Hydrogen leakage poses growing threat to green scale-up
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
Ammonia ambitions to help drive gas demand
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
Stellantis halts hydrogen vehicle programme
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Green hydrogen
  • Blue hydrogen
  • Storage & Transportation
  • Consumption
  • Strategies & Trends
  • Finance
  • Women in Hydrogen 50
  • Podcasts
Search