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
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
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
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
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets