The ITM Power Story
Sustainable Energy, Engineered Sustainably
For the past twenty years, ITM Power PLC has been designing and manufacturing electrolyser systems that generate green hydrogen based on proton exchange membrane (PEM) technology. Our electrolysers require just renewable energy and water, with oxygen and water vapour the only by-products. As the first hydrogen related company to be listed on the London Stock Exchange, it’s no exaggeration to say that we’re globally recognised experts in our field.
In recent years, interest in green hydrogen has increased rapidly worldwide. To help meet demand and accelerate global progress towards net-zero, we have scaled up at speed.
In 2021, we opened our new Gigafactory in Bessemer Park, Sheffield: the world’s largest electrolyser production factory. This represents a step-change in our ambition and capacity as a business, enabling us to cut the cost of electrolysers by almost 40% in the next three years, from increased automation and economics of scale.
We also work strategically with partners – including Linde, Shell, Snam, Hyundai, and Honda, among others – to scale our impact, industrial reach, and market penetration. Key to our continued growth and success is our equity fundraising efforts. Building on three successful fundraisers, we raised £250 million in 2021 to expand manufacturing capacity to 5GW per annum by 2024 and increase headcount as we seek to decarbonise transport and industry.
But to help the world reach net-zero by 2050, we have to act beyond our own supply chain. We therefore participate actively in industry bodies that champion sustainable power and guide policy, as well as working with schools and universities to help inspire the next generation about green hydrogen.
Our Gigafactory could enable an additional
tonnes of CO2 to be saved every year
Our highlights throughout the past 20 years
ITM Power, the energy storage and clean fuel company, announces that the Company has been awarded a contract by The Department for Business, Energy and Industrial Strategy (BEIS),.
20 years ago today Dr Simon Bourne and Dr Rachel Smith started their first day at ITM Power as the first two employees.
ITM Power recognises that one size of product does not fit all applications. Our highly qualified team is able to bring together a package to meet your needs
Customers can ensure best operational support with our excellent 24/7 after sales support.
With a robust approach to research and development, ITM Power is always developing new technologies and pioneering solutions for the future.
Alongside remote support, we offer physical maintenance, deploying skilled engineering resource.
Our PEM electrolysers are market leading and will enjoy greater market penetration as the demand for green hydrogen grows.
ITM Power operates management systems in accordance with ISO 14001 2015 and OHSAS 18001 2007. Management of health and safety is led by the ITM Power plc Board which monitors health and safety performance through the Board Health and Safety Committee. Separately, there is a monthly Health and Safety Committee including representatives from each function in ITM Power. This helps ensure reporting of concerns, which in turn assists the ‘lessons learnt’ process, and is a key indicator of improved safety culture. All employees are also encouraged to report instances where safety measures can be improved.View Full Health and Safety Statement
Dr Graham Cooley, CEO, ITM Power PLC