ITM Power Plc - Company Profile
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ITM Power plc (ITM), a subsidiary of Snam SpA, is a renewable energy company that specializes in the design and manufacture of Proton Exchange Membrane (PEM) electrolyzes to produce green hydrogen. The company's main products include advanced PEM electrolyze technology, which is used to facilitate the production of green hydrogen. ITM is associated with notable projects such as Refhyne and Neptune V. The company’s customers range from electric utilities and industrial gas companies to automobile manufacturers and mining companies. ITM relies on a network of suppliers for commodities and services such as components, power supply units, capital equipment, and professional advice. The company has business presence across North America, Europe, and Asia, with a primary global market for its green hydrogen solutions. ITM is headquartered in Sheffield, South Yorkshire, the UK.
Headquarters
United Kingdom
Address
2 Bessemer Park, Sheffield, England, S91DZ
Website
www.itm-power.com
Telephone
44 114 2445111
No of Employees
301
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
ITM (LON)
Revenue (2025)
$57.5M
67.6%
(2025 vs 2024)
EPS
XYZ
Net Income (2025)
XYZ
45.1%
(2025 vs 2024)
Market Cap*
$720.9M
Net Profit Margin (2025)
XYZ
67.2%
(2025 vs 2024)
* As of and is in US$
ITM Power Plc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Trident | Zero-Carbon Solutions |
| Neptune II | Energy Security |
| Neptune V | Consultancy Services in Engineering Projects |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In October, Hydropuls entered into Heads of Terms with a European oil refinery for 150 MW of ITM Power's Alpha electrolyser platform to produce green hydrogen on site. |
| 2026 | Contracts/Agreements | In July, the company secured a GBP46.5 million grant from the Department for Energy Security and Net Zero to establish operational capability to manufacture the next-generation Chronos electrolyser stack. |
| 2026 | Contracts/Agreements | In June, the company partnered with Protium Green Solutions Ltd to develop industrial-scale green hydrogen plants in the UK, advancing the Cromarty Project in Scotland. |
Competitor Comparison
| Key Parameters | ITM Power Plc | John Cockerill Group | Plug Power Inc | Vivergo Fuels Ltd | SFC Energy AG |
|---|---|---|---|---|---|
| Headquarters | United Kingdom | Belgium | United States of America | United Kingdom | Germany |
| City | Sheffield | Seraing | New York City | London | Munich |
| State/Province | England | Liege | New York | England | Bayern |
| No. of Employees | 301 | 8,322 | 2,582 | 141 | 482 |
| Entity Type | Public | Private | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jurgen Nowicki | Chairman | Executive Board | 2026 | 62 |
| Dennis Schulz | Chief Executive Officer; Director | Executive Board | 2022 | 44 |
| Amy Grey | Director; Chief Financial Officer | Executive Board | 2025 | 49 |
| Simon Bourne | Chief Technology Officer; Director | Executive Board | 2009 | 51 |
| Andy Allen | Vice President - Strategy | Senior Management | 2025 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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