ITM Power Plc - Company Profile
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Business Description
ITM Power Plc (ITM) develops and manufactures hydrogen energy systems for energy storage and clean fuel production. The company's primary activities include the development and manufacturing of prototype products, as well as the sale of electrolysis equipment and hydrogen storage solutions. ITM serves a diverse range of industries, including electric utilities, industrial gas companies, automobile manufacturers, and mining companies.
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R&D Overview
ITM has undertaken several R&D initiatives, including the development of the most advanced PEM electrolyze technology, a 40% reduction in iridium loading, and the introduction of the Trident stack platform, which is versatile and adaptable for multiple applications. These initiatives highlight the company's commitment to innovation and cost efficiency. The R&D unit of ITM Power Plc is located in Sheffield, UK. This unit is responsible for the company's manufacturing and research and development activities, including the operation of the world's first and largest PEM Gigafactory and the stepwise introduction of manufacturing automation. In FY2025, the company invested GBP1.7 million in R&D, which was 6.5% of the company's revenue.
Product Categories
Overview
Conducts decarbonizing from the production of polluting chemicals and fuels, such as ammonia and synthetic methane.
Performance
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Performance
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Overview
Utilizes excess renewable energy to produce hydrogen gas using quick response electrolysis, which is then injected into its gas distribution network.
Performance
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Overview
Produces hydrogen fuel through excess renewable energy and water.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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