ITM Power
{{Use dmy dates|date=April 2022}}
{{Infobox company
| name = ITM Power
| logo =
| traded_as = {{LSE|ITM}}
| ISIN = {{ISIN|sl=n|pl=y|GB00B0130H42}}
| foundation = {{Start date|2000}}
| location_city = Sheffield
| location_country = England
| key_people = Dennis Schulz (CEO)
Simon Bourne (CTO)
Amy Grey (CFO)
| industry = Hydrogen economy
| revenue = £16.5 million (2024){{cite web |url= https://finance.yahoo.com/news/itm-power-full-2024-earnings-081611072.html}}
| products = Electrolysers
| homepage = {{URL|www.itm-power.com}}
}}
ITM Power plc designs, manufactures, and integrates electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen using renewable electricity and tap water. Hydrogen produced via electrolysis is used for mobility, Power-to-X, and industry.
The company floated on the Alternative Investment Market (AIM) in 2004,{{Cite web|title=Stock|url=https://www.londonstockexchange.com/stock/ITM/itm-power-plc/our-story|access-date=2021-11-01|website=www.londonstockexchange.com|language=en}} becoming the first hydrogen company publicly listed on the London Stock Exchange (LSE). LSE has also granted the company a Green Economy Mark.{{Cite web|title=Stock|url=https://www.londonstockexchange.com/stock/ITM/itm-power-plc/company-page|access-date=2021-11-01|website=www.londonstockexchange.com|language=en}}
ITM Power is headquartered in Sheffield within the world's largest electrolyser factory.{{Cite web|title=UK energy secretary officially opens ITM Power's Gigafactory|url=https://renewablesnow.com/news/uk-energy-secretary-officially-opens-itm-powers-gigafactory-751261/|access-date=2021-11-01|website=Renewablesnow.com|date=18 August 2021 |language=en}} It also operates from a further two Sheffield-based sites and an office located in Hesse, Germany.
History
= Early years =
ITM Power was founded in June 2000 in Saffron Walden, Essex and originally manufactured fuel cells before expanding into electrolysers. In 2004, the company floated on the AIM Market raising £10 million.{{Cite journal|date=2004-08-01|title=ITM Power achieves London stock flotation|url=https://www.sciencedirect.com/science/article/pii/S1464285904002652|journal=Fuel Cells Bulletin|language=en|volume=2004|issue=8|pages=3–4|doi=10.1016/S1464-2859(04)00265-2|bibcode=2004FCBu.2004QY..3. |issn=1464-2859|url-access=subscription}}
= 2010-2020 =
Its first sale was an electrolyser for the University of Birmingham, UK.{{Cite web|date=2010-06-16|title=ITM Power links up with Birmingham University {{!}} TheBusinessDesk.com|url=https://www.thebusinessdesk.com/westmidlands/news/26378-itm-power-links-up-with-birmingham-university|access-date=2021-11-02|website=West Midlands|language=en}} In 2011, ITM Power GmbH, the company's German subsidiary, was incorporated.
The company raised £52 million via a second equity fundraise in 2019. This included a strategic investment of £38 million from Linde plc{{Cite web|last=H2-View|date=2019-10-03|title=Linde to take 20% stake in ITM Power|url=https://www.h2-view.com/story/linde-to-take-20-stake-in-itm-power/|access-date=2021-11-02|website=H2 View|language=en}} and the establishment of the joint venture, ITM Linde Electrolysis (ILE), to provide green gas solutions at industrial scale. ILE was incorporated in January 2020.
In 2019, ITM signed a collaboration agreement with Iwatani Corporation of America,{{Cite web|date=2019-11-19|title=ITM Power and Iwatani to collaborate in North America|url=https://www.proactiveinvestors.co.uk/companies/news/907331/itm-power-and-iwatani-to-collaborate-in-north-america-907331.html|access-date=2021-11-02|website=Proactiveinvestors UK|language=en}} a wholly-owned subsidiary of Japan's Iwatani Corporation, for the deployment of multi megawatt electrolyser-based hydrogen energy systems in North America.
In 2020, ITM enacted a third fundraise, raising £172 million in equity that included a £30 million investment from Snam S.p.A.{{Cite web|last=Edwardes-Evans|first=Henry|date=2020-10-23|title=Italy's Snam takes strategic green hydrogen stake in UK's ITM Power|url=https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/102320-italys-snam-takes-strategic-green-hydrogen-stake-in-uks-itm-power|access-date=2021-11-02|website=www.spglobal.com|language=en}}
= 2021 =
In January the company sold a 24MW PEM electrolyser unit, the largest in the world, to Linde.{{Cite journal|date=2021-02-01|title=ITM sells 24 MW PEM electrolyser to Linde, partners with Optimal|url=https://www.sciencedirect.com/science/article/pii/S146428592100105X|journal=Fuel Cells Bulletin|language=en|volume=2021|issue=2|pages=14|doi=10.1016/S1464-2859(21)00105-X|bibcode=2021FCBu.2021U..14. |s2cid=241388004 |issn=1464-2859|url-access=subscription}} The unit will be installed at the Leuna Chemical Complex in Germany. Production is due to start in the second half of 2022.
In March the company marked its first deployment in Japan with the sale of a 1.4MW electrolyser to Sumitomo Corporation.{{Cite web|title=ITM Power sells MW-scale electrolyser to Sumitomo|url=https://www.sharecast.com/news/aim-bulletin/itm-power-sells-mw-scale-electrolyser-to-sumitomo--7845450.html|access-date=2021-11-02|website=BOLSAMANIA|language=en}}
August marked the official opening{{Cite web|title=UK energy secretary officially opens ITM Power's Gigafactory|url=https://renewablesnow.com/news/uk-energy-secretary-officially-opens-itm-powers-gigafactory-751261/|access-date=2021-11-02|website=Renewablesnow.com|date=18 August 2021 |language=en}} of Bessemer Park in Sheffield. The facility has an electrolyser manufacturing capacity of 1GW per annum, making it the largest in the world to date.
In October the company raised £250 million{{Cite news|last=Hume|first=Neil|date=2021-10-14|title=ITM Power launches £250m share sale to fund hydrogen gigafactory|work=Financial Times|url=https://www.ft.com/content/29b31d4b-6b71-4cef-8f1d-236904e2e6b8|access-date=2021-11-02}} to expand manufacturing capacity to 5GW per annum by 2024.
= 2022 =
Full-year results revealed that annual pre-tax losses almost doubled to £46.7m on the back of £5.6m of revenues. The firm admitted that it has scrapped its 5GW annual capacity target by 2025, now aiming for 1.5GW per annum by 2023. It also scrapped its previous decision to open a second UK factory in Sheffield. It also announced that its CEO for 13 years, Graham Cooley, would leave once a successor was appointed.{{Cite news |last=Dempsey |first=Harry |date=14 Sep 2022 |title=ITM Power's shares plunge as it warns of production delays |work=Financial Times |publisher=The Nikkei |url=https://www.ft.com/content/24ff198d-9ee1-4ed4-9164-4623fb371801 |access-date=17 Sep 2022}} In December, Dennis Schulz, joined as CEO, leaving Linde Engineering, a division of Linde plc.{{Cite web |title=ITM Powers appoints Linde's Dennis Schulz as CEO {{!}} Financial News |url=https://www.lse.co.uk/news/itm-powers-appoints-lindes-dennis-schulz-as-ceo-fzhacrovxxt0v69.html |access-date=2025-04-09 |website=www.lse.co.uk |language=en}}
= 2023 =
In January ITM signed two contracts, each for the sale of 100 MW of PEM electrolysers to Linde Engineering.{{Cite web |last=Habibic |first=Ajsa |date=2023-01-31 |title=RWE Orders 100 MW Electrolysers for Offshore Wind to Hydrogen Project |url=https://www.offshorewind.biz/2023/01/31/rwe-orders-100-mw-electrolysers-for-offshore-wind-to-hydrogen-project/ |access-date=2025-04-09 |website=Offshore Wind |language=en-US}} ITM expanded its Bessemer Park facility.{{Cite web |last=News |first=Alliance |date=2023-04-03 |title=ITM Power to further expand facilities at Bessemer Park, Sheffield |url=https://www.morningstar.co.uk/uk/news/AN_1680514979205222600/itm-power-to-further-expand-facilities-at-bessemer-park-sheffield.aspx |access-date=2025-04-09 |website=MorningstarUK |language=en-GB}} Strategic collaborations with Mott Corporation,{{Cite web |title=Strategic collaboration with Mott Corporation – Company Announcement - FT.com |url=https://markets.ft.com/data/announce/detail?dockey=1323-16023301-1DORMI9V3OUDBKVCPVOUOD60J6 |access-date=2025-04-09 |website=markets.ft.com}} W. L. Gore & Associates {{Cite web |date=2023-07-26 |title=ITM Power teams up with the inventor of Gore-Tex as it looks to improve its technology |url=https://www.proactiveinvestors.co.uk/companies/news/1021741/itm-power-teams-up-with-the-inventor-of-gore-tex-as-it-looks-to-improve-its-technology-1021741.html |access-date=2025-04-09 |website=Proactiveinvestors UK |language=en}} and FRIEM {{Cite web |title=ITM Power plc: ITM Power announces strategic collaboration with FRIEM - MoneyController (ID 1553445) |url=https://www.moneycontroller.co.uk/finance-news/itm-power-plc/itm-power-announces-strategic-collaboration-with-friem-1553445 |access-date=2025-04-09 |website=www.moneycontroller.co.uk |language=en}}were announced. POSEIDON, ITM's 20MW electrolyser module was launched.{{Cite web |last=Collins |first=Peter |date=2023-08-18 |title=Hydrogen Europe |url=https://hydrogeneurope.eu/itm-power-unveils-poseidon-20mw-electrolyser-module/ |access-date=2025-04-09 |website=Hydrogen Europe |language=en-GB}} ITM sold Motive Fuels Ltd, the hydrogen transport refulling business to investment group HYCAP [https://fuelcellsworks.com/news/itm-power-announces-the-completed-sale-of-motive-fuels-ltd-to-hycap-group]. In November a Hybrid Stack was launched citing a 10% efficiency improvement.{{Cite web |title=ITM Power unveils new 'Hybrid Stack' technology {{!}} Financial News |url=https://www.lse.co.uk/news/itm-power-unveils-new-hybrid-stack-technology-qf7jfsxr6hqdush.html |access-date=2025-04-09 |website=www.lse.co.uk |language=en}} In December the company finalised a capacity reservation agreement with Shell Deutschland. The company announced that future production capacity advanced electrolyser stacks would be secured by Shell under the agreement.{{Cite web |title=ITM Power inks capacity deal with Shell Deutschland |url=https://www.sharecast.com/news/aim-bulletin/itm-power-inks-capacity-deal-with-shell-deutschland--15564270.html |access-date=2023-12-11 |website=Sharecast |language=en}}
= 2024 =
ITM launched NEPTUNE V,{{Cite web |last=Anonymous |date=2024-05-10 |title=ITM Launches NEPTUNE V: A Cutting-Edge 5MW PEM Electrolyser Plant Priced at £4.35 Million - Fuelcellsworks |url=https://fuelcellsworks.com/news/itm-launches-neptune-v-a-cutting-edge-5mw-pem-electrolyser-plant-priced-at-4-35-million |access-date=2025-04-09 |website=fuelcellsworks.com |language=en}} a containerised 5MW electrolyser plant in May, and went on to secure its first contract in November for 15MW due to go to Gutroff in Germany [https://www.energyvoice.com/renewables-energy-transition/hydrogen/uk-hydrogen/564821/uk-firm-itm-power-sells-three-5-mw-electrolysers-in-germany/], In March ITM completed the installation of a 2MW NEPTUNE electrolyser at Tokyo Gas Co Ltd’s Yokohama Techno Station with Sumitomo Corporation [https://hydrogen-central.com/itm-power-and-sumitomo-complete-installation-of-first-of-its-kind-demonstration-electrolyser-in-japan/]. Hygen appointed ITM as a preferred supplier of PEM electrolysers within the UK and across wider Europe.{{Cite web |last=Čučuk |first=Aida |date=2024-04-26 |title=Hygen picks ITM Power's electrolyzers for hydrogen projects across Europe |url=https://www.offshore-energy.biz/hygen-picks-itm-powers-electrolyzers-for-hydrogen-projects-across-europe/ |access-date=2025-04-09 |website=Offshore Energy |language=en-US}} Yara's 24MW hydrogen plant at Herøya Industrial Park, which utilises ITM's TRIDENT stack platforms, to produce green ammonia was officially inaugurated in June [https://www.h2-view.com/story/europes-largest-hydrogen-and-ammonia-production-plant-inaugurated/2111018.article/]. The REFHYNE I project concluded in June [https://www.refhyne.eu/refhyne-project-successfully-concludes-with-final-event-developing-and-operating-a-10mw-pem-electrolyser/] and followed with an announcement of a 100MW contract being signed with Shell for REFHYNE II [https://markets.ft.com/data/announce/full?dockey=1323-16615861-3G7M9Q2E9DJMBEF19G9S5FEC66] ITM announced the results of research into in Iridium reduction, by validating an additional 40% iridium loading reduction whilst maintaining stack performance and longevity.{{Cite web |last=H2-View |date=2024-11-06 |title=ITM slashes iridium use by 40% in electrolyser stack technology |url=https://www.h2-view.com/story/itm-slashes-iridium-use-by-40-in-electrolyser-stack-technology/2116958.article/ |access-date=2025-04-10 |website=H2 View |language=en}}
= 2025 =
In January, Amy Grey joined ITM as Chief Financial Officer. She previously worked at Sheffield Forgemasters. [https://www.lse.co.uk/news/itm-power-taps-amy-grey-to-take-over-as-cfo-pddnmwr3bre1whl.html] The company sold 4 NEPTUNE V units to La Française de l’Energie SA in February.{{Cite web |title=Contract with FDE for four NEPTUNE V – Company Announcement - FT.com |url=https://markets.ft.com/data/announce/detail?dockey=1323-16897395-24ATMK77VPA7THBQ45BQFJESHL |access-date=2025-04-09 |website=markets.ft.com}} ITM signed an agreement with Deutsche Bahn AG to collaborate on sustainable transportation and infrastructure {{Cite web |last=H2-View |date=2025-03-31 |title=Deutsche Bahn, ITM Power partner on clean transport and hydrogen infrastructure |url=https://www.h2-view.com/story/deutsche-bahn-itm-power-partner-on-clean-transport-and-hydrogen-infrastructure/2123741.article/ |access-date=2025-04-09 |website=H2 View |language=en}}
Industrial projects
ITM Power is currently engaged with industry and academia partners in several projects to deploy its technology and products in existing and emerging markets.
= Lingen =
ITM sold two batches of 100 MW of PEM electrolysers to Linde Engineering. Both plants will be installed at a site operated by RWE in Lingen, Germany, and will be powered by offshore wind from the North Sea. {{Cite news |last=Ltd |first=Renews |date=2023-01-31 |title=ITM signs 200MW electrolyser deal |url=https://www.renews.biz/83504/itm-signs-200mw-electrolyser-deal/ |archive-url=http://web.archive.org/web/20230202191056/https://renews.biz/83504/itm-signs-200mw-electrolyser-deal/ |archive-date=2023-02-02 |access-date=2025-04-09 |work=reNEWS - Renewable Energy News |language=en-US}}
= Herøya =
ITM sold 24 MW of TRIDENT stacks to Linde Engineering who installed at a site operated by Yara Norge AS located at Herøya outside Porsgrunn Norway [https://www.spglobal.com/commodity-insights/en/news-research/latest-news/energy-transition/061024-yara-starts-up-europes-largest-green-hydrogen-plant-in-norway]. The Porsgrunn site produces 3 million tons of fertiliser per year. The hydrogen produced by the electrolyser will be used to produce green ammonia. {{Cite web |date=2024-06-19 |title=Yara: electrolysis plant opened in Herøya, Norway |url=https://ammoniaenergy.org/articles/yara-electrolysis-plant-opened-in-heroya-norway/ |access-date=2025-04-09 |website=Ammonia Energy Association |language=en-US}}
= REFHYNE =
The REFHYNE project aims to supply clean refinery hydrogen for Europe. Comprising a partnership including ITM Power and Shell, it is funded by the European Commission's Fuel Cells and Hydrogen Joint Undertaking (FCH JU).
Following two years of construction, Shell launched{{Cite web|last=Ltd|first=Renews|date=2021-07-02|title=Shell starts green hydrogen production in Germany|url=https://renews.biz/70739/shell-starts-green-hydrogen-production-in-germany/|access-date=2021-11-03|website=reNEWS - Renewable Energy News|language=en-US}} Europe's largest hydrogen electrolysis plant at its Rhineland Refinery in Wesseling, Germany. The PEM electrolyser supplied by ITM Power is the largest of its kind{{Cite web|date=2021-07-02|title=Shell fires up Europe's largest green hydrogen facility|url=https://www.businessgreen.com/news/4033840/shell-fires-europe-largest-green-hydrogen-facility|access-date=2021-11-03|website=www.businessgreen.com|language=en}} to be deployed on a major industrial scale. The project will investigate the feasibility of introducing similar technology in other industry plants.
In October 2020, the REFHYNE II consortium, which aims to install a 100-MW electrolyser{{Cite web|last=H2-View|date=2021-10-08|title=Refhyne II project to deliver a 100MW electrolyser for hydrogen production in Germany|url=https://www.h2-view.com/story/refhyne-ii-project-to-deliver-a-100mw-electrolyser-for-hydrogen-production-in-germany/|access-date=2021-11-03|website=H2 View|language=en}} at Shell's Energy and Chemicals Park, Rheinland, secured a EUR-32.4-million grant{{Cite web|title=Consortium secures EU grant for 100-MW Refhyne II hydrogen electrolyser|url=https://renewablesnow.com/news/consortium-secures-eu-grant-for-100-mw-refhyne-ii-hydrogen-electrolyser-756754/|access-date=2021-11-03|website=Renewablesnow.com|date=8 October 2021 |language=en}} from the European Climate, Infrastructure and Environment Executive Agency.
The project will use 100 megawatts of TRIDENT electrolyser stacks reserved from a capacity reservation agreement with Shell Deutschland, with production tentatively occurring from 2025 to 2026. However, its execution is dependent on a final investment decision.
= HyDeploy =
HyDeploy is an energy trial to establish the potential for blending up to 20% zero carbon hydrogen into the normal gas supply to reduce carbon dioxide emissions. It was the first trial of its kind in the UK.{{Cite web|date=2020-01-24|title=Zero-carbon hydrogen injected into gas grid for first time in groundbreaking UK trial|url=http://www.theguardian.com/environment/2020/jan/24/hydrogen-uk-gas-grid-keele-university|access-date=2021-11-03|website=The Guardian|language=en}}
The £7 million project was funded by Ofgem and led by gas network Cadent in partnership with Northern Gas Networks, with ITM Power supplying the electrolyser system. 100 homes and 30 university faculty buildings on a private gas network at Keele University in Staffordshire received the blended gas during the first phase which ended in March 2021.{{Cite web|date=2021-09-09|title=HyDeploy blended hydrogen trial shows "promising" results|url=https://www.theengineer.co.uk/hydeploy-keele-hydrogen-co2/|access-date=2021-11-03|website=The Engineer|language=en-US}}
The trial was designed to determine the level of hydrogen which could be used by gas consumers safely and with no changes to their behaviour or existing domestic appliances. A second phase launched in August 2021{{Cite web|last=Burgess|first=James|date=2021-07-26|title=UK hydrogen blending for public gas grid trial gets go-ahead|url=https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/072621-uk-hydrogen-blending-for-public-gas-grid-trial-gets-go-ahead|access-date=2021-11-03|website=www.spglobal.com|language=en}}{{Cite magazine|title=Inside the race to use hydrogen to heat our homes|language=en-GB|magazine=Wired UK|url=https://www.wired.co.uk/article/hydrogen-uk-heating|access-date=2021-11-03|issn=1357-0978}} and is due for completion in 2022.
Hydrogen refuelling stations
ITM Power had a hydrogen refuelling business, Motive Fuels Ltd, which it sold to HYCAP Group in 2023.{{Cite web |last=Anonymous |date=2023-10-20 |title=ITM Power Announces the Completed Sale of Motive Fuels Ltd to HYCAP Group - Fuelcellsworks |url=https://fuelcellsworks.com/news/itm-power-announces-the-completed-sale-of-motive-fuels-ltd-to-hycap-group |access-date=2025-04-09 |website=fuelcellsworks.com |language=en}}
Historically, ITM installed an electrolyser driven hydrogen refuelling station (HRS) named Hfuel at the University of Nottingham in 2012.{{Cite news|date=2012-10-17|title=Nottingham opens first hydrogen filling station|language=en-GB|work=BBC News|url=https://www.bbc.com/news/uk-england-nottinghamshire-19981417|access-date=2021-11-04}} The refuelling station can provide hydrogen at 350 bar to vehicles and 150 bar to the university's laboratory.{{cite web|title=University of Nottingham installs own hydrogen fuelling station|url=http://www.thegreencarwebsite.co.uk/blog/index.php/2012/09/21/university-of-nottingham-installs-own-hydrogen-fuelling-station/|access-date=15 October 2012|publisher=The Green Car Website|archive-date=5 October 2012|archive-url=https://web.archive.org/web/20121005205630/http://www.thegreencarwebsite.co.uk/blog/index.php/2012/09/21/university-of-nottingham-installs-own-hydrogen-fuelling-station/|url-status=dead}}{{cite web|title=Futuristic vision moves a step closer to reality|url=http://www.thisisnottingham.co.uk/Futuristic-vision-moves-step-closer-reality/story-16934846-detail/story.html|access-date=15 October 2012|publisher=This is Nottingham|archive-date=1 October 2012|archive-url=https://web.archive.org/web/20121001125233/http://www.thisisnottingham.co.uk/Futuristic-vision-moves-step-closer-reality/story-16934846-detail/story.html|url-status=dead}}
In September 2015, it opened the HRS at the Advanced Manufacturing Park in Rotherham, Yorkshire.{{Cite news|date=2015-09-17|title=First 'zero-emissions' hydrogen filling station opens|language=en-GB|work=BBC News|url=https://www.bbc.com/news/uk-england-south-yorkshire-34278051|access-date=2021-11-04}}
Another station, located at the National Physical Laboratory in Teddington, London, opened in May 2016.{{Cite web|last=Edmonds|first=Lizzie|date=2016-06-08|title=Filling station's own hydrogen for cars that make no pollution|url=https://www.standard.co.uk/news/london/filling-station-produces-its-own-hydrogen-for-cars-that-make-no-pollution-a3244206.html|access-date=2021-11-09|website=www.standard.co.uk|language=en}} It was the first of three such stations launched under the pan-European HyFive Project,{{Cite web|title=Hydrogen For Innovative Vehicles {{!}} www.fch.europa.eu|url=https://www.fch.europa.eu/project/hydrogen-innovative-vehicles|access-date=2021-11-04|website=www.fch.europa.eu}} funded by the FCH JU and the UK Government Office of Low Emission Vehicles (OLEV).
The second HyFive station was opened at East London's Centre of Engineering Manufacturing Excellence (CEME) in October 2016.{{Cite web|title=Hydrogen vehicle refuelling station opens in East London|url=https://airqualitynews.com/2016/10/13/electric-vehicle-refuelling-station-opens-east-london/|access-date=2021-11-04|website=airqualitynews.com|date=13 October 2016 |language=en}} This station uses a solar photovoltaic array to produce renewable hydrogen on-site for public and private fleets operating fuel cell electric vehicles to recharge.
The third and final HRS under the HyFive project was opened in February 2017. Located at the Cobham Motorway Service Area on the M25 motorway,{{Cite news|last=Wiseman|first=Ed|date=2017-02-22|title=Hydrogen on the M25 brings Britain closer to zero-carbon motoring – we're first to try the new pump|language=en-GB|work=The Telegraph|url=https://www.telegraph.co.uk/cars/features/m25-hydrogen-brings-britain-closer-zero-carbon-motoring-first/|access-date=2021-11-04|issn=0307-1235}} it was the first HRS in the UK to be located on a forecourt and Shell's first in the UK.{{Cite news|last1=Ward|first1=Andrew|last2=Campbell|first2=Peter|date=2017-02-22|title=Royal Dutch Shell places bet on hydrogen cars going mainstream|work=Financial Times|url=https://www.ft.com/content/74970ba2-f7f7-11e6-bd4e-68d53499ed71|access-date=2021-11-04}}
In 2020, the company set up the ITM Motive division{{Cite news|last=English|first=Andrew|date=2020-05-15|title=New hydrogen refuelling company to drive a greater adoption of fuel-cell cars|language=en-GB|work=The Telegraph|url=https://www.telegraph.co.uk/cars/news/new-hydrogen-refuelling-company-drive-greater-adoption-fuel/|access-date=2021-11-04|issn=0307-1235}} to manage its HRS assets. In 2021, the division was established as a separate, wholly-owned subsidiary,{{Cite web|title=ITM Power launches separate, wholly-owned Motive subsidiary|url=https://www.sharecast.com/news/aim-bulletin/itm-power-launches-separate-wholly-owned-motive-subsidiary--7906992.html|access-date=2021-11-04|website=BOLSAMANIA|language=en}} owning and operating a portfolio of 12 publicly accessible HRS assets. It is was, before its sale, the largest HRS operator in the UK.{{Cite web|title=ITM Motive aims to cater for growing numbers of hydrogen vehicles|url=https://www.yorkshirepost.co.uk/business/itm-motive-aims-to-cater-for-growing-numbers-of-hydrogen-vehicles-3223172|access-date=2021-11-04|website=www.yorkshirepost.co.uk|date=4 May 2021 |language=en}}
UKH2Mobility
UKH2Mobility is a government and cross-industry programme to make hydrogen powered travel in the UK a reality. Industry signatories to the Memorandum of Understanding are:
- Air Liquide Hydrogen Energy, SA
- Air Products and Chemicals PLC
- Daimler AG
- Hyundai Motor Company
- Intelligent Energy Limited
- ITM Power
- Johnson Matthey PLC
- Nissan Motor Manufacturing (UK) Limited
- Scottish and Southern Energy plc
- Tata Motors European Technical Centre plc
- The BOC Group Limited
- Toyota Motor Corporation
- Vauxhall Motors
Ecoisland Partnership CIC
In July 2012, ITM Power, along with four other companies, was selected by the Technology Strategy Board (now Innovate UK) innovation agency and the Department of Energy and Climate Change in the United Kingdom to develop ways of using clean energy on transport systems.{{cite news|date=July 30, 2008|title=Brew your own|publisher=The Economist Magazine|url=https://www.economist.com/node/11831730|access-date=3 November 2012}} ITM's assigned project was to build an electrolysis based hydrogen refueller to be used as transport fuel on the Isle of Wight.{{cite web|title=Eco Valley|url=http://www.eco-island.org/hub/eco-valley/national_partners/itm_power|url-status=dead|archive-url=https://web.archive.org/web/20120419012955/http://www.eco-island.org/hub/eco-valley/national_partners/itm_power|archive-date=19 April 2012|access-date=21 October 2012}} The plan is to make the Isle of Wight carbon neutral, by having residents create fuel at their home.{{cite news|date=November 19, 2011|title=A self-sufficient Isle of Wight|publisher=The Economist magazine|url=https://www.economist.com/node/21538808|access-date=October 21, 2012}}{{cite web|last=Czyzewski|first=Andrew|date=10 November 2011|title=ITM Power set to offer energy storage for EcoIsland project|url=http://www.theengineer.co.uk/sectors/energy-and-environment/news/itm-power-set-to-offer-energy-storage-for-ecoisland-project/1010851.article|access-date=21 October 2012|publisher=The Engineer}}
References
{{Reflist}}
External links
- {{Official website|http://www.itm-power.com/}}
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Category:Electric power companies of England
Category:Fuel cell manufacturers
Category:Manufacturing companies based in Sheffield
Category:Energy companies established in 2001