Share Price
30.20 p
-0.002 (-0.01 %)
Market Cap
£97.84 m
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ITM Power specialise in the manufacture of integrated hydrogen energy systems. Founded in June 2001, the company floated on the Alternative Investment Market (AIM) in 2004 and was the first United Kingdom-based fuel cell company to go public. ITM Power operates out of two premises in Sheffield, UK with further offices in Germany, France the USA and Canada.

Market: AIM:ITM
52-week High/Low: 37.20p / 18.60p
Sector: Electronic & Electrical Equipment
Market Cap: £97.84 m
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Big Picture – A Deep Dive Examination of ITM Power PLC

ITM Power PLC Snapshot

Technology is at the heart of our business. Our electrolyser solutions are unique in a number of ways:

. Rapid response
. High pressure
. Modular and scalable
. CE marked and fully compliant



HyFive raises awareness, understanding, viability and uptake of zero-emission hydrogen-powered vehicles. The collective mid-term goal is to grow a pan-European refuelling network and ensure more vehicles are seen on the road.

HyFive is a pioneering £31 million project involving leading motor manufacturers, hydrogen fuel suppliers, the Mayor of London’s Office and energy consultancies to make hydrogen vehicles a viable and environmentally friendly choice for motorists across Europe.

ITM Power was selected by the London Hydrogen Partnership to be the Hydrogen Refuelling Station partner for London. This resulted in an award of contract to supply three ITM Power electrolyser-based refuelling stations.

These three stations will be part of three European regions deploying six 700bar hydrogen refuelling stations and incorporate 12 existing stations in the project. The fuelling station networks will offer hydrogen as a genuine fuelling choice for end users. Working with other partners in the project, Air Products, Linde, OMV and the Copenhagen Hydrogen Network, will stimulate the network density required for full commercial roll-out of hydrogen refuelling and FCEVs across Europe.



ITM Power’s  second generation PEM electrolyser system is at the heart of RWE’s Power-to-Gas installation in Ibbenbüren, North Rhine Westpalia.  Benefitting from waste heat recovery, state of the art power conversion electronics and significant simplification, the rapid response electrolyser achieves a total system efficiency of 86%.  The state-of-the-art plant is part of a new system that, for the first time ever, links together the supply of local electricity, natural gas and district heating.

On the 11th December 2014 the Company announced that it had won a competitive tender for the supply of a rapid response Power-to-Gas PEM electrolyser system issued by RWE Deutschland AG.  On the 18th February 2015 the Company announced that assembly, ‘factory acceptance testing’ and delivery were all achieved within 10 weeks of receiving the order.  The opening ceremony took place after many weeks of testing and attracted numerous high level visitors.  The plant was praised by Dr Joachim Schneider, CTO of RWE Deutschland as being the most efficient of its kind.



FCEVs have the potential to deliver wide and lasting environmental and economic benefits. With a refuelling infrastructure in place, hydrogen is becoming a viable fuel for transport worldwide.
Many countries have now signed up to support the development of National hydrogen plans for hydrogen as a transport fuel. These programmes are supporting the availability of fuel cell electric vehicles to the public, whilst at the same time ensuring that there is a hydrogen infrastructure in place to refuel.

ITM Power are founder members of National Hydrogen Mobility initiatives in the UK, USA, France and Switzerland.  Similar Hydrogen Mobility schemes are progressing in Japan, Germany, S. Korea, Holland and Belgium.

The UK H2Mobility have indicated in their roadmap that there will be a mix of production methods able to provide cost-competitive hydrogen to the consumer while delivering very significant CO2 emissions reductions. This has particular significance for ITM Power’s electrolyser products as the roadmap covers:

  • The hydrogen production mix in the roadmap for 2030 is 51% water electrolysis, 47% steam methane reforming (SMR) and 2% existing capacities
  • The water electrolysis, using renewable electricity, includes both on-site production at the HRS and centralised production with distribution to the HRS
  • In 2030, the roadmap shows that the national demand for hydrogen for FCEVs will be 254,000 tonnes p.a.
  • Water electrolysis capacity offers significant benefits to the electricity sector in assisting the integration of renewable generating capacity and in providing grid-balancing services. These benefits will increase as the proportion of renewable energy in the generating mix increases
  • The project quantified these benefits and determined that this would have the effect of reducing the cost of hydrogen produced by electrolysis by 20%



Showcasing how hydrogen can be generated on-site, with wind and water to support the roll out of Fuel Cell Electric Vehicles

The Hydrogen Mini Grid is sited on The Advanced Manufacturing Park just two miles from the M1 motorway network in South Yorkshire and within reach of the large population centres of Sheffield, Rotherham, Barnsley and Doncaster, giving the facility a very large catchment area and providing the perfect position for a commercial refuelling station.

The site consists of a 225kW wind turbine coupled directly to an electrolyser, 200kg of hydrogen storage, a hydrogen dispensing unit and a 30kW fuel cell system capable of providing backup power generation for nearby buildings. The facility is a showcase for ITM Power’s world-class hydrogen generation equipment and is used to provide retail hydrogen fuel services. The M1 motorway was highlighted as a key route for the early deployment of hydrogen refuelling in the UK in the published UK H2Mobility Phase 1 Report.

The facility develops ITM Power’s modular commercial platform for hydrogen generation systems, Power-to-Gas and refuelling solutions. The system is designed so that energy from the wind turbine is used to provide power for some of the buildings on the Advanced Manufacturing Park, with excess energy being used by the electrolyser to generate hydrogen gas. The gas is then compressed and stored ready for dispensing into hydrogen fuel cell vehicles.

Funded by Innovate UK


Other Projects





ITM Power operates out of two premises in Sheffield, UK with further offices in Germany, France the USA and Canada.

TM Power now has a growing team of over 70 employees committed to providing hydrogen solutions to alleviate the world’s dependence on fossil fuel.

“Our recent technical and commercial achievements are a clear demonstration of the skills and knowledge of the ITM Power team.”

Prof Roger Putnam CBE
Non-Executive Chairman

Executive Board

Dr Gaham Cooley
Chief Executive Officer

Dr Simon Bourne
Chief Technology Officer

Dr Rachel Smith
Executive Director

Non-Executive Board

Andy Allen
Finance Director

Prof Roger Putnam CBE
Non-Executive Chairman

Sir Roger Bone
Non-Executive Director

Regional Representatives

Lord Roger Freeman
Non-Executive Director

Robert Pendlebury
Non Executive Director

Kristoffer Olsen
Business Development Manager - 
Nordics & Investor Relations

Calum Mcconnel
MD, ITM Power GMBH Germany

Neil Thompson
Managing Director ITM PTY LTD, Australia

Stephen Jones
MD, ITM Power Inc. California

Lucas Bertrand
French Representative

Business Development

Prof Marcus Newborough
Development Director

Charles Purkess
Business Development Manager

Rebecca Markillie
Marketing Manager & PA to CEO



22 Atlas Way
S4 7QQ
+44 (0)114 244 5111
ITM Power is a public limited company registered in England and Wales. Company Number 0509407
Simon Hudson / James Collins
Tavistock Communications
131 Finsbury Pavement
+44 (0)20 7920 3150



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