ITM Power Plc

Company Snapshot

Founded: 2000
Entity Type: Public
Employees: 308
Region: Australia
Revenue: $20.8 Millions
Revenue Year: 2023
Segment: Transport
Headquarter: Sheffield, U.K.
Key Geographics: U.K., Germany, U.S., Rest of Europe, Austria, Australia
Corporate Address: 2 Bessemer Park, Sheffield, S9 1DZ U.K. Tel.  +44-0-114-244-5111 www.itm-power.com

Company Overview

ITM Power specializes in designing and manufacturing electrolyzers based on PEM technology to produce green hydrogen using renewable electricity and water. The company has a single production plant in the U.K. that manufactures products worldwide for different industrial applications. The majority of its operational projects or build are located in Europe and its facility in Germany offers customer services. In 2023, NEPTUNE plug-and-play units will drive revenues and further income recognized from consulting contracts and after-sales, including spare parts.

Financial Highlights (FY 2023)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

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ITM Power Plc In Reports

Green Hydrogen: Global Markets

BCC Research Market Analyst says global market for green hydrogen is expected to grow from $5.2 billion in 2024 and is projected to reach $38.1 billion by the end of 2029, at a CAGR of 48.7%.

Global Market for PEM Electrolyzer

BCC Research Market Report provides an overview of PEM Electrolyzer Market is prepared in an easy-to-understand format; tables and figures are included to illustrate historical, current, and future market scenarios. ...

Global Hydrogen Generation Market

BCC Research Market Report says global market for hydrogen generation is estimated to grow from $166.7 billion in 2023 to reach $271.1 billion by 2028, at a CAGR of 10.2%.

Company's Business Segments

  • Power : Electricity Peaking Plants
  • Transport : Ships, Trucks, Synthetic Fuels, Cars, Aviation
  • Industry : Paper, Cement, Aluminium, Food, Steel
  • Other : Providing Food Stock For Chemicals and Products Including, Metallurgy, Food, Glass, Steel Industries

Applications/End User Industries

  • Transportation
  • Paper
  • Cement
  • Aluminium
  • Food
  • Plastics
  • Glass
  • Metallurgy
  • Power
  • Steel
  • Fertiliser
  • Fuel Refiners
  • Building and Commercials