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ITM Power logo — ITM Power designs and manufactures electrolysers based on pr...

ITM Power

ITM Power designs and manufactures electrolysers based on proton exchange membrane technology to produce green hydrogen.

Founded 2000 United Kingdom Sheffield, United Kingdom 330 employees Grant Total: $307.30M Energy, Manufacturing +1

General Information

Company Name ITM Power
Founded Year 2000
Location United Kingdom Sheffield, United Kingdom
Employees 330
Industries Energy, Manufacturing, Clean Energy
Funding Stage Grant
Business Model B2B, B2G
Revenue Model Product Sales, Project Based, Service Fee
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About ITM Power

ITM Power, established in 2000, is at the forefront of the Clean Energy revolution with its commitment to producing green hydrogen through advanced proton exchange membrane (PEM) technology. Headquartered in Sheffield, England, the company operates in the Energy and Manufacturing industries, leveraging renewable electricity and water to offer net-zero energy solutions.

Listed on the AIM market of the London Stock Exchange since 2004, ITM Power continues to expand its impact with investments like the £9.30M Grant received in May 2022 from the Low Carbon Hydrogen Supply 2 Competition. This financial backing underlines their innovative edge and the increasing demand for sustainable energy solutions.

For potential investors, ITM Power offers a strategic position in the rapidly growing green hydrogen sector with a proven track record and substantial industry support.

Taxonomy: Green Hydrogen Production, Hydrogen Energy Systems, Electrolysers, Proton Exchange Membrane Technology, Energy Storage, Clean Fuel Production, Zero-Carbon Hydrogen, Renewable Electricity, Hydrogen Economy, Hydrogen Storage, Decarbonising Transport, Decarbonising the Grid, Power to Gas, Methanation, Hydrogen Delivery Systems

Services & Products

Green Hydrogen Production
Electrolyser Stack Technology
Project Engineering and Deployment
Skid-mounted Electrolyser Solutions

Target Customers

Industrial Energy Users Renewable Energy Investors Energy Sector SMEs Large-scale Infrastructure Projects

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Grant £9.30M 1
Low Carbon Hydrogen Supply 2 Competition
19 May 2022
Post IPO Equity £250.00M 2
Merrill Lynch
Merrill Lynch, Investec
14 Oct 2021
Post IPO Equity £38.00M 1
Linde
04 Oct 2019
Post IPO Equity £10.00M -
31 Jan 2014
Venture Round Undisclosed 1
Octopus Ventures
Octopus Ventures
01 Apr 2004

ITM Power Alternatives & Competitors

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ITM Power vs
Supercritical
Supercritical United Kingdom

Developing the world's first high pressure, ultra-efficient electrolyser and lowest cost of pressuri...

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49 employees
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ITM Power vs
Ceres
Ceres United Kingdom

Ceres is a leading developer of clean energy technology, enabling the world’s most progressive compa...

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ITM Power vs
Q ENERGY
Q ENERGY Germany

Empower a sustainable world with green energy

Debt Financing
618 employees
Energy, Renewable Energy
View all alternatives

FAQ About ITM Power

ITM Power designs and manufactures electrolysers based on proton exchange membrane technology to produce green hydrogen.
ITM Power was founded in 2000.
ITM Power is headquartered in Sheffield, United Kingdom.
ITM Power operates in Energy, Manufacturing and Clean Energy. Its work centres on Green Hydrogen Production, Hydrogen Energy Systems, Electrolysers and Proton Exchange Membrane Technology. Its customers include Industrial Energy Users, Renewable Energy Investors and Energy Sector SMEs.
ITM Power has a B2B and B2G business model. Its revenue comes from Product Sales, Project Based and Service Fee.
ITM Power has approximately 330 employees.
ITM Power has completed 5 funding rounds, raising a total of $307.30M. The latest funding stage is Grant.
ITM Power offers: Green Hydrogen Production, Electrolyser Stack Technology, Project Engineering and Deployment, Skid-mounted Electrolyser Solutions.
Top alternatives and competitors to ITM Power include Supercritical, Ceres, Q ENERGY, Sunfire, Waga Energy. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
ITM Power and Supercritical are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for ITM Power, https://bouncewatch.com/company/itm-power, updated 31 May 2026. When citing, please name BounceWatch and link this page.

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