ITM is headquartered in Sheffield, UK
ITM electrolyser orders grow
Rapidly growing markets have led the firm to raise finance and expand manufacturing facilities
Electrolyser manufacturer ITM Power has seen its order backlog grow to 499MW—up 61pc since September this year—as the acceleration of national hydrogen strategies continues to drive up demand for its technology, according to a recent company update. In September, ITM reported a 30pc rise in sales revenue on an annual basis for the 2021 financial year, to £4.28mn ($5.7mn), mainly thanks to two major projects—a 10MW electrolyser for Shell at its Rhineland Refinery in Germany and a 10MW electrolyser at Scotland’s Whitelee windfarm, subject to final investment decision. The firm now has 200MW of new projects under negotiation. “Today’s update provides a compelling endorsement of how fast our mar
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