ITM Power on track for global scale

CEO Graham Cooley says scale and costs are now the focus for UK-based ITM Power, following the opening of the world’s biggest electrolyser factory

Last year was a transformative one for ITM Power, a company firmly at the forefront of the emerging UK green hydrogen boom. This year is all about building scale, as it seeks to continue along its impressive growth trajectory. The firm, which manufactures integrated hydrogen energy solutions to utilise renewable energy that would often otherwise be wasted, passed several milestones last year. And the financial markets are certainly impressed, with its share price rocketing from just over 80p at the start of 2020 to 636p. During 2020, it entered into a strategic partnership with Italian gas infrastructure company Snam, which bought a €33mn ($40mn) stake in the firm. And this was just part of