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ITM

company 1 Deal 1 Partner

Sheffield, UK-based technology company specializing in the manufacture of proton exchange membrane (PEM) electrolysers for green hydrogen production. Operates a 1 GW manufacturing facility and supplies its technology globally for industrial and energy applications.

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Founded 2001
Technology CompanyOEM/EquipmentDeveloper

Strategic Overview

  • Focus on scaling up manufacturing capacity for large-scale industrial green hydrogen applications.
  • Strategic partnerships with major industrial gas companies and engineering firms to accelerate project deployment.
  • Pioneering PEM electrolyser technology for efficient and flexible hydrogen production.

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Deal Activity from Public Sources

Commissioning of 20 MW PEM electrolyser at Leuna Chemical Complex, Germany, for green hydrogen production
Development Green Hydrogen Germany July 2023 20 MW with Uniper
Sale of 24 MW PEM electrolyser to Hygen for a green hydrogen project in the UK
Sale Green Hydrogen United Kingdom May 2023 24 MW with Hygen
Signing of a 100 MW PEM electrolyser contract with Linde Engineering for a large-scale green hydrogen project in Germany
Sale Green Hydrogen Germany October 2022 100 MW with Linde Engineering

Investment Focus

Technologies
Hydrogen1
Geography
Germany1

Key People

Dennis Schulz
CEO
Andy Allen
CFO

Track Record

23
Years Active
Notable projects: Leuna Chemical Complex (Germany) - 20 MW electrolyser, Refhyne II (Germany) - 10 MW electrolyser, H2H Saltend (UK) - 100 MW project with Linde

Detailed Analysis

Technologies
Green Hydrogen
Sectors
Energy TransitionUtilities
Geographies
United KingdomGermanyNetherlandsFranceUnited StatesAustraliaJapanItalySpain
Deal Stage
GreenfieldOperating

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