Startups
ITM Power is committed to clean sustainable energy solutions based around water electrolysis. Our principal motivation is to engineer zero-carbon hydrogen energy systems that provide energy security and independence from fossil fuels.
ITM's electrolyser and fuel cell technologies have the potential to become the cornerstones of a future hydrogen economy based on 'green' hydrogen. Our hydrogen systems are able to convert renewable energy to a clean fuel, that can be indefinitely stored for use in transport, residential and industrial applications.
ITM has grown from its original platform of novel polymeric electrolytes (for water electrolysis and hydrogen fuel cells) to that of a technology provider. ITM now has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions.
ITM's electrolyser and fuel cell technologies have the potential to become the cornerstones of a future hydrogen economy based on 'green' hydrogen. Our hydrogen systems are able to convert renewable energy to a clean fuel, that can be indefinitely stored for use in transport, residential and industrial applications.
ITM has grown from its original platform of novel polymeric electrolytes (for water electrolysis and hydrogen fuel cells) to that of a technology provider. ITM now has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions.
Overview
Location
United Kingdom, England, Sheffield
Employees
201-500
Phone
+44 114 244 5111
Total raised
$343.63M
Founded date
2001
Investors 2
| Date | Name | Website |
| Sign up to see | Sign up to see | Sign up to see |
| Cambridge Capital Group | cambridgecapitalgroup.co.uk |
Funding Rounds 1
| Date | Series | Amount | Investors |
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Mentions in press and media 23
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Apr 22, 2025 | ITM Power: Shares in green hydrogen specialist skyrocket | Shares in ITM Power soared on Tuesday after the green hydrogen specialist hiked full-year guidance for revenue and cash generation. The London-listed firm said it expects annual revenue of between £25.5m and £26.5m, a 30 per cent increase o... |
| Nov 14, 2024 | From a Cold Start to a US$180 Billion Market by 2035 - Green Hydrogen is Set to Displace, Outpace, and Outgrow Polluting Alternatives | Green hydrogen production is rapidly accelerating, driven by demand from hard-to-abate heavy industries, surpassing past conservative predictions LONDON, Nov. 14, 2024 /PRNewswire/ -- Green Hydrogen (H2) is the cleanest form of hydrogen pro... |
| Jan 23, 2023 | Alternative Fuels in Europe: A Mapping of Key Innovation Players | For all the progress towards decarbonization via electrification in various industries, fossil fuels are still the main energy source for the heavy industry and mobility sectors. Stakeholders are betting on alternative fuels such as hydroge... |
| Jan 10, 2022 | ITM Power : Grant Award in Germany for SINEWAVE Project | ITM Power GmbH has been approved for a €1.95m award for the project SINEWAVE 10 January 2022 ITM Power plc ("ITM Power" or the "Company") Grant Award in Germany for SINEWAVE Project ITM Power GmbH has been approved for a... |
| Dec 16, 2021 | ITM Power : Trading Update – Record Backlog | ITM Power has announced its work-in-progress, contracts backlog and tender pipeline alongside unaudited financial results for the six months to 31 October 2021. 16 December 2021 ITM Power plc ("ITM Power" or the "Company"... |
| Nov 29, 2021 | UK impact startups raise €2.36B to solve the world’s biggest challenge: Know more here | As technology becomes all important in solving global problems such as climate change, escalating health risks, and food insecurity, UK impact tech startups – companies founded to build solutions to the UN Sustainable Development Goals – ha... |
| Nov 22, 2021 | ITM Power : UK Government Investment Secured for Whitelee Windfarm Green Hydrogen Phase 1 | UK Government Investment Secured for Whitelee Windfarm Green Hydrogen Phase 1 Monday, 22 November 2021 07:45 22 November 2021 ITM Power plc ("ITM Power" or the "Company") UK Government Investment Secured for Whitelee Win... |
| Nov 12, 2021 | Gigastack Project one step closer to renewable hydrogen at industrial scale as Phase 2 concludes | Gigastack Project one step closer to renewable hydrogen at industrial scale as Phase 2 concludes Friday, 12 November 2021 09:11 Gigastack Project one step closer to renewable hydrogen at industrial scale as Phase 2 concludes The consortium ... |
| Nov 1, 2021 | Value of UK Net Zero tech companies has nearly doubled in one year, skyrocketing from $24.4bn to $47.6bn | Value of UK Net Zero tech companies has nearly doubled in one year, skyrocketing from $24.4bn to $47.6bn 01-11-2021 As COP26 begins, Tech Nation has today published its Net Zero 2021 Report to explore the opportunities and challenges facing... |
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FAQ about ITM Power (LSE: ITM.L)
When was ITM Power (LSE: ITM.L) founded?
ITM Power (LSE: ITM.L) was founded in 2001.
How much funding has ITM Power (LSE: ITM.L) raised?
ITM Power (LSE: ITM.L) has raised $343.63M in total across 1 funding round.
Who has invested in ITM Power (LSE: ITM.L)?
Parsers VC lists 2 investors of ITM Power (LSE: ITM.L), among them Cambridge Capital Group.
What has the press written about ITM Power (LSE: ITM.L)?
Parsers VC has collected 23 articles mentioning ITM Power (LSE: ITM.L), among them “ITM Power: Shares in green hydrogen specialist skyrocket” (Apr 22, 2025) and “From a Cold Start to a US$180 Billion Market by 2035 - Green Hydrogen is Set to Displace, Outpace, and Outgrow Polluting Alternatives” (Nov 14, 2024).
Is ITM Power (LSE: ITM.L) still active?
Yes, ITM Power (LSE: ITM.L) is active; its latest activity on Parsers VC dates from Apr 22, 2025.