ITM Power Plc - ITMPF stock
OTC Symbol: ITMPF | OTC Tier: Pink Current | Related ticker symbols: LON: ITM
About[edit]
ITM Power Plc, headquartered in Sheffield, United Kingdom, is a company that designs, manufactures, and markets hydrogen energy systems for various sectors, including energy storage, transportation, and industry, with operations in the United Kingdom, Germany, Australia, the rest of Europe, and the United States; its product offerings include HGas1SP, HGas3SP, 3MEP CUBE, and 2GEP Skid, and the company is also engaged in developing and manufacturing prototype products, as well as selling electrolysis equipment, automotive fuel, hydrogen, electrolyser solutions, and hydrogen storage solutions.[1]
History[edit]
ITM Power Plc is a British company specializing in hydrogen energy solutions. It was founded in 2001 by Dr. Graham Cooley and Prof. Roger Putnam as a spin-out from the University of Sheffield. The company's origins can be traced back to research conducted at the university in the field of hydrogen energy and fuel cell technologies.[2]
Dr. Graham Cooley, who served as the CEO of ITM Power until 2021, played a significant role in the company's early days and its growth into a leading player in the hydrogen sector. The company's initial focus was on the development of proton exchange membrane (PEM) electrolysis technology, which is a key component in the production of hydrogen through water electrolysis.[3]
ITM Power's core technology involves using renewable energy sources, such as wind and solar power, to produce green hydrogen. The company's electrolyzers split water into hydrogen and oxygen using electricity generated from renewable sources, making it a carbon-neutral and sustainable method of hydrogen production.[3]
Over the years, ITM Power has continued to advance its electrolyzer technology, making it more efficient and cost-effective. The company has also been involved in numerous projects and collaborations, working with various partners and stakeholders to promote the adoption of hydrogen as a clean energy carrier.[3]
- ↑ Yahoo Finance. ITMPF Stock Profile. Retrieved on 10/2/2023.
- ↑ GOV.uk. ITM Power Plc. Retrieved on 10/2/2023.
- ↑ 3.0 3.1 3.2 Wikipedia. ITM Power. Retrieved on 10/2/2023.
