For the past twenty years, ITM Power PLC has been designing and manufacturing electrolyser systems that generate green hydrogen based on proton exchange membrane (PEM) technology. Their electrolysers require just renewable energy and water, with oxygen and water vapour the only by-products.
ITM Power was the first hydrogen related company to be listed on the London Stock Exchange, and since then interest in green hydrogen has increased rapidly worldwide. To help meet demand and accelerate global progress towards net-zero, ITM Power has scaled up at speed.
In 2021, ITM Power opened their new Gigafactory in Bessemer Park, Sheffield: the world’s largest electrolyser production factory. This represented a step-change in their ambition and capacity as a business, enabling them to cut the cost of electrolysers by almost 40% in the next three years, from increased automation and economics of scale.
Role in Project
ITM Power will continue to develop their next-generation electrolyser stacks and work with Orsted and Phillips 66 on Phase 2 of the FEED Study out to the Final Investment Decision.