ITM Power
Updated: February 17, 2026
CEO Dennis Schulz
Country: UK | Funding: £549.4M (+)
Founded: 2001
Website: https://itm-power.com/
ITM Power designs and manufactures proton-exchange membrane (PEM) electrolyzers for producing clean hydrogen using renewable electricity and tap water. Hydrogen produced by electrolysis is used in the transportation, Power-to-X projects and industrial processes. The company offers electrolyzers with capacities ranging from 2 to 50 MW. The units work with 30-bar pressure. Thanks to its very high current density, the technology reduces footprint and lowers costs. Combined with high conversion efficiency, it provides flexibility for optimizing project capital and operating costs. ITM has already deployed several commercial plants to customers and is using data to measure in-field product performance.
Founded: 2001
Website: https://itm-power.com/
ITM Power designs and manufactures proton-exchange membrane (PEM) electrolyzers for producing clean hydrogen using renewable electricity and tap water. Hydrogen produced by electrolysis is used in the transportation, Power-to-X projects and industrial processes. The company offers electrolyzers with capacities ranging from 2 to 50 MW. The units work with 30-bar pressure. Thanks to its very high current density, the technology reduces footprint and lowers costs. Combined with high conversion efficiency, it provides flexibility for optimizing project capital and operating costs. ITM has already deployed several commercial plants to customers and is using data to measure in-field product performance.
