LSE:ITM
AIM UK 50
ITM Power PLC
Renewable Energy
170.2p 10.2p 6.38% (as of close on 22/5/26)
| Market cap (m) | £1,174.7 |
| Enterprise value (m) | £980.4 |
ITM Power PLC designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. The company is also involved in the research and development of scientific and engineering projects; the development and manufacture of prototype products; and the sale of electrolyzer products such as HGas, HFuel, HPac. It offers a range of services including construction, consulting, and other services. Its primary geographic markets are the United Kingdom, the Rest of Europe, Germany, and with maximum revenue from the United Kingdom.
Last Updated: 14/04/2026
ITM Power received backing from the UK government, with Great British Energy Group Ltd to invest via a non-pre-emptive subscription, and the Department for Energy Security & Net Zero indicating intention to award a grant. The funding will support development of capacity for its next-generation Chronos electrolyser stack technology.
The company cited order momentum and a growing backlog. It raised its cash guidance for the year to April, reflecting the expected subscription funds. Management acknowledged the government’s support through equity participation and grant funding.
