LSE:ITM
AIM UK 50
ITM Power PLC
Renewable Energy
107.5p 0.8p 0.75% (as of close on 21/8/26)
| Market cap (m) | £742.0 |
| Enterprise value (m) | £547.7 |
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: 15/07/2026
ITM Power said the UK Department for Energy Security & Net Zero has formally awarded a GBP46.5 million grant. Alongside a GBP40 million equity investment from Great British Energy, the funding will support manufacturing of its new Chronos electrolyser stack and establishment of a dedicated manufacturing line at the company’s existing Sheffield facilities.
The project will deploy automated production equipment, including investment in catalyst-coated membrane production, electrode welding, specialist coating, and stack assembly lines, targeting 1 gigawatt of annual capacity. ITM plans in-house production of modular test systems and procurement of validation materials to support ramp-up, with management stating Chronos is expected to deliver improved energy efficiency and reduced cost.
