ITM Power

company

About

ITM Power designs and manufactures Hydrogen Energy Systems for Energy Storage and Clean Fuel production.

  • 251 - 500

Details

Last Funding Type
Post-IPO Equity
Last Funding Money Raised
£250M
Industries
Clean Energy,Energy,Manufacturing
Founded date
Jun 1, 2001
Number Of Employee
251 - 500
Operating Status
Active

ITM Power designs and manufactures Hydrogen Energy Systems for Energy Storage and Clean Fuel production.

ITM Power is committed to clean sustainable energy solutions based around water electrolysis. Our principal motivation is to engineer zero-carbon hydrogen energy systems that provide energy security and independence from fossil fuels.

ITM's electrolyser and fuel cell technologies have the potential to become the cornerstones of a future hydrogen economy based on 'green' hydrogen. Our hydrogen systems are able to convert renewable energy to a clean fuel, that can be indefinitely stored for use in transport, residential and industrial applications

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
£259.30M
ITM Power has raised a total of £259.30M in funding over 2 rounds. Their latest funding was raised on May 19, 2022 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 19, 2022 Grant £9.30M 1 Low Carbon Hydrogen Supply 2 Competition Detail
Oct 14, 2021 Post-IPO Equity £250M 1 Detail
Apr 1, 2004 Series Unknown 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
3
ITM Power is funded by 3 investors. Low Carbon Hydrogen Supply 2 Competition and Investec are the most recent investors.
Investor Name Lead Investor Funding Round
Low Carbon Hydrogen Supply 2 Competition Yes Grant
Investec Post-IPO Equity
Octopus Ventures Series Unknown