- Amid Covid-19 disruption and soaring costs, the electrolyser manufacturer has slipped deeper into the red
- It has secured a £30m investment from Italian energy infrastructure group Snam, which follows Linde buying a 20 per cent stake last year
IC TIP:
Hold
at
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ITM Power (ITM) specialises in ‘proton exchange member’ (PEM) electrolysers that can be used to produce ‘green’ hydrogen gas. This means that electricity derived from renewable sources is passed through water to split it into hydrogen and oxygen, and the only emissions produced are those embedded in the energy generation infrastructure.