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ITM Power

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Designs and manufactures electrolysers based on proton exchange membrane technology to produce green hydrogen

Sheffield, United KingdomFounded 2000Transportation
Valuation $691M Market cap · 2026
Revenue $42M Latest reported FY
Total funding $50–100M Disclosed equity funding

About ITM Power

ITM Power specializes in the design and manufacture of PEM electrolysers, which are pivotal in producing green hydrogen using renewable energy sources. This technology supports the global transition to net zero by offering a sustainable fuel alternative that does not compromise air quality or the natural balance of oxygen and water in the atmosphere. ITM Power serves industries and businesses aiming to decarbonize their operations, particularly in the transport and industrial sectors. As a publicly listed company on the London Stock Exchange, ITM Power leverages its expertise to provide robust after-sales support and ongoing maintenance, ensuring optimal performance of its systems. The company's business model focuses on selling electrolysers and related services, generating revenue through both product sales and long-term service agreements. With a strong emphasis on research and development, ITM Power continues to innovate in the field of green hydrogen, positioning itself as a key player in the energy transition. Keywords: PEM electrolysers, green hydrogen, net zero, renewable energy, decarbonization, transport, industry, London Stock Exchange, after-sales support, research and development.

Source: Dealroom company data

At a glance

Founded
2000
Headquarters
Sheffield, United Kingdom
Listing
IPO 2004
Sector
Transportation
Power Law
Unicorn$1–10B valuation tierColt$25–100M revenue

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • UK Department for Energy Security and Net Zero

Series B and later5 investors entered at this stage

  • The Linde Group
  • Linde AG
  • Merrill Lynch
  • Investec
  • Great British Energy
Team profiled 13 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
10 countries with
team presence
🇬🇧 United Kingdom87.5%
🇩🇪 Germany6.3%
🇫🇷 France1.1%
🇦🇺 Australia1.1%
🇦🇪 United Arab Emirates1.1%
Top 5 of 10 shown
Web traffic by country
18K monthly visits
across markets
🇩🇪 Germany30%
🇬🇧 United Kingdom28.3%
🇺🇸 United States17.8%
🇳🇱 Netherlands8.3%
🇮🇳 India7.8%
Top 5 markets shown

Patents

Estimated portfolio value
$12M

14 active patent families included in this estimate.

A patent family groups patent filings for the same invention. Source: Dealroom · PatSnap.

Explore the patent portfolioPatent records, technology areas and peer comparisonsBook a demo

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about ITM Power on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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