ITM Power - About the company
ITM Power is a public company based in Sheffield (United Kingdom), founded in 2000. It operates as a Manufacturer of proton exchange membrane electrolysers for green hydrogen production. ITM Power has raised an undisclosed amount in funding. The company has 188 active competitors, including 38 funded and 8 that have exited. Its top competitors include companies like H3 Dynamics, Electric Hydrogen and Supercritical.
Company Details
Manufacturer of proton exchange membrane electrolysers for green hydrogen production. These systems utilize renewable energy to split water into hydrogen and oxygen. The technology facilitates the generation of carbon-free fuel for industrial and transport applications. The equipment operates by passing electrical current through a membrane to produce high-purity gas. This process supports the transition to sustainable energy carriers by providing a method for large-scale hydrogen generation.
- Website
- itm-power.com
- Social
- Email ID
- *****@itm-power.com
- Phone Number
- +44 **********
Key Metrics
Founded Year
2000
Location
Sheffield, United Kingdom
Stage
Public
Latest Funding Round
Investors
Ranked
12th among 188 active competitors
Annual Revenue
£10M - £50M as on Apr 30, 2024
Employee Count
312 as on Dec 31, 2025
Similar Companies
Exit Details
Public
Legal entities associated with ITM Power
ITM Power is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ITM POWER PLC CIN: 5059407 , United Kingdom, Active | Mar 01, 2004 | £10M - £50M (As on Apr 30, 2024) | 312 (As on Dec 31, 2025) | |
ITM POWER PLC CIN: 5059407 , Germany, Active | Feb 29, 2004 | (As on Apr 30, 2019) | 826 (As on Apr 30, 2023) | |
ITM POWER (TRADING) LIMITED CIN: 831947012 , Norway, Active | Mar 12, 2007 | - | - |
ITM Power's IPO details
ITM Power got listed on Jun 11, 2004.
Click here to take a look at ITM Power's IPO in detail
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ITM Power's funding and investors
ITM Power has raised funding over 23 rounds. Its first funding round was on 2001. Its latest funding round was a Grant (prize money) round on Oct 13, 2022 for $*****. 1 investor participated in its latest round. ITM Power has 16 institutional investors.
Here is the list of recent funding rounds of ITM Power:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 13, 2022 | 4619659 | Grant (prize money) | 5178832 | 9968361 | 3153733 | 3052929 |
Nov 22, 2021 | 4698263 | Grant (prize money) | 7687201 | 9404995 | 4378406 | |
Oct 01, 2021 | 5650340 | Grant (prize money) | 9927198 | 2845509 | 1701863 |
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ITM Power's founders and board of directors
Founder? Claim ProfileITM Power's employee count trend
ITM Power has 312 employees as of Dec 25. The total employee count is 5.0% lower than what it was in Dec 24. Here is ITM Power's employee count trend over the years:
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ITM Power's Competitors and alternates
Top competitors of ITM Power include H3 Dynamics, Electric Hydrogen and Supercritical. Here is the list of Top 10 competitors of ITM Power, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | H3 Dynamics 2015, Singapore (Singapore), Series B | Provides aerial inspection services using drones | $39M | 65/100 | |
2nd |  Electric Hydrogen 2020, San Carlos (United States), Series C | Manufacturer of advanced electrolyzer systems for clean hydrogen production solutions | $603M | 64/100 | |
3rd |  Supercritical 2020, London (United Kingdom), Series A | Provider of high-pressure electrolyzer for the production of hydrogen and oxygen from water | $21M | 62/100 | |
4th |  Verdagy 2021, Moss Landing (United States), Series B | Provider of electrolyzers for hydrogen production | $98M | 62/100 | |
5th | Manufacturer of industrial alkaline and solid oxide hydrogen electrolysis systems | $487M | 61/100 | ||
6th |  Jakson Green 2022, Noida (India), Funding Raised | Developer of solar PV projects | - | 60/100 | |
7th |  Peregrine Hydrogen 2023, Seattle (United States), Series A | Green hydrogen production | $15.3M | 59/100 | |
8th | Developer of decentralized green hydrogen production solutions | $6.49M | 59/100 | ||
9th |  Next Hydrogen 2007, Mississauga (Canada), Public | Developer of water electrolyzer technology for green hydrogen production solutions | - | 59/100 | |
10th | Ohmium 2019, Newark (United States), Series C | Manufacturer of proton exchange membrane electrolyzers for green hydrogen production | $295M | 58/100 | |
12th |  ITM Power 2000, Sheffield (United Kingdom), Public | Manufacturer of proton exchange membrane electrolysers for green hydrogen production | - | 57/100 |
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ITM Power's Investments and acquisitions
ITM Power has made no investments or acquisitions yet.
Reports related to ITM Power
Here is the latest report on ITM Power's geography:
News related to ITM Power
Filter this listMedia has covered ITM Power for a total of 42 events in the last 1 year, 28 of them have been about company updates and 5 about partnerships.
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ITM Power and DB Systemtechnik Collaborate on Hydrogen for Rail SectorRenewables Now•Jun 25, 2026•Deutsche Bahn, ITM Power
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Financial Review: Frontier Nuclear and Minerals Inc. Common Shares (NASDAQ:FNUC) and Itm Power (OTCMKTS:ITMPF)Transcript Daily•Jun 24, 2026•ITM Power
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ITM Power partners with Protium Green Solutions to accelerate UK hydrogen economyInsider Media•Jun 03, 2026•Protium, ITM Power, Protium
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ITM Power's Post-MSCI Pause Puts the Focus on a Make-or-Break June for Hydrogen AmbitionsAd Hoc News•Jun 01, 2026•ITM Power
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ITM Power’s June Crossroads: Three Catalysts That Could Confirm or Crush a 212% RallyAd Hoc News•May 31, 2026•ITM Power
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ITM Power: Retail Investors Cash Out as Stock Surges Past £1 Billion ValuationAd Hoc News•Apr 28, 2026•ITM Power
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