ITM Power (LSE:ITM) has been selected to supply electrolyser technology for two major green hydrogen projects in the UK, including one awarded under the government’s Hydrogen Allocation Round 2 (HAR2). Both projects will use ITM’s proprietary POSEIDON electrolysis modules, designed to generate green hydrogen for local industrial use and contribute to reducing carbon emissions. These developments further cement ITM Power’s growing role in advancing the UK’s green hydrogen infrastructure.
While the company continues to make progress in securing high-profile contracts and strengthening strategic partnerships, its overall outlook remains mixed. Persistent financial challenges and unfavorable valuation metrics continue to weigh on investor sentiment. Despite this, positive technical indicators suggest short-term strength, and the company’s recent wins may provide momentum for longer-term recovery if financial fundamentals improve.
About ITM Power
Established in 2000 and listed on the AIM market since 2004, ITM Power PLC is based in Sheffield, UK. The company specializes in proton exchange membrane (PEM) electrolyser systems that convert renewable electricity and water into green hydrogen. ITM Power plays a pivotal role in the transition to net-zero energy by supporting the production of sustainable, emission-free hydrogen fuel.
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