74.60p
+0.74%
Close of 9 Nov 2026, in pence
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About ITM Power
Its shares trade on LSE under the ticker ITM.L. It has been listed since 11 June 2004. In the fiscal year to 30 April 2026, it reported revenue of £43.6m and a net loss of £25.0m. At that date it held total assets of £371.7m and shareholders' equity of £240.1m.
ITM Power Plc engages in the business of hydrogen energy solutions. The company is headquartered in Sheffield, South Yorkshire. The company went IPO on 2004-06-11. The firm has a range of product platforms based on Proton Exchange Membrane (PEM) technology. The firm's product, HGas, is designed for Power-to-Gas applications. HGas accommodates fluctuating power profiles while generating hydrogen at pressures suitable for either direct injection into natural gas networks or through methanation processes without additional compression. The firm's product, HFuel, is a module applicable for refueling hydrogen-powered road vehicles and forklift trucks. HFuel generates hydrogen by electrolysis, compresses it, stores it and dispenses the gas on demand. The HPac system is a mid-ranged electrolyzer product that produces hydrogen gas at a rate of approximately five kilogram/day and a pressure of over 15 bar. HPac is a PEM electrolyzer. HPac produces hydrogen for a range of fuel cell and industrial applications.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 11 Jun 2004
- Employees
- 178
- Website
- itm-power.com ↗
Leadership
Pay as last reported
- Sir Roger BoneNon-Executive Independent Chairman of the Board£150,000
- Mr. Pedram PazoukiPresident - Products, Projects
- Mr. Dennis SchulzChief Executive Officer, Executive Director, since 2022£1.2m
- Ms. Amy GreyChief Financial Officer, Executive Director, since 2025£186,276
- Dr. Simon BourneChief Technology Officer, Executive Director, since 2009£550,500
- Mr. Andrew AllenVice President - Strategy, since 2014£362,204
- Mr. Tim CalverVice President - Commercial
- Mr. Martin ClayVice President - Operations
- Mr. Peter PoetschacherVice President - EU, Middle East
- Mr. Huan QuayleGeneral Counsel, Company Secretary
- Sir Warren EastNon-Executive Director
- Mr. John HowarthNon-Executive Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 52
- Environment
- 60
- Social
- 63
- Governance
- 34
- Direct emissions (scope 1)
- 62 t
- Energy emissions (scope 2)
- 1,121 t
- Value chain emissions (scope 3)
- 15,951 t
- Women in the workforce
- 22.15%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- ITM Power PLC has a strong technological expertise in the development and production of hydrogen energy solutions. The company's solid research and development capabilities enable it to stay at the forefront of innovation in the field.
- The company has established a reputable brand image and has gained recognition for its high-quality products and services in the hydrogen fuel cell market. This provides ITM Power with a competitive advantage and a loyal customer base.
Weaknesses
- ITM Power PLC may face limitations in terms of production capacity, which could restrict its ability to meet increasing market demand. Scaling up production may require significant investments and potential operational challenges.
- The company's dependency on suppliers for critical components may expose it to supply chain risks, especially if there are disruptions or quality issues with these suppliers. This vulnerability could impact ITM Power's ability to fulfill orders in a timely manner.
Opportunities
- The global push towards a low-carbon economy presents a significant growth opportunity for ITM Power PLC. The increasing emphasis on renewable energy sources, including hydrogen, creates a positive market environment for the company to expand its customer base.
- ITM Power can leverage its technological expertise to further develop and improve its product offerings. This can include enhancing the efficiency and cost-effectiveness of its hydrogen energy solutions, giving the company a competitive edge in the market.
Threats
- The hydrogen energy market is still in its nascent stage and faces uncertainties and regulatory challenges. Changes in government policies and regulations could impact the growth prospects of ITM Power PLC and its ability to penetrate new markets.
- Increased competition in the hydrogen fuel cell industry poses a threat to ITM Power's market share. The entry of new players or established competitors strengthening their offerings could potentially erode the company's competitive advantage.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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