ITM Power and Iwatani form US collaboration agreement

ITM Power and Iwatani form US collaboration agreement

UK-based energy storage and clean fuel company ITM has signed a collaboration agreement with Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation, for the deployment of multi megawatt electrolyser-based hydrogen energy systems in North America.

The partnership will see the two companies peruse their shared vision of reducing pollutants and improving air quality through offering renewable hydrogen to the transportation, energy storage and renewable energy sectors in North America.

The California hydrogen refuelling station market and large-scale liquid and gaseous hydrogen production for domestic and export markets and particular areas of interest for the partnership.

“Iwatani Corporation is a recognised leader in the hydrogen industry, and we are delighted to be collaborating with the company in North America,” said Dr. Graham Cooley, CEO of ITM Power.

“Transport refuelling is just the tip of the iceberg for demand for hydrogen from the renewable sources and this partnership will be well positioned to participate in this exciting and rapidly growing industry.”

The collaboration agreement enables the companies to share opportunities and, where commercial case exists, work together on an exclusive basis to deploy ITM Power’s world leading PEM electrolysers and Iwatani’s gas handling and deployment solutions.

“We are very pleased to have signed this agreement and to be collaborating with ITM Power to meet the needs of customers who have committed to transitioning to low-carbon-intensity derived hydrogen as an energy source,” said Joe Cappello, CEO of Iwatani Americas.

“ITM Power’s world leading electrolysers and Iwatani’s vision for growth in the North American green hydrogen market align very well and we look forward to deploying projects together.”

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