It’s been another transformational year for ITM Power, CEO Graham Cooley said today (Sep 13) as the UK firm released its full year 2021 results.
Whilst ITM Power reported a loss from operations of £26.7m, its sales revenue jumped 30% to £4.3m, compared to 2020’s £3.3m total.
ITM Power says its contacts backlog sits at £171m, constituting 310MW of electrolysers, up 44% year-on-year.
Highlights from the time period include ITM Power’s strategic partnership with Linde Engineering, sale of what ITM Power says is the world’s largest PEM electrolyser to Linde and commercial partnership agreement with Snam.
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