ITM Power plans US market entry

ITM Power has today (October 16) announced it is entering the US market to capitalise on the region’s potential supported by recent policy moves.

The UK-based firm says it will pursue an “accelerated, asset-light” entry to the market, further building on existing relationships in North America.

It comes after a year in which ITM has undertaken a cost reduction programme seeing it sell its UK hydrogen refuelling joint venture, further expand into Europe and release its new 20MW electrolyser module.

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