ITM’s new plant-building subsidiary brings industrial gas playbook to green hydrogen
ITM Power has launched a German-based subsidiary that will build, own, and operate green hydrogen plants based on the OEM’s electrolysis technology, following a similar business model that has served industrial gas majors for decades.
Hydropulse GmbH will focus on supplying industrial customers with “dependable hydrogen needs” in areas like chemicals, steel, food processing, refineries, and mobility, through long-term offtake agreements.
H2 View understands small- to mid-sized projects will be initial target for the company, where it will validate commercial, technical, and operational aspects.
ITM claims the subsidiary will offer “green hydrogen as a service” without capex, technology risk or operational burden for the offtaker.
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