![]() ITM Power ITM Power is a company that specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers. | ![]() Nel Hydrogen Nel ASA is a company that develops and manufactures PEM and alkaline electrolysers for hydrogen production. | |||
Founding Date | Founding Date 2017 | Founding Date 2000 | Founding Date 1927 | Founding Date 2021 |
Type | Type Private | Type Public | Type Public | Type Private |
Tags | ||||
Locations | Locations Lawrence, US HQ | Locations Rotherham, GB HQ Queensland, AU Linden, DE Edinburgh, GB Sheffield, GB | Locations Fort Worth, US HQ | |
Employees | Employees 620% increase | Employees 30814% decrease | Employees 394 | Employees 9 |
Valuation ($) | Valuation ($) N/A | Valuation ($) 323.5 m | Valuation ($) 702.1 m | Valuation ($) N/A |
Financial | ||||
Revenue (est.) | Revenue (est.) N/A | Revenue (est.) £26m (FY, 2025) | Revenue (est.) kr963.1m (FY, 2025) | Revenue (est.) N/A |
Cost of goods | Cost of goods N/A | Cost of goods £42.3m (FY, 2025) | Cost of goods kr400.6m (FY, 2025) | Cost of goods N/A |
Gross profit | Gross profit N/A | Gross profit (£12.9m) (FY, 2025) | Gross profit kr678.2m (FY, 2025) | Gross profit N/A |
Net income | Net income N/A | Net income (£45.5m) (FY, 2025) | Net income (kr1.3b) (FY, 2025) | Net income N/A |
Funding | ||||
Total funding raised | Total funding raised N/A | Total funding raised $ 15.2m | Total funding raised $ 75m | Total funding raised N/A |

ITM Power is a company that specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers.
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Nel ASA is a company that develops and manufactures PEM and alkaline electrolysers for hydrogen production.
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