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Plug Power's competitors and similar companies include ITM Power.
Plug Power
Plug Power
Plug Power is a company that provides hydrogen and fuel cell solutions.
ITM Power
ITM Power
ITM Power is a company that specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers.
Founding Date
Founding Date
1997
Founding Date
2000
Type
Type
Public
Type
Public
Tags
Locations
Locations
Latham, US HQ
Locations
Rotherham, GB HQ
Queensland, AU
Linden, DE
Edinburgh, GB
Sheffield, GB
Employees
Employees
3,22410% decrease
Employees
30814% decrease
Valuation ($)
Valuation ($)
2 b
Valuation ($)
323.5 m

Financial

Revenue (est.)
Revenue (est.)
$709.9m (FY, 2025)
Revenue (est.)
£26m (FY, 2025)
Cost of goods
Cost of goods
$952m (FY, 2025)
Cost of goods
£42.3m (FY, 2025)
Gross profit
Gross profit
($242m) (FY, 2025)
Gross profit
(£12.9m) (FY, 2025)
Net income
Net income
($1.7b) (FY, 2025)
Net income
(£45.5m) (FY, 2025)

Funding

Total funding raised
Total funding raised
$ 87.7m
Total funding raised
$ 15.2m
For sources of this data, please see the company profile

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ITM Power
HQ
Rotherham, GB
Employees
308↓ 14% decrease

ITM Power is a company that specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers.

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