ITM Power

OverviewSuggest Edit

ITM Power is a company that designs and manufactures products that generate hydrogen gas, based on Proton Exchange Membrane (PEM) technology. The technology only uses electricity and tap water to generate hydrogen gas on-site and has a product offering capable of being scaled to 100MW+ in size.

TypePublic
Founded2004
HQSheffield, GBMap
Websiteitm-power.com
Employee Ratings3.3More
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Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2020)215(+14%)
Revenue (FY, 2019)£4.6 M(+40%)
Share Price (Jul 2021)£4(-1%)
Cybersecurity ratingBMore

Key People/Management at ITM Power

Simon Bourne

Simon Bourne

Chief Technology Officer & Director
Graham Cooley

Graham Cooley

Chief Executive Officer and Director
Rachel Smith

Rachel Smith

Executive Director
Andy Allen

Andy Allen

Finance Director
Roger Bone

Roger Bone

Chairman
Marcus Newborough

Marcus Newborough

Development Director
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ITM Power Office Locations

ITM Power has offices in Sheffield, Rotherham and Hungen
Sheffield, GB (HQ)
22 Atlas Way
Rotherham, GB
Bessemer Park, Bessemer Way
Sheffield, GB
Unit H Letsby Avenue Sheffield Airport Business Park
Hungen, DE
Am Mühlgraben 6
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ITM Power Financials and Metrics

ITM Power Revenue

ITM Power's revenue was reported to be £4.59 m in FY, 2019
GBP

Revenue (FY, 2019)

4.6m

Gross profit (FY, 2019)

(1.2m)

Gross profit margin (FY, 2019), %

(25.4%)

Net income (FY, 2019)

(9.5m)

Market capitalization (29-Jul-2021)

2.2b

Closing stock price (29-Jul-2021)

4.0

Cash (30-Apr-2019)

5.2m

EV

2.2b
ITM Power's current market capitalization is £2.2 b.
GBPFY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

9.0k8.0k480.0k87.0k1.1m1.6m1.9m2.4m3.3m4.6m

Revenue growth, %

1195%45%18%

Cost of goods sold

9.0k6.0k297.0k138.0k2.0m1.0m1.5m1.8m3.4m5.8m

Gross profit

2.0k183.0k(51.0k)(899.0k)590.0k447.0k658.0k(155.0k)(1.2m)
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GBPFY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

193.5k62.6k183.0k6.9m21.8m16.9m12.2m6.6m1.9m9.8m6.6m3.3m1.6m20.4m5.2m

Accounts Receivable

800.0201.014.0k264.0k292.0k38.0k37.0k2.0m6.5m4.4m4.9m14.8m

Inventories

95.0k70.0k12.0k12.0k193.0k762.0k512.0k291.0k760.0k655.0k1.9m

Current Assets

8.2m6.1m32.0m27.6m22.1m17.7m13.3m7.5m7.7m11.7m11.2m10.1m15.0m39.6m39.1m
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GBPFY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(1.2m)(1.9m)(2.7m)(4.0m)(5.2m)(5.1m)(5.8m)(6.2m)(5.9m)(7.8m)(5.6m)(4.0m)(3.8m)(6.1m)

Cash From Operating Activities

1.4m1.9m3.4m5.2m(5.5m)(4.6m)(4.6m)(5.3m)(5.4m)(6.7m)(6.7m)(7.1m)(5.0m)(8.0m)(11.8m)

Cash From Investing Activities

(3.5m)

Cash From Financing Activities

9.1m5.5k28.7m8.0k42.0k442.0k101.0k5.4m11.4m4.8m5.4m5.5m28.4m29.0k
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GBPFY, 2005

Financial Leverage

1 x
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ITM Power Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

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ITM Power Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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ITM Power Online and Social Media Presence

ITM Power's Trends

Embed Graph

ITM Power News and Updates

September 17, 2020

Citi says 'buy' Ceres Power and ITM Power

Citi advised investors to 'buy' shares of Ceres Power and ITM Power as the bank initiated coverage of European hydrogen equipment makers.
September 16, 2020

‘Green Hydrogen for Scotland’ to help reach net zero targets: First project to deliver a 10MW electrolyser to Glasgow facility

A pioneering Strategic partnership has been established to create new green hydrogen production facilities with clusters of refuelling stations across Scotland, supporting the country’s efforts to achieve net zero by 2045. ‘Green Hydrogen for Scotland’ – a partnership of ScottishPower Renewables, B…
July 22, 2020

Breakingviews - Hydrogen investing is a lottery worth playing

Hydrogen is the energy buzzword of the moment. The chemical element could play a key role in the global push to produce carbon-free energy. That appeal is already evident in the toppy valuations of some of the industry’s main participants.
July 13, 2020

Retirement of Non-executive Director

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that Robert Pendlebury has decided to retire from his role as a Non-executive Director with effect from 31 July 2020.
July 08, 2020

European Commission Announces Hydrogen Strategy, Energy Systems Integration Strategy and Clean Hydrogen Alliance

ITM Power (AIM: ITM), the energy storage and clean fuel company, notes the announcement today by the European Commission of its EU Hydrogen Strategy and its Energy Systems Integration Strategy. Later today a Clean Hydrogen Alliance between industry, hydrogen companies and governments will also be la…
June 09, 2020

ITM Linde Electrolysis makes significant progress

The potential role that hydrogen can play in achieving ambitious emissions targets for industry was formally recognised with the announcement of an exciting new venture in the gas industry, ITM Linde Electrolysis (ILE).
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 ITM Power Frequently Asked Questions

  • When was ITM Power founded?

    ITM Power was founded in 2004.

  • Who are ITM Power key executives?

    ITM Power's key executives are Simon Bourne, Graham Cooley and Rachel Smith.

  • How many employees does ITM Power have?

    ITM Power has 215 employees.

  • What is ITM Power revenue?

    Latest ITM Power annual revenue is £4.6 m.

  • What is ITM Power revenue per employee?

    Latest ITM Power revenue per employee is £21.3 k.

  • Who are ITM Power competitors?

    Competitors of ITM Power include McPhy Energy, Hydrogenics and ClearCell Power.

  • Where is ITM Power headquarters?

    ITM Power headquarters is located at 22 Atlas Way, Sheffield.

  • Where are ITM Power offices?

    ITM Power has offices in Sheffield, Rotherham and Hungen.

  • How many offices does ITM Power have?

    ITM Power has 4 offices.