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, GB
Websiteitm-power.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Jun 2022)350(+67%)
Job Openings39
Revenue (FY, 2021)£4.3 M(+30%)
Share Price (Aug 2022)£2(-2%)
Cybersecurity ratingCMore
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Key People/Management at ITM Power

Simon Bourne

Simon Bourne

Chief Technology Officer, Director
Graham Cooley

Graham Cooley

Chief Executive Officer and Director
James Collins

James Collins

Head of Investor Relations
Rachel Smith

Rachel Smith

Executive Director
Andy Allen

Andy Allen

Finance Director
Roger Bone

Roger Bone

Chairman
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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
Show all (4)

ITM Power Financials and Metrics

ITM Power Revenue

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View revenue for all periods
ITM Power's revenue was reported to be £4.28 m in FY, 2021
GBP

Revenue (H1, 2022)

4.2m

Gross profit (H1, 2022)

(893.0k)

Gross profit margin (H1, 2022), %

(21.5%)

Net income (H1, 2022)

(15.4m)

EBITDA (H1, 2022)

(13.6m)

EBIT (H1, 2022)

(15.1m)

Market capitalization (3-Aug-2022)

1.2b

Closing stock price (3-Aug-2022)

2.0

Cash (31-Oct-2021)

164.2m

EV

1.1b
ITM Power's current market capitalization is £1.2 b.
Annual
GBPFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

3.3m5.0m3.3m4.3m

Cost of goods sold

(1.7m)(4.3m)(895.0k)(6.5m)

Gross profit

5.8m7.5m3.4m(1.0m)

Gross profit Margin, %

175%150%105%(24%)
Half Year
GBPH1, 2019H1, 2020H1, 2021H1, 2022

Revenue

1.2m2.4m178.0k4.2m

Cost of goods sold

(887.0k)(3.7m)(1.8m)(5.2m)

Gross profit

2.8m(500.0k)(1.2m)(893.0k)

Gross profit Margin, %

236%(21%)(648%)(21%)
Annual
GBPFY, 2018FY, 2019FY, 2020FY, 2021

Cash

20.4m5.2m39.9m176.1m

Accounts Receivable

4.5m6.5m5.3m5.5m

Prepaid Expenses

6.6m15.1m13.3m6.5m

Inventories

655.0k1.9m4.4m6.4m
Half Year
GBPH1, 2019H1, 2020H1, 2021H1, 2022

Cash

15.6m56.9m25.9m164.2m

Accounts Receivable

19.3m23.2m18.5m21.5m

Inventories

1.7m3.5m6.1m11.7m
Annual
GBPFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

(6.5m)(9.3m)(29.4m)(26.7m)

Depreciation and Amortization

1.7m1.9m2.6m2.6m

Inventories

105.0k(1.3m)(2.5m)(2.0m)

Accounts Payable

1.3m9.0m(2.9m)(1.2m)
Half Year
GBPH1, 2019H1, 2020H1, 2021H1, 2022

Net Income

(5.3m)(9.8m)(11.7m)(15.0m)

Depreciation and Amortization

812.0k1.2m1.2m1.5m

Inventories

(998.0k)(1.6m)(1.7m)(5.3m)

Accounts Payable

2.0m(3.2m)(2.2m)9.6m
GBPFY, 2018

EV/EBITDA

-18.7 x

EV/EBIT

-13.4 x

EV/CFO

-10.6 x

Revenue/Employee

45.6k

Financial Leverage

1.2 x
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ITM Power Revenue Breakdown

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ITM Power revenue breakdown by business segment: 52.2% from OTHER, 43.7% from INDUSTRIAL and 4.0% from Other

ITM Power revenue breakdown by geographic segment: 58.6% from UNITED KINGDOM, 46.0% from GERMANY and -4.6% from Other

ITM Power Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

ITM Power Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

ITM Power Online and Social Media Presence

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ITM Power News and Updates

Insights on the Green Ammonia Global Market to 2027 - Featuring Siemens, ITM Power and ThyssenKrupp Among Others

Dublin, Aug. 26, 2021 (GLOBE NEWSWIRE) -- The "Green Ammonia Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.

Global Green Ammonia Markets Outlook 2021-2028 with Nel ASA, Siemens, ITM Power, ThyssenKrupp, MAN Energy Solutions, McPhy Energy Dominating

DUBLIN, Aug. 18, 2021 /PRNewswire/ -- The "Green Ammonia Market Outlook 2028" report has been added to ResearchAndMarkets.com's offering. The market is projected to garner a revenue of close to USD 850 Million by the end of 2028 from a value of around USD 13 Million in 2019, growing with...

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.

‘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…

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.

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.
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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 James Collins.

  • How many employees does ITM Power have?

    ITM Power has 350 employees.

  • What is ITM Power revenue?

    Latest ITM Power annual revenue is £4.3 m.

  • What is ITM Power revenue per employee?

    Latest ITM Power revenue per employee is £12.2 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.