ITM Power Competitors and Similar CompaniesClear all
ITM Power's competitors and similar companies include Hydrogenics, McPhy Energy, Nel Hydrogen and Plug Power.
 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 2000 | Founding Date 1995 | Founding Date 2008 | Founding Date 1927 | Founding Date 1997 |
Type | Type Public | Type Subsidiary | Type Public | Type Public | Type Public |
Tags | |||||
Locations | Locations Rotherham, GB HQ Queensland, AU Linden, DE Edinburgh, GB Sheffield, GB | Locations Mississauga, CA HQ | Locations Grenoble, FR HQ Foussemagne, FR Paris, FR Wildau, DE San Miniato Basso, IT | Locations Latham, US HQ | |
Employees | Employees 30814% decrease | Employees 921% increase | Employees 258 | Employees 394 | Employees 3,22410% decrease |
Valuation ($) | Valuation ($) 323.5 m | Valuation ($) N/A | Valuation ($) 71.3 m | Valuation ($) 702.1 m | Valuation ($) 2 b |
Financial | |||||
Revenue (est.) | Revenue (est.) £26m (FY, 2025) | Revenue (est.) N/A | Revenue (est.) €13.2m (FY, 2024) | Revenue (est.) kr963.1m (FY, 2025) | Revenue (est.) $709.9m (FY, 2025) |
Cost of goods | Cost of goods £42.3m (FY, 2025) | Cost of goods N/A | Cost of goods €10.6m (FY, 2024) | Cost of goods kr400.6m (FY, 2025) | Cost of goods $952m (FY, 2025) |
Gross profit | Gross profit (£12.9m) (FY, 2025) | Gross profit N/A | Gross profit €4.1m (FY, 2024) | Gross profit kr678.2m (FY, 2025) | Gross profit ($242m) (FY, 2025) |
Net income | Net income (£45.5m) (FY, 2025) | Net income N/A | Net income (€74.1m) (FY, 2024) | Net income (kr1.3b) (FY, 2025) | Net income ($1.7b) (FY, 2025) |
Funding | |||||
Total funding raised | Total funding raised $ 15.2m | Total funding raised $ 13.3m | Total funding raised $ 25.5m | Total funding raised $ 75m | Total funding raised $ 87.7m |
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Hydrogenics
HQ
Mississauga, CA
Hydrogenics is a designer and manufacturer of hydrogen systems.
View company
McPhy Energy
HQ
Grenoble, FR
Employees
258
McPhy Energy is a company specializing in the hydrogen energy transition.
View companyNel Hydrogen
HQ
Oslo, NO
Employees
394
Nel ASA is a company that develops and manufactures PEM and alkaline electrolysers for hydrogen production.
View company
Plug Power
HQ
Latham, US
Employees
3,224↓ 10% decrease
Plug Power is a company that provides hydrogen and fuel cell solutions.
View company