|Traded as||LSE: ITM|
|Dr. Graham Cooley (CEO)|
|Revenue||£480,000 (Fiscal year Apr 2011-Apr 2012)|
ITM Power is a company that specializes in electrolysers, and hydrogen fuel cell products. Founded in June 2001, the company floated on the Alternative Investment Market in 2004, an action which raised £10 million. The company's revenues increased from £8,000 in the fiscal year ending April 2011 to £480,000 in the fiscal year ending April 2012. The company did not make a sale until June 2010, when it provided an electrolyser for the University of Birmingham. Their fuel cells differ from traditional ones since they use a hydrocarbon membrane, instead of a fluorocarbon membrane.
ITM Power was created in June 2001, and was the first United Kingdom-based fuel cell company that went public. February 2004 Peter Hargreaves joined ITM Power as a Non-Executive Director. In May 2006, Roger Putnam CBE, was appointed as the independent Non-Executive Director of ITM Power. That month, ITM Power also raised around £29 million by placing 9,189,235 Ordinary Shares at 320p each.
In June 2009, Graham Cooley was made CEO of ITM Power.
Power to Gas
Power-to-Gas is a methodology of introducing such hydrogen to the natural gas network, essentially converting renewable electrical power to a clean gas that can be more conveniently stored using existing assets. There are two main Power-to-Gas mechanisms. The first involves metering pressurised hydrogen into the gas network directly. The second involves combining hydrogen with carbon dioxide via a methanation process to produce synthetic natural gas prior to introduction to the grid.
ITM’s HGas product brings together Rapid Response Electrolysis and self-pressurising PEM electrolysis into a fully integrated package. HGas is capable of addressing MW scale applications, HGas accommodates fluctuating power profiles while generating hydrogen at pressures suitable for either direct injection into natural gas networks (assisting grid balancing or via methanation processes without additional compression
ITM Power is a founding member of H2USA participation in H2USA, the hydrogen infrastructure programme for the USA launched by The United States Energy Department in May 2013, a new public-private partnership focused on advancing hydrogen infrastructure to support more transportation energy options for US consumers, including fuel cell electric vehicles (FCEVs). The new partnership brings together auto manufacturers, government agencies, gas suppliers, and the hydrogen and fuel cell industries to coordinate research and identify cost-effective solutions to deploy infrastructure that can deliver affordable, clean hydrogen fuel in the United States.
Members of the H2USA partnership include the American Gas Association, Association of Global Automakers, the California Fuel Cell Partnership, the Electric Drive Transportation Association, the Fuel Cell and Hydrogen Energy Association, Hyundai Motor America, ITM Power, Massachusetts Hydrogen Coalition, Mercedes-Benz USA, Nissan North America Research and Development, Proton OnSite, and Toyota Motor North America.
Hydrogen On Site Trials (HOST)
Hydrogen On Site Trials (HOST) is a trial of ITM Power’s transportable high pressure refuelling unit (HFuel) which was built with support from the Technology Strategy Board (TSB) was launched at Stansted Airport in March 2011. HFuel is suited to small fleet and early "hydrogen highway" applications of both fuel cell and hydrogen engine vehicles (FCV and HICEV). It is based around a modular platform (standard 20 foot shipping containers) and can be expanded at any point after the initial installation enabling a staged rollout of hydrogen fuel. Membership of HOST provides partners with a one-week free trial of HFuel and the two Ford HICE transit vehicles. ITM personnel manage and operate the demonstrations with liaison with site owners’ operations and management. 21 commercial partners joined the HOST trials from seven different industrial sectors
UKH2Mobility is a new government and cross-industry programme to make hydrogen powered travel in the UK a reality. Industry signatory parties to the Memorandum of Understanding are: •Air Liquide Hydrogen Energy, SA •Air Products PLC •Daimler AG •Hyundai Motor Company •Intelligent Energy Limited •ITM Power PLC •Johnson Matthey PLC •Nissan Motor Manufacturing (UK) Limited •Scottish and Southern Energy plc •Tata Motors European Technical Centre plc •The BOC Group Limited •Toyota Motor Corporation •Vauxhall Motors
Synopsis of Phase1 published by UKH2Mobility on 4 February 2013 also includes the mix of production methods able to provide cost-competitive hydrogen to the consumer while delivering very significant CO² emissions reductions. The full report can be viewed here:
High-power-density fuel cell
ITM Power’s hydrocarbon fuel cell membrane is highly conductive and has demonstrated a power density exceeding 1.5 W/cm2 at 600 mV with hydrogen/air, 0.3 mg/cm2 of platinum catalyst per electrode and low gas pressures (1.5 bara). ITM's membrane material has repeatedly shown durability beyond 700 hours (representing many thousands of hours of normal operation). This represents over three times the longevity specified in the DoE target, and comparable with the best results measured for incumbent fluorocarbon membrane materials and as such is a significant indication of ITM Power’s fuel cell membrane durability.
Ecoisland Partnership CIC
The Ecoisland Partnership CIC project brings together a number of key companies of smart energy technologies to demonstrate how a future energy system can be configured on an island. With renewable generation including solar, wind, tidal and geothermal the island will need to match supply and demand using battery energy storage, hydrogen energy storage and demand side management. These technologies will be coordinated centrally by smart grid technologies supplied by IBM, Cable & Wireless Worldwide, SSE and Toshiba. ITM Power is the hydrogen fuel partner and will supply hydrogen refueling equipment controlled by smart grid technology to optimize both renewable energy storage and the provision of fuel to both fuel cell vehicles and Hydrogen Internal Combustion Engine commercial vehicles.
Green energy project
In July 2012, ITM Power, along with four other companies, was selected by the Technology Strategy Board innovation agency and the Department of Energy and Climate Change in the United Kingdom to develop ways of using clean energy on transport systems. ITM's assigned project was to build an electrolysis based hydrogen refueller to be used as transport fuel on the Isle of Wight. The plan is to make the Isle of Wight carbon neutral, by having residents create fuel at their home. The company is part of the Ecoisland Partnership CIC.
Nottingham University Refuelling Station
ITM Power installed an electrolyser driven hydrogen refueling station named Hfuel at Nottingham University. The refuelling station can provide hydrogen at 350 bar to vehicles and 150 bar to the university's laboratory. ITM Power wrote a report detailing the process of Electrolysation, and the impact of the Hfuel refueller at the university.
- Forster, Josephine (August 3, 2012). "U.K. Companies Get $3 Million in Quest for Cheaper Hydrogen Car". Bloomberg News. Retrieved 21 October 2012.
- "ITM Power plans flotation in UK". Fuel Cells Bulletin. 2004 (6): 5–9. 2004. doi:10.1016/S1464-2859(04)00204-4.
- "ITM Power – revenues grow from £8k to £480k in a year". The Hydrogen Journal. Retrieved 11 October 2012.
- Bourne, S. (2012). "ITM's membrane technology unlocks the power of hydrogen". Fuel Cells Bulletin. 2012 (7): 12–12. doi:10.1016/S1464-2859(12)70214-6.
- "Appointment of Roger Putnam". ITM Power. Retrieved 12 October 2012.
- "Placing of 9,189,235 new Ordinary Shares at 320p to raise approximately £29 million". LSE. Retrieved 12 October 2012.
- "Graham Cooley: Executive Profile & Biography". Bloomberg Business Week. Retrieved 3 November 2012.
- "HGas". ITM Power. 2013-03-13. Retrieved 2013-10-12.
- "Fuel Cell Membrane Performance Update". ITM Power. Retrieved 2013-10-12.
- "Ecoisland CIC". Eco-island.org. Retrieved 2013-10-12.
- Little, Darren. "The Start Of The Hydrogen Age?". News.sky.com. Retrieved 2013-10-12.
- "EcoIsland Speech; Terrace Room, House of Commons" (PDF). November 15, 2011. Retrieved 21 October 2012.
- "Brew your own". The Economist Magazine. July 30, 2008. Retrieved 3 November 2012.
- "UK projects accelerate 'green' hydrogen energy" (PDF). Fuel Cells Bulletin: 1–5. July 2012. Retrieved 11 October 2012.
- "Eco Valley". Retrieved 21 October 2012.
- "A self-sufficient Isle of Wight". The Economist magazine. November 19, 2011. Retrieved October 21, 2012.
- Czyzewski, Andrew (10 November 2011). "ITM Power set to offer energy storage for EcoIsland project". The Engineer. Retrieved 21 October 2012.
- Murphy, Alisa (October 1, 2012). "Minister of State for Energy announced as keynote speaker for Ecoislands Global Summit". Life Size Media. Retrieved 21 October 2012.
- "University of Nottingham installs own hydrogen fuelling station". The Green Car Website. Retrieved 15 October 2012.
- "Futuristic vision moves a step closer to reality". This is Nottingham. Retrieved 15 October 2012.
- "A Modular Hydrogen Facility At A University Campus" (PDF). ITM Power. Retrieved 3 November 2012.