ITM Power

Designs and manufactures electrolysers based on proton exchange membrane technology to produce green hydrogen.

Launch date

2000

Employees

Market cap

Enterprise valuation

CAD82m (Public information from Jun 2004)

Company register number 11782530

Sheffield England (HQ)

Date	Investors	Amount	Round
-	SNAM Octopus Ventures Cambridge Capital Group	N/A	-
Jun 2004*	N/A	£10.0m Valuation: £45.7m	IPO
Aug 2008	Innovate UK	£540k	Grant
Jan 2010	Innovate UK	£580k	Grant
Jan 2011	Innovate UK	£350k	Grant
Aug 2012	Innovate UK	N/A	Grant
Jun 2013	Innovate UK	N/A	Grant
Jan 2014	N/A	£10.0m	Post IPO Equity
Jun 2015	Innovate UK	N/A	Grant
Jan 2018	Innovate UK	£190k	Grant
Jan 2019	N/A	€42.7m	Post IPO Equity
Oct 2019	The Linde Group Linde AG	£38.0m	Post IPO Equity
Oct 2020	N/A	€132m	Post IPO Equity
Oct 2021	Investec Merrill Lynch	£250m	Post IPO Equity
May 2022*	N/A	£9.3m	Grant
Total Funding		CAD19.7m

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