ITM Power Chosen for 120MW Green Hydrogen Initiative by Uniper

PUBLISHED: May 08 2025 @ 02:57 | Comments (0) | More info about Fiona Craig

ITM Power (LSE:ITM) has been selected by energy company Uniper to provide technology for a major green hydrogen project in the UK—Humber H2ub® (Green). The 120MW project, which is part of the UK government’s Hydrogen Allocation Round 2, will feature ITM’s proprietary POSEIDON electrolysis modules. It is designed to help decarbonize the Humber Refinery, one of the UK’s key industrial sites, while also supporting the creation of skilled employment in the region. A final investment decision is anticipated by 2026, with the facility expected to become operational in 2029.

Despite this significant opportunity, ITM Power continues to face financial headwinds. The company is grappling with persistent losses and negative cash flow, which weigh heavily on its market valuation. Although recent strategic alliances and upward revisions in revenue forecasts have offered some support, the overall investment outlook remains cautious. Technical market indicators currently suggest a bearish stance.

Company Snapshot: ITM Power

Established in 2000 and publicly listed on the AIM segment of the London Stock Exchange since 2004, ITM Power is based in Sheffield, UK. The company focuses on developing and manufacturing proton exchange membrane (PEM) electrolysers. These systems generate green hydrogen from renewable electricity and water, contributing to the broader shift toward clean energy.

Average Daily Trading Volume: 2,520,045 shares
Technical Sentiment Indicator: Sell
Market Capitalization: £193.9 million

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