ITM Power plc is an energy storage and clean fuel company founded in the UK in 2001. It designs, manufactures, and integrates electrolysers based on (PEM) technology to produce using renewable electricity and tap water. Hydrogen produced via electrolysis is used for mobility, , and industry.
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The fuel-only cost of fossil gas-fired power in early 2022 was 128 USD/MWh, which was more than double that of the of new PV and new onshore wind. Renewable energy is competitive with domestic coal. However in 2022 wind and solar remained more expensive than measures, which were estimated at 14 USD/MWh.
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