ITM has announced that it has begun bidding on contracts in the USA. The US market for hydrogen projects is supported by both the US$370bn Inflation Reduction Act and the specific US$9.5bn of investment for clean hydrogen via the Infrastructure Law. The company’s US market entry is enabled by ITM now being able to supply its basic electrolyser stack into countries using both CE and ASME standards, providing both potential important manufacturing synergies and economies of scale on any ramp up fo ....
16 Oct 2023
ITM Power (ITM LN) - US market entry
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ITM Power (ITM LN) - US market entry
ITM Power PLC (ITM:LON) | 65.6 1.8 4.5% | Mkt Cap: 405.0m
- Published:
16 Oct 2023 -
Author:
Daniel Slater, CFA -
Pages:
5 -
ITM has announced that it has begun bidding on contracts in the USA. The US market for hydrogen projects is supported by both the US$370bn Inflation Reduction Act and the specific US$9.5bn of investment for clean hydrogen via the Infrastructure Law. The company’s US market entry is enabled by ITM now being able to supply its basic electrolyser stack into countries using both CE and ASME standards, providing both potential important manufacturing synergies and economies of scale on any ramp up fo ....