ITM Power looks ahead to new partnerships

ITM Power, the energy storage and clean fuel company, has today said it looks forward to developing new partnerships with “important” industry players.

The Sheffield-based group said it has allowed three corporate customers access to a data room of technical and corporate information. The companies, which at this stage are confidential, are a global gas group, an oil major and an aerospace and defence company. 

ITM Power CEO, Dr Graham Cooley, said: “We always knew that full engagement with large global companies in industries focused on hydrogen would require a high degree of technical due diligence.  I am delighted to report that our technology and our team performed as well as we could hope and in some cases, even better.
 
“I believe we have a world leading product in our unique Power-to-Gas offering and it is good to know that important players in the industry share this view.  We now look forward to developing partnerships with some or all of the customers who have been through the due diligence process with us and reporting the results of these negotiations to shareholders in due course.”