ITM Power announces new Welsh subsidiary
ENERGY storage and clean fuel company ITM Power has today announced it has received a £1m grant to establish a new subsidiary, ITM Motive.
The new Welsh subsidiary will assist with the establishment of a hydrogen refuelling infrastructure in Wales. The award has come from the Welsh Government.
The Sheffield-based company said the grant reflects a growing momentum and appetite for deployment of its electrolyser based hydrogen refuelling stations at sites across Wales, to produce hydrogen fuel from renewable energy, including the planned M4 corridor project and a wider Welsh roll-out.
ITM Motive will initially establish a business development office in Cardiff. The ultimate intention is to establish a facility for assembly and after sales support in Wales. ITM Motive will work closely with the Baglan Hydrogen Energy Centre at the University of South Wales and Ynni Glan, the clean energy consultancy specialising in fuel cells, hydrogen, solar, wind and bioenergy, on the development of a Welsh hydrogen refuelling infrastructure.
ITM Power has also announced the appointment of Dr John Newton as MD of ITM Motive. Newton has been business development manager at ITM Power for nearly two years and has successfully developed some of its largest UK projects.
The company said the Welsh operation will complement ITM Power’s existing Sheffield facilities and its activity in Yorkshire, the Isle of Wight and other activities across the UK and internationally.
Dr Graham Cooley said: “We recognise the opportunities to benefit from the expertise within Wales and the Hydrogen facilities and project partners of ITM in South Wales. This is also complimented by the increasing penetration of renewable power in Wales and the opportunities to make green hydrogen fuel from wind.”
Welsh Business Minister, Edwina Hart, added: “I am delighted that ITM Power recognises the existing expertise that we have in Wales in this particular field and that it is looking to set up a development base here. Attracting investment in next generation technology supports two of our key sectors and I am pleased to offer funding in support of this investment.”
