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15 Oct
15:48

ITM Power to increase electrolyser manufacturing capacity to 5 GW

UK’s hydrogen solutions manufacturer ITM Power will expand its manufacturing capacity to 5 gigawatts/year by 2024 following a fundraising, Kallanish reports. The company announced on 15 October it raised £250 million ($344.1m) in a conditional placing of 57.49 million shares at 400 pence each. The placing on 14 October with institutional investors and certain directors was oversubscribed. Technology partner Linde and a member of the senior management …
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