15
Aug
12:11
ITM Power to sell H2 refuelling JV to boost electrolyser business
British electrolyser manufacturer ITM Power is selling its hydrogen refuelling joint venture Motive Fuels, Kallanish reports.
Set up in March 2022, the joint venture with energy and commodities trader Vitol builds and operates hydrogen refuelling stations in the UK. While both companies committed £30 million ($38m) each to the venture, ITM will now redirect £28m of the original investment to its core electrolyser business, the company said in a stateme…
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