ITM Power is confident of its ability to meet US standards and enter this highly promising market. The British electrolyser manufacturer, intends to get involved in projects, given the favourable climate for green hydrogen.

ITM Power is able to meet both European (CE) and American (ASME) standards with the same stack, without having to modify its hydrogen production process.A standardisation effort that might prove fruitful. The company also boasts a portfolio of customers that includes industry leaders in the United States.

America is set to become the Eldorado for electrolyser manufacturers, in view of the IRA (Inflation Reduction Act) and its budget of 370 billion dollars. The Biden administration has set itself a target of producing 10 million metric tonnes of hydrogen on its soil in 2030, 20 million in 2040 and 50 million in 2050.

Dennis Schulz, ITM CEO declared: “The US has the potential to become one of the largest markets for green hydrogen. The region’s green hydrogen journey has just started, which provides ITM with a tremendous opportunity to become a leading electrolyser provider as the market develops over the coming years.”

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Article written by Laurent Meillaud and translated by Mariem Ben Tili