ITM Power banks on the US hydrogen market

ITM Power hydrogen
ITM Power banks on the US hydrogen market

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.”

Do you want to learn more about hydrogen in the USA and around the world? Then our latest articles on the country should interest you. You can access all of our USA-related articles here

Are you a LinkedIn user who would like to follow the latest hydrogen news on a more regular basis? Then our LinkedIn weekly newsletter may be what you’re looking for. You can subscribe to it here

Article written by Laurent Meillaud and translated by Mariem Ben Tili

If you liked it, share it

About the author

Laurent Meillaud

Laurent Meillaud

Freelance automotive journalist and consultant, author as well, focused on technologies and new trends for more than 30 years, convinced that hydrogen is one of the energies for the future.

Our latest articles

interactive world map