Hydrogen is the most common chemical element
Posted: Sat Feb 01, 2025 5:33 am
How much is invested in hydrogen production?
ITM Power owes much to one of its early investors, Peter Hargreaves, who saved the company from bankruptcy by investing four times from his own pocket.
“Nobody knew what the future of the company would be like, people were afraid to invest in hydrogen energy. Now there is no doubt that it was worth it.” — Peter Hargreaves, founder of brokerage firm Hargreaves Lansdown
ITM Power's share price has quadrupled since the start of 2020. Although france number data the company is losing money, its market value is £2.3 billion (about $3.18 billion).
The value of its contracts has tripled compared to last year and reached £156 million (about $213 million). According to estimates by the British bank Barclays, in a decade the market for hydrogen production equipment could grow to $65 billion. Investors are also investing in Norway's NEL and the French company McPhy Energy.
Previously, ITM Power focused on developing small devices for refueling or other facilities that service hydrogen passenger vehicles. Now it is working on larger projects: producing clean hydrogen for refueling large-sized equipment.
ITM Power owes much to one of its early investors, Peter Hargreaves, who saved the company from bankruptcy by investing four times from his own pocket.
“Nobody knew what the future of the company would be like, people were afraid to invest in hydrogen energy. Now there is no doubt that it was worth it.” — Peter Hargreaves, founder of brokerage firm Hargreaves Lansdown
ITM Power's share price has quadrupled since the start of 2020. Although france number data the company is losing money, its market value is £2.3 billion (about $3.18 billion).
The value of its contracts has tripled compared to last year and reached £156 million (about $213 million). According to estimates by the British bank Barclays, in a decade the market for hydrogen production equipment could grow to $65 billion. Investors are also investing in Norway's NEL and the French company McPhy Energy.
Previously, ITM Power focused on developing small devices for refueling or other facilities that service hydrogen passenger vehicles. Now it is working on larger projects: producing clean hydrogen for refueling large-sized equipment.