- This is an update on ITM Power that covers its latest financial results and fundraising exercise.
- The company also added a new name to its roster of European partners.
- Partnerships are ITM Power’s competitive advantage, shoring up its lead in terms of technology and manufacturing scale.
- Regulatory developments in support of hydrogen are gathering pace as countries, including the UK, push ahead with climate action plans.
- We are optimistic about the long-term prospects of ITM Power. But the promise of hydrogen will take time to materialize; at present, the stock is fully valued.
For further details see:
ITM Power: New Partner, Fresh Capital, Thesis Unchanged