Menu
  • Home
  • London Exchange
  • Euronext
  • Australian Exchange
  • Wire
  • Contact Us
  • Business & Finance
NewsnReleases

ITM Power to open new facilities in Germany to support growth in EU market

Posted on July 10, 2023October 24, 2023

LONDON, UK: ITM Power, a leading manufacturer of large-scale electrolysers for green hydrogen production, has announced that it will open its new subsidiary, ITM Power Germany GmbH, in Linden, north of Frankfurt, in October this year.

The new facilities will have office space for more than 50 employees, and a warehouse with special equipment for storing the company’s state-of-the-art stacks in lightweight skids ready for quick deployment as aftersales spares. The facilities will also house repair and maintenance, as well as training of customers and partners.

The expansion will enable ITM Power to minimise response time to customers, maximise value from the use of its products, and drive advancements in core technology and product improvements, development of new business models around remote monitoring/operations and predictive maintenance, as well as commercial certainty around tightened system performance guarantees. These activities will be led by the company’s new global Data and Industrial IoT team which will be based in Linden.

ITM Power Germany will also be home of ITM’s global business development function, of various engineering disciplines, aftersales technicians, field engineers, procurement and other functions.

Dennis Schulz, CEO of ITM Power Germany, said: “This expansion in Germany will not only support responsive aftersales in the heart of the EU as our core market today, but will also be home for various business functions that are enablers for ITM’s accelerated growth. As we are scaling our operations, this is a major step in gearing up for an increasing degree of local content creation in the EU.”

ITM Power is a UK-based company that designs and manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. The company has active projects in Germany and wider Europe today, as well as for future projects which are now in bidding stage.

ITM Power announces strategic collaboration with Mott Corporation

ITM Power announces electrolyser sale to Linde for H2Pioneer in Austria

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Track all markets on TradingView

Investing.comThe Exchange Rates are powered by Investing.com.

Site Navigation

  • Home
  • Listed Companies
  • Contact Us
  • London Stock Exchange
  • Singapore Exchange
  • Canadian Exchange
  • Australian Exchange
  • Oslo Bourse
  • PSX
  • Ratings
  • Euronext
  • MENA
  • Nasdaq Nordic
  • Wire
  • Business & Finance
  • Gadget Reviews
  • About Us: A Comprehensive Financial News Database

All news and articles on NewsnReleases are based on press releases, corporate announcements and analysts’ reports issued to London Stock Exchange (LSE), Euronext, Singapore Exchange (SGX), Japan Stock Exchange (JPX), Dubai Financial Market (DFM), Saudi Stock Exchange (Tadawul), Qatar Stock Exchange (QSE), BSEIndia, Australia Stock Exchange etc.

Listed Companies

Equity Markets and Stock Exchanges

NNR
©2025 NewsnReleases | WordPress Theme by Superb WordPress Themes