Vox Markets Logo

ITM Power and Iwatani Corporation to deploy energy systems in North America

09:37, 19th November 2019
Francesca Morgan
Company News
TwitterFacebookLinkedIn

ITM Power (ITM) FOLLOW, the energy storage and clean fuel company, and Iwatani Corporation of America announced on Tuesday that they had signed an agreement to deploy multi MW electrolyser based hydrogen energy systems in North America.

ITM Power and ICA’s shared aim is to reduce pollutants and improve air quality by offering renewable hydrogen to the transportation, energy storage and renewable energy sectors. 

The collaboration will enable the companies to share opportunities, particularly in areas of interest such as in the California hydrogen refuelling station market.

ITM price chartIn commercial cases, the two parties will work together on an exclusive basis to deploy ITM Power’s PEM electrolysers and Iwatani's gas handling and deployment solutions.

CEO of Iwatani Americas, Joe Cappello, said the collaboration would meet the needs of customers who “have committed to transitioning to low-carbon-intensity derived hydrogen as an energy source.”

“Transport refuelling is just the tip of the iceberg for demand for hydrogen from renewable sources,” said Dr Graham Cooley, CEO of ITM Power, “and this partnership will be well positioned to participate in this exciting and rapidly growing industry."

Follow News & Updates from ITM Power here: FOLLOW

TwitterFacebookLinkedIn

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

Recent Articles
Watchlist