ITM Power electrolyzer order book points to booming green hydrogen demand

摘要

UK-based electrolyzer producer ITM Power has more than doubled its tender pipeline in the last 12 months, painting a bullish outlook for the renewable hydrogen market. ITM Power submitted firm bids for electrolyzers worth a total GBP607 million ($855 million) in the year ended April 30, up 131% on the year, constituting 593 MW of potential demand, the company said in a trading update June 10. The figure includes quotations submitted in response to commercial tenders in the 12-month period, and is expected to be contracted in the next three years, giving a gauge of growth in the global electrolysis market.