ITM Power (LON: ITM) is to reduce its headcount after an โunacceptable financial performanceโ by the green hydrogen electrolyser manufacturer in recent times.
ITM Power has secured a ยฃ9.3m government award to accelerate the commercial deployment and manufacture of its five megawatt (MW) โGigastackโ platform for producing green hydrogen.
Hydrogen is sometimes seen as a panacea for all problems and challenges that the energy transition may pose. But is it all itโs cracked up to be? And what colour hydrogen is the best colour?
The consortium behind the Oyster โgreenโ hydrogen project has secured 5 million euros of EU funding to demonstrate their combined offshore wind turbine and electrolyser system.
As most science nerds will know hydrogen is the most abundant element in the universe. Itโs everywhere we look although the vast majority is out of reach until we develop the ability to travel at warp speed. Yes, I admit it. I am a Star Trek fan.