LONDON (ShareCast) - (Sharecast News) - ITM Power launched a new wholly-owned subsidiary on Wednesday, Hydropulse, aimed at accelerating the adoption of green hydrogen in industrial sectors.
Based in Berlin, the company said the new business would build, own and operate decentralised green hydrogen production plants using ITM's modular NEPTUNE electrolyser technology, supplying customers under long-term offtake agreements.

The AIM-traded firm said Hydropulse was designed to address key challenges that had delayed many industrial hydrogen projects, including high capital costs, financing hurdles and technology risks.

It said that, by offering green hydrogen as a service with no upfront capital expenditure or operational burden for customers, it was aiming to unlock demand from industries such as mobility, chemicals, steel, food processing and refining.

Hydropulse's business model was focused on small to mid-sized projects tailored to the customer's specific hydrogen demand, with initial operations targeting Germany, the UK and the Nordics.

Customers would manage their own power procurement, limiting Hydropulse's market exposure while securing reliable hydrogen supply.

"With our disciplined and focused approach to electrolyser innovation and manufacturing, we have demonstrated that we possess a deep understanding of the market and the expertise to execute effectively," said CEO Dennis Schulz.

"Approximately 12 months in the making, the launch of Hydropulse opens a new chapter for ITM and the green hydrogen industry.

"By addressing the bankability hurdle of green hydrogen projects through capital expenditure, operations, and technology risk mitigation for the end user, Hydropulse will solve the most pressing real-world challenges that are holding back exponential industry growth."

ITM said the venture would create a recurring and predictable revenue stream, improve factory utilisation and expand its addressable market while maintaining capital discipline.

The company confirmed that initial projects were already under development and would be announced as they progressed towards final investment decisions.

At 1208 BST, shares in ITM Power were down 0.94% at 76.77p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE