ITM Power PLC - Sheffield, England-based designer and manufacturer of electrolysers based on proton exchange membrane technology to produce green hydrogen - Partners with Mott Corp to secure ITM's market leadership in electrolyser stack technology. Says ITM and Mott are collaborating to further advance porous transport layers. This is a key component of proton exchange membrane electrolysis. Mott is a precision filtration company based in Connecticut.
ITM Chief Executive Officer Dennis Schulz says: "Mott has demonstrated capability to meet our exacting requirements supported by stringent quality control and innovation. Together, we are progressing real-world technology to advance and future-proof the production of green hydrogen. Our collaboration will cement ITM's technology leadership and play an important role in our supply chain."
Current stock price: 71.22 pence each, down 1.5% on Monday morning in London
12-month change: down 58%
By Xindi Wei, Alliance News reporter
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Itm Power (ITM)