Sheffield-based green hydrogen specialist ITM Power has announced plans to bid for American projects in the wake of the introduction of major US legislation designed to accelerate carbon emission reductions.
The firm, which designs and manufactures electrolysers based on proton exchange membrane technology to produce green hydrogen, has announced to the London Stock Exchange that it will pursue “an accelerated, asset-light entry into the US market” building on existing relationships with North American companies.
The hydrogen roadmap has suggested that America could be producing 10 million metric tonnes of clean hydrogen a year by 2030 and reach 50 million metric tonnes a year by 2050. It complements a $9.5 billion investment for clean hydrogen through the Infrastructure Law. Dennis Schulz, CEO ITM, said: “The US has the potential to become one of the largest markets for green hydrogen.
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