Sheffield-based green hydrogen firm ITM Power announced the launch of Hydropulse GmbH, a wholly owned subsidiary based in Berlin, Germany.
Hydropulse will build, own and operate decentralised green hydrogen production plants using ITM’s modular NEPTUNE technology, with a focus on serving industrial customers under long-term offtake agreements.
“Many industrial green hydrogen projects across Europe are facing delays and challenges due to complexity, capital costs, bank financing, and technology risks,” said ITM Power.
“Hydropulse offers a simple, scalable solution: green hydrogen as a service, produced directly where it’s needed with no capital expenditure, no technology risk, and no operational burden for the offtaker.
“Hydropulse plants will be configured around the customer’s molecule demand profile and operated via a remote operations centre.”
ITM Power CEO Dennis Schulz said: “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.
“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.”