Through the agreement, the Iwatani Corporation subsidiary and UK-based energy storage and clean fuel company hope to reduce pollutants and improve air quality by offering renewable hydrogen to the transportation, energy storage and renewable energy sectors in North America.
ITM Power: Right place, right time
“We are very pleased to have signed this agreement and be collaborating with ITM Power to meet the needs of customers who have committed to transitioning to low-carbon-intensity derived hydrogen as an energy source,” said Joe Cappello, CEO of Iwatani Americas.
“ITM Power’s world leading electrolysers and Iwatani’s vision for growth in the North American green hydrogen market align very well and we look forward to deploying projects together.”
Iwatani enters US hydrogen market
The collaboration enables the two companies to share opportunities and, where a commercial case exists, work together on an exclusive basis to deploy ITM Power’s PEM electrolysers and Iwatani’s gas handling and deployment solutions.
“Iwatani Corporation is a recognised leader in the hydrogen industry, and we are delighted to be collaborating with the company in North America,” said Dr. Graham Cooley, CEO of ITM Power.
“Transport refuelling is just the tip of the iceberg for demand for hydrogen from renewable sources and this partnership will be well positioned to participate in the exciting and rapidly growing industry.”
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