10th Jul 2023 08:34
(Alliance News) - ITM Power PLC said on Monday that it was expanding in Germany this October, opening new facilities with office space for more than 50 employees.
ITM Power, a Sheffield, England-based designer and manufacturer of electrolysers based on proton exchange membrane technology to produce green hydrogen, said its new facilities will have a warehouse with special equipment.
The company said it was launching ITM Power Germany GmbH in Linden, north Frankfurt, in October this year.
"ITM Power Germany will also be home of ITM's global business development function, of various engineering disciplines, aftersales technicians, field engineers, procurement and other functions," the company said.
Chief Executive Officer Dennis Schulz said: "This expansion in Germany will not only support responsive aftersales in the heart of the EU as our core market, but will also be home for various business functions that are enablers for ITM's accelerated growth.
"As we are scaling our operations, this is a major step in gearing up for an increasing degree of local content creation in the EU."
Shares in ITM Power were up 3.1% at 69.46 pence in London on Monday morning.
By Will Neill, Alliance News reporter
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