ITM Power (ITM) Investor presentation summary

Strategic UK government backing

• £86.5m support package includes £40m from Great British Energy and £46.5m grant from DESNZ, supporting a 1 GW Chronos manufacturing line.

• Green hydrogen is a UK government priority, with ambitious targets and HAR funding.

• ITM is positioned as the UK's electrolyser champion, supporting energy sovereignty and export growth.

Market position and growth outlook

• Over 26 years of R&D, with a robust product portfolio and vertical integration for competitive advantage.

• Delivered or contracted for approx. 500 MW, with 550 MW in additional capacity reservations.

• Market expected to grow eleven-fold to 77 GW in five years (excl. China), driven by global policy and funding.

• Sales pipeline exceeds 20 GW, with strong demand from Europe and China.

Product innovation and portfolio

• Product range includes Neptune II (2 MW), Neptune V (5 MW), Poseidon (20 MW), and Alpha (50 MW), all powered by the Trident stack.

• Trident platform offers high efficiency, low degradation, and meets/exceeds EU 2030 targets.

• Chronos next-generation stack targets 40% cost reduction, 10% energy efficiency improvement, and >50% footprint reduction.