The market’s confidence in the future of green hydrogen has been clearly demonstrated by the fact that the world’s leading electrolyser manufacturer, ITM Power, is now valued at £3.16bn ($4.3bn), despite only bringing in revenue of £200,000 in the six months to 31 October 2020.
The half-year financial results, published last Thursday, briefly hit the UK company’s share price — driving it from an all-time high of £717 last Tuesday to £$513, but the stocks rebounded to £608 by the close of play.
