ITM Power is commencing bidding into green hydrogen and electrolyser projects in the US market.
The PEM electrolyser manufacturer is now able to supply the same stack – the heart of any ITM electrolyser – into both CE and ASME territories.
This standardisation was an important precursor for the company, so that it can use one production process and supply chain, simplifying operations and enabling economies of scale.
ITM will pursue an accelerated, asset-light entry into the US market, building on relationships with various North America based partners, some of which it announced recently as collaborations.
The US is widely recognised as having the potential to become one of the largest markets for electrolysers.
Supported by the $370bn Inflation Reduction Act (IRA), the US National Clean Hydrogen Strategy and Roadmap, released in June 2023, identified future demand scenarios, with strategic opportunities for the domestic production of 10 million metric tonnes (MMT) of clean hydrogen annually by 2030, 20 MMT annually by 2040, and 50 MMT annually by 2050.
It complements the $9.5bn investment for clean hydrogen through the Infrastructure Law.
To put the US domestic production opportunity into context, the International Energy Agency (IEA) estimates that the current global use of grey hydrogen is 95 MMT per annum.
Dennis Schulz, CEO ITM, said: “The US has the potential to become one of the largest markets for green hydrogen.
“The region’s green hydrogen journey has just started, which provides ITM with a tremendous opportunity to become a leading electrolyser provider as the market develops over the coming years.”