ITM Power: Funding, Investors & Team (Sep 2026)
ITM Power designs and manufactures Hydrogen Energy Systems for Energy Storage and Clean Fuel production. ITM Power is committed to clean sustainable energy solutions based around water electrolysis. Our principal motivation is to engineer zero-carbon hydrogen energy systems that provide energy security and independence from fossil fuels. ITM's electrolyser and fuel cell technologies have the potential to become the cornerstones of a future hydrogen economy based on 'green' hydrogen. Our hydrogen systems are able to convert renewable energy to a clean fuel, that can be indefinitely stored for use in transport, residential and industrial applications
ITM Power has raised $416M across 3 funding rounds on record, the most recent an undisclosed round of $62.3M announced in Apr 2026.
That round is above the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
ITM Power Company Profile and Key Stats
Latest funding round on record: Apr 2026.
ITM Power Funding Rounds
ITM Power raised $342M in a Post-IPO Equity announced in Oct 2021.
7 months later, a Grant of $11.5M was announced in May 2022.
3.9 years later, an undisclosed round of $62.3M was announced in Apr 2026.
ITM Power Founders and Leadership Team
No contact details are on record for this team yet.
ITM Power Funding Compared to Other Energy Startups
ITM Power's latest round of $62.3M is above the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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ITM Power Funding FAQs
What does ITM Power do?
ITM Power designs and manufactures Hydrogen Energy Systems for Energy Storage and Clean Fuel production. ITM Power is committed to clean sustainable energy solutions based around water electrolysis. Our principal motivation is to engineer zero-carbon hydrogen energy systems that provide energy security and independence from fossil fuels. ITM's electrolyser and fuel cell technologies have the potential to become the cornerstones of a future hydrogen economy based on 'green' hydrogen. Our hydrogen systems are able to convert renewable energy to a clean fuel, that can be indefinitely stored for use in transport, residential and industrial applications
How much funding has ITM Power raised?
ITM Power has raised $416M across 3 rounds on record. The most recent is an undisclosed round of $62.3M announced in Apr 2026.
When did ITM Power last raise funding?
ITM Power's most recent funding round on record is an undisclosed round of $62.3M, announced in Apr 2026.
Who founded ITM Power?
FundedIQ lists Dennis Schulz (Founder) at ITM Power.
Who is the CEO of ITM Power?
Graham Cooley is listed as CEO at ITM Power.
Where is ITM Power headquartered?
ITM Power is based in Sheffield, United Kingdom.
How many employees does ITM Power have?
ITM Power is in the 251-500 employee band.
How does ITM Power's funding compare to other Energy startups?
ITM Power's latest round of $62.3M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's ITM Power Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for ITM Power is left off this page rather than filled in.
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