Jan 24 | 2020
(Europe) ITM Linde Electrolysis Incorporate
German engineering firm Linde and UK hydrogen specialist ITM Power have finalized their new joint venture, paving the way for larger scale industrial hydrogen projects.
The new company, named ITM Linde Electrolysis, will focus on the development of "global green gas solutions," utilizing ITM Power’s modular PEM electrolysis technology alongside Linde’s EPC expertise.
The new business will be led by Andreas Rupieper as managing director, moving on from his previous role as vice president, head of business unit petrochemistry at Linde.
“I am delighted that Andreas has been confirmed as MD of the newly incorporated joint venture, demonstrating the collaboration with Linde has proceeded as expected and reached this next stage of development. I look forward to working closely with Andreas as we open new markets and customer opportunities,” said Graham Cooley, CEO of ITM Power.
Significant Market Potential
The announcement is the latest in a series of expansions in the nascent industrial hydrogen power sector. Following extensive prototyping by ITM the sector is expected to see significant growth and breakbulk activity over the medium term as technological opportunities in the green economy grow.
“Hydrogen is a key facilitator in the energy transition and has significant market potential. Joining forces with ITM Power, a leading OEM for electrolysis-based hydrogen production systems enables a joint market offering to serve our customers with the best-in-class solution for their specific requirements,” Rupieper said.
Headquartered in Sheffield, England, ITM Power is a leading developer of hydrogen electrolysis solutions at industrial scale. In October, Linde acquired a 20 percent stake in ITM.
China Expansion
Linde was quick to capitalise on its acquisition, signing a memorandum of understanding with Baowu Steel Group to improve “accessibility of hydrogen to industries” and advance “acceptance of hydrogen mobility solutions,” for the Chinese hydrogen market.
"Linde with its technology leadership in hydrogen is delighted to be the strategic partner for the Baowu Group as we work together to make hydrogen accessible for users across China," said Sanjiv Lamba, CEO Asia Pacific for Linde, adding that the cooperation would “accelerate the development of hydrogen infrastructure and solutions for mobility and other industrial applications.”
Headquartered in Munich, Germany, Linde is the world's largest industrial gas company, with more than 600 affiliated companies in more than 100 countries.
The new company, named ITM Linde Electrolysis, will focus on the development of "global green gas solutions," utilizing ITM Power’s modular PEM electrolysis technology alongside Linde’s EPC expertise.
The new business will be led by Andreas Rupieper as managing director, moving on from his previous role as vice president, head of business unit petrochemistry at Linde.
“I am delighted that Andreas has been confirmed as MD of the newly incorporated joint venture, demonstrating the collaboration with Linde has proceeded as expected and reached this next stage of development. I look forward to working closely with Andreas as we open new markets and customer opportunities,” said Graham Cooley, CEO of ITM Power.
Significant Market Potential
The announcement is the latest in a series of expansions in the nascent industrial hydrogen power sector. Following extensive prototyping by ITM the sector is expected to see significant growth and breakbulk activity over the medium term as technological opportunities in the green economy grow.
“Hydrogen is a key facilitator in the energy transition and has significant market potential. Joining forces with ITM Power, a leading OEM for electrolysis-based hydrogen production systems enables a joint market offering to serve our customers with the best-in-class solution for their specific requirements,” Rupieper said.
Headquartered in Sheffield, England, ITM Power is a leading developer of hydrogen electrolysis solutions at industrial scale. In October, Linde acquired a 20 percent stake in ITM.
China Expansion
Linde was quick to capitalise on its acquisition, signing a memorandum of understanding with Baowu Steel Group to improve “accessibility of hydrogen to industries” and advance “acceptance of hydrogen mobility solutions,” for the Chinese hydrogen market.
"Linde with its technology leadership in hydrogen is delighted to be the strategic partner for the Baowu Group as we work together to make hydrogen accessible for users across China," said Sanjiv Lamba, CEO Asia Pacific for Linde, adding that the cooperation would “accelerate the development of hydrogen infrastructure and solutions for mobility and other industrial applications.”
Headquartered in Munich, Germany, Linde is the world's largest industrial gas company, with more than 600 affiliated companies in more than 100 countries.
