Linklaters advises ITM Power plc on its £250 million capital raise through share placing

We advised ITM Power plc, the energy storage and clean fuel company which focusses on the production of green hydrogen, on a fully documented £250 million capital raise, tapping the European and US capital markets.

With the largest Electrolyser manufacturing facility in the world, ITM Power manufactures integrated hydrogen energy solutions to enhance the utilisation of renewable energy that would otherwise be wasted to produce a clean & flexible fuel source for industry and transportation.

Mike Bienenfeld, the lead US Corporate partner, stated “We are thrilled to have worked closely with this fantastic company who are at the forefront of the green hydrogen revolution.”

Chris Staples, London Corporate partner, stated “With governments coming together later this month in Glasgow to discuss how we reduce global emissions, we are delighted to be able to help a UK manufacturer access the capital it needs to develop the kind of cutting edge technological solutions we need to have a sustainable future.”

The Linklaters team was led by partners Mike Bienenfeld and Chris Staples, and counsel Asad Ahmed. They were supported by US associate Alexa Carrero-Haig.