Business
ITM Linde Electrolysis GmbH & Appointment of MD
ITM Linde Electrolysis GmbH & Appointment of MD.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 6519A ITM Power PLC 23 January 2020 \n\n23 January 2020\n \nITM Power plc\n(\"ITM Power\", \"the Group\" or the \"Company\")\n \nIncorporation of ITM Linde Electrolysis GmbH and Appointment of Managing Director \n \nITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the incorporation of ITM Linde Electrolysis GmbH (\"ITM Linde\"), a joint venture company between ITM Power and Linde as announced in October.\n \nITM Linde will focus on providing global green gas solutions using ITM Power's modular PEM electrolysis technology and Linde's world class EPC expertise to deliver turnkey solutions to customers.\n \nITM Power is also pleased to announce that Andreas Rupieper, Head of Group R&D and Portfolio Management at Linde will be appointed as Managing Director of ITM Linde. Before Joining Linde as Vice President - Head of Business Unit Petrochemistry, Andreas worked as a senior consultant for Management Engineers, now part of PWC Strategy and before that for 13 years at Thyssenkrupp, most recently as Project Director, EPC.\n \nGraham Cooley, CEO of ITM Power, commented: \"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.\"\n \nAndreas Rupieper, Managing Director of ITM Linde, added: \"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.\"\n \nFor further information please visit www.itm-power.com or contact:\n \n\n\n\nITM Power plc\nGraham Cooley, CEO\n \n\n\n+44 (0)114 244 5111\n\n\n\n\nInvestec Bank plc (Nominated Adviser and Broker)\nChris Sim / Jeremy Ellis / Ben Griffiths\n \n\n\n+44 (0)20 7597 5970\n\n\n\n\nTavistock (Financial PR and IR)\nSimon Hudson / Edward Lee / Barney Hayward\n\n\n+44 (0)20 7920 3150\n\n\n\n \nAbout ITM Power plc:\nITM Power plc manufactures integrated hydrogen energy solutions for...