Sumitomo Corporation and ITM Power have entered into a strategic partnership agreement for the development of multi-megawatt projects in Japan based exclusively on ITM Power’s electrolyser products.
Both companies said they have a similar vision for improving air quality, through the use of hydrogen (H2) to decarbonise heat, transport and industrial processes by deploying PEM electrolysers. Both parties agree on the importance of storing renewable energy using the production of CO2-free H2.
Under the terms of the agreement, ITM Power will supply multi-megawatt electrolyser systems to Sumitomo for integration into wider projects on an exclusive basis in Japan and on a non-exclusive basis in other territories.
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