ITM Power non-executive director and original funder to step down from board


Energy storage specialist ITM Power has announced that Peter Hargreaves, a non-executive director since 2003, will be stepping down from the board with effect from 31st October.

Commenting on his involvement with ITM Power, Hargreaves (left) said, “I am proud that I have been involved with ITM Power from the time I encouraged the founders to start the Company. As I look back, I honestly feel that ITM Power is now at its most commercially and financially viable since its foundation.”

“During the initial deliberations with the founders in 2001, we had just a concept that Proton Exchange Membrane (PEM) electrolysers and fuel cells would become a major part of the clean energy future. My convictions were such that I provided seed finance for the early days. Today I feel vindicated that ITM Power is a world leader in the manufacture of electrolysers utilising PEM technology. I am sure ITM Power will stay at the forefront of manufacturing equipment for clean hydrogen production. The team in Sheffield is highly regarded throughout the world.”

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