ITM Power is a company that specializes in electrolysers, and hydrogen fuel cell products. Founded in June 2001, the company floated on the Alternative Investment Market in 2004, an action which raised £10 million. The company's revenues increased from £8,000 in the fiscal year ending April 2011 to £480,000 in the fiscal year ending April 2012. The company did not make a sale until June 2010, when it provided an electrolyser for the University of Birmingham.