# Linde makes £38M strategic investment in ITM Power

Linde AG made a strategic investment of £38 million in ITM Power as part of a total fundraising of at least £52 million, to enhance manufacturing capabilities for large-scale 5MW electrolysers.

- Type: Investment
- Announced: 2019-10-03
- Where: United Kingdom
- Value: $47.0M (38.0M GBP)
- Status: announced
- Products: 5MW electrolysers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [ITM Power](https://endata.com/companies/5705.md)
- [Linde](https://endata.com/companies/472.md) (investor)

## Sources

- [itm-power.com](https://itm-power.com/news/joint-venture-with-linda-ag-and-38m-strategic-investment), 2019-10-03: "a strategic investment of £38.0 million at 40 pence per share by Linde UK Holdings No. 2 Limited, a member of the Linde AG group (Linde)"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.