ITM Power has been undergoing a very substantial price-rise over the last 2 months. The company's main asset appears to be its low cost electrolysers - costing around $164 kw - potentially - compared to a more typical $2000 off the shelf cost today.

So news today that they have just reached a memorandum of understanding with Hydrogen Engine Center merits close attention.

The deal is that ITM offers an assured supply of hydrogen using its (their words) "low cost" electrolyser technology and in exchange HEC will offer a complete system package using its engine technology. HEC - see website here designs, manufactures and distributes alternative-fueled internal combustion engines and power generation equipment.

You can see the potential synergy between both firms. Definitely one to keep an eye on.