ITM Power PLC 50MW FEED Contract Signed
20 Dezember 2024 - 8:00AM
RNS Regulatory News
RNS Number : 8252Q
ITM Power PLC
20 December 2024
20 December 2024
ITM Power PLC
50MW FEED Contract
Signed
ITM Power is pleased to announce that we have
been selected as the technology provider and awarded a Front-End
Engineering Design (FEED) contract for a 50MW green hydrogen
production site in the European Union for an undisclosed
experienced green hydrogen plant developer.
The FEED will be based on ten NEPTUNE V units,
our full-scope 5MW containerised electrolyser plant ideally suited
for mid-sized projects. The FEED will support the project
development ahead of a Final Investment Decision (FID) for the
whole project, which the customer expects to take in 2025. The
plant is planned to start producing approximately 5,000 tonnes of
green hydrogen annually from the second half of 2027 and supply
local industries.
Dennis Schulz, CEO, said: "We are excited to
have been selected as the technology partner for this project.
NEPTUNE V was only launched in May of this year, and this FEED
confirms our view at the time that mid-sized green hydrogen
projects would experience strong momentum in the near
term".
For further information, please visit
www.itm-power.com or
contact:
|
ITM Power
PLC
|
|
|
Justin Scarborough, Head of Investor
Relations
|
+44 (0)114 551 1080
|
|
Berenberg
|
|
|
Ciaran Walsh, Harry Nicholas
|
+44 (0)20 3207 7800
|
|
J.P. Morgan
Cazenove
|
|
|
Richard Perelman, Charles Oakes
|
+44 (0) 20 7742 4000
|
About ITM Power
PLC:
ITM Power was founded in 2000 and ITM Power PLC
was admitted to the AIM market of the London Stock Exchange in
2004. Headquartered in Sheffield, England, ITM Power designs and
manufactures electrolysers based on proton exchange membrane (PEM)
technology to produce green hydrogen, the only net zero energy gas,
using renewable electricity and water.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
CNTEAKANFLLLFFA
Itm Power (LSE:ITM)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Itm Power (LSE:ITM)
Historical Stock Chart
Von Dez 2023 bis Dez 2024
