REG - ITM Power PLC - 12.5MW contract with Octopus Energy Generation

ITM PowerAnnouncement

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RNS Number : 0250M  ITM Power PLC  18 December 2025

18 December 2025

 

ITM Power plc

 

12.5MW contract with Octopus Energy Generation

 

ITM Power is delighted to announce the signing of a contract with a project
managed by Octopus Energy Generation to deploy its NEPTUNE V containerised
green hydrogen systems at Kimberly-Clark's Northfleet manufacturing plant in
Gravesend, Kent.

The project will produce green hydrogen to decarbonise the paper-making
process used to manufacture Andrex® products. The green hydrogen will power a
new dual-fuel boiler system at the mill, which can operate on hydrogen or
natural gas to generate the steam needed for paper manufacturing.

The Northfleet system will be financed through funds managed by Octopus Energy
Generation and is being developed through HYRO, Octopus's dedicated green
hydrogen development vehicle, created to drive decarbonisation across
hard-to-electrify, energy-intensive industries.

HYRO was awarded funding under the UK Government's Hydrogen Allocation Round 1
(HAR1), and this contract with ITM further advances the project. The facility
is anticipated to be operational by the end of the calendar year 2027.

Dennis Schulz, CEO of ITM Power, said, "We are proud that Octopus has
selected us for this ground-breaking project, which will showcase the role of
green hydrogen in the decarbonisation of the hard-to-electrify parts of the
UK's manufacturing industry."

Alex Brierley, Co-Head of Octopus Energy Generation's funds team, said, "Heavy
industries are a big part of global emissions, and with HYRO, we're determined
to tackle this challenge head-on. Seeing Northfleet take shape is a fantastic
signal, showcasing how building clean energy infrastructure and strengthening
UK industry go hand in hand."

Dan Howell, Vice President and Managing Director at Kimberly-Clark UK &
Ireland, said: "This is a significant investment into a green hydrogen
solution, and alongside other investments that support our ambition to move
our UK manufacturing operations to 100% renewable energy. We are delighted to
be the first UK consumer goods manufacturer to really embrace green hydrogen,
showing that an energy-intensive industry can take the lead and overcome the
technical challenge and adopt green hydrogen at scale."

For further information, please visit www.itm-power.com
(http://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 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.

About HYRO

HYRO is developing green hydrogen solutions for energy-intensive industrial
businesses with hard-to-electrify processes. HYRO is working with industrial
businesses to develop, own and operate green hydrogen plants, to provide
reliable and cost-competitive sources of clean hydrogen from renewable
energy.

About Octopus Energy Generation

Octopus Energy Generation is driving the renewable energy agenda and building
green power for the future. It is reshaping the market by leading the
transition to a cleaner, greener future through renewable projects connected
more deeply to customers and businesses. As one of Europe's largest specialist
renewables investors, it manages 4.9 GW of green energy projects like wind and
solar farms in 21 countries, worth £7bn ($9bn/ €8.5bn). These generate
enough green power for 3.2 million homes every year - the equivalent of taking
over 1.3 million petrol cars off the road.

For more information, visit www.octopusenergygeneration.com
(http://www.octopusenergygeneration.com)

About Kimberly-Clark

Kimberly-Clark (NASDAQ: KMB) and its trusted brands are an indispensable part
of life for people in more than 175 countries and territories. Our portfolio
of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise,
Depend, Andrex, Pull-Ups, Goodnites, Intimus, Plenitud, Sweety, Softex, Viva
and WypAll, hold No. 1 or No. 2 share positions in approximately 70 countries.
Our company's purpose is to deliver Better Care for a Better World. We are
committed to using sustainable practices designed to support a healthy planet,
build strong communities, and enable our business to thrive for decades to
come. To keep up with the latest news and learn more about the company's more
than 150-year history of innovation, visit the Kimberly-Clark website
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4578312-1&h=3084588715&u=https%3A%2F%2Fwww.kimberly-clark.com%2Fen-us%2F&a=Kimberly-Clark+website)
.

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