REG - ITM Power PLC - 150MW NEPTUNE V capacity reservation with RWE

ITM PowerAnnouncement

22/09/2025 07:00

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RNS Number : 1222A  ITM Power PLC  22 September 2025

22 September 2025

 

ITM Power plc

 

Capacity reservation with RWE for 150MW of NEPTUNE V units

 

ITM Power is pleased to announce that we have entered into a capacity
reservation agreement with RWE for 150MW of NEPTUNE V units.

This reservation, equivalent to 30 units, foresees call-offs by 2027. It
follows RWE's operation of our 4MW pilot plant and our ongoing delivery of
200MW of electrolysers for the GetH2 Nukleus project in Lingen, Germany.

RWE is a leading European energy company with a proven track record of
delivering large-scale green hydrogen projects. This agreement signifies
important repeat business with a major industrial partner and underlines the
growing demand for our products.

NEPTUNE V is our latest generation containerised, green hydrogen plant
solution. Each unit integrates all necessary balance of plant within a compact
containerised design, enabling rapid deployment, simplified installation, and
reliable operation. NEPTUNE V can be interconnected to form bigger
container-based plants. Since its launch last year, the platform has gained
strong commercial traction as a benchmark technology for commercial-scale
green hydrogen projects.

The Company will provide further updates on this agreement as projects are
called off and converted into firm orders.

Dennis Schulz, CEO, said: "We are proud to expand our collaboration with RWE.
Building on our strong relationship developed through the joint execution of
the GetH2 Nukleus project, this additional 150MW capacity reservation
underlines RWE's confidence in our technology and delivery capability. Repeat
business with a global leader in energy is the strongest validation of our
strategy, our products, and our people."

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.

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