REG - ITM Power PLC - Engineering integration package for Hynamics

ITM PowerAnnouncement

27/03/2025 07:15

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RNS Number : 4675C  ITM Power PLC  27 March 2025

27 March 2025

ITM Power PLC

 

Engineering integration package for Hynamics

 

ITM Power is pleased to announce that EDF Renewables UK and Hynamics, a 100%
subsidiary of EDF Group, have selected us to execute a plant integration
engineering package for Phase 1 of its North East-based Tees Green Hydrogen
project.

The project, which is part of the UK's Hydrogen Allocation Round 1 (HAR1), has
previously secured funding from the UK government's Net Zero Hydrogen Fund
(NZHF)

In July 2024, ITM announced a capacity reservation for four NEPTUNE II units,
our full-scope 2MW containerised electrolyser plant, with an unnamed large
utility company. Today's announcement is related to the capacity reservation,
and the engineering package will cover the integration of four NEPTUNE II
units with the balance of plant.

The project will boost local industry and transport by supplying green
hydrogen to support decarbonisation efforts and significantly reduce
industrial pollution, securing its long-term sustainability.

Dennis Schulz, CEO, said: "It is a privilege to have been selected by EDF
Renewables UK and Hynamics, and we look forward to collaborating with them."

 

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 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.

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