REG - ITM Power PLC - FEED contract for 120MW Uniper project

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RNS Number : 9313N  ITM Power PLC  23 June 2025

23 June 2025

ITM Power plc

 

FEED contract for Uniper's 120MW green hydrogen project

 

ITM Power is pleased to announce that we have signed the Front-End Engineering
Design (FEED) contract for Uniper's 120MW Humber H2ub® project, which was
recently shortlisted as part of the UK's Hydrogen Allocation Round 2 (HAR2).
This milestone follows ITM's selection as the electrolyser supplier for the
project, announced on 8 May 2025.

ITM will deploy six 20MW POSEIDON core electrolysis process modules into the
project, which remains subject to Final Investment Decision (FID) and is
targeted to be operational in 2029.

Dennis Schulz, CEO, said, "The Humber project represents exactly the kind of
scale, ambition and strategic alignment the green hydrogen sector needs right
now. Signing the FEED contract is not just another milestone - it is a signal
that industrial decarbonisation in the UK is moving from concept to reality.
ITM's technology and expertise are at the forefront of that transformation. We
look forward to working with Uniper to progress this landmark project through
FID."

 

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

 ITM Power
 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.

About Uniper:

Düsseldorf-based Uniper is a European energy company with global reach and
activities in more than 40 countries. With around 7,500 employees, the company
makes an important contribution to security of supply in Europe, particularly
in its core markets of Germany, the UK, Sweden, and the Netherlands. Uniper's
operations include power generation in Europe, global energy trading, and a
broad gas portfolio. Uniper procures gas - including liquefied natural gas
(LNG) - and other energy sources on global markets. The company owns and
operates gas storage facilities with a total capacity of more than 7 billion
cubic meters.

Uniper aims to be carbon-neutral by 2040. To achieve this, the company is
transforming its power plants and facilities and investing in flexible,
dispatchable power generation units. Uniper is one of Europe's largest
operators of hydropower plants and is helping further expand solar and wind
power, which are essential for a more sustainable and secure future. Uniper is
gradually adding renewable and low-carbon gases such as biomethane to its gas
portfolio and is developing a hydrogen portfolio with the aim of a long-term
transition. The company plans to offset any remaining CO2 emissions by
high-quality CO2-offsets.

Uniper is a reliable partner for communities, municipal utilities, and
industrial enterprises for planning and implementing innovative, lower-carbon
solutions on their decarbonization journey. Uniper is a hydrogen pioneer, is
active worldwide along the entire hydrogen value chain, and is conducting
projects to make hydrogen a mainstay of the energy supply.

About Uniper in the UK

In the UK, Uniper owns and operates a flexible generation portfolio of power
stations, a fast-cycle gas storage facility and two high pressure gas
pipelines, from Theddlethorpe to Killingholme and from Blyborough to Cottam.
We also have significant long-term regasification capacity at the Grain LNG
terminal in Kent, to convert LNG back to natural gas.

 

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