REG - ITM Power PLC - FEED contract for multi-unit NEPTUNE V project

ITM PowerAnnouncement

Mon 07:00

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RNS Number : 0507C  ITM Power PLC  06 October 2025

6 October 2025

 

ITM Power plc

 

FEED contract for multi-unit NEPTUNE V project

 

ITM Power is pleased to announce that we have signed a Front-End Engineering
Design (FEED) contract for a project which has been shortlisted in the UK's
Hydrogen Allocation Round 2 (HAR2).

The FEED is based on multiple NEPTUNE V units, our 5MW containerised green
hydrogen plant. The project remains subject to a Final Investment Decision
(FID). Our customer expects the plant to be operational in 2028.

Dennis Schulz, CEO, said, "We are delighted to have signed the FEED contract
for yet another UK HAR2 project. This is a further signal that NEPTUNE V is
the leading containerised product for mid-scale green hydrogen projects, and
we are looking forward to supporting our customer to progress the project
through FID."

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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