REG - ITM Power PLC - ITM Power releases POSEIDON 20MW module

ITM PowerAnnouncement

17/08/2023 07:15

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RNS Number : 5664J  ITM Power PLC  17 August 2023

17 August 2023

 

 

 

 

 

 

 

 

ITM Power PLC

 

ITM Power releases POSEIDON, our new cutting-edge 20MW module

 

ITM is excited to announce the release of POSEIDON, our new cutting-edge 20MW
core electrolysis process module. Engineered by ITM incorporating real-world
lessons learned from commercial projects, this standardised module with
optimised footprint is replicable for scaling up into large-scale plants.

POSEIDON consists of skid-mounted units which can be pre-fabricated and
pre-tested. This reduces deployment timelines and construction costs, and
de-risks projects.

The module is based on ITM's state-of-the-art stack technology, is suitable
for both indoor and outdoor installation, and can be efficiently integrated
into the balance of plant.

POSEIDON is now available and we have started bidding the module into
commercial projects.

Dennis Schulz, CEO, said: "Green hydrogen project sizes continue to scale, and
ITM is responding with a new product release. POSEIDON is a game-changer for
large-scale electrolyser deployments."

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

 James Collins, Head of Corporate Affairs          +44 (0)114 551 1205

 Investec Bank plc (Nominated Adviser and Broker)  +44 (0)20 7597 5970
 James Rudd / Chris Sim / Ben Griffiths

 

 

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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