REG - ITM Power PLC - Launch of Hydropulse

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RNS Number : 2214O  ITM Power PLC  25 June 2025

25 June 2025

 

ITM Power plc

 

Launch of Hydropulse - Solving the Industrial Green Hydrogen Challenge

ITM Power, a global leader in electrolyser technology, is excited to announce
the launch of Hydropulse GmbH, a wholly owned subsidiary based in Berlin,
Germany. Hydropulse will build, own and operate decentralised green hydrogen
production plants using ITM's modular NEPTUNE technology, with a focus on
serving industrial customers under long-term offtake agreements.

Unlocking Demand That Others Can't

Many industrial green hydrogen projects across Europe are facing delays and
challenges due to complexity, capital costs, bank financing, and technology
risks. Hydropulse offers a simple, scalable solution: green hydrogen as a
service, produced directly where it's needed with no capital expenditure, no
technology risk, and no operational burden for the offtaker.

Hydropulse plants will be configured around the customer's molecule demand
profile and operated via a remote operations centre. Customers retain power
procurement or respective price indexation, reducing the market exposure of
Hydropulse, and they guarantee long-term hydrogen offtake.

Benefitting from direct access to ITM Power's market-leading electrolyser
systems at highly competitive costs without unnecessary risk buffers or
intermediaries, Hydropulse will be able to produce green hydrogen at an
exceptionally low price point. This will unlock many projects that struggled
to reach Final Investment Decision (FID).

Designed for Industry. Built to Scale

The Hydropulse business model is tailored for industrial users with dependable
hydrogen needs - from mobility applications, chemicals and steel to food
processing and refineries. Each project will be built around a guaranteed
long-term offtake agreement. Targeted project sizes will be small to mid-size
projects. The regional focus will initially be on Europe, specifically
Germany, the UK, and the Nordics.

Powering ITM's Next Phase of Growth

Hydropulse creates a new growth engine for the ITM Group, accelerating its
path to profitability with a recurring, high-quality and predictable revenue
stream, expanding the addressable market, improving factory utilisation, and
creating shareholder value - all while preserving capital discipline.

Hydropulse is not pursuing merchant hydrogen markets, logistics, or
speculative refuelling infrastructure. Our focused approach ensures risk is
contained and returns are tied to real industrial use cases with dependable
demand.

Initial projects are already under development and will be announced as they
mature towards FID.

Dennis Schulz, CEO of ITM Power plc and Managing Director of Hydropulse GmbH,
commented, "With our disciplined and focused approach to electrolyser
innovation and manufacturing, we have demonstrated that we possess a deep
understanding of the market and the expertise to execute effectively.
Approximately 12 months in the making, the launch of Hydropulse opens a new
chapter for ITM and the green hydrogen industry. By addressing the bankability
hurdle of green hydrogen projects through capital expenditure, operations, and
technology risk mitigation for the end user, Hydropulse will solve the most
pressing real-world challenges that are holding back exponential industry
growth."

 

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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