Picture of ITM Power logo

ITM ITM Power News Story

0.000.00%
gb flag iconLast trade - 00:00
UtilitiesHighly SpeculativeSmall CapSucker Stock

REG - ITM Power PLC - NEPTUNE II contract with a cement producer

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250509:nRSI9578Ha&default-theme=true

RNS Number : 9578H  ITM Power PLC  09 May 2025

9 May 2025

 

ITM Power PLC

 

NEPTUNE II contract with a cement producer

 

ITM Power is pleased to announce that we have signed a contract to supply a
NEPTUNE II unit to a leading Spanish cement producer.

NEPTUNE II is our fully autonomous 2MW electrolyser system. Supplied with
power conversion and incorporating all necessary balance of plant, the green
hydrogen plant can be readily deployed as a complete package.

The NEPTUNE II unit will be deployed in the cement production process, where
green hydrogen will be mixed with natural gas in the cement kiln, thereby
reducing CO2 emissions.

With the shorter lead times for our NEPTUNE II containers, we expect to
recognise the associated revenue for this contract in FY26.

Dennis Schulz, CEO, said, "We are delighted that a well-established cement
producer has chosen ITM for this project. This will be ITM's first system
deployment in the cement industry, which, according to the International
Energy Agency, accounts for around 8% of global CO2 emissions."

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTBLGDUBGGDGUI

Recent news on ITM Power

See all news