REG - ITM Power PLC - Selected for 710 MW of projects in Germany

ITM PowerAnnouncement

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RNS Number : 4288I  ITM Power PLC  21 November 2025

21 November 2025

 

ITM Power plc

 

Selected for 710 MW of energy infrastructure projects in Germany

 

Stablegrid Group has chosen ITM Power as the technology partner and supplier
for two energy infrastructure projects in Germany, totalling 710 MW of
electrolyser capacity.

Providing grid-friendly loads and growing hydrogen production capacities are
key to the further expansion of renewable energy. The two projects will
operate exclusively for grid balancing, stabilising the power system, and
using underground caverns as hydrogen storage facilities to absorb the
discrepancies between electricity supply and hydrogen consumption. This is
referred to as "predispatch".

This mode of operation called "Netzbrücke", or "grid bridge", is intended
primarily to reduce "redispatch". Redispatch is an intervention used to
eliminate bottlenecks in the electricity grid. Grid operators adjust power
plant output by reducing generation ahead of a congestion point and
simultaneously increasing generation behind it. Redispatch has become
necessary due to the expansion of renewable energy, whose feed-in is
weather-dependent and geographically uneven. Negative redispatch results in
annual costs of 2-3 billion Euros to German taxpayers. Reducing these costs to
zero while putting surplus energy to meaningful use, "complementary hybrid
redispatch", short "predispatch", contributes substantial cost savings to the
expansion of renewable energy.

In the first project, "Netzbrücke 410" based in Rüstringen, ITM Power is
selected to supply a 30 MW green hydrogen production plant based on its
NEPTUNE V containerised electrolysers, including integration works. Stablegrid
Group expects to take the final investment decision (FID) on the project in
2026 and has reserved ITM production capacity accordingly.

The second project involves installing 680 MW of indoor electrolyser capacity.
Stablegrid and ITM Power will begin the pre-FEED work in January 2026. The FID
for this second project is anticipated in 2028.

Dennis Schulz, CEO, said: "Partnering with Stablegrid on these landmark grid
balancing projects in Germany reinforces ITM's position at the forefront of
the energy transition in Europe's largest economy."

Oliver Feller, Member of the Management Board of Stablegrid Group, said: "With
ITM Power, we have a strong and experienced partner at our side who brings the
technical expertise and excellence required to implement system-stabilising
hydrogen projects of this magnitude reliably."

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.

About Stablegrid Group:

The Stablegrid Group, which is based in Mecklenburg-Pomerania and Hamburg, is
a German engineering and project development company that initiates, supports
and implements infrastructure projects, primarily in the renewable energy
sector, across Europe.

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