REG - ITM Power PLC - Selected for two UK projects

ITM PowerAnnouncement

Yesterday 07:00

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RNS Number : 0764N  ITM Power PLC  17 June 2025

17 June 2025

 

ITM Power PLC

 

Selected for two UK projects

 

ITM Power is pleased to announce that a customer has selected us as the
supplier for a large-scale green hydrogen project in the UK, which was
successful in the government's Hydrogen Allocation Round 2 (HAR2), alongside a
separate, smaller project in the UK.

ITM will deploy POSEIDON, our core electrolysis process module, into both
projects. POSEIDON offers unmatched efficiency, rapid response times, and an
optimised footprint.

The two projects aim to supply local industries with green hydrogen to reduce
carbon emissions. Each project remains subject to a Final Investment Decision
(FID), and our customer wishes to remain undisclosed until this point.

Dennis Schulz, CEO, said, "We are honoured to be chosen for yet another HAR2
project in the UK, just weeks after Uniper confirmed us for their 120MW Humber
project. This supplier selection demonstrates two things: that the UK is
starting to gain traction in green hydrogen, and that we are establishing
early leadership in our home market."

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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