REG - ITM Power PLC - Strategic Partnership with Deutsche Bahn AG

ITM PowerAnnouncement

31/03/2025 07:15

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RNS Number : 7966C  ITM Power PLC  31 March 2025

31 March 2025

ITM Power PLC

 

ITM and Deutsche Bahn forge partnership for sustainable transportation and
infrastructure

 

ITM Power has signed an agreement with Deutsche Bahn AG (DB) to collaborate on
sustainable transportation and infrastructure, specifically in the field of
green energies, such as green hydrogen and its derivatives.

DB is one of the largest transport companies and railway operators in Europe
and is committed to being climate-neutral by 2040. A key element of its
decarbonisation strategy is the adoption of alternative drives and usage from
green energy sources. Plans include converting DB's fleet of trains, buses,
and trucks into low and zero-emission vehicles, as well as building new
infrastructure required for operating and maintaining the converted fleets
using green energy and green fuels.

The collaboration between ITM and DB will comprise five key areas:

·    Decarbonising technologies: Deepen the understanding of each other's
technologies designed to decarbonise rail transport, mobility solutions and
related services.

·    Transport and mobility market services and solutions: Exchange
knowledge on the use of green hydrogen across locomotive, bus and truck fleets
while exploring potential partnerships in green energy, transport, mobility,
and infrastructure services, including the evaluation of refuelling
infrastructure.

·    Zero-emissions operations: Understand and develop the pathway to
zero-emissions operations, including the sourcing and storing of green fuels,
such as green hydrogen.

·    Energy resilience and self-sufficiency: Share ideas on energy
resilience & self-sufficiency, including piloting solutions in the railway
and infrastructure sectors.

·    Green energy logistics and supply chain: Gain a comprehensive
understanding of the green fuel supply chain in Germany, Europe, and beyond,
catering to the needs of DB and other stakeholders, including piloting green
hydrogen transport to Germany.

Dennis Schulz, ITM CEO, said, "Deutsche Bahn has an ambitious strategy to
transition towards a clean and climate-friendly rail system in Germany and to
play a major role in the transportation of green fuels. We are delighted to
support Deutsche Bahn in advancing sustainable transport solutions in the
heart of the EU."

Niko Warbanoff, CEO of DB E.C.O. Group, said: "As part of DB, the DB E.C.O.
Group is very interested in developing new ideas and collaborations in areas
such as green energy, decarbonisation and zero emissions, thereby making a
contribution to the rail and infrastructure sector in Germany and around the
world."

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.

About DB Group

The DB Group is a leading provider in the mobility and logistics sector based
in Berlin. It primarily consists of the integrated rail system. The integrated
rail system includes passenger transport activities in Germany, rail freight
transport activities, operating service units, and rail infrastructure
companies in Germany. Deutsche Bahn's expertise is in high demand all around
the world. DB Engineering, Consulting & Operations offers that knowledge -
starting with an idea and continuing all the way to operations, excellent
consulting services, design and realisation of infrastructure and mobility
projects in Germany and worldwide. By offering sustainable solutions, we help
ensure the future success of economic regions and make an important
contribution to environmental protection, thereby shaping the world of
tomorrow.

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