REG - ITM Power PLC - Two engineering contracts signed

ITM PowerAnnouncement

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RNS Number : 2713L  ITM Power PLC  12 December 2025

12 December 2025

 

ITM Power plc

 

Two engineering contracts signed

 

ITM Power is pleased to announce that we have been awarded two engineering
contracts:

·    first, a Basic Design Engineering Package (BDEP) contract by an
industrial customer for a project in Australia, and

·    second, a Front-End Engineering Design (FEED) contract for a project
in Canada, which aims to produce hydrogen for transportation from
hydroelectric power.

Both contracts, with a combined capacity of 70 MW, will be based on the
deployment of multiple units of ITM's market-leading NEPTUNE V containerised
green hydrogen production plant.

Dennis Schulz, CEO, said, "We are excited to be working with our customers on
these projects, and to advance the deployment of our NEPTUNE V product into
the Australian and Canadian markets."

 

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.

 

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