REG - ITM Power PLC - 20MW contract FID

ITM PowerAnnouncement

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RNS Number : 0411T  ITM Power PLC  16 February 2026

16 February 2026

 

ITM Power plc

 

20MW contract FID

 

ITM is pleased to confirm receipt of the Notice to Proceed (NtP) for a 20MW
project, which we previously announced and for which the customer has now
taken a Final Investment Decision (FID).

ITM anticipates being able to provide further details towards the end of the
first quarter of 2026.

The NtP formally authorises ITM to commence full project work, thereby setting
the official contract start date. Accordingly, the contract is now firm and
will be added to our contracted order backlog.

Dennis Schulz, CEO, said, "We are proud that we have been entrusted to deliver
yet another important industrial-scale project, and we are looking forward to
providing more information on the project specifics in due course."

 

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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