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An update from ITM Power ( (GB:ITM) ) is now available.
ITM Power has secured a Front-End Engineering Design (FEED) contract for a 50MW green hydrogen production site in the EU, utilizing its NEPTUNE V units. This project, expected to produce approximately 5,000 tonnes of green hydrogen annually starting in 2027, highlights ITM Power’s strategic positioning in the growing mid-sized green hydrogen market.
More about ITM Power
ITM Power PLC, founded in 2000 and listed on the AIM market of the London Stock Exchange since 2004, is headquartered in Sheffield, England. The company specializes in designing and manufacturing electrolysers based on proton exchange membrane (PEM) technology, which produce green hydrogen using renewable electricity and water.
YTD Price Performance: -41.41%
Average Trading Volume: 2,787,198
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £214.8M
Learn more about ITM stock on TipRanks’ Stock Analysis page.
