ITM Power (GB:ITM) has released an update.
ITM Power PLC has announced a significant deal with a large utility company to reserve production capacity for four NEPTUNE II electrolyser units, to be manufactured for a UK project in 2025/2026. The NEPTUNE II units, which feature ITM’s advanced TRIDENT stack technology, are part of a project that has already secured HAR1 funding, with the Final Investment Decision expected in 2025. CEO Dennis Schulz highlighted the intense qualification process and ITM’s competitive edge based on operational data.
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