ITM Power PLC Secures Major Contract for Green Hydrogen Production in APAC
Key Ideas
- ITM Power has been chosen as the supplier for over 300MW of electrolysers to produce green hydrogen for a power plant in the Asia-Pacific region, aiming to reduce carbon emissions.
- The project has received funding approval from local authorities but is still pending a Final Investment Decision (FID).
- CEO Dennis Schulz expressed excitement about advancing the project to FID through collaboration with the customer.
- ITM Power, headquartered in Sheffield, England, specializes in designing and manufacturing electrolysers for green hydrogen production using renewable electricity and water.
ITM Power PLC has been selected as the supplier for a significant project in the Asia-Pacific region, involving the production of over 300MW of electrolysers to generate green hydrogen for a power plant. While the customer remains confidential, the project has already secured funding approval from local authorities, with the Final Investment Decision (FID) pending. Dennis Schulz, the CEO of ITM Power, expressed enthusiasm for progressing the engineering, permitting, and overall integration of the large-scale project. ITM Power, founded in 2000 and listed on the AIM market of the London Stock Exchange in 2004, is based in Sheffield, England, and specializes in developing electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen. This project signifies a significant step towards decarbonization and the utilization of renewable energy sources in the APAC region.