ITM Power PLC Secures Major Green Hydrogen Projects in the UK
Key Ideas
  • ITM Power PLC has been selected as the supplier for a large-scale green hydrogen project in the UK under the government's hydrogen allocation round 2, showcasing the company's success in the growing green hydrogen market.
  • The firm will deploy its core electrolysis process module, Poseidon, for both the large-scale project and a separate smaller project in the UK, pending final investment decisions.
  • Chief Executive Officer Dennis Schulz expressed honor in being chosen for another significant project, highlighting the increasing momentum of green hydrogen adoption in the UK and ITM Power PLC's early leadership in the local market.
  • The company's stock price has risen by 9.3% in London following the announcement, reflecting investor confidence in ITM Power PLC's future prospects, with a 66% increase over the past 12 months.
ITM Power PLC, a Sheffield-based designer and manufacturer of electrolyser systems for green hydrogen production, has successfully secured a pivotal role as the supplier for a major green hydrogen project in the UK. This project was part of the government's hydrogen allocation round 2 [HAR2], affirming the company's position in the growing green hydrogen market. Additionally, the company will also be involved in another smaller green hydrogen project in the UK. Both projects are currently awaiting final investment decisions, with ITM Power PLC planning to deploy its core electrolysis process module, Poseidon, for these initiatives. CEO Dennis Schulz expressed his pride in being selected for another significant HAR2 project shortly after the company's confirmation for the Uniper 120-megawatt Humber project. Schulz highlighted that this selection not only signifies the UK's increasing focus on green hydrogen but also demonstrates ITM Power PLC's early dominance in its domestic market. The positive news has had a direct impact on the company's stock performance, with a 9.3% increase in stock price in London, showcasing investor optimism in the company's trajectory. Over the past 12 months, ITM Power PLC has seen a 66% rise in its stock value, indicating strong investor confidence in the company's growth and potential within the green energy sector.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2025 AdvanceH2, LLC. All rights reserved.