ITM Power Secures Major Deal for Green Hydrogen Plant in Asia-Pacific
Key Ideas
- ITM Power to supply over 300MW of electrolysers for a green hydrogen power plant in Asia-Pacific.
- Project backed by funding approval, pending final investment decision.
- CEO Dennis Schulz expresses enthusiasm for advancing the project towards FID.
ITM Power has announced a significant deal to provide more than 300MW of electrolysers to an undisclosed customer in the Asia-Pacific region for a green hydrogen power plant. The plant aims to cater to thermal power generation, marking a substantial step towards sustainable energy practices. This project has received financial backing from local authorities, showcasing support for the initiative. As the project progresses, the final investment decision (FID) remains a crucial milestone. ITM Power's CEO, Dennis Schulz, has expressed great excitement about collaborating with the customer to enhance engineering, permitting, and overall plant integration efforts. This partnership signifies a commitment to pushing forward a large-scale green hydrogen project that aligns with the global shift towards cleaner energy sources.