ITM Power plc has launched Hydropulse GmbH, a subsidiary based in Berlin, Germany, aimed at revolutionizing industrial green hydrogen production. The company plans to construct decentralized green hydrogen plants using ITM's NEPTUNE technology, offering green hydrogen as a service to industrial customers. By eliminating upfront capital costs, technology risks, and operational burdens, Hydropulse aims to unlock demand for green hydrogen projects that have struggled to progress. The business model caters to various industrial sectors with long-term offtake agreements, ensuring a stable and tailored supply of green hydrogen. With a focus on Europe, including Germany, the UK, and the Nordics, Hydropulse aims to address the specific needs of industries like mobility, chemicals, and refineries. The CEO emphasizes that Hydropulse will drive ITM Power's profitability by creating a new revenue stream and expanding the market while maintaining capital discipline. By mitigating bankability hurdles in green hydrogen projects, Hydropulse sets the stage for significant industry growth by minimizing risks for end-users.