500MW Capacity Reservation
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ITM is pleased to announce that it has signed a 500MW capacity reservation with a global industrial customer. This reservation secures future production capacity for the manufacturing of our state-of-the-art electrolyser stacks.
The agreement covers the period until the end of the 2028 calendar year and foresees call-offs against future projects in Europe and the US.
The two companies have agreed not to disclose further contract details at this stage.
Dennis Schulz, CEO ITM, said: "Today's announcement is a great example of how close collaboration will unlock competitive and successful green hydrogen projects. Following the already announced capacity reservation for 100MW from Shell, this agreement with yet another large-scale industrial customer is a validation of our technology and credibility to deliver."
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