50MW FEED Contract Signed

In brief · summary, not quotable

ITM Power awarded 50MW FEED contract for green hydrogen project in European Union.

FEED contract capacity 50MW
NEPTUNE V units 10
Annual hydrogen production approximately 5,000 tonnes
Planned production start second half of 2027

Full announcement

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ITM Power is pleased to announce that we have been selected as the technology provider and awarded a Front-End Engineering Design (FEED) contract for a 50MW green hydrogen production site in the European Union for an undisclosed experienced green hydrogen plant developer.

The FEED will be based on ten NEPTUNE V units, our full-scope 5MW containerised electrolyser plant ideally suited for mid-sized projects. The FEED will support the project development ahead of a Final Investment Decision (FID) for the whole project, which the customer expects to take in 2025. The plant is planned to start producing approximately 5,000 tonnes of green hydrogen annually from the second half of 2027 and supply local industries.

Dennis Schulz, CEO, said: "We are excited to have been selected as the technology partner for this project. NEPTUNE V was only launched in May of this year, and this FEED confirms our view at the time that mid-sized green hydrogen projects would experience strong momentum in the near term".

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