Contract with FDE for four NEPTUNE V
ITM Power signs contract to supply four 5MW NEPTUNE V units totalling 20MW to FDE for Norway hydrogen hub.
- Total capacity ordered 20MW
- NEPTUNE V unit size 5MW
- Number of units 4
- Expected production start late 2026
- Second phase capacity 40MW
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ITM Power is pleased to announce that we have signed a contract to supply four NEPTUNE V units, totalling 20MW, to La Française de l'Energie SA (FDE), an independent multi-energy producer.
NEPTUNE V is our full-scope 5MW containerised green hydrogen plant, which utilises ITM's leading and proven TRIDENT stack technology. It provides reliable, flexible, and highly efficient hydrogen production capacity and the industry's smallest footprint per MW.
The NEPTUNE V units will be deployed into the first phase of Norway's Hydrogen Hub Agder project, 100% owned by Greenstat, a subsidiary of FDE, developing green energy production projects in Norway. The 20MW green hydrogen hub facility will be dedicated to supplying the maritime industry, and production is expected to start in late 2026. The second phase is expected to be an additional 40MW, which is planned to be launched in 2027.
Dennis Schulz, CEO of ITM, said: "The Nordic countries present an exciting opportunity for green hydrogen, and it is a privilege that FDE has selected us for the Agder Hydrogen Hub in Norway."
Antoine Forcinal, CEO of FDE, said: "We are delighted to work with ITM as a partner for the supply of an integrated electrolyser solution for our Agder Hydrogen Hub project, one of the largest green hydrogen projects in Norway."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.