20MW contract FID

In brief · summary, not quotable

Received Notice to Proceed for 20MW hydrogen project after customer Final Investment Decision.

Project capacity 20MW

Full announcement

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ITM is pleased to confirm receipt of the Notice to Proceed (NtP) for a 20MW project, which we previously announced and for which the customer has now taken a Final Investment Decision (FID).

ITM anticipates being able to provide further details towards the end of the first quarter of 2026.

The NtP formally authorises ITM to commence full project work, thereby setting the official contract start date. Accordingly, the contract is now firm and will be added to our contracted order backlog.

Dennis Schulz, CEO, said, "We are proud that we have been entrusted to deliver yet another important industrial-scale project, and we are looking forward to providing more information on the project specifics in due course."

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.