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ITM Power (ITM): Lingen and Refhyne II 100 MW plants

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ITM ITM Power

£635m · 80.9p · +12% since the first step
209.2p 59.3p Now 80.9p · 23 Oct −11% +66% −18% −6% Nov ’25DecJan ’26FebMarAprMayJunJulAugSepOct
4 Dec 2025 · Lingen 1 delivered; Lingen 2 and Refhyne II on plan · −11% until the next step The world's first 100 MW PEM plant for RWE in Lingen has progressed well, with our scope now fully delivered and installed.
29 Jan 2026 · Lingen 1 installed and tested; Lingen 2 progressing · +66% until the next step For the second 100 MW, Lingen 2, all TRIDENT skids and already 40% of the stacks have been installed.
4 Aug 2026 · First hydrogen delivered to customer during commissioning · −18% until the next step we look forward to supporting the project's continued ramp-up towards full 200 MW commercial operation.
19 Oct 2026 · Lingen 1 operational; Lingen 2 on track · −6% since Second 100 MW, Lingen 2, on track for completion in this financial year
Project milestones
Lingen and Refhyne II 100 MW plants
Lingen 1 operational; Lingen 2 on track
Next: Lingen 2 completion in FY27; ramp-up of both plants
Every step · 4
  1. 4 Dec 2025 Lingen 1 delivered; Lingen 2 and Refhyne II on plan – The world's first 100 MW PEM plant for RWE in Lingen has progressed well, with our scope now fully delivered and installed. ↗
  2. 29 Jan 2026 Lingen 1 installed and tested; Lingen 2 progressing – For the second 100 MW, Lingen 2, all TRIDENT skids and already 40% of the stacks have been installed. ↗
  3. 4 Aug 2026 First hydrogen delivered to customer during commissioning – we look forward to supporting the project's continued ramp-up towards full 200 MW commercial operation. ↗
  4. 19 Oct 2026 Lingen 1 operational; Lingen 2 on track – Second 100 MW, Lingen 2, on track for completion in this financial year ↗

What is happening

ITM Power: Lingen and Refhyne II 100 MW plants – Lingen 1 operational; Lingen 2 on track. ['Lingen 1 operational; Lingen 2 on track']

In short
ITM and Linde Engineering are delivering two 100 MW plants to RWE at Lingen. First hydrogen went to Evonik's Marl park, announced 4 Aug 2026. In the 19 Oct 2026 results ITM says Lingen 1, the world's largest PEM electrolyser plant, is now operational, and Lingen 2 is on track for completion in the current financial year.
Announced
4 Dec 2025 · Lingen 1 delivered; Lingen 2 and Refhyne II on plan
Latest
19 Oct 2026 · Lingen 1 operational; Lingen 2 on track
Milestone
First hydrogen produced and delivered to Evonik's Marl chemical park, announced 4 Aug 2026
Size
Two 100 MW plants, 200 MW in total, for RWE
Pipeline
Approximately 120 km of hydrogen pipeline to Marl
Project
GET H2 Nukleus
Next milestone
Lingen 2 completion; full 200 MW commercial operation, no date stated
Status
Commissioning ongoing
Lingen 1
100 MW, now operational; world's largest PEM electrolyser plant (results, 19 Oct 2026)
Lingen 2
Second 100 MW, on track for completion in FY27

What comes next

Lingen 2 completion in FY27; ramp-up of both plants.

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